Elastic N.V. ESTC
Elastic, the Search AI Company, enables its customers to transform data into answers, actions, and outcomes with Search AI. While search technology revolutionized information retrieval through its ability to instantly return relevant results from massive datasets, it struggles when it comes to understanding context and generating insights. AI, on the other hand, excels at analyzing complex patterns and generating insights, but it lacks the ability to find and access specific information within vast data stores. The Elasticsearch Platform ("our platform") combines the precision of search with the intelligence of AI to help our customers and community solve real-time business problems, unlock potential value, and achieve better outcomes. Our platform, available as either a cloud service or a self-managed software, allows our customers to find insights and drive AI and machine learning use cases from large amounts of data.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.74B | $1.48B | $1.27B | $1.07B | $862.4M | $608.5M | $427.6M | $271.7M | $159.9M | $88.2M |
| Cost of revenue | $416.3M | $379.9M | $330.1M | $296.6M | $232.2M | $161.1M | $122.7M | $78.0M | $40.7M | $19.8M |
| Gross profit | $1.32B | $1.10B | $937.2M | $772.4M | $630.2M | $447.4M | $304.9M | $193.6M | $119.2M | $68.3M |
| R&D | $451.9M | $365.8M | $342.0M | $313.5M | $273.8M | $199.2M | $165.4M | $101.2M | $55.6M | $32.6M |
| SG&A | $194.4M | $175.2M | $160.6M | $143.2M | $123.4M | $103.8M | $91.6M | $46.5M | $28.9M | $26.3M |
| Total operating expenses | $1.36B | $1.16B | $1.07B | $991.5M | $803.9M | $576.9M | $476.0M | $295.0M | $167.2M | $115.5M |
| Operating income | -$33.5M | -$54.9M | -$129.9M | -$219.2M | -$173.7M | -$129.5M | -$171.1M | -$101.4M | -$48.0M | -$47.2M |
| Interest expense | $25.1M | $25.3M | $26.1M | $25.2M | $20.7M | $185.0K | $0 | — | — | — |
| Pre-tax income | -$2.3M | -$31.6M | -$122.8M | -$216.9M | -$197.8M | -$121.7M | -$169.1M | -$97.9M | -$49.4M | -$47.8M |
| Income tax | $370.1M | $76.5M | $184.5M | $19.3M | $6.1M | $7.7M | $2.0M | $4.4M | $3.4M | $4.2M |
| Net income | $367.8M | $367.8K | -$108.1K | $61.7K | -$236.2K | -$203.8K | -$167.2M | -$102.3M | -$52.7M | -$52.0M |
| EPS, basic | 3.49 | -1.04 | 0.62 | -2.47 | -2.20 | -1.48 | -2.12 | — | — | — |
| EPS, diluted | 3.43 | -1.04 | 0.59 | -2.47 | -2.20 | -1.48 | -2.12 | -1.86 | -1.65 | -1.71 |
| Shares, diluted (wtd. avg.) | $107.2M | $103.7M | $104.0M | $95.7M | $92.5M | $87.2M | $78.8M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $768.7M | $727.5M | $543.1M | $646.6M | $863.6M | $403.7M | $297.1M | $298.0M | $50.9M | — |
| Short-term investments | $601.5M | $669.7M | $544.0M | — | — | — | — | — | — | — |
| Receivables | $464.4M | $375.6M | $323.0M | $260.9M | $215.2M | $160.4M | $128.7M | $81.3M | $53.2M | — |
| Total current assets | $2.02B | $1.93B | $1.53B | $1.27B | $1.16B | $637.2M | $480.2M | $429.6M | $132.2M | — |
| Property, plant and equipment | $8.6M | $6.6M | $5.5M | $5.1M | $7.2M | $8.9M | $7.8M | $5.4M | $4.5M | — |
| Goodwill | $356.4M | $319.4M | $319.4M | $303.6M | $303.9M | $198.9M | $197.9M | $19.8M | $19.2M | $12.1M |
| Other intangibles | $13.1M | $11.4M | $20.6M | $29.1M | $45.8M | $36.3M | $50.5M | $6.7M | $8.3M | — |
| Total assets | $3.15B | $2.59B | $2.24B | $1.74B | $1.64B | $973.2M | $803.9M | $485.7M | $183.0M | — |
| Accounts payable | $8.6M | $17.1M | $26.1M | $35.2M | $28.4M | $7.2M | $11.5M | $4.5M | $2.2M | — |
| Total current liabilities | $1.20B | $1.01B | $871.1M | $716.6M | $593.3M | $450.0M | $333.1M | $203.6M | $125.1M | — |
| Long-term debt | $570.9M | $569.7M | $568.6M | $567.5M | $566.5M | $0 | — | — | — | — |
| Total liabilities | $1.88B | $1.67B | $1.50B | $1.34B | $1.23B | $522.3M | $390.3M | $222.7M | $135.6M | — |
| Retained earnings | -$732.0M | -$1.10B | -$991.6M | -$1.05B | -$817.2M | -$613.3M | -$484.3M | -$317.1M | -$214.8M | — |
| Total equity | $1.28B | $927.2M | $738.2M | $398.9M | $415.4M | $450.8M | $413.6M | $263.0M | -$153.5M | -$128.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $326.9M | $266.2M | $148.8M | $35.7M | $5.7M | $22.5M | -$30.6M | -$23.9M | -$20.8M | -$16.1M |
| Depreciation and amortisation | $3.0M | $3.1M | $3.5M | $3.6M | $3.9M | $3.1M | $2.8M | $2.7M | $3.0M | $3.1M |
| Stock-based compensation | — | — | — | — | $2.5M | $2.5M | — | — | — | — |
| Capital expenditure | $5.1M | $4.3M | $3.5M | $2.7M | $2.5M | $3.9M | $5.1M | $3.4M | $3.0M | $843.0K |
| Investing cash flow | $26.1M | -$118.7M | -$288.0M | -$273.0M | -$127.3M | -$1.5M | -$29.2M | -$8.3M | $8.3M | -$20.3M |
| Financing cash flow | -$312.3M | $40.9M | $40.1M | $17.5M | $602.1M | $77.3M | $58.5M | $281.8M | $3.4M | $59.8M |
| Buybacks | $340.1M | $0 | $0 | — | — | — | $0 | $0 | $344.0K | $25.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001707753-26-000018.
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