ESTC NYSE Services-Prepackaged Software Financials FY2017βFY2026
Elastic N.V. had $1.7B of revenue in fiscal 2026, up 17.3% on the year before. Over five years, revenue changed +23.4% a year on average.
Last close Β· Oct 23, 2026
$102.43
4.3%Hi! I read Elastic N.V.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+17.3%
Yes. Sales grew 17.3% last year.
Does it make a profit?
21.1%
Yes. It keeps 21.1% of every sale as profit.
Does profit turn into cash?
18.5%
Yes. 18.5% of sales ends up as free cash.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
29.3x
One share costs 29.3 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Elastic N.V. had $1.7B of revenue in fiscal 2026, up 17.3% on the year before. Over five years, revenue changed +23.4% a year on average. Its operating margin was β1.9%, up 1.8Β pts: of every 100 in sales, about β2 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Elastic N.V. made $368M of net profit in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $322M in fiscal 2026, 18.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Elastic N.V. returned $340M to shareholders in fiscal 2026, 106% of free cash flow. The diluted share count rose 3.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.7M and sold $436M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.7M
1 insider
Sold, 12 months
$436M
8 insiders
Of sales under plans
0%
$0.5M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 12, 2026 | Steven SchuurmanDirector | Sold | 2,000,000 | $94.15 | $188M | Form 4 |
| Oct 5, 2026 | Steven SchuurmanDirector | Sold | 1,500,000 | $90.13 | $135M | Form 4 |
| Oct 2, 2026 | Mark Eugene DoddsChief Revenue Officer | Sold | 10,000 | $92.58 | $0.9M | Form 4 |
| Sep 14, 2026 | Shay BanonChief Technology Officer, Director | Sold | 84,207 | $84.64 | $7.1M | Form 4 |
| Sep 10, 2026 | Shay BanonChief Technology Officer, Director | Sold | 6,201 | $85.19 | $0.5M | Form 4 |
| Sep 9, 2026 | Mark Eugene DoddsChief Revenue Officer | Sold | 9,673 | $87.78 | $0.8M | Form 4 |
| Sep 9, 2026 | Navam WelihindaChief Financial Officer | Sold | 8,961 | $87.78 | $0.8M | Form 4 |
| Sep 9, 2026 | Jane E BoneGVP & CAO | Sold | 1,542 | $87.78 | $0.1M | Form 4 |
| Sep 9, 2026 | Carolyn HerzogChief Legal Officer | Sold | 5,485 | $87.78 | $0.5M | Form 4 |
| Sep 9, 2026 | Shay BanonChief Technology Officer, Director | Sold | 155,586 | $86.82 | $13.5M | Form 4 |
| Sep 9, 2026 | Ashutosh KulkarniChief Executive Officer, Director | Sold | 29,227 | $87.78 | $2.6M | Form 4 |
| Sep 4, 2026 | Shay BanonChief Technology Officer, Director | Sold | 80,583 | $92.65 | $7.5M | Form 4 |
| Sep 3, 2026 | Shay BanonChief Technology Officer, Director | Sold | 203,702 | $94.07 | $19.2M | Form 4 |
| Sep 2, 2026 | Shay BanonChief Technology Officer, Director | Sold | 165,171 | $90.26 | $14.9M | Form 4 |
| Sep 1, 2026 | Carolyn HerzogChief Legal Officer | Sold | 10,000 | $93.67 | $0.9M | Form 4 |
| Sep 1, 2026 | Shay BanonChief Technology Officer, Director | Sold | 111,127 | $92.60 | $10.3M | Form 4 |
| Sep 1, 2026 | Jane E BoneGVP & CAO | Sold | 4,176 | $93.48 | $0.4M | Form 4 |
| Aug 31, 2026 | Shay BanonChief Technology Officer, Director | Sold | 200,000 | $96.47 | $19.3M | Form 4 |
| Jun 9, 2026 | Shay BanonChief Technology Officer, Director | Sold | 9,288 | $60.61 | $0.6M | Form 4 |
| Jun 9, 2026 | Navam WelihindaChief Financial Officer | Sold | 12,961 | $60.61 | $0.8M | Form 4 |
| Jun 9, 2026 | Mark Eugene DoddsChief Revenue Officer | Sold | 18,439 | $60.61 | $1.1M | Form 4 |
| Jun 9, 2026 | Ashutosh KulkarniChief Executive Officer, Director | Sold | 40,373 | $60.61 | $2.4M | Form 4 |
| Jun 9, 2026 | Ken ExnerChief Product Officer | Sold | 18,449 | $60.61 | $1.1M | Form 4 |
| Jun 9, 2026 | Carolyn HerzogChief Legal Officer | Sold | 9,485 | $60.61 | $0.6M | Form 4 |
| Jun 9, 2026 | Jane E BoneGVP & CAO | Sold | 1,104 | $60.61 | $0.1M | Form 4 |
| Mar 9, 2026 | Mark Eugene DoddsChief Revenue Officer | Sold | 3,723 | $52.28 | $0.2M | Form 4 |
| Mar 9, 2026 | Ashutosh KulkarniChief Executive Officer, Director | Sold | 17,756 | $52.28 | $0.9M | Form 4 |
| Mar 9, 2026 | Carolyn HerzogChief Legal Officer | Sold | 3,989 | $52.28 | $0.2M | Form 4 |
| Mar 9, 2026 | Navam WelihindaChief Financial Officer | Sold | 3,240 | $52.28 | $0.2M | Form 4 |
| Mar 9, 2026 | Ken ExnerChief Product Officer | Sold | 4,310 | $52.28 | $0.2M | Form 4 |
| Mar 9, 2026 | Jane E BoneGVP & CAO | Sold | 887 | $52.28 | $0.0M | Form 4 |
| Mar 9, 2026 | Shay BanonChief Technology Officer, Director | Sold | 4,283 | $52.28 | $0.2M | Form 4 |
| Jan 9, 2026 | Jane E BoneGVP & CAO | Sold | 1,187 | $80.31 | $0.1M | Form 4 |
| Dec 15, 2025 | Ashutosh KulkarniChief Executive Officer, Director | Sold plan | 5,000 | $74.60 | $0.4M | Form 4 |
| Dec 10, 2025 | Navam WelihindaChief Financial Officer | Sold plan | 1,046 | $74.51 | $0.1M | Form 4 |
| Dec 9, 2025 | Shay BanonChief Technology Officer, Director | Sold | 4,552 | $75.05 | $0.3M | Form 4 |
| Dec 9, 2025 | Ken ExnerChief Product Officer | Sold | 6,544 | $75.05 | $0.5M | Form 4 |
| Dec 9, 2025 | Jane E BoneGVP & CAO | Sold | 2,408 | $75.05 | $0.2M | Form 4 |
| Dec 9, 2025 | Navam WelihindaChief Financial Officer | Sold | 4,327 | $75.05 | $0.3M | Form 4 |
| Dec 9, 2025 | Carolyn HerzogChief Legal Officer | Sold | 5,353 | $75.05 | $0.4M | Form 4 |
| Dec 9, 2025 | Ashutosh KulkarniChief Executive Officer, Director | Sold | 20,413 | $75.05 | $1.5M | Form 4 |
| Dec 9, 2025 | Mark Eugene DoddsChief Revenue Officer | Sold | 5,198 | $75.05 | $0.4M | Form 4 |
| Dec 5, 2025 | Mark Eugene DoddsChief Revenue Officer | Sold | 5,800 | $74.60 | $0.4M | Form 4 |
| Dec 1, 2025 | Paul R. Auvil IIIDirector | Bought | 10,000 | $71.02 | $0.7M | Form 4 |
| Oct 13, 2025 | Jane E BoneGVP & CAO | Sold | 1,250 | $87.22 | $0.1M | Form 4 |
| Oct 6, 2025 | Navam WelihindaChief Financial Officer | Sold plan | 1,256 | $84.58 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Elastic N.V. has $799M more cash than debt.
Cash, debt and the ratios that show how comfortably Elastic N.V. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $861M | $644M | $1.1B | $1.4B | $1.4B |
| Debt incl. finance leases | $567M | $568M | $569M | $570M | $571M |
| Debt / equity | 1.4x | 1.4x | 0.8x | 0.6x | 0.4x |
| Interest coverage | β8.4x | β8.7x | β5.0x | β2.2x | β1.3x |
| Current ratio | 2.0x | 1.8x | 1.8x | 1.9x | 1.7x |
| Quick ratio | 2.0x | 1.8x | 1.8x | 1.9x | 1.7x |
| Total assets | $1.6B | $1.7B | $2.2B | $2.6B | $3.2B |
| Total liabilities | $1.2B | $1.3B | $1.5B | $1.7B | $1.9B |
| Shareholders' equity | $415M | $399M | $738M | $927M | $1.3B |
| Net debt (β = net cash) | β$294M | β$76.6M | β$516M | β$828M | β$799M |
KIRA Β· Its return on capital was β5.5%: every 100 invested in the business earned about β6 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Elastic N.V. passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 3 / 8 | 3 / 8 | 5 / 8 | 4 / 9 | 4 / 9 | 6 / 9 | 7 / 9 | 5 / 9 |
| Accruals ratio | β | β17.4% | β23.4% | β21.2% | β17.1% | β16.0% | β16.1% | β4.4% | β15.5% | 1.4% |
| Altman Z'' | β | β6.52 | 0.76 | β1.08 | β0.78 | 0.30 | β0.40 | 0.61 | 1.39 | 1.59 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $88.2M | $160M | $272M | $428M | $608M | $862M | $1.1B | $1.3B | $1.5B | $1.7B |
| Gross profit | $68.3M | $119M | $194M | $305M | $447M | $630M | $772M | $937M | $1.1B | $1.3B |
| Research and development | $32.6M | $55.6M | $101M | $165M | $199M | $274M | $313M | $342M | $366M | $452M |
| Operating income | β$47.2M | β$48.0M | β$101M | β$171M | β$129M | β$174M | β$219M | β$130M | β$54.9M | β$33.5M |
| Interest expense | β | β | β | $0.0M | $0.2M | $20.7M | $25.2M | $26.1M | $25.3M | $25.1M |
| Pretax income | β$47.8M | β$49.4M | β$97.9M | β$169M | β$122M | β$198M | β$217M | β$123M | β$31.6M | β$2.3M |
| Income tax | $4.2M | $3.4M | $4.4M | β$2.0M | $7.7M | $6.1M | $19.3M | β$184M | $76.5M | β$370M |
| Net income | β$52.0M | β$52.7M | β$102M | β$167M | β$129M | β$204M | β$236M | $61.7M | β$108M | $368M |
| Diluted EPS | β$1.71 | β$1.65 | β$1.86 | β$2.12 | β$1.48 | β$2.20 | β$2.47 | $0.59 | β$1.04 | $3.43 |
| Diluted shares | 0.03B | 0.03B | 0.05B | 0.08B | 0.09B | 0.09B | 0.10B | 0.10B | 0.10B | 0.11B |
| Cash flow | ||||||||||
| Cash from operations | β$16.1M | β$20.8M | β$23.9M | β$30.6M | $22.5M | $5.7M | $35.7M | $149M | $266M | $327M |
| Capital expenditure | $0.8M | $3.0M | $3.4M | $5.1M | $3.9M | $2.5M | $2.7M | $3.5M | $4.3M | $5.1M |
| Free cash flow | β$17.0M | β$23.8M | β$27.4M | β$35.6M | $18.6M | $3.2M | $33.0M | $145M | $262M | $322M |
| Depreciation and amortization | $3.2M | $5.1M | $5.7M | $2.8M | $3.1M | $3.9M | $3.6M | $3.5M | $3.1M | $3.0M |
| Stock-based compensation | $18.9M | $12.7M | $39.9M | $60.0M | $2.5M | $2.5M | $204M | $239M | $258M | $298M |
| Acquisitions | $4.5M | $3.7M | $2.0M | $24.4M | $0.0M | $120M | $0.0M | $19.1M | $0.0M | $36.8M |
| Share buybacks | $0.0M | $0.3M | $0.0M | $0.0M | β | β | β | $0.0M | $0.0M | $340M |
| Dividends and buybacks | $0.0M | $0.3M | $0.0M | $0.0M | β | β | β | $0.0M | $0.0M | $340M |
| Balance sheet | ||||||||||
| Cash and short-term investments | β | $50.9M | $298M | $297M | $401M | $861M | $644M | $1.1B | $1.4B | $1.4B |
| Total debt | β | β | β | β | $0.0M | $567M | $568M | $569M | $570M | $571M |
| Current assets | β | $132M | $430M | $480M | $637M | $1.2B | $1.3B | $1.5B | $1.9B | $2.0B |
| Current liabilities | β | $125M | $204M | $333M | $450M | $593M | $717M | $871M | $1.0B | $1.2B |
| Property and equipment, net | β | $4.5M | $5.4M | $7.8M | $8.9M | $7.2M | $5.1M | $5.5M | $6.6M | $8.6M |
| Goodwill | $12.1M | $19.2M | $19.8M | $198M | $199M | $304M | $304M | $319M | $319M | $356M |
| Intangible assets | β | $8.3M | $6.7M | $50.5M | $36.3M | $45.8M | $29.1M | $20.6M | $11.4M | $13.1M |
| Total assets | β | $183M | $486M | $804M | $973M | $1.6B | $1.7B | $2.2B | $2.6B | $3.2B |
| Total liabilities | β | $136M | $223M | $390M | $522M | $1.2B | $1.3B | $1.5B | $1.7B | $1.9B |
| Preferred stock | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$129M | β$154M | $263M | $414M | $451M | $415M | $399M | $738M | $927M | $1.3B |
| Margins | ||||||||||
| Gross margin | 77.5% | 74.5% | 71.3% | 71.3% | 73.5% | 73.1% | 72.3% | 74.0% | 74.4% | 76.1% |
| Operating margin | β53.5% | β30.0% | β37.3% | β40.0% | β21.3% | β20.1% | β20.5% | β10.3% | β3.7% | β1.9% |
| EBITDA margin | β49.9% | β26.8% | β35.2% | β39.4% | β20.8% | β19.7% | β20.2% | β10.0% | β3.5% | β1.8% |
| Net margin | β58.9% | β33.0% | β37.7% | β39.1% | β21.3% | β23.6% | β22.1% | 4.9% | β7.3% | 21.1% |
| FCF margin | β19.2% | β14.9% | β10.1% | β8.3% | 3.1% | 0.4% | 3.1% | 11.5% | 17.7% | 18.5% |
| Returns | ||||||||||
| Return on capital | β | β | β | β | β204.5% | β113.4% | β53.7% | β46.1% | β43.5% | β5.5% |
| Return on capital employed | β | β82.9% | β35.9% | β36.3% | β24.7% | β16.5% | β21.3% | β9.5% | β3.5% | β1.7% |
| Return on equity | β | β | β186.9% | β49.4% | β29.9% | β47.1% | β58.0% | 10.9% | β13.0% | 33.4% |
| Return on assets | β | β28.8% | β30.6% | β25.9% | β14.6% | β15.6% | β13.9% | 3.1% | β4.5% | 12.8% |
| Return on tangible equity | β | β | β43.3% | β101.1% | β60.0% | β310.1% | β357.0% | 15.5% | β18.1% | 40.5% |
| Growth | ||||||||||
| Revenue growth | β | 81.4% | 69.9% | 57.4% | 42.3% | 41.7% | 24.0% | 18.6% | 17.0% | 17.3% |
| Net income growth | β | β | β | β | β | β | β | β | β275.2% | β |
| EPS growth | β | β | β | β | β | β | β | β | β276.3% | β |
| FCF growth | β | β | β | β | β | β82.9% | 934.8% | 340.6% | 80.2% | 22.9% |
| Share count change | β | 5.5% | 71.4% | 43.6% | 10.7% | 6.1% | 3.4% | 8.6% | β0.3% | 3.4% |
| Financial health | ||||||||||
| Debt / equity | β | β | β | β | 0.0x | 1.4x | 1.4x | 0.8x | 0.6x | 0.4x |
| Interest coverage | β | β | β | β | β699.9x | β8.4x | β8.7x | β5.0x | β2.2x | β1.3x |
| Current ratio | β | 1.1x | 2.1x | 1.4x | 1.4x | 2.0x | 1.8x | 1.8x | 1.9x | 1.7x |
| Quick ratio | β | 1.1x | 2.1x | 1.4x | 1.4x | 2.0x | 1.8x | 1.8x | 1.9x | 1.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.0% | 1.9% | 1.3% | 1.2% | 0.6% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| Stock comp / revenue | 21.4% | 8.0% | 14.7% | 14.0% | 0.4% | 0.3% | 19.1% | 18.9% | 17.4% | 17.2% |
| Payouts / FCF | β | β | β | β | β | β | β | 0.0% | 0.0% | 105.7% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | 3.0 | 3.0 | 5.0 | 4.0 | 4.0 | 6.0 | 7.0 | 5.0 |
| Altman Z'' | β | β6.5 | 0.8 | β1.1 | β0.8 | 0.3 | β0.4 | 0.6 | 1.4 | 1.6 |
| Accruals ratio | β | β17.4% | β23.4% | β21.2% | β17.1% | β16.0% | β16.1% | β4.4% | β15.5% | 1.4% |
Source: SEC EDGAR XBRL filings (CIK 0001707753). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
