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Elastic N.V.

ESTC Technology Software Application

Elastic N.V.’s revenue for fiscal 2026 (year ended April 2026) was $1.7 billion, up 17.3% from fiscal 2025. In the quarter to July 2026, revenue grew 15.1%, EPS grew 30.4%, free cash flow grew 26.1% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

97.52 5.78 −5.60%
Market cap
$11.0B
P/E
27.0×
Fwd P/E
396×
Dividend yield
—
F-score
5/9
Altman Z
2.07
Beneish M
−2.03
Dividend safety
n/a
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions trades per month

Total buys 0.71
Total sells 436.16
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — — — — — — — — — —
Sell — 10 1 — 7 — — 7 — 1 10 3
Insider Ownership 8.27%

Capital & Financial Ratios $m

Market Cap 10,950.00
Revenue 1,802.16
Net Income 375.64
Free Cash Flow 349.04
Net Debt (891.81)
Current Ratio 1.81 (at or above 1.5: strong)
Debt/Equity 0.44 (at or below 0.5: strong)
P/E ratio 27.01
Fwd P/E 396.00 (above 35: high)
P/S ratio 5.66
P/B ratio 7.87 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 30.71% (at or above 15%: strong)
Next Y EPS Growth 17.72% (at or above 15%: strong)
Next Y revenue growth 15.27% (at or above 10%: strong)
Next 5Y EPS Growth 22.81% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.2×, against a ten-year median of 8.2×; over the ten years it ranged from 2.4× in 2026 to 26.2× in 2019.
P/S against its own 10 years 19.60%
10-year low 10-year high
P/B against its own 10 years 8.31%
10-year low 10-year high
EV/Sales against its own 10 years 18.41%
10-year low 10-year high
EV/FCF against its own 10 years 22.35%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,087 1,401 1,372 1,463
Receivables 323 376 464 236
Inventory — — — —
Other — — — —
1,531 1,931 2,023 1,878
2024 2025 2026 Q'26
Payables 26 17 9 14
ST’ Debt — — — —
Other — — — —
871 1,008 1,205 1,037

Compound Annual Growth %

10y 5y 3y
Sales — 23.37% 17.62%
Cash Flow — 70.71% 109.28%
Earnings — 0.00% 0.00%
Book Value — 23.14% 47.36%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.58 Actual 0.70

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.58 0.64 Beat by 0.06
Q3 FY26 0.64 0.73 Beat by 0.09
Q4 FY26 0.56 0.61 Beat by 0.05
Q1 FY27 0.58 0.70 Beat by 0.12
Q2 FY27 0.81 — Reports 19 November 2026

EPS $

Jul Oct Jan Apr Year
’26 (0.16) — — — —
’26 (0.23) (0.48) 0.07 4.14 3.43
’25 (0.48) (0.25) (0.16) (0.16) (1.04)
’24 (0.50) (0.25) 1.69 (0.41) 0.59
’23 (0.74) (0.50) (0.76) (0.48) (2.47)
’22 (0.38) (0.51) (0.61) (0.70) (2.20)
’21 (0.23) (0.34) (0.43) (0.48) (1.48)
Fiscal quarters ending in the months shown.

Revenue $m

Jul Oct Jan Apr Year
’26 478 — — — —
’26 415 423 450 451 1,739
’25 347 365 382 388 1,483
’24 294 311 328 335 1,267
’23 250 264 275 280 1,069
’22 193 206 224 239 862
’21 129 145 157 178 608
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jul Oct Jan Apr Year
’26 132 — — — —
’26 105 27 43 153 327
’25 53 38 88 87 266
’24 38 (2) 52 61 149
’23 (10) 11 7 28 36
’22 14 (10) 5 (3) 6
’21 22 (17) 19 (2) 23
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jul Oct Jan Apr Year
’26 131 — — — —
’26 104 26 42 150 322
’25 52 38 87 85 262
’24 37 (3) 51 60 145
’23 (10) 10 7 26 33
’22 12 (12) 3 (5) (2)
’21 22 (19) 18 (3) 18
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to April

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Price, $
Price, $ Low — 58.55 60.10 39.01 97.89 48.64 46.18 69.00 68.10 42.05 (4.1%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High — 83.84 104.10 159.95 189.84 124.25 118.24 136.06 118.84 108.00 +3.2% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees — 994 1,442 1,936 2,179 2,978 2,886 3,187 3,537 4,019 +19.1% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.00 0.16 0.19 0.22 0.28 0.29 0.37 0.40 0.42 0.43 n/m ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 88 160 272 428 608 862 1,069 1,267 1,483 1,739 +39.3% 2,005 2,300 2,637 +14.9%
Gross margin, % 77.49 74.53 71.28 71.31 73.53 73.08 72.25 73.95 74.39 76.07 (1.4) pt
EBT (48) (49) (98) (169) (122) (198) (217) (123) (32) (2) (28.6%)
EBT margin, % (54.16) (30.86) (36.04) (39.55) (20.00) (22.94) (20.29) (9.69) (2.13) (0.13) +54.0 pt
Net income (52) (53) (102) (167) (129) (204) (236) 62 (108) 368 n/m
Depreciation 12 18 27 41 58 81 89 89 103 121 +29.8%
Per share, $
Per share, $ Revenue 2.90 4.99 4.95 5.43 6.98 9.32 11.17 12.72 14.31 16.51 +21.3%
Earnings (1.71) (1.65) (1.86) (2.12) (1.48) (2.20) (2.47) 0.62 (1.04) 3.49 n/m
Cash flow (0.53) (0.65) (0.44) (0.39) 0.26 0.06 0.37 1.49 2.57 3.10 n/m
Capex (0.03) (0.09) (0.06) (0.06) (0.05) (0.08) (0.03) (0.03) (0.04) (0.05) +6.3%
Free cash flow (0.56) (0.74) (0.50) (0.45) 0.21 (0.02) 0.34 1.46 2.53 3.06 n/m
Book value 0.00 (4.79) 4.79 5.25 5.17 4.49 4.17 7.41 8.94 12.12 n/m
Shares, m 30 32 55 79 87 93 96 100 104 105 +14.8%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 170.37 0.00 13.12 18.3
P/S 0.00 0.00 17.29 11.82 17.29 8.30 5.06 8.04 6.02 2.81 7.7
P/B 0.00 0.00 17.86 12.22 23.33 17.24 13.55 13.80 9.64 3.83 11.1
EV/Sales 0.00 0.00 16.18 11.18 16.66 7.96 4.73 7.63 5.46 2.35 7.2
EV/FCF (121.52) (121.52) (160.52) (134.24) 553.35 (3,933.10) 153.28 66.53 30.95 12.71 (365.4)
Cash, $m
Cash, $m Operating cash flow (16) (21) (24) (31) 23 6 36 149 266 327 n/m
Capex (1) (3) (3) (5) (4) (7) (3) (3) (4) (5) +22.1%
Free cash flow (17) (24) (27) (36) 18 (2) 33 145 262 322 n/m
Balance, $m
Balance, $m Working capital 50 7 226 147 187 570 558 660 923 818 +36.5%
Total debt — — — 28 20 567 568 569 570 571 +65.3%
Net debt (75) (52) (300) (271) (384) (297) (350) (518) (831) (801) +30.1%
Shareholders’ equity — (154) 263 414 451 415 399 738 927 1,277 n/m
Returns, %
Returns, % ROA (31.75) (57.62) (30.60) (25.93) (14.57) (15.58) (13.95) 3.10 (4.47) 12.80 +44.6 pt
ROIC 0.00 0.00 0.00 (75.17) (120.56) (91.75) (280.94) (36.95) (35.74) (4.40) (4.4) pt
ROE 36.85 37.39 (186.88) (49.41) (29.95) (47.06) (58.00) 10.86 (12.98) 33.38 (3.5) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Apr 2026 · latest quarter Jul 2026

Elastic N.V. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FROG JFrog Ltd. $12.2B — (loss-making) — (loss-making) +28.73% (above 0%: growing) n/m +51.58% (above 0%: growing) 77.93% (8.09%) Compare
BSY Bentley Systems, Incorporated $12.0B 43.9× 37.9× +12.80% (above 0%: growing) +13.64% (above 0%: growing) +11.94% (above 0%: growing) 81.99% 21.57% Compare
HUBS HubSpot, Inc. $12.0B 83.1× 72.8× +19.83% (above 0%: growing) n/m +44.84% (above 0%: growing) 82.35% 4.75% Compare
FIG Figma, Inc. $11.9B — (loss-making) — (loss-making) +48.25% (above 0%: growing) n/m −16.79% (below 0%: shrinking) 83.66% (31.69%) Compare
PAYC Paycom Software, Inc. $11.5B 27.8× 25.7× +9.84% (above 0%: growing) +47.17% (above 0%: growing) +212.66% (above 0%: growing) 83.23% 31.72% Compare
GRAB Grab Holdings Limited $11.3B 19.4× 19.7× +21.73% (above 0%: growing) +500.00% (above 0%: growing) −40.38% (below 0%: shrinking) 43.63% 1.91% Compare
ESTC Elastic N.V. $11.0B 27.0× 396× +15.13% (above 0%: growing) n/m +26.14% (above 0%: growing) 74.50% (4.93%)
CHYM Chime Financial, Inc. $10.9B — (loss-making) 63.6× +26.81% (above 0%: growing) n/m +749.07% (above 0%: growing) 88.82% 3.18% Compare
QNT Quantinuum Inc. $9.9B — — — n/m — (28.93%) (6,939.56%) Compare
Median of peers $11.7B 35.9× 37.9× +21.73% +47.17% +44.84% 82.17% 2.55%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 28 August 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 9.71m 3.68m 38.00
2024 5.87m 1.53m 71.00

Ownership

Directors and executive officers, together 12.70%
Shay Banon 6.20%
AQR Capital Management, LLC 5.80%
Steven Schuurman 5.70%
Vanguard Portfolio Management 5.30%
Pictet Asset Management SA 5.10%
BlackRock, Inc. 5.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Elastic N.V. (ESTC) Latest News

26 Oct

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31 Aug

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29 Aug

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28 Aug

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stockrow.com/ESTC · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com