Elastic N.V. Financials
This page shows Elastic N.V. (ESTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Elastic is turning revenue growth into cash much faster, while heavy R&D reinvestment keeps reported operating profit just shy of breakeven.
The reported$367.8M net income was not an operating breakout, because operating income was still-$33.5M ; the headline profit came from below the operating line rather than from fully covered overhead. The more durable signal is cash conversion, with operating cash flow rising from$148.8M to$326.9M across the period shown, meaning the business is becoming cash-generative before fully GAAP-profitable.
Cost of revenue fell to
The balance sheet has become less debt-driven: debt-to-equity fell from 1.4x to 0.4x even though long-term debt barely moved, so rising equity did the repair work. Cash exceeded long-term debt, with
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Elastic N.V.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Elastic N.V. has an operating margin of -1.9%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 13/100, suggesting thin profitability after operating expenses. This is up from -3.7% the prior year.
Elastic N.V.'s revenue surged 17.3% year-over-year to $1.7B, reflecting rapid business expansion. This strong growth earns a score of 62/100.
Elastic N.V. carries a low D/E ratio of 0.45, meaning only $0.45 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Elastic N.V.'s current ratio of 1.68 is below the typical benchmark, resulting in a score of 29/100. However, the company holds substantial cash reserves (64% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Elastic N.V. converts 18.5% of revenue into free cash flow ($321.8M). This strong cash generation earns a score of 67/100.
Elastic N.V.'s ROE of 28.8% shows moderate profitability relative to equity, earning a score of 39/100. This is up from -11.1% the prior year.
Elastic N.V. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Elastic N.V. generates $0.89 in operating cash flow ($326.9M OCF vs $367.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Elastic N.V. earns $-1.3 in operating income for every $1 of interest expense (-$33.5M vs $25.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Elastic N.V. generated $1.7B in revenue in fiscal year 2026. This represents an increase of 17.3% from the prior year.
Elastic N.V.'s EBITDA was -$21.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 49.1% from the prior year.
Elastic N.V. reported $367.8M in net income in fiscal year 2026. This represents an increase of 440.2% from the prior year.
Elastic N.V. earned $3.43 per diluted share (EPS) in fiscal year 2026. This represents an increase of 429.8% from the prior year.
Cash & Balance Sheet
Elastic N.V. generated $321.8M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 22.9% from the prior year.
Elastic N.V. held $768.7M in cash against $570.9M in long-term debt as of fiscal year 2026.
Elastic N.V. had 104M shares outstanding in fiscal year 2026. This represents a decrease of 1.5% from the prior year.
Margins & Returns
Elastic N.V.'s gross margin was 76.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.
Elastic N.V.'s operating margin was -1.9% in fiscal year 2026, reflecting core business profitability. This is up 1.8 percentage points from the prior year.
Elastic N.V.'s net profit margin was 21.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 28.4 percentage points from the prior year.
Elastic N.V.'s ROE was 28.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 39.9 percentage points from the prior year.
Capital Allocation
Elastic N.V. invested $451.9M in research and development in fiscal year 2026. This represents an increase of 23.6% from the prior year.
Elastic N.V. spent $340.1M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
Elastic N.V. invested $5.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 17.2% from the prior year.
ESTC Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $450.7M+0.2% | $449.9M+6.2% | $423.5M+2.0% | $415.3M+6.9% | $388.4M+1.7% | $382.1M+4.6% | $365.4M+5.2% | $347.4M |
| Cost of Revenue | $111.1M+4.3% | $106.4M+4.3% | $102.0M+5.5% | $96.7M-1.1% | $97.8M+0.7% | $97.2M+4.3% | $93.2M+1.5% | $91.8M |
| Gross Profit | $339.6M-1.1% | $343.4M+6.8% | $321.5M+0.9% | $318.5M+9.6% | $290.6M+2.0% | $284.9M+4.7% | $272.2M+6.5% | $255.7M |
| R&D Expenses | $120.3M+5.1% | $114.4M+5.8% | $108.2M-0.9% | $109.1M+15.3% | $94.7M+1.1% | $93.6M+6.2% | $88.2M-1.3% | $89.3M |
| SG&A Expenses | $50.0M-3.2% | $51.6M+7.7% | $48.0M+7.0% | $44.8M-3.0% | $46.2M+9.4% | $42.2M-4.2% | $44.1M+3.3% | $42.7M |
| Operating Income | -$16.4M-2785.9% | $611K+107.4% | -$8.2M+12.8% | -$9.4M+21.5% | -$12.0M-159.2% | -$4.6M-4.8% | -$4.4M+86.9% | -$33.8M |
| Interest Expense | $6.2M-0.1% | $6.3M-0.6% | $6.3M-0.9% | $6.4M+8.7% | $5.8M-9.7% | $6.5M+0.2% | $6.5M-1.0% | $6.5M |
| Income Tax | -$445.7M-27964.5% | -$1.6M-103.0% | $52.6M+113.8% | $24.6M+110.6% | $11.7M-44.7% | $21.1M-10.7% | $23.7M+17.9% | $20.1M |
| Net Income | $435.9M+5522.3% | $7.8M+115.1% | -$51.3M-108.4% | -$24.6M-50.2% | -$16.4M+4.0% | -$17.1M+33.0% | -$25.4M+48.3% | -$49.2M |
| EPS (Diluted) | N/A | $0.07+114.6% | $-0.48-108.7% | $-0.23 | N/A | $-0.16+36.0% | $-0.25+47.9% | $-0.48 |
ESTC Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+29.3% | $2.4B-1.5% | $2.5B-1.9% | $2.5B-2.7% | $2.6B+11.3% | $2.3B+4.4% | $2.2B+3.8% | $2.2B |
| Current Assets | $2.0B+13.2% | $1.8B-2.1% | $1.8B-2.8% | $1.9B-2.7% | $1.9B+14.0% | $1.7B+7.5% | $1.6B+7.5% | $1.5B |
| Cash & Equivalents | $768.7M+4.3% | $737.2M-7.9% | $800.6M+20.9% | $662.3M-9.0% | $727.5M+24.6% | $584.0M-11.3% | $658.5M+10.7% | $594.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $464.4M+29.9% | $357.4M+37.0% | $260.9M+17.6% | $222.0M-40.9% | $375.6M+38.9% | $270.4M+5.6% | $256.1M+30.3% | $196.5M |
| Goodwill | $356.4M-0.6% | $358.5M-0.3% | $359.7M+10.3% | $326.1M+2.1% | $319.4M0.0% | $319.4M0.0% | $319.4M0.0% | $319.4M |
| Total Liabilities | $1.9B+13.9% | $1.6B+3.9% | $1.6B+2.1% | $1.6B-6.8% | $1.7B+13.2% | $1.5B+3.6% | $1.4B+2.1% | $1.4B |
| Current Liabilities | $1.2B+22.5% | $983.2M+6.1% | $927.0M+2.9% | $900.8M-10.7% | $1.0B+20.5% | $837.0M+5.9% | $790.7M+2.9% | $768.2M |
| Long-Term Debt | $570.9M+0.1% | $570.6M+0.1% | $570.3M+0.1% | $570.0M+0.1% | $569.7M0.0% | $569.4M0.0% | $569.2M0.0% | $568.9M |
| Total Equity | $1.3B+61.4% | $791.0M-11.2% | $891.1M-8.3% | $971.4M+4.8% | $927.2M+7.9% | $859.1M+5.9% | $811.5M+6.9% | $759.4M |
| Retained Earnings | -$732.0M+37.3% | -$1.2B+0.7% | -$1.2B-4.6% | -$1.1B-2.2% | -$1.1B-1.5% | -$1.1B-1.6% | -$1.1B-2.4% | -$1.0B |
ESTC Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $152.7M+257.3% | $42.7M+60.6% | $26.6M-74.6% | $104.8M+20.5% | $87.0M-1.2% | $88.1M+129.5% | $38.4M-27.3% | $52.8M |
| Capital Expenditures | $2.9M+209.3% | $936K+54.7% | $605K-7.8% | $656K-69.0% | $2.1M+176.4% | $766K+7.1% | $715K-4.3% | $747K |
| Free Cash Flow | $149.8M+258.4% | $41.8M+60.7% | $26.0M-75.0% | $104.2M+22.8% | $84.9M-2.8% | $87.3M+131.8% | $37.7M-27.6% | $52.0M |
| Investing Cash Flow | -$95.7M-214.8% | $83.3M-60.1% | $208.8M+222.5% | -$170.4M-680.6% | $29.3M+118.5% | -$158.8M-1211.3% | $14.3M+505.9% | -$3.5M |
| Financing Cash Flow | -$25.2M+86.8% | -$190.4M-96.2% | -$97.0M-29866.0% | $326K-98.5% | $22.5M+1412.1% | $1.5M-87.9% | $12.2M+158.1% | $4.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $40.0M-79.0% | $190.9M | N/A | N/A | $0 | $0 | N/A | N/A |
ESTC Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.4%-1.0pp | 76.3%+0.4pp | 75.9%-0.8pp | 76.7%+1.9pp | 74.8%+0.3pp | 74.6%+0.1pp | 74.5%+0.9pp | 73.6% |
| Operating Margin | -3.6%-3.8pp | 0.1%+2.1pp | -1.9%+0.3pp | -2.3%+0.8pp | -3.1%-1.9pp | -1.2%0.0pp | -1.2%+8.5pp | -9.7% |
| Net Margin | 96.7%+95.0pp | 1.7%+13.8pp | -12.1%-6.2pp | -5.9%-1.7pp | -4.2%+0.2pp | -4.5%+2.5pp | -7.0%+7.2pp | -14.2% |
| Return on Equity | 34.2%+33.2pp | 1.0%+6.7pp | -5.8%-3.2pp | -2.5%-0.8pp | -1.8%+0.2pp | -2.0%+1.1pp | -3.1%+3.3pp | -6.5% |
| Return on Assets | 13.8%+13.5pp | 0.3%+2.4pp | -2.1%-1.1pp | -1.0%-0.3pp | -0.6%+0.1pp | -0.7%+0.4pp | -1.1%+1.1pp | -2.3% |
| Current Ratio | 1.68-0.1 | 1.82-0.2 | 1.97-0.1 | 2.09+0.2 | 1.92-0.1 | 2.02+0.0 | 1.99+0.1 | 1.91 |
| Debt-to-Equity | 0.45-0.3 | 0.72+0.1 | 0.64+0.1 | 0.59-0.0 | 0.61-0.0 | 0.66-0.0 | 0.70-0.0 | 0.75 |
| FCF Margin | 33.2%+23.9pp | 9.3%+3.1pp | 6.1%-18.9pp | 25.1%+3.2pp | 21.9%-1.0pp | 22.9%+12.5pp | 10.3%-4.7pp | 15.0% |
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Frequently Asked Questions
What is Elastic N.V.'s annual revenue?
Elastic N.V. (ESTC) reported $1.7B in total revenue for fiscal year 2026. This represents a 17.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Elastic N.V.'s revenue growing?
Elastic N.V. (ESTC) revenue grew by 17.3% year-over-year, from $1.5B to $1.7B in fiscal year 2026.
Is Elastic N.V. profitable?
Yes, Elastic N.V. (ESTC) reported a net income of $367.8M in fiscal year 2026, with a net profit margin of 21.1%.
What is Elastic N.V.'s EBITDA?
Elastic N.V. (ESTC) had EBITDA of -$21.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Elastic N.V. have?
As of fiscal year 2026, Elastic N.V. (ESTC) had $768.7M in cash and equivalents against $570.9M in long-term debt.
What is Elastic N.V.'s gross margin?
Elastic N.V. (ESTC) had a gross margin of 76.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Elastic N.V.'s operating margin?
Elastic N.V. (ESTC) had an operating margin of -1.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Elastic N.V.'s net profit margin?
Elastic N.V. (ESTC) had a net profit margin of 21.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Elastic N.V.'s return on equity (ROE)?
Elastic N.V. (ESTC) has a return on equity of 28.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Elastic N.V.'s free cash flow?
Elastic N.V. (ESTC) generated $321.8M in free cash flow during fiscal year 2026. This represents a 22.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Elastic N.V.'s operating cash flow?
Elastic N.V. (ESTC) generated $326.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Elastic N.V.'s total assets?
Elastic N.V. (ESTC) had $3.2B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Elastic N.V.'s capital expenditures?
Elastic N.V. (ESTC) invested $5.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Elastic N.V. spend on research and development?
Elastic N.V. (ESTC) invested $451.9M in research and development during fiscal year 2026.
What is Elastic N.V.'s current ratio?
Elastic N.V. (ESTC) had a current ratio of 1.68 as of fiscal year 2026, which is generally considered healthy.
What is Elastic N.V.'s debt-to-equity ratio?
Elastic N.V. (ESTC) had a debt-to-equity ratio of 0.45 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Elastic N.V.'s return on assets (ROA)?
Elastic N.V. (ESTC) had a return on assets of 11.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Elastic N.V.'s Piotroski F-Score?
Elastic N.V. (ESTC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Elastic N.V.'s earnings high quality?
Elastic N.V. (ESTC) has an earnings quality ratio of 0.89x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Elastic N.V. cover its interest payments?
Elastic N.V. (ESTC) has an interest coverage ratio of -1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Elastic N.V.?
Elastic N.V. (ESTC) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.