Elastic
ESTC · NYSEServices-Prepackaged Software · Fiscal year ends Apr 30
Elastic reported revenue of $1.7B in the fiscal year ended Apr 2026, up 17.3% from the year before. Operating income was −$33M, an operating margin of −1.9%, and net income was $368M. Operating cash flow of $327M less capital expenditure of $5M left free cash flow of $322M. It held more cash than debt (net cash $198M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Revenue | $862M | $1.1B | $1.3B | $1.5B | $1.7B |
| Cost of revenue | $232M | $297M | $330M | $380M | $416M |
| Gross profit | $630M | $772M | $937M | $1.1B | $1.3B |
| Research & development | $274M | $313M | $342M | $366M | $452M |
| Operating income | −$174M | −$219M | −$130M | −$55M | −$33M |
| Interest expense | $21M | $25M | $26M | $25M | $25M |
| Pre-tax income | −$198M | −$217M | −$123M | −$32M | −$2M |
| Income tax | $6M | $19M | −$184M | $77M | −$370M |
| Net income | −$204M | −$236M | $62M | −$108M | $368M |
| Diluted EPS | −2.20 | −2.47 | 0.59 | −1.04 | 3.43 |
| Diluted shares | 93M | 96M | 104M | 104M | 107M |
Balance sheet
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $861M | $644M | $540M | $728M | $769M |
| Receivables | $215M | $261M | $323M | $376M | $464M |
| Current assets | $1.2B | $1.3B | $1.5B | $1.9B | $2B |
| Net PP&E | $7M | $5M | $5M | $7M | $9M |
| Goodwill | $304M | $304M | $319M | $319M | $356M |
| Total assets | $1.6B | $1.7B | $2.2B | $2.6B | $3.2B |
| Payables | $28M | $35M | $26M | $17M | $9M |
| Deferred revenue | $432M | $529M | $664M | $802M | $974M |
| Current liabilities | $593M | $717M | $871M | $1B | $1.2B |
| Long-term debt | $567M | $568M | $569M | $570M | $571M |
| Total liabilities | $1.2B | $1.3B | $1.5B | $1.7B | $1.9B |
| Shareholders' equity | $415M | $399M | $738M | $927M | $1.3B |
| Backlog (remaining obligations) | $932M | $1.1B | $1.4B | $1.5B | $2B |
Cash flow
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $6M | $36M | $149M | $266M | $327M |
| Capital expenditure | $2M | $3M | $3M | $4M | $5M |
| Free cash flow | $3M | $33M | $145M | $262M | $322M |
| Depreciation & amortisation | $4M | $4M | $4M | $3M | $3M |
| Stock-based compensation | $3M | $204M | $239M | $258M | $298M |
| Acquisitions | $120M | $0 | $19M | $0 | $37M |
| Share buybacks | – | – | $0 | $0 | $340M |
Key ratios
| Fiscal year | Apr 2022 | Apr 2023 | Apr 2024 | Apr 2025 | Apr 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 24.0% | 18.6% | 17.0% | 17.3% |
| EPS growth (YoY) | – | – | – | −276.3% | – |
| Gross margin | 73.1% | 72.3% | 74.0% | 74.4% | 76.1% |
| Operating margin | −20.1% | −20.5% | −10.3% | −3.7% | −1.9% |
| Net margin | −23.6% | −22.1% | 4.9% | −7.3% | 21.1% |
| Return on equityBlank when equity is negative | −49.1% | −59.2% | 8.4% | −11.7% | 28.8% |
| ROCEEBIT ÷ (assets − current liabilities) | −16.5% | −21.3% | −9.5% | −3.5% | −1.7% |
| Free cash flow margin | 0.4% | 3.1% | 11.5% | 17.7% | 18.5% |
| Cash conversion (CFO ÷ net income) | −0.03x | −0.15x | 2.41x | −2.46x | 0.89x |
| Receivable days | 91 | 89 | 93 | 92 | 97 |
| Payable days | 45 | 43 | 29 | 16 | 8 |
| Interest cover | −8.38x | −8.71x | −4.97x | −2.17x | −1.33x |
| Debt ÷ equity | 1.36x | 1.42x | 0.77x | 0.61x | 0.45x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$294M | −$77M | $28M | −$158M | −$198M |
| Current ratio | 1.96x | 1.78x | 1.76x | 1.92x | 1.68x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.