ESTCNYSEServices-Prepackaged SoftwareFiscal year ends April 30
Elastic N.V.
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 28, 2026
$94.60+2.86 (+3.12%)
Close on Oct 19, 2026
- Market cap
- $9.90B
- P/E (TTM)
- 28.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2026
Gross margin
76.1%+2.5 pts over 5 years
Operating margin
-1.9%+19.4 pts over 5 years
Net margin
21.1%+42.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.3% | +17.6% | +23.4% | – | |
| Gross profit | +19.9% | +19.7% | +24.2% | – | |
| Free cash flow | +22.9% | +113.7% | +76.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 44.9% | -29.9% | 33.4% | |
| Return on assets | – | -14.6% | 12.8% | |
| Current ratio | – | 1.42 | 1.68 | |
| Interest coverage | – | -699.9× | -1.3× | |
| Capex to revenue | 1.0% | 0.6% | 0.3% | |
| Diluted shares | 30M | 87M | 107M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Elastic generated $783.16M from operations and spent $358.14M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$783.16M
Used
$358.14M
Capital expenditure$18.06M5%Dividends$00%Share buybacks$340.09M95%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin21.1%
×Asset turnover0.61×
×Equity multiplier2.61×
=Return on equity, FY202633.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 21.1% | 0.61× | 2.61× | 33.4% |
| FY2025 | -7.3% | 0.61× | 2.90× | -13.0% |
| FY2024 | 4.9% | 0.64× | 3.51× | 10.9% |
| FY2023 | -22.1% | 0.63× | 4.16× | -58.0% |
| FY2022 | -23.6% | 0.66× | 3.02× | -47.1% |
| FY2021 | -21.3% | 0.68× | 2.06× | -29.9% |
| FY2020 | -39.1% | 0.66× | 1.91× | -49.4% |
| FY2019 | -37.7% | 0.81× | 6.11× | -186.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$367.77M
- Cash generatingOperating cash flow above zero$326.89M
- Return on assets improvedROA up on the prior year-4.8% → 14.2%
- Earnings backed by cashOperating cash flow above net income$326.89M vs $367.77M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.92 → 1.68
- No dilutionShare count did not rise104M → 107M
- Gross margin improvedGross margin up on the prior year74.39% → 76.07%
- More efficientAsset turnover rose0.66 → 0.67