ESTC (Elastic N.V.) Stock Financials & Earnings | Market Cap Arena

ESTC (Elastic N.V.) Stock Financials & Earnings | Market Cap Arena

ESTCElastic N.V.

Mkt Cap$5B

Technology·Software - Application·🇺🇸 United States·NYSE

Revenue (TTM)$1.7B

Net Income (TTM)-$85M

EPS (TTM)-$0.80

Free Cash Flow (TTM)$257M

Gross Margin76.0%

Op. Margin-1.7%

Net Margin-5.0%

FCF Margin15.3%

P/S Ratio (TTM)3.3x

P/E Ratio (TTM)—

YoY Rev Growth+17.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 23	$280M	$206M	-$40M
Q1 24	$294M	$216M	-$36M
Q2 24	$311M	$231M	-$22M
Q3 24	$328M	$243M	-$26M
Q4 24	$335M	$247M	-$46M
Q1 25	$347M	$256M	-$34M
Q2 25	$365M	$272M	-$4M
Q3 25	$382M	$285M	-$5M
Q4 25	$388M	$291M	-$12M
Q1 26	$415M	$319M	-$9M
Q2 26	$423M	$321M	-$8M
Q3 26	$450M	$343M	$611K

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 23	5.1x	—
Q1 24	4.9x	—
Q2 24	4.7x	—
Q3 24	4.5x	97.3x
Q4 24	4.3x	88.4x
Q1 25	4.1x	89.4x
Q2 25	4.0x	90.4x
Q3 25	3.8x	—
Q4 25	3.7x	—
Q1 26	3.5x	—
Q2 26	3.4x	—
Q3 26	3.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 23	$28M	$26M
Q1 24	$38M	$37M
Q2 24	-$2M	-$3M
Q3 24	$52M	$51M
Q4 24	$61M	$60M
Q1 25	$53M	$52M
Q2 25	$38M	$38M
Q3 25	$88M	$87M
Q4 25	$87M	$85M
Q1 26	$105M	$104M
Q2 26	$27M	$26M
Q3 26	$43M	$42M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 23	$2M
Q1 24	$632K
Q2 24	$896K
Q3 24	$1M
Q4 24	$845K
Q1 25	$747K
Q2 25	$715K
Q3 25	$766K
Q4 25	$2M
Q1 26	$656K
Q2 26	$605K
Q3 26	$936K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	+17.0%	+7.1%
Q1 24	+17.5%	+6.2%
Q2 24	+17.5%	+6.0%
Q3 24	+19.4%	+3.0%
Q4 24	+19.7%	+18.9%
Q1 25	+18.3%	+15.5%
Q2 25	+17.6%	+11.3%
Q3 25	+16.5%	+9.1%
Q4 25	+16.0%	+5.2%
Q1 26	+19.5%	+11.4%
Q2 26	+15.9%	+16.7%
Q3 26	+17.7%	+16.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 23	$55M	19.8%
Q1 24	$57M	19.4%
Q2 24	$56M	18.2%
Q3 24	$63M	19.1%
Q4 24	$63M	18.7%
Q1 25	$64M	18.3%
Q2 25	$64M	17.5%
Q3 25	$65M	16.9%
Q4 25	$66M	16.9%
Q1 26	$70M	16.8%
Q2 26	$73M	17.2%
Q3 26	$78M	17.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 23	$82M	$40M	$124M
Q1 24	$81M	$38M	$133M
Q2 24	$80M	$39M	$133M
Q3 24	$87M	$41M	$141M
Q4 24	$94M	$43M	$152M
Q1 25	$89M	$43M	$157M
Q2 25	$88M	$44M	$144M
Q3 25	$94M	$42M	$154M
Q4 25	$95M	$46M	$162M
Q1 26	$109M	$45M	$174M
Q2 26	$108M	$48M	$174M
Q3 26	$114M	$52M	$177M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 23	17.0%	-10.3%	6.7
Q1 24	17.5%	-8.1%	9.3
Q2 24	17.5%	-2.8%	14.7
Q3 24	19.4%	-4.2%	15.2
Q4 24	19.7%	-9.7%	10.0
Q1 25	18.3%	-5.3%	13.0
Q2 25	17.6%	2.3%	19.9
Q3 25	16.5%	3.4%	19.9
Q4 25	16.0%	0.9%	16.8
Q1 26	19.5%	2.1%	21.6
Q2 26	15.9%	2.5%	18.4
Q3 26	17.7%	11.8%	29.6

Revenue Segments

Quarter	Professional Services	Subscription
Q4 23	$24M	$256M
Q1 24	$24M	$270M
Q2 24	$23M	$288M
Q3 24	$20M	$308M
Q4 24	$24M	$311M
Q1 25	$24M	$324M
Q2 25	$25M	$341M
Q3 25	$24M	$358M
Q4 25	$27M	$362M

Revenue by Geography

Quarter	Non-US	United States
Q4 23	$117M	$163M
Q1 24	$124M	$170M
Q2 24	$130M	$181M
Q3 24	$142M	$186M
Q4 24	$142M	$193M
Q1 25	$149M	$198M
Q2 25	$159M	$207M
Q3 25	$169M	$213M
Q4 25	$170M	$218M
Q1 26	$185M	$230M
Q3 26	$210M	$240M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$644M	$271M	$915M
Q1 24	$631M	$327M	$957M
Q2 24	$590M	$377M	$966M
Q3 24	$527M	$488M	$1.0B
Q4 24	$540M	$544M	$1.1B
Q1 25	$595M	$552M	$1.1B
Q2 25	$659M	$539M	$1.2B
Q3 25	$584M	$700M	$1.3B
Q4 25	$728M	$670M	$1.4B
Q1 26	$662M	$832M	$1.5B
Q2 26	$804M	$595M	$1.4B
Q3 26	$741M	$511M	$1.3B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 23	97M	+1.0%
Q1 24	98M	+1.0%
Q2 24	99M	+1.2%
Q3 24	105M	+5.5%
Q4 24	101M	-3.0%
Q1 25	102M	+0.9%
Q2 25	103M	+0.9%
Q3 25	104M	+0.8%
Q4 25	105M	+1.0%
Q1 26	106M	+0.8%
Q2 26	106M	+0.3%
Q3 26	106M	-0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 17	—	—
FY 18	—	—
FY 19	$593K	458
FY 20	$673K	635
FY 21	$279K	2K
FY 22	$290K	3K
FY 23	$370K	3K
FY 24	$398K	3K
FY 25	$419K	4K