Elastic (ESTC) Financials

$53.70 -1.58 (-2.87%)

Closing price 03:59 PM Eastern

Extended Trading

$54.46 +0.76 (+1.41%)

As of 04:41 PM Eastern

Annual Income Statements for Elastic

This table shows Elastic's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-52	-53	-102	-167	-129	-204	-236	62	-108
Consolidated Net Income / (Loss)	-52	-53	-102	-167	-129	-204	-236	62	-108
Net Income / (Loss) Continuing Operations	-52	-53	-102	-167	-129	-204	-236	62	-108
Total Pre-Tax Income	-48	-49	-98	-169	-122	-198	-217	-123	-32
Total Operating Income	-47	-48	-101	-171	-129	-174	-219	-130	-55
Total Gross Profit	68	119	194	305	447	630	772	937	1,103
Total Revenue	88	160	272	428	608	862	1,069	1,267	1,483
Operating Revenue	80	160	272	428	608	862	1,069	1,267	1,483
Total Cost of Revenue	20	41	78	123	161	232	297	330	380
Operating Cost of Revenue	-13	41	78	123	161	232	297	330	380
Total Operating Expenses	116	167	295	476	577	804	992	1,067	1,158
Selling, General & Admin Expense	26	29	47	92	104	123	143	161	175
Marketing Expense	57	83	147	219	274	407	504	560	617
Research & Development Expense	33	56	101	165	199	274	313	342	366
Restructuring Charge	-	-	-	-	0.00	0.00	31	4.92	0.23
Total Other Income / (Expense), net	-0.58	-1.36	3.44	1.96	7.76	-24	2.30	7.15	23
Interest Expense	-	-	-	0.00	0.19	21	25	26	25
Other Income / (Expense), net	-0.58	-1.36	3.44	1.96	7.95	-3.39	27	33	49
Income Tax Expense	4.21	3.38	4.39	-1.97	7.72	6.06	19	-184	77
Basic Earnings per Share	($1.71)	($1.65)	($1.86)	($2.12)	($1.48)	($2.20)	($2.47)	$0.62	($1.04)
Weighted Average Basic Shares Outstanding	30.36M	32.03M	54.89M	78.80M	87.21M	92.55M	95.73M	99.65M	103.66M
Diluted Earnings per Share	($1.71)	($1.65)	($1.86)	($2.12)	($1.48)	($2.20)	($2.47)	$0.59	($1.04)
Weighted Average Diluted Shares Outstanding	30.36M	32.03M	54.89M	78.80M	87.21M	92.55M	95.73M	103.98M	103.66M
Weighted Average Basic & Diluted Shares Outstanding	30.36M	32.03M	54.89M	78.80M	87.21M	94.86M	97.39M	101.72M	105.53M

This table shows Elastic's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-49	-25	176	-41	-49	-25	-17	-16	-25	-51	7.75
Consolidated Net Income / (Loss)	-49	-25	176	-41	-49	-25	-17	-16	-25	-51	7.75
Net Income / (Loss) Continuing Operations	-49	-25	176	-41	-49	-25	-17	-16	-25	-51	7.75
Total Pre-Tax Income	-35	-20	-24	-44	-29	-1.78	4.07	-4.70	-0.01	1.31	6.17
Total Operating Income	-36	-22	-26	-46	-34	-4.43	-4.64	-12	-9.44	-8.24	0.61
Total Gross Profit	216	231	243	247	256	272	285	291	319	321	343
Total Revenue	294	311	328	335	347	365	382	388	415	423	450
Operating Revenue	294	311	328	335	347	365	382	388	415	423	450
Total Cost of Revenue	77	80	85	88	92	93	97	98	97	102	106
Operating Cost of Revenue	77	80	85	88	92	93	97	98	97	102	106
Total Operating Expenses	253	252	270	293	290	277	290	303	328	330	343
Selling, General & Admin Expense	38	39	41	43	43	44	42	46	45	48	52
Marketing Expense	133	133	142	152	157	144	154	162	174	174	177
Research & Development Expense	81	80	87	94	89	88	94	95	109	108	114
Restructuring Charge	0.73	0.03	0.00	4.16	0.14	0.09	0.00	-	0.00	0.00	0.00
Total Other Income / (Expense), net	0.99	1.89	2.20	2.06	4.68	2.64	8.71	7.32	9.43	9.54	5.55
Interest Expense	6.31	6.35	6.37	7.11	6.53	6.46	6.48	5.84	6.35	6.29	6.25
Other Income / (Expense), net	7.30	8.24	8.57	9.17	11	9.11	15	13	16	16	12
Income Tax Expense	13	5.15	-200	-2.55	20	24	21	12	25	53	-1.59
Basic Earnings per Share	($0.50)	($0.25)	$1.76	($0.39)	($0.48)	($0.25)	($0.16)	($0.15)	($0.23)	($0.48)	$0.07
Weighted Average Basic Shares Outstanding	97.94M	99.07M	100.28M	99.65M	102.28M	103.24M	104.09M	103.66M	105.96M	106.59M	104.50M
Diluted Earnings per Share	($0.50)	($0.25)	$1.69	($1.10)	($0.48)	($0.25)	($0.16)	($0.15)	($0.23)	($0.48)	$0.07
Weighted Average Diluted Shares Outstanding	97.94M	99.07M	104.50M	103.98M	102.28M	103.24M	104.09M	103.66M	105.96M	106.59M	106.20M
Weighted Average Basic & Diluted Shares Outstanding	98.42M	99.63M	100.81M	101.72M	102.75M	103.63M	104.41M	105.53M	106.27M	105.37M	103.50M

This table details how cash moves in and out of Elastic's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Net Change in Cash & Equivalents	23	-8.28	249	-0.89	104	460	-217	-104	188
Net Cash From Operating Activities	-16	-21	-24	-31	23	5.67	36	149	266
Net Cash From Continuing Operating Activities	-16	-21	-24	-31	23	5.67	36	149	266
Net Income / (Loss) Continuing Operations	-52	-53	-102	-167	-129	-204	-236	62	-108
Consolidated Net Income / (Loss)	-52	-53	-102	-167	-129	-204	-236	62	-108
Depreciation Expense	3.15	5.07	5.70	13	17	20	20	18	12
Amortization Expense	8.42	13	21	28	41	62	69	71	91
Non-Cash Adjustments To Reconcile Net Income	19	13	40	77	92	151	220	252	270
Changes in Operating Assets and Liabilities, net	5.38	1.37	11	18	1.79	-23	-37	-254	1.28
Net Cash From Investing Activities	-20	8.33	-8.28	-29	-1.52	-127	-273	-288	-119
Net Cash From Continuing Investing Activities	-20	8.33	-8.28	-29	-1.52	-127	-273	-288	-119
Purchase of Property, Plant & Equipment	-0.84	-2.97	-3.45	-5.06	-4.23	-7.42	-2.68	-3.45	-4.35
Acquisitions	-4.49	-3.70	-1.99	-24	0.00	-120	0.00	-19	0.00
Purchase of Investments	-15	-	-	-	0.00	0.00	-270	-537	-550
Sale and/or Maturity of Investments	0.00	15	-	-	-	0.00	0.00	271	435
Net Cash From Financing Activities	60	3.43	282	59	77	602	17	40	41
Net Cash From Continuing Financing Activities	60	3.43	282	59	77	602	17	40	41
Issuance of Common Equity	0.00	0.00	270	-	-	0.00	0.00	19	23
Other Financing Activities, net	2.09	3.90	19	59	77	36	17	21	18
Effect of Exchange Rate Changes	-0.64	0.78	-0.90	0.32	6.03	-21	2.82	-4.41	-0.32
Cash Interest Paid	0.02	0.01	-	0.00	0.00	13	24	25	24
Cash Income Taxes Paid	1.44	3.19	3.07	3.50	-0.42	3.98	12	24	22

This table details how cash moves in and out of Elastic's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Change in Cash & Equivalents	-13	-41	-63	13	55	64	-74	144	-65	138	-63
Net Cash From Operating Activities	38	-2.39	52	61	53	38	88	87	105	27	43
Net Cash From Continuing Operating Activities	38	-2.39	52	61	53	38	88	87	105	27	43
Net Income / (Loss) Continuing Operations	-49	-25	176	-41	-49	-25	-17	-16	-25	-51	7.75
Consolidated Net Income / (Loss)	-49	-25	176	-41	-49	-25	-17	-16	-25	-51	7.75
Depreciation Expense	5.05	4.73	4.07	4.15	4.17	3.57	2.29	2.29	2.32	2.89	3.41
Amortization Expense	15	17	18	20	21	22	23	24	25	26	28
Non-Cash Adjustments To Reconcile Net Income	61	58	67	65	66	69	66	69	72	76	81
Changes in Operating Assets and Liabilities, net	4.96	-58	-213	13	10	-31	14	8.20	30	-27	-77
Net Cash From Investing Activities	-55	-49	-125	-58	-3.52	14	-159	29	-170	209	83
Net Cash From Continuing Investing Activities	-55	-49	-125	-58	-3.52	14	-159	29	-170	209	83
Purchase of Property, Plant & Equipment	-0.63	-0.90	-1.08	-0.85	-0.75	-0.72	-0.77	-2.12	-0.66	-0.61	-0.94
Purchase of Investments	-84	-95	-180	-179	-95	-71	-223	-161	-249	-41	-73
Sale and/or Maturity of Investments	29	46	75	121	92	86	65	192	87	279	157
Net Cash From Financing Activities	3.84	16	8.85	11	4.75	12	1.49	22	0.33	-97	-190
Net Cash From Continuing Financing Activities	3.84	16	8.85	11	4.75	12	1.49	22	0.33	-97	-190
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-	-	-191
Other Financing Activities, net	3.84	6.80	8.85	1.43	4.75	1.78	1.49	9.84	0.33	0.64	0.52
Effect of Exchange Rate Changes	0.04	-4.83	1.01	-0.63	1.24	-1.39	-4.99	4.82	-0.01	-0.29	1.18
Cash Interest Paid	12	0.16	12	0.91	12	0.26	12	-0.37	12	0.07	12
Cash Income Taxes Paid	3.04	12	4.77	4.46	4.91	7.68	3.28	6.13	5.06	10	4.83

This table presents Elastic's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Total Assets	183	486	804	973	1,643	1,743	2,243	2,593
Total Current Assets	132	430	480	637	1,164	1,274	1,531	1,931
Cash & Equivalents	51	298	297	401	861	644	540	728
Restricted Cash	0.67	2.28	2.31	2.89	2.69	2.47	2.69	3.67
Short-Term Investments	-	-	-	-	0.00	271	544	670
Accounts Receivable	53	81	129	160	215	261	323	376
Prepaid Expenses	15	31	33	37	41	40	43	68
Other Current Assets	12	17	20	36	44	56	78	86
Plant, Property, & Equipment, net	4.54	5.45	7.76	8.88	7.21	5.09	5.45	6.59
Total Noncurrent Assets	46	51	316	327	472	464	706	655
Goodwill	19	20	198	199	304	304	319	319
Intangible Assets	8.30	6.72	50	36	46	29	21	11
Noncurrent Deferred & Refundable Income Taxes	3.95	1.75	3.16	3.70	5.81	7.41	226	168
Other Noncurrent Operating Assets	15	22	64	88	116	124	141	156
Total Liabilities & Shareholders' Equity	183	486	804	973	1,643	1,743	2,243	2,593
Total Liabilities	136	223	390	522	1,227	1,345	1,504	1,666
Total Current Liabilities	125	204	333	450	593	717	871	1,008
Accounts Payable	2.18	4.45	11	7.25	28	35	26	17
Accrued Expenses	12	19	22	29	54	64	75	86
Current Deferred Revenue	96	158	243	353	432	529	664	802
Current Employee Benefit Liabilities	15	22	48	53	68	76	94	94
Other Current Liabilities	-	0.00	7.64	8.53	11	13	12	8.93
Total Noncurrent Liabilities	11	19	57	72	634	628	633	657
Long-Term Debt	-	-	-	-	567	568	569	570
Noncurrent Deferred Revenue	6.63	12	16	45	34	34	30	50
Other Noncurrent Operating Liabilities	3.88	6.72	41	27	34	26	34	37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-154	263	414	451	415	399	738	927
Total Preferred & Common Equity	-154	263	414	451	415	399	738	927
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-154	263	414	451	415	399	738	927
Common Stock	63	582	900	1,073	1,251	1,473	1,752	2,051
Retained Earnings	-215	-317	-484	-613	-817	-1,053	-992	-1,100
Treasury Stock	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37
Accumulated Other Comprehensive Income / (Loss)	-0.96	-1.43	-1.38	-8.11	-18	-20	-22	-23

This table presents Elastic's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/31/2022	1/31/2023	7/31/2023	10/31/2023	1/31/2024	7/31/2024	10/31/2024	1/31/2025	7/31/2025	10/31/2025	1/31/2026
Total Assets	1,594	1,628	1,701	1,758	2,059	2,150	2,232	2,330	2,524	2,477	2,438
Total Current Assets	1,123	1,165	1,240	1,302	1,362	1,466	1,576	1,693	1,878	1,825	1,788
Cash & Equivalents	856	878	631	590	527	595	659	584	662	801	737
Restricted Cash	2.39	2.36	2.68	2.81	2.77	3.44	3.32	3.60	3.65	3.47	3.69
Short-Term Investments	-	-	327	377	488	552	539	700	832	595	511
Accounts Receivable	186	201	185	232	230	196	256	270	222	261	357
Prepaid Expenses	33	33	35	38	45	43	42	56	73	78	85
Other Current Assets	45	50	60	63	69	76	77	80	85	87	93
Plant, Property, & Equipment, net	5.70	3.95	5.04	5.00	5.51	4.95	5.01	5.11	6.34	6.07	6.36
Total Noncurrent Assets	466	459	456	451	691	679	651	632	639	645	645
Goodwill	304	304	304	303	320	319	319	319	326	360	359
Intangible Assets	37	33	25	21	24	17	15	13	14	18	16
Noncurrent Deferred & Refundable Income Taxes	5.40	5.67	7.06	6.82	219	211	187	169	147	113	107
Other Noncurrent Operating Assets	119	117	120	120	129	132	130	130	153	154	163
Total Liabilities & Shareholders' Equity	1,594	1,628	1,701	1,758	2,059	2,150	2,232	2,330	2,524	2,477	2,438
Total Liabilities	1,203	1,243	1,290	1,303	1,351	1,391	1,420	1,471	1,553	1,585	1,647
Total Current Liabilities	587	617	672	687	728	768	791	837	901	927	983
Accounts Payable	41	29	16	35	11	9.34	24	9.12	27	37	29
Accrued Expenses	62	58	64	64	65	72	76	74	73	101	86
Current Deferred Revenue	411	449	507	511	562	599	608	661	710	693	764
Current Employee Benefit Liabilities	61	68	73	65	78	76	73	83	83	90	97
Other Current Liabilities	12	13	12	12	13	11	11	9.94	8.04	6.72	7.09
Total Noncurrent Liabilities	616	626	618	615	623	623	629	634	652	658	664
Long-Term Debt	567	567	568	568	568	569	569	569	570	570	571
Noncurrent Deferred Revenue	23	35	27	25	24	28	38	46	45	40	45
Other Noncurrent Operating Liabilities	26	24	23	22	31	26	23	19	21	48	49
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	392	385	412	455	708	759	812	859	971	891	791
Total Preferred & Common Equity	392	385	412	455	708	759	812	859	971	891	791
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	392	385	412	455	708	759	812	859	971	891	791
Common Stock	1,353	1,412	1,534	1,606	1,678	1,820	1,896	1,963	2,121	2,206	2,284
Retained Earnings	-934	-1,007	-1,102	-1,127	-951	-1,041	-1,066	-1,083	-1,124	-1,176	-1,168
Treasury Stock	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-115	-300
Accumulated Other Comprehensive Income / (Loss)	-27	-20	-20	-24	-19	-19	-18	-20	-25	-25	-25

This table displays calculated financial ratios and metrics derived from Elastic's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2017	4/30/2018	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	81.38%	69.85%	57.41%	42.30%	41.72%	23.96%	18.55%	17.04%
EBITDA Growth	0.00%	12.81%	-124.52%	-80.63%	50.53%	-51.35%	-6.82%	92.36%	1,337.01%
EBIT Growth	0.00%	-3.34%	-98.41%	-72.74%	28.15%	-45.70%	-8.27%	49.60%	93.52%
NOPAT Growth	0.00%	-1.74%	-111.18%	-68.82%	24.33%	-34.14%	-26.19%	40.73%	57.72%
Net Income Growth	0.00%	-1.46%	-94.02%	-63.41%	22.58%	-57.49%	-15.85%	126.13%	-275.17%
EPS Growth	0.00%	3.51%	-12.73%	-13.98%	30.19%	-48.65%	-12.27%	123.89%	-276.27%
Operating Cash Flow Growth	0.00%	-29.25%	-14.98%	-27.69%	173.76%	-74.84%	528.74%	317.14%	78.92%
Free Cash Flow Firm Growth	0.00%	0.00%	-29.00%	-615.86%	91.34%	-720.31%	56.50%	-212.27%	132.55%
Invested Capital Growth	0.00%	0.00%	-783.76%	406.58%	-58.76%	151.08%	-58.79%	350.60%	-56.29%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	11.19%	9.74%	7.71%	3.95%	4.54%	3.74%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1.20%	1.79%	-24.75%	21.42%	-7.63%	70.27%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-1.50%	-3.18%	-16.34%	13.15%	-3.28%	85.75%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-1.48%	-1.97%	-14.92%	8.16%	-4.47%	38.02%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	2.16%	-10.36%	-12.29%	7.40%	10.04%	18.61%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-8.03%	0.00%	0.00%	3,050.00%	16.13%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	14.68%	31.19%	24.03%	-20.75%	605.20%	28.94%	10.84%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	12.64%	-9.53%	23.05%	4.14%	53.75%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-6.40%	-21.58%	-9.19%	-32.49%	-14.97%	-31.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	77.49%	74.53%	71.28%	71.31%	73.53%	73.08%	72.25%	73.95%	74.39%
EBITDA Margin	-41.04%	-19.73%	-26.08%	-29.93%	-10.40%	-11.11%	-9.57%	-0.62%	6.52%
Operating Margin	-53.50%	-30.01%	-37.31%	-40.01%	-21.28%	-20.14%	-20.50%	-10.25%	-3.70%
EBIT Margin	-54.16%	-30.86%	-36.04%	-39.55%	-19.97%	-20.53%	-17.93%	-7.62%	-0.42%
Profit (Net Income) Margin	-58.94%	-32.97%	-37.66%	-39.09%	-21.27%	-23.64%	-22.09%	4.87%	-7.29%
Tax Burden Percent	108.82%	106.84%	104.48%	98.84%	106.34%	103.06%	108.89%	-50.28%	342.47%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.15%	111.70%	113.12%	127.05%	504.14%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	-311.14%	-112.32%	-146.97%	-183.65%	-67.74%	-24.35%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	-295.33%	-101.29%	-123.50%	-158.09%	-102.89%	-14.03%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	261.73%	82.38%	99.91%	125.65%	78.60%	11.37%
Return on Equity (ROE)	0.00%	-111.26%	-65.92%	-49.41%	-29.95%	-47.06%	-58.00%	10.86%	-12.98%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-237.44%	-29.12%	-233.04%	-100.39%	-195.09%	53.99%
Operating Return on Assets (OROA)	0.00%	-26.97%	-29.28%	-26.23%	-13.68%	-13.54%	-11.32%	-4.85%	-0.26%
Return on Assets (ROA)	0.00%	-28.81%	-30.60%	-25.93%	-14.57%	-15.58%	-13.95%	3.10%	-4.47%
Return on Common Equity (ROCE)	0.00%	360.42%	-23.25%	-49.41%	-29.95%	-47.06%	-58.00%	10.86%	-12.98%
Return on Equity Simple (ROE_SIMPLE)	0.00%	34.34%	-38.90%	-40.41%	-28.71%	-49.07%	-59.20%	8.36%	-11.66%
Net Operating Profit after Tax (NOPAT)	-33	-34	-71	-120	-91	-122	-153	-91	-38
NOPAT Margin	-37.45%	-21.01%	-26.12%	-28.01%	-14.90%	-14.10%	-14.35%	-7.18%	-2.59%
Net Nonoperating Expense Percent (NNEP)	0.00%	-74.14%	-17.82%	-15.81%	-11.04%	-23.48%	-25.57%	35.15%	-10.32%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-2.57%
Cost of Revenue to Revenue	22.51%	25.47%	28.72%	28.69%	26.47%	26.93%	27.75%	26.05%	25.61%
SG&A Expenses to Revenue	29.82%	18.10%	17.13%	21.43%	17.06%	14.31%	13.40%	12.67%	11.81%
R&D to Revenue	36.97%	34.79%	37.24%	38.67%	32.74%	31.75%	29.32%	26.98%	24.66%
Operating Expenses to Revenue	130.99%	104.54%	108.59%	111.32%	94.81%	93.21%	92.75%	84.20%	78.09%
Earnings before Interest and Taxes (EBIT)	-48	-49	-98	-169	-122	-177	-192	-97	-6.26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-36	-32	-71	-128	-63	-96	-102	-7.82	97
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	23.21	12.67	24.02	17.13	13.85	13.96	9.71
Price to Tangible Book Value (P/TBV)	0.00	0.00	25.82	31.71	50.20	108.28	83.51	25.88	15.09
Price to Revenue (P/Rev)	2.86	1.58	22.47	12.26	17.79	8.25	5.17	8.13	6.07
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	166.96	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.60%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	43.25	221.20	57.64	106.11	44.54	85.07
Enterprise Value to Revenue (EV/Rev)	0.00	2.51	21.37	11.56	17.13	7.91	4.84	7.72	5.51
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	84.50
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	462.35	1,202.33	145.09	65.78	30.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	95.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	1.36	1.42	0.77	0.61
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	1.36	1.42	0.77	0.61
Financial Leverage	0.00	-1.09	-1.13	-0.89	-0.81	-0.81	-0.79	-0.76	-0.81
Leverage Ratio	0.00	3.86	2.15	1.91	2.06	3.02	4.16	3.51	2.90
Compound Leverage Factor	0.00	3.86	2.15	1.91	2.06	3.37	4.70	4.45	14.64
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	57.69%	58.73%	43.51%	38.06%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	57.69%	58.73%	43.51%	38.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	423.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-323.96%	100.00%	100.00%	100.00%	42.31%	41.27%	56.49%	61.94%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-5.91	-5.55	-72.76	5.89
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	3.10	3.42	66.34	-8.60
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-5.91	-5.55	-72.76	5.89
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-4.66	-3.70	-6.25	-14.82
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	2.44	2.28	5.70	21.62
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-4.66	-3.70	-6.25	-14.82
Altman Z-Score	0.00	-0.50	15.99	7.27	12.00	3.37	2.25	4.27	3.64
Noncontrolling Interest Sharing Ratio	0.00%	423.96%	64.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.06	2.11	1.44	1.42	1.96	1.78	1.76	1.92
Quick Ratio	0.00	0.83	1.86	1.28	1.25	1.81	1.64	1.62	1.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-29	-38	-271	-23	-193	-84	-262	85
Operating Cash Flow to CapEx	-1,910.68%	-701.45%	-694.43%	-603.67%	533.10%	76.47%	1,328.69%	4,311.94%	6,125.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-127.02	-9.31	-3.33	-10.02	3.37
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	121.86	0.27	1.42	5.69	10.52
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	99.01	-0.08	1.31	5.56	10.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.87	0.81	0.66	0.68	0.66	0.63	0.64	0.61
Accounts Receivable Turnover	0.00	3.00	4.04	4.07	4.21	4.59	4.49	4.34	4.25
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	35.26	54.42	64.75	73.13	107.21	173.83	240.36	246.35
Accounts Payable Turnover	0.00	18.72	23.55	15.40	17.19	13.03	9.33	10.78	17.58
Days Sales Outstanding (DSO)	0.00	121.49	90.36	89.61	86.71	79.50	81.29	84.09	85.96
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	19.50	15.50	23.70	21.23	28.02	39.10	33.85	20.77
Cash Conversion Cycle (CCC)	0.00	101.99	74.86	65.91	65.48	51.47	42.19	50.24	65.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-4.22	-37	114	47	118	49	220	96
Invested Capital Turnover	0.00	-75.85	-13.10	11.11	7.54	10.43	12.80	9.44	9.40
Increase / (Decrease) in Invested Capital	0.00	-4.22	-33	152	-67	71	-70	171	-124
Enterprise Value (EV)	0.00	401	5,805	4,942	10,424	6,820	5,174	9,786	8,169
Market Capitalization	252	252	6,105	5,242	10,827	7,117	5,524	10,305	9,000
Book Value per Share	$0.00	($4.79)	$3.69	$5.06	$5.02	$4.44	$4.13	$7.32	$8.88
Tangible Book Value per Share	$0.00	($5.65)	$3.31	$2.02	$2.40	$0.70	$0.69	$3.95	$5.71
Total Capital	0.00	47	263	414	451	982	966	1,307	1,497
Total Debt	0.00	0.00	0.00	0.00	0.00	567	568	569	570
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	567	568	569	570
Net Debt	0.00	-52	-300	-299	-404	-297	-350	-518	-831
Capital Expenditures (CapEx)	0.84	2.97	3.45	5.06	4.23	7.42	2.68	3.45	4.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-44	-74	-152	-217	-293	-360	-427	-478
Debt-free Net Working Capital (DFNWC)	0.00	7.12	226	147	187	570	558	660	923
Net Working Capital (NWC)	0.00	7.12	226	147	187	570	558	660	923
Net Nonoperating Expense (NNE)	19	19	31	47	39	82	83	-153	70
Net Nonoperating Obligations (NNO)	0.00	-52	-300	-299	-404	-297	-350	-518	-831
Total Depreciation and Amortization (D&A)	12	18	27	41	58	81	89	89	103
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-27.82%	-27.32%	-35.60%	-35.58%	-34.01%	-33.68%	-33.72%	-32.24%
Debt-free Net Working Capital to Revenue	0.00%	4.45%	83.22%	34.42%	30.76%	66.14%	52.17%	52.06%	62.21%
Net Working Capital to Revenue	0.00%	4.45%	83.22%	34.42%	30.76%	66.14%	52.17%	52.06%	62.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.71)	($1.65)	($1.86)	($2.12)	($1.48)	($2.20)	($2.47)	$0.62	($1.04)
Adjusted Weighted Average Basic Shares Outstanding	30.36M	32.03M	75.35M	85.28M	91.50M	92.55M	95.73M	99.65M	103.66M
Adjusted Diluted Earnings per Share	($1.71)	($1.65)	($1.86)	($2.12)	($1.48)	($2.20)	($2.47)	$0.59	($1.04)
Adjusted Weighted Average Diluted Shares Outstanding	30.36M	32.03M	75.35M	85.28M	91.50M	92.55M	95.73M	103.98M	103.66M
Adjusted Basic & Diluted Earnings per Share	($1.71)	($1.65)	($1.86)	($2.12)	($1.48)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.36M	32.03M	54.89M	78.80M	87.21M	94.86M	97.39M	101.72M	105.53M
Normalized Net Operating Profit after Tax (NOPAT)	-33	-34	-71	-120	-91	-122	-132	-87	-38
Normalized NOPAT Margin	-37.45%	-21.01%	-26.12%	-28.01%	-14.90%	-14.10%	-12.30%	-6.90%	-2.58%
Pre Tax Income Margin	-54.16%	-30.86%	-36.04%	-39.55%	-20.00%	-22.94%	-20.29%	-9.69%	-2.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	-656.91	-8.55	-7.62	-3.70	-0.25
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	-489.92	-5.87	-6.10	-3.48	-1.52
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-679.77	-8.91	-7.73	-3.83	-0.42
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-512.78	-6.23	-6.20	-3.61	-1.69
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.42%	-0.65%	-5.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Elastic's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	105,372,800.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	105,372,800.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-25	-15	-18	-32	-24	-3.10	19	-8.41	-6.61	323	0.77
Return On Investment Capital (ROIC_SIMPLE)	-	-	-1.45%	-	-	-	1.36%	-0.56%	-0.42%	22.10%	0.06%
Earnings before Interest and Taxes (EBIT)	-29	-13	-18	-37	-23	4.68	11	1.14	6.34	7.60	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.53	8.90	4.20	-12	2.80	31	36	28	34	37	44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	64	31	-205	-203	-181	-129	137	115	111	441	32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20	54	258	220	178	180	141	96	59	62	110
Increase / (Decrease) in Invested Capital	-89	-46	186	171	158	126	-117	-124	-118	-118	-31
Book Value per Share	$4.23	$4.62	$7.10	$7.32	$7.47	$7.90	$8.29	$8.88	$9.20	$8.39	$7.51
Tangible Book Value per Share	$0.85	$1.33	$3.66	$3.95	$4.16	$4.65	$5.08	$5.71	$5.98	$4.83	$3.96
Total Capital	980	1,023	1,276	1,307	1,328	1,381	1,429	1,497	1,557	1,461	1,362
Total Debt	568	568	568	569	569	569	569	570	586	570	571
Total Long-Term Debt	568	568	568	569	569	569	569	570	586	570	571
Net Debt	-392	-401	-449	-518	-582	-632	-718	-831	-912	-829	-681
Capital Expenditures (CapEx)	0.63	0.90	1.08	0.85	0.75	0.72	0.77	2.12	0.66	0.61	0.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-391	-355	-384	-427	-453	-416	-431	-478	-520	-501	-447
Debt-free Net Working Capital (DFNWC)	569	615	634	660	698	785	856	923	977	898	804
Net Working Capital (NWC)	569	615	634	660	698	785	856	923	977	898	804
Net Nonoperating Expense (NNE)	23	9.72	-195	9.10	26	22	36	7.97	18	374	-6.98
Net Nonoperating Obligations (NNO)	-392	-401	-449	-518	-582	-632	-718	-831	-912	-829	-681
Total Depreciation and Amortization (D&A)	20	22	22	24	25	26	25	26	27	29	31
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.50)	($0.25)	$1.76	($0.39)	($0.48)	($0.25)	($0.16)	($0.15)	($0.23)	($0.48)	$0.07
Adjusted Weighted Average Basic Shares Outstanding	97.94M	99.07M	100.28M	99.65M	102.28M	103.24M	104.09M	103.66M	105.96M	106.59M	104.50M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.69	($1.10)	($0.48)	($0.25)	($0.16)	($0.15)	($0.23)	($0.48)	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	104.50M	103.98M	102.28M	103.24M	104.09M	103.66M	105.96M	106.59M	106.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	98.42M	99.63M	100.81M	101.72M	102.75M	103.63M	104.41M	105.53M	106.27M	105.37M	103.50M
Normalized Net Operating Profit after Tax (NOPAT)	-25	-15	-18	-29	-24	-3.04	-3.25	-8.41	-6.61	-5.77	0.43
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Elastic N.V. (NYSE: ESTC) has shown notable top‑line growth over the last four years, but remains unprofitable on a net income basis. The company also holds a sizable cash position and a large book of deferred revenue, suggesting a durable recurring‑revenue model. However, liabilities are higher than equity, and profitability improvements have not kept pace with revenue growth in the periods provided.

Revenue growth trend: Operating revenue grew from about $264.4 million (Q3 2022) to roughly $423.5 million (Q2 2026), delivering an approximate four‑year CAGR near 11%.
Liquidity position: Cash & equivalents stood at about $800.6 million as of Q2 2026, with substantial short‑term investments (~$595.5 million) providing liquidity headroom.
Positive operating cash flow in select quarters: Positive net cash from continuing operating activities in multiple quarters, e.g., Q1 2026: $104.8 million and Q3 2025: $88.1 million, signaling some cash generation from core business despite losses.
Recurring revenue potential: Current/Operating deferred revenue is large (e.g., Q2 2026 current deferred revenue around $692.7 million), underscoring a substantial forward bookings base.
Growth investment profile: High R&D and marketing spend (for example, Q2 2026: R&D about $108.2 million; Marketing about $173.6 million) consistent with a growth strategy that may damp near‑term margins.
Leverage and balance sheet structure: Total liabilities (~$1.585 billion) exceed total equity (~$0.891 billion) in Q2 2026, indicating a higher leverage level and ongoing interest/financing considerations.
Persistent net losses: Net income reported as negative in all periods shown; for example, Q2 2026 Consolidated Net Income / (Loss) was −$51.28 million.
Operating profitability challenged: Total Operating Income was negative in several quarters (e.g., Q2 2026: −$8.24 million), highlighting continued operating losses despite revenue growth.
Cash flow influenced by non‑operating items at times: In some periods, cash from investing activities included sizable gains from asset sales (e.g., Sale of Investments of $279.2 million in Q2 2026), which bolsters cash flow but is not a repeatable driver of profitability.

: Elastic shows meaningful top‑line expansion and a growing liquidity cushion, with a large, recurring deferred revenue base supporting visibility. However, profitability remains well below break‑even, and the company carries a relatively heavy leverage load. Investors should monitor whether the company can translate revenue growth into sustained operating margin improvements and how it addresses the balance sheet leverage over time. Revenue growth and cash generation appear to be improving, but continued profitability progress will be key to evaluating ESTC's longer‑term value proposition.

05/21/26 02:42 PM ETAI Generated. May Contain Errors.

Elastic Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Elastic's fiscal year ends in April. Their fiscal year 2025 ended on April 30, 2025.

Elastic's net income appears to be on an upward trend, with a most recent value of -$108.11 million in 2025, rising from -$51.97 million in 2017. The previous period was $61.72 million in 2024. Check out Elastic's forecast to explore projected trends and price targets.

Elastic's total operating income in 2025 was -$54.92 million, based on the following breakdown:

Total Gross Profit: $1.10 billion
Total Operating Expenses: $1.16 billion

Over the last 8 years, Elastic's total revenue changed from $88.18 million in 2017 to $1.48 billion in 2025, a change of 1,582.2%.

Elastic's total liabilities were at $1.67 billion at the end of 2025, a 10.7% increase from 2024, and a 1,128.1% increase since 2018.

In the past 7 years, Elastic's cash and equivalents has ranged from $50.94 million in 2018 to $860.95 million in 2022, and is currently $727.54 million as of their latest financial filing in 2025.

Over the last 8 years, Elastic's book value per share changed from 0.00 in 2017 to 8.88 in 2025, a change of 888.1%.

Related Companies

Financial statements for NYSE:ESTC last updated on 3/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Elastic (ESTC) Financials

Financials Breakdown Chart

Key Financial Trends

Elastic Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Elastic (ESTC) Financials

Annual Income Statements for Elastic

Quarterly Income Statements for Elastic

Annual Cash Flow Statements for Elastic

Quarterly Cash Flow Statements for Elastic

Annual Balance Sheets for Elastic

Quarterly Balance Sheets for Elastic

Annual Metrics And Ratios for Elastic

Quarterly Metrics And Ratios for Elastic

Financials Breakdown Chart

Key Financial Trends

Elastic Financials - Frequently Asked Questions

When does Elastic's financial year end?

How has Elastic's net income changed over the last 8 years?

What is Elastic's operating income?

How has Elastic's revenue changed over the last 8 years?

How much debt does Elastic have?

How much cash does Elastic have?

How has Elastic's book value per share changed over the last 8 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools