Elastic N.V. (ESTC) Stock Analysis & Company Overview

Elastic N.V. (NYSE: ESTC) is an Amsterdam-headquartered software company that provides the Elasticsearch Platform, a search and AI-data-infrastructure platform used by enterprises for search, observability and security use cases across cloud and on-premises environments. This page profiles the listed company and its stock: it brings together TradingView market widgets, financial reference data taken from Elastic’s SEC filings, and a dated, clearly labelled third-party Shariah-screening snapshot for research purposes. Elastic’s fiscal year ends April 30, so “fiscal 2026” means the year ended April 30, 2026. Widgets update dynamically; the tables and screening notes are static and carry their own reporting periods and dates. For sector context see SaGeminieTech’s SaaS & Software hub, the Artificial Intelligence hub and the NYSE hub.

Elastic N.V. (ESTC) Symbol Information

ESTC trades on the New York Stock Exchange, as stated on the cover of Elastic’s annual report, under the ticker symbol ESTC. The panel below summarizes the current symbol — price, exchange and identifying details — as a quick reference before reviewing deeper fundamentals and charts.

ESTC Advanced Stock Chart

The interactive chart below displays ESTC price and volume history across time intervals from intraday to multi-year views. Developments that Elastic’s own filings highlight include approximately 24,000 customers as of fiscal year-end (up from about 21,500 a year earlier), $575.0 million of Senior Notes outstanding since a 2021 private placement, and first-quarter fiscal 2027 revenue of $478 million, up 15% year over year. Elastic’s positioning around search and AI-data infrastructure — distinct from general observability platforms — and enterprise software spending cycles can also influence sentiment, so price history is one input among several and should be read alongside fundamentals. See also SaGeminieTech’s Artificial Intelligence hub.

Elastic N.V. Financial Statements and Fundamentals

Key figures worth examining for Elastic include revenue growth, customer count, and the gap between GAAP operating results and reported net income. In fiscal 2026 total revenue was $1,739 million, up from $1,483 million in fiscal 2025 and $1,267 million in fiscal 2024; Elastic recorded an **operating loss** of $33 million in fiscal 2026, narrower than the $55 million operating loss in fiscal 2025 and the $130 million operating loss in fiscal 2024 (10-K). Reported net income of $368 million in fiscal 2026 was driven mainly by a $370 million income-tax benefit rather than operating profitability; fiscal 2025’s net loss of $108 million did not have an offsetting tax benefit of similar size, and fiscal 2024’s net income of $62 million was likewise driven by a $184 million tax benefit.

The most recent quarterly filing covers the quarter ended July 31, 2026 (first quarter of fiscal 2027); Elastic reported quarterly revenue of $478 million, up 15% year over year (10-Q). Cash and marketable securities were $1,370 million (calculated) against $571 million of Senior Notes outstanding at April 30, 2026.

Elastic N.V. reported financial figures — US GAAP, $ millions, fiscal years
Metric	FY2024 (ended April 30, 2024)	FY2025 (ended April 30, 2025)	FY2026 (ended April 30, 2026)
Total revenue (reported)	1,267	1,483	1,739
Gross profit (reported)	937	1,103	1,323
Research and development (reported)	342	366	452
Sales and marketing (reported)	560	617	710
General and administrative (reported)	161	175	194
Operating income (loss) (reported)	-130	-55	-33
Net income (loss) (reported)	62	-108	368
Gross margin (calculated: gross profit ÷ revenue)	74.0%	74.4%	76.1%
Operating margin (calculated: operating income ÷ revenue)	-10.3%	-3.7%	-1.9%
Approximate customer count (reported, as of fiscal year end)	~21,000	~21,500	~24,000

Source: Elastic N.V. Annual Report on Form 10-K for the fiscal year ended April 30, 2026 (SEC filing, filed 2026-06-08); fiscal 2025 and 2024 comparatives as presented in that filing. Elastic’s fiscal year ends April 30. Elastic recorded an **operating loss** in each of the three fiscal years shown. Fiscal 2026’s net income of $368 million and fiscal 2024’s net income of $62 million were driven mainly by large income-tax benefits ($370 million and $184 million respectively, per the 10-K), not by operating profitability — fiscal 2025’s net loss of $108 million reflects a year without an offsetting tax benefit of similar size. Net income/loss should not be read as a proxy for operating performance for this company. Rows marked “calculated” are derived by SaGeminieTech from the reported inputs shown.

Elastic N.V. selected balance-sheet measures — $ millions, as of April 30, 2026
Measure	Value (reported)
Cash and cash equivalents	769
Marketable securities	602
Cash and marketable securities, total (calculated: sum of the two lines above)	1,370
Long-term debt, net (Senior Notes)	571
Total assets	3,153
Total liabilities	1,876
Total shareholders’ equity	1,277

Source: fiscal 2026 10-K consolidated balance sheet (filing). The long-term debt is $575.0 million aggregate principal amount of Senior Notes issued in a private placement in July 2021, carried net of unamortized discount and issuance costs (net carrying value $570.9 million at April 30, 2026).

Elastic N.V. Company Profile and Business Model

Elastic says it provides the Elasticsearch Platform, a set of software products that ingest and store data from various sources and formats to perform search, observability and security functions, positioned by the company around search and artificial-intelligence data infrastructure rather than general IT observability alone. The company reports as a **single reportable segment**, with the chief operating decision maker using consolidated net income (loss) to evaluate performance.

Elastic’s own description emphasizes Elasticsearch as a platform for AI-powered search applications, including vector search and retrieval use cases, in addition to its established observability and security product lines. This is the angle this page uses to distinguish Elastic from other infrastructure-software profiles already on SaGeminieTech, particularly Dynatrace, which is positioned around AI-driven full-stack observability rather than search infrastructure. Geographically, the United States was approximately 54% of fiscal 2026 revenue and the rest of the world approximately 46% (table below); no other individual country was 10% or more of revenue in any of the three years shown.

The fiscal 2026 10-K (filed June 8, 2026) lists Ashutosh Kulkarni as Chief Executive Officer and Navam Welihinda as Chief Financial Officer. This section profiles the listed company; for other enterprise-software and observability/security companies already covered, see SaGeminieTech’s Dynatrace, Salesforce and CrowdStrike company profiles — Elastic’s search/AI-data-infrastructure positioning is presented here as distinct from Dynatrace’s observability focus, not a duplicate of it.

Elastic N.V. revenue by customer location — US GAAP, $ millions, fiscal years
Region	FY2026	FY2025	FY2024	Share of FY2026 (reported)
United States	947	836	730	54.5%
Rest of world	792	647	537	45.5%
Total	1,739	1,483	1,267	100.0%

Source: fiscal 2026 10-K, Note 13 (https://www.sec.gov/Archives/edgar/data/1707753/000170775326000018/estc-20260430.htm). Revenue is attributed by customer location. Other than the United States, no individual country accounted for 10% or more of total revenue in any period shown.

Elastic N.V. Historical Stock-Price Overview

The overview below covers ESTC price and percentage change across several date ranges, with volume and moving-average context. Elastic’s reported revenue rose from $1,267 million in fiscal 2024 to $1,739 million in fiscal 2026 (table above), while the company narrowed its operating loss from $130 million to $33 million over the same period. Price history is best interpreted alongside those developments and the customer-growth and profitability-trajectory factors the company’s own filings describe, rather than in isolation.

Elastic N.V. Shariah Compliance Snapshot

The snapshot below reflects third-party Shariah screening for ESTC based on AAOIFI-derived methodology, as reported by two providers, Zoya and Musaffa, plus figures independently calculated by SaGeminieTech from Elastic’s SEC filings and a market-capitalization snapshot. Both provider pages were read on 2026-09-25. Screening results change as market capitalization, debt, cash and non-permissible income change — treat this as a starting reference for further verification, not a certification, and not investment or religious guidance.

Current StatusZoya screens ESTC as Shariah-compliant (zoya.finance/stocks/estc; AAOIFI standard; last updated September 2026) and Musaffa classifies it as HALAL with a B+ rating (musaffa.com/stock/ESTC; AAOIFI-based methodology; last updated September 11, 2026, on a “2027 1st Quarter Report” basis). The two sources agree as of 2026-09-25 on business activity and overall classification.

Debt / Market CapIndependently calculated: 5.96%. Elastic’s fiscal 2026 10-K reports $570.9 million of Senior Notes (long-term debt, net) at April 30, 2026, divided by a market capitalization of $9,580 million as of market close 2026-09-24 (stockanalysis.com). Under the commonly cited 30–33% threshold.

Cash + Securities / Market CapIndependently calculated: 14.30%. Cash and marketable securities of $1,370 million at April 30, 2026, divided by the same $9,580 million market capitalization. Under the commonly cited 30–33% threshold.

Non-Permissible IncomeZoya’s public page states Elastic “has not reported any interest income” for fiscal 2026; this does not match the 10-K’s own XBRL data, which tags $51.8 million of interest income from interest-earning assets (tag InterestIncomeInterestEarningAsset) on revenue of $1,739 million. This is the same “no interest income” error pattern found on this project for Applied Materials, Twilio and KLA Corporation. Using the gross figure: 51.8 ÷ (1,739 + 51.8) = **2.89%** of the combined total, below the 5% threshold both providers cite. Elastic separately discloses $25.1 million of interest expense on its Senior Notes (not netted against interest income in its own income-statement presentation); using interest income net of that expense instead gives 1.51%, shown for reference only in the table below.

Business ActivitySearch, observability and security software platform, positioned by the company around AI-powered search and data infrastructure. No lending, conventional banking, insurance, gambling or alcohol-related activity was found in the 10-K’s description of the business.

Screening BasisAAOIFI Standard (per Zoya’s and Musaffa’s stated methodologies), cross-checked here against Elastic’s own fiscal 2026 Form 10-K, SEC XBRL data and a same-day market-capitalization snapshot. The two providers cite different report-basis dates (Zoya: fiscal year ended April 30, 2026; Musaffa: a “2027 1st Quarter Report”, i.e. Elastic’s quarter ended July 31, 2026), so their agreement is not necessarily on an identical time base.

Last ReviewedZoya last updated September 2026; Musaffa last updated September 11, 2026. Both provider pages were read on 2026-09-25; the debt, cash and income figures were independently recalculated from the 10-K, SEC XBRL data and a 2026-09-24 market-capitalization snapshot as shown above.

Elastic N.V. AAOIFI-style screening ratios — independently calculated
Ratio	Numerator	Denominator	Result	Commonly cited threshold
Interest-bearing debt ÷ market capitalization	Long-term debt, net: $571 million (10-K, April 30, 2026 — $575.0m Senior Notes issued July 2021)	Market capitalization: $9,580 million ([stockanalysis.com](https://stockanalysis.com/stocks/estc/), close 2026-09-24)	5.96%	< 30–33%
(Cash + marketable securities) ÷ market capitalization	Cash + marketable securities: $1,370 million (10-K, April 30, 2026)	Market capitalization: $9,580 million ([stockanalysis.com](https://stockanalysis.com/stocks/estc/), close 2026-09-24)	14.30%	< 30–33%
Non-permissible (gross interest) income ÷ (revenue + interest income)	Gross interest income: $51.8 million (10-K XBRL, FY2026, tag InterestIncomeInterestEarningAsset)	Revenue + gross interest income: $1,739m + $51.8m = $1,791m	2.89%	< 5%
For reference — interest income net of Elastic’s own disclosed interest expense	Gross interest income $51.8m − interest expense $25.1m = $26.7m	Revenue + net figure: $1,739m + $26.7m = $1,766m	1.51%	< 5%

Elastic discloses “interest expense” ($25.1 million, on its Senior Notes) and interest income (embedded within a broader “other income, net” line, $56.3 million, of which SEC XBRL separately tags $51.8 million as interest income specifically from interest-earning assets) as distinct, non-netted items in its own income-statement presentation — unlike some other companies profiled on this site, Elastic does not report a single combined “interest income, net” line. The gross figure ($51.8 million) is used as the primary screening ratio above because interest expense is not a valid offset against the income being screened under a strict AAOIFI-style reading; the net-of-expense figure is shown only for reference. Market capitalization is a point-in-time figure (2026-09-24 close) applied against fiscal-year-end balance-sheet figures (April 30, 2026); it will move daily and these ratios should be recalculated before relying on them.

This snapshot is a screening summary for research purposes, not a certification of Shariah compliance and not investment or religious guidance. All three AAOIFI-style ratios were independently calculated for this page and fall under commonly cited thresholds, though Zoya’s own stated interest-income basis for Elastic is inaccurate (the fourth such instance found on this project). Market capitalization changes daily and these figures should be recalculated before relying on them. Confirm the latest status directly with Zoya, with Musaffa, or with a qualified Shariah adviser before relying on any compliance conclusion.

Key Investor Considerations for Elastic N.V.

Potential Strengths

Revenue of $1,739 million in fiscal 2026, up from $1,483 million in fiscal 2025 and $1,267 million in fiscal 2024 (company-reported)
Operating loss narrowed from $130 million in fiscal 2024 to $33 million in fiscal 2026, a consistent trend toward operating breakeven (company-reported)
Approximately 24,000 customers as of fiscal year-end 2026, up from about 21,500 a year earlier (company-reported)
Cash and marketable securities of $1,370 million (calculated) comfortably exceed the $571 million of Senior Notes outstanding
Distinct positioning around AI-powered search and vector-data infrastructure, a growing use case for Elasticsearch beyond its established observability and security products

Material Risks

GAAP operating losses in each of the last three fiscal years; reported net income in two of those years was driven mainly by large income-tax benefits rather than operating profitability
Interest-bearing debt: $575.0 million of Senior Notes outstanding since 2021, carrying $25.1 million of annual interest expense
Revenue concentration in the United States, at approximately 54% of fiscal 2026 revenue
Competitive market: search, observability and security software includes large cloud-platform vendors and specialist competitors that could pressure pricing or displace usage
Net income volatility driven by discrete tax items makes year-over-year net-income comparisons potentially misleading without reference to operating results

Frequently Asked Questions

What does Elastic do?

Elastic provides the Elasticsearch Platform, software for search, observability and security use cases, with the company positioning it specifically around AI-powered search and data infrastructure, according to its fiscal 2026 Form 10-K.

On which exchange is Elastic listed?

Elastic’s common stock trades on the New York Stock Exchange under the ticker symbol ESTC, as confirmed against the SEC’s ticker-and-exchange listing.

How many reportable segments does Elastic have?

Elastic operates and reports as a **single reportable segment**; its chief operating decision maker uses consolidated net income (loss) to evaluate the business.

Is Elastic profitable?

On a GAAP operating basis, no — Elastic recorded an operating loss in fiscal 2024, 2025 and 2026. Reported net income in fiscal 2024 and fiscal 2026 was driven mainly by large income-tax benefits, not operating profitability; fiscal 2025 was a net loss.

Does Elastic carry debt?

Yes. Elastic has $575.0 million aggregate principal amount of Senior Notes outstanding, issued in a private placement in July 2021, carried at a net value of $570.9 million as of April 30, 2026.

How is Elastic different from Dynatrace on this site?

Both are enterprise software companies, but this page positions Elastic around search and AI-data infrastructure (Elasticsearch as a platform for AI-powered search and vector search), which is distinct from Dynatrace’s focus on AI-driven full-stack observability.

Is Elastic stock currently Shariah compliant?

Zoya screens ESTC as Shariah-compliant (last updated September 2026) and Musaffa classifies it as HALAL with a B+ rating (last updated September 11, 2026), both under AAOIFI-based methodologies. SaGeminieTech independently calculated all three AAOIFI-style ratios from the 10-K, SEC XBRL data and a same-day market-capitalization snapshot: debt/market cap 5.96%, cash+securities/market cap 14.30%, and non-permissible income 2.89% (gross) — all under commonly cited thresholds, though Zoya’s own “no interest income” claim for Elastic is inaccurate. This is a screening summary, not a compliance certification — check a current, named screening source or a qualified Shariah adviser before relying on any status.

Conclusion

Elastic is a search and AI-data-infrastructure software company whose fiscal 2026 revenue of $1,739 million and narrowing operating loss of $33 million (company-reported) reflect continued customer growth — approximately 24,000 customers at fiscal year-end, up from about 21,500 a year earlier — alongside $575.0 million of Senior Notes outstanding since 2021. That profile is balanced against a persistent GAAP operating loss, reported net income that has depended on large discrete tax benefits rather than operating profitability in two of the last three fiscal years, and a competitive market that includes large cloud-platform vendors. SaGeminieTech independently verified Elastic’s Shariah-screening ratios against its own SEC filings, SEC XBRL data and a same-day market-capitalization snapshot, finding all three commonly used AAOIFI-style ratios under typical thresholds, while correcting Zoya’s inaccurate “no interest income” claim. The tools on this page — charts, financials, technical indicators and news — support ongoing research into Elastic, but they do not replace a review of its official filings or independent financial, legal, tax or Shariah advice.

This page is informational and is not investment advice, a recommendation to buy, sell or hold any security, or a prediction of future returns. See SaGeminieTech’s Disclaimer.

Elastic N.V. (ESTC) – Company Overview, Business Model & Stock Analysis