Company Analysis

Elastic N.V. (ESTC)

NYSE: ESTC · Services-Prepackaged Software · Amsterdam, NL · filing with the SEC since 2017
Grade6.3
◀ Past 6.5● Present 6.3▶ Future 6.2

The grade of Elastic N.V.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past6.525% of the headline
● Present6.335% of the headline
▶ Future6.240% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Elastic N.V.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.9/10

What has it actually done, year after year?

+39.3% a year over 10 filed years; profitable in 2 of 10.

weight 45% of this tense · 69th percentile among 213 sector filers · read for its customers

From the record

Elastic N.V.'s 10 filed years say what it did: revenue went from $88 million in fiscal 2017 to $1.7 billion in fiscal 2026, up 39.3% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 2 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span39.3%top 17% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profitbottom 46% of its family
  • the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.3/10

How has it treated the people who own it?

Share count grew 3.9% a year. 46% of cash flow returned. Insiders: 63 sales, 3 purchases.

weight 33% of this tense · 53rd percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-04-30, Elastic N.V.'s diluted share count grew about 3.9% a year, and dividends and buybacks returned about 46% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 63 sales (4 under scheduled 10b5-1 plans) and 3 purchases of their own stock on the open market in the year to 2026-10-19, buying about $710 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 44% of its family
  • cash returned against operating cash flowtop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.9/10

Is it financially healthy right now?

ROE 29%: 29¢ of profit per shareholder dollar. Leverage 60%: owes 60¢ per asset dollar.

weight 45% of this tense · 59th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-04-30, Elastic N.V. earned about 29 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 42 cents per dollar of everything the company owns. Leverage: it owed about 60 cents per dollar of assets, and net share issuance: its share count grew 3.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 34% of its family
  • return on equitytop 11% of its family
  • gross profit against assetstop 33% of its family
  • the share count against the year beforebottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.8/10

How strong is its position in its industry?

top 22% of 218 in its family; net margin 21.1%.

weight 33% of this tense · 78th percentile among 218 sector filers · read for its customers

From the record

Elastic N.V.'s standing among 218 graded names in its industry family: revenue of $1.7 billion in fiscal 2026 ranks in the top 20% by size; a net margin of 21.1% ranks in the top 12%; revenue growth of 17.6% a year over the last 3 filed years ranks in the top 34% (its annual reports).

What it rests on

  • revenue against the family$1.74Btop 20% of its family
  • net margin21.1%top 12% of its family
  • three-year revenue growth17.6%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.7/10

What are the people in charge doing?

bottom 47% of 139 in its family for leadership; chief executive since 2022.

weight 22% of this tense · 47th percentile among 139 sector filers · read for its shareholders

From the record

Elastic N.V.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kulkarni, Ashutosh (Chief Executive Officer, as filed), filing under that title since 2022-03-10, 4.7 years (top 50% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 4.8 years (bottom 37%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 46%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 14 peopletop 46% of its family
  • the median years the people in charge have filed4.8 yearsbottom 37% of its family
  • the chief executive's years on the record4.7 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.2/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.7/10

How much room does it have to grow?

top 44% of 216 in its family for room to expand.

weight 22% of this tense · 56th percentile among 216 sector filers · read for itself

From the record

Elastic N.V.'s room to grow, from the newest filed statements (fiscal 2026): cash of $769 million against debt of $571 million leaves 6.3% of its assets as net cash, bottom 35% of its family; cash from operations less capital spending is 18.5% of revenue (top 41%); a gross margin of 76.1% (top 34%); research spending of 26% of revenue (top 34%) (its annual report).

What it rests on

  • cash less debt against assets6.3%bottom 35% of its family
  • cash from operations less capital spending against revenue18.5%top 41% of its family
  • gross margin76.1%top 34% of its family
  • research spending against revenue26.0%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.5/10

What could actually drive growth from here?

top 45% of 213 in its family for growth drivers.

weight 45% of this tense · 55th percentile among 213 sector filers · read for its customers

From the record

Elastic N.V.'s growth drivers, from the filed years to fiscal 2026: revenue grew 17.6% a year over the last three filed years against 39.3% over all 10, slowing (bottom 16% of its family); the newest year grew 17.3% (top 39%); research spending grew 13% a year (top 35%); capital spending grew 23.8% a year (top 24%) (its annual reports). Elastic N.V. reported 4 product lines in fiscal 2026: Self Managed Subscription at $797 million (46%), Saa S Self Managed Annual at $641 million (37%), Saa S Self Managed Monthly at $196 million (11%), and 1 more; 4 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-21.7 points a yearbottom 16% of its family
  • the newest year's revenue growth17.3%top 39% of its family
  • three-year growth of research spending13.0%top 35% of its family
  • three-year growth of capital spending23.8%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.6/10

Did its newest year beat what its own record pointed to?

top 24% of 194 in its family for expectations against reality.

weight 33% of this tense · 76th percentile among 194 sector filers · read for its shareholders

From the record

Elastic N.V.'s newest year against its own record: revenue of $1.7 billion in fiscal 2026 came in 0.4% below the $1.7 billion its prior three years' pace pointed to (top 49% of its family); net income of $368 million against a prior three-year average of $94 million (top 2%); a net margin of 21.1% against -8.2% before (top 21%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-0.4%top 49% of its family
  • net income against the prior three years' average+491%top 2% of its family
  • net margin against its prior average+29.3 pointstop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ESTC · research, not advice