Elastic N.V. (ESTC) Stock Analysis
Technology · Software - Application · NYSE
Elastic N.V. (ESTC) posted $1.74B in revenue for fiscal 2026 (up 17.3% year over year), at a 21.1% net margin, and has compounded revenue about 23.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Elastic N.V.
Elastic N.V. has grown revenue from $88.18M to $1.74B over the last 10 fiscal years, compounding about 23.4% a year. The most recent year was up 17.3%, so growth has cooled from its longer-run pace.
Net margin sits at 21.1%, up 28.4 points year over year on a 76.1% gross margin. It carries about $570.89M of total debt.
At today's valuation the market is pricing in roughly 7.2% annual free-cash-flow growth — versus the 76.8% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven.
Synthesised from Elastic N.V.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Elastic N.V. revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.18M | $159.94M | $271.65M | $427.62M | $608.49M | $862.37M | $1.07B | $1.27B | $1.48B | $1.74B |
| Gross profit | $68.33M | $119.19M | $193.64M | $304.93M | $447.44M | $630.18M | $772.36M | $937.24M | $1.10B | $1.32B |
| Net income | $-51.97M | $-52.73M | $-102.30M | $-167.17M | $-129.43M | $-203.85M | $-236.16M | $61.72M | $-108.11M | $367.77M |
| Net margin | -58.9% | -33.0% | -37.7% | -39.1% | -21.3% | -23.6% | -22.1% | 4.9% | -7.3% | 21.1% |
Source: Elastic N.V. SEC filings (10-K).
Elastic N.V.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into ESTC stock?
At today's market cap of $6.21B, Elastic N.V. is priced for free-cash-flow growth of about 7.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $321.80M from the FY ending 2026-04-30). For comparison, free cash flow actually grew 76.8%/yr over the last five fiscal years and revenue 23.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 10 years of Elastic N.V. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track ESTC in your portfolio →
Elastic N.V. financial history by metric
About Elastic N.V.
Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. It primarily offers Elasticsearch Platform, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. The company also provides Elastic search product a distributed, real-time vector database and analytics engine and data store for all types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the platforms; Search & AI, a platform with retrieval algorithms and the ability to integrate with large language models; and elastic security, a security solution that provides unified protection to prevent, detect, and respond to threats. In addition, it offers Elastic Observability, a solution that brings unified datastore, including Logs analytics to search, analyze, and visualize petabytes of structured and unstructured logs; infrastructure monitoring to gain visibility across cloud, on-premises, Kubernetes, serverless, and hosts; Application Performance Monitoring to support native production-grade; digital experience monitoring; large language models; and Elastic Cloud, a cloud-based subscription offering such as Elastic Cloud Hosted and Elastic Cloud Serverless. The company was incorporated in 2012 and is based in Amsterdam, the Netherlands.
Elastic N.V. — frequently asked questions
What is Elastic N.V.'s revenue?
Elastic N.V. (ESTC) reported revenue of $1.74B for fiscal year 2026, up 17.3% from the prior year, according to its SEC filings.
Is Elastic N.V. profitable?
Yes. ESTC earned net income of $367.77M in fiscal 2026, a net margin of 21.1%.
What is ESTC's P/E ratio?
Elastic N.V. trades at a price-to-earnings ratio of about 17.4 based on the latest data in our nightly-refreshed cache.
How fast is Elastic N.V. growing?
ESTC's revenue grew at roughly 23.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Elastic N.V. have?
As of fiscal year 2026, ESTC carried roughly $570.89M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Elastic N.V.'s gross margin?
ESTC's gross margin was 76.1% in fiscal 2026 — gross profit of $1.32B on revenue of $1.74B.
What is Elastic N.V.'s market cap?
Elastic N.V. (ESTC) has a market capitalization of about $6.21B, based on the latest data in our nightly-refreshed cache.
When does Elastic N.V.'s fiscal year end?
ESTC's fiscal year ends in April. Its most recent annual filing covers the fiscal year ending 2026-04-30.
What growth is priced into ESTC stock?
At today's market cap of $6.21B, Elastic N.V. is priced for free-cash-flow growth of about 7.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $321.80M from the FY ending 2026-04-30). For comparison, free cash flow actually grew 76.8%/yr over the last five fiscal years and revenue 23.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Elastic N.V.'s official SEC filings (10-K and 10-Q), covering 10 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.