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Elastic N.V. (ESTC) 10-Year Financial Performance & Capital Metrics

ESTC • • Industrial / General
TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms
AboutElastic N.V., a search company, delivers technology solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The company's Elastic Stack product portfolio comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; Elastic Agent that offers integrated host protection and central management services; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems. It also provides software solutions on the Elastic Stack that address cases, including app search, workplace search, logging, metrics, application performance management, and synthetic monitoring. The company's platform solutions provide new capabilities that helps users to combine the benefits of the Elastic Stack. The company was incorporated in 2012 and is headquartered in Mountain View, California.Show more
  • Revenue $1.48B +17.0%
  • EBITDA -$43M +61.9%
  • Net Income -$108M -275.2%
  • EPS (Diluted) -1.04 -276.3%
  • Gross Margin 74.39% +0.6%
  • EBITDA Margin -2.87% +67.5%
  • Operating Margin -3.7% +63.9%
  • Net Margin -7.29% -249.7%
  • ROE -12.98% -219.6%
  • ROIC -5.19% +69.6%
  • Debt/Equity 0.64 -20.2%
  • Interest Coverage -2.17 +56.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 17.7% free cash flow margin
  • ✓Strong 5Y sales CAGR of 28.2%

✗Weaknesses

  • ✗Weak momentum: RS Rating 20 (bottom 20%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y28.24%
3Y19.81%
TTM16.98%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-281.16%

EPS CAGR

10Y-
5Y-
3Y-
TTM-287.27%

ROCE

10Y Avg-35.18%
5Y Avg-16.76%
3Y Avg-11.89%
Latest-3.72%

Peer Comparison

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MANHManhattan Associates, Inc.10.58B175.5750.0212.23%20.25%69.86%2.71%0.16

Profit & Loss

Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Sales/Revenue+88.18M159.94M271.65M427.62M608.49M862.37M1.07B1.27B1.48B
Revenue Growth %-0.81%0.7%0.57%0.42%0.42%0.24%0.19%0.17%
Cost of Goods Sold+19.84M40.74M78.01M122.69M161.05M232.19M296.63M330.08M379.87M
COGS % of Revenue0.23%0.25%0.29%0.29%0.26%0.27%0.28%0.26%0.26%
Gross Profit+68.33M119.19M193.64M304.93M447.44M630.18M772.36M937.24M1.1B
Gross Margin %0.77%0.75%0.71%0.71%0.74%0.73%0.72%0.74%0.74%
Gross Profit Growth %-0.74%0.62%0.57%0.47%0.41%0.23%0.21%0.18%
Operating Expenses+115.5M167.19M295M476.04M576.91M803.86M991.53M1.07B1.16B
OpEx % of Revenue1.31%1.05%1.09%1.11%0.95%0.93%0.93%0.84%0.78%
Selling, General & Admin82.9M111.55M193.83M310.67M377.71M530.1M646.78M720.28M792.36M
SG&A % of Revenue0.94%0.7%0.71%0.73%0.62%0.61%0.61%0.57%0.53%
Research & Development32.6M55.64M101.17M165.37M199.2M273.76M313.45M341.95M365.76M
R&D % of Revenue0.37%0.35%0.37%0.39%0.33%0.32%0.29%0.27%0.25%
Other Operating Expenses00000031.3M4.92M225K
Operating Income+-47.17M-47.99M-101.36M-171.1M-129.48M-173.68M-219.17M-129.9M-54.92M
Operating Margin %-0.53%-0.3%-0.37%-0.4%-0.21%-0.2%-0.21%-0.1%-0.04%
Operating Income Growth %--0.02%-1.11%-0.69%0.24%-0.34%-0.26%0.41%0.58%
EBITDA+-44.02M-42.93M-95.66M-158.25M-112.24M-153.95M-198.94M-111.9M-42.61M
EBITDA Margin %-0.5%-0.27%-0.35%-0.37%-0.18%-0.18%-0.19%-0.09%-0.03%
EBITDA Growth %-0.02%-1.23%-0.65%0.29%-0.37%-0.29%0.44%0.62%
D&A (Non-Cash Add-back)3.15M5.07M5.7M12.86M17.24M19.73M20.23M18M12.31M
EBIT-47.17M-47.99M-101.36M-169.14M-121.53M-177.07M-191.72M-96.62M-6.26M
Net Interest Income+0000-185K-20.72M-25.16M-26.13M-25.31M
Interest Income000000000
Interest Expense0000185K20.72M25.16M26.13M25.31M
Other Income/Expense-583K-1.36M3.44M1.96M7.76M-24.11M2.29M7.15M23.35M
Pretax Income+-47.76M-49.35M-97.92M-169.14M-121.71M-197.79M-216.88M-122.76M-31.57M
Pretax Margin %-0.54%-0.31%-0.36%-0.4%-0.2%-0.23%-0.2%-0.1%-0.02%
Income Tax+4.21M3.38M4.39M-1.97M7.72M6.06M19.28M-184.48M76.55M
Effective Tax Rate %1.09%1.07%1.04%0.99%1.06%1.03%1.09%-0.5%3.42%
Net Income+-51.97M-52.73M-102.3M-167.17M-129.43M-203.85M-236.16M61.72M-108.11M
Net Margin %-0.59%-0.33%-0.38%-0.39%-0.21%-0.24%-0.22%0.05%-0.07%
Net Income Growth %--0.01%-0.94%-0.63%0.23%-0.57%-0.16%1.26%-2.75%
Net Income (Continuing)-51.97M-52.73M-102.3M-167.17M-129.43M-203.85M-236.16M61.72M-108.11M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)+-0.84-0.85-1.86-2.12-1.48-2.20-2.470.59-1.04
EPS Growth %--0.01%-1.19%-0.14%0.3%-0.49%-0.12%1.24%-2.76%
EPS (Basic)-0.84-0.85-1.86-2.12-1.48-2.20-2.470.62-1.04
Diluted Shares Outstanding61.92M61.92M54.89M78.8M87.21M92.55M95.73M103.98M103.66M
Basic Shares Outstanding61.92M61.92M54.89M78.8M87.21M92.55M95.73M99.65M103.66M
Dividend Payout Ratio---------

Balance Sheet

Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Total Current Assets+120.57M132.23M429.64M480.24M637.21M1.16B1.27B1.53B1.93B
Cash & Short-Term Investments74.64M50.94M298M297.08M400.81M860.95M915.21M1.08B1.4B
Cash Only59.64M50.94M298M297.08M400.81M860.95M644.17M540.4M727.54M
Short-Term Investments15M00000271.04M544M669.72M
Accounts Receivable30.09M53.23M81.27M128.69M160.41M215.23M260.92M323.01M375.61M
Days Sales Outstanding124.55121.49109.2109.8496.2291.189.0993.0392.43
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets9.62M17.04M28.53M28.5M38.98M46.32M98.15M123.49M158.13M
Total Non-Current Assets+23.78M50.78M56.1M323.67M335.96M479.22M469.2M711.67M661.85M
Property, Plant & Equipment4.58M4.54M5.45M40.54M34.34M32.64M25.09M25.96M28.92M
Fixed Asset Turnover19.25x35.26x49.86x10.55x17.72x26.42x42.61x48.82x51.28x
Goodwill12.06M19.18M19.85M197.88M198.85M303.91M303.64M319.38M319.42M
Intangible Assets2.72M8.3M6.72M50.45M36.29M45.8M29.1M20.62M11.4M
Long-Term Investments000000000
Other Non-Current Assets3.22M14.82M22.33M31.63M62.78M91.06M103.95M120.17M134.06M
Total Assets+144.35M183.01M485.74M803.91M973.17M1.64B1.74B2.24B2.59B
Asset Turnover0.61x0.87x0.56x0.53x0.63x0.52x0.61x0.57x0.57x
Asset Growth %-0.27%1.65%0.66%0.21%0.69%0.06%0.29%0.16%
Total Current Liabilities+63.67M125.11M203.58M333.07M450.01M593.33M716.62M871.09M1.01B
Accounts Payable1.8M2.18M4.45M11.48M7.25M28.4M35.15M26.07M17.15M
Days Payables Outstanding33.0919.520.8234.1716.4344.6543.2528.8316.48
Short-Term Debt000000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities6.99M17.21M23.76M22.09M30.13M37.01M43.34M49.16M63.42M
Current Ratio1.89x1.06x2.11x1.44x1.42x1.96x1.78x1.76x1.92x
Quick Ratio1.89x1.06x2.11x1.44x1.42x1.96x1.78x1.76x1.92x
Cash Conversion Cycle---------
Total Non-Current Liabilities+209.21M211.43M19.15M57.2M72.33M634.17M627.97M633.29M657.36M
Long-Term Debt00000566.52M567.54M568.61M569.73M
Capital Lease Obligations00027.83M19.65M16.48M13.94M12.9M16.36M
Deferred Tax Liabilities000000000
Other Non-Current Liabilities204.46M204.8M6.72M12.99M7.78M17.65M12.23M21.49M20.94M
Total Liabilities272.88M336.54M222.73M390.26M522.34M1.23B1.34B1.5B1.67B
Total Debt+00035.47M28.18M594.22M594.23M593.7M595.01M
Net Debt-59.64M-50.94M-298M-261.62M-372.64M-266.73M-49.93M53.3M-132.53M
Debt / Equity---0.09x0.06x1.43x1.49x0.80x0.64x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage-----699.88x-8.38x-8.71x-4.97x-2.17x
Total Equity+-128.54M-153.53M263.01M413.65M450.83M415.43M398.9M738.18M927.23M
Equity Growth %--0.19%2.71%0.57%0.09%-0.08%-0.04%0.85%0.26%
Book Value per Share-2.08-2.484.795.255.174.494.177.108.94
Total Shareholders' Equity-128.54M-153.53M263.01M413.65M450.83M415.43M398.9M738.18M927.23M
Common Stock31K33K754K856K948K990K1.02M1.07M1.11M
Retained Earnings-162.05M-214.77M-317.08M-484.25M-613.32M-817.17M-1.05B-991.61M-1.1B
Treasury Stock-25K-369K-369K-369K-369K-369K-369K-369K-369K
Accumulated OCI-1.89M-961K-1.43M-1.38M-8.11M-18.13M-20.02M-21.64M-23.2M
Minority Interest000000000

Cash Flow

Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Cash from Operations+-16.11M-20.82M-23.94M-30.56M22.55M5.67M35.66M148.76M266.17M
Operating CF Margin %-0.18%-0.13%-0.09%-0.07%0.04%0.01%0.03%0.12%0.18%
Operating CF Growth %--0.29%-0.15%-0.28%1.74%-0.75%5.29%3.17%0.79%
Net Income-51.97M-52.73M-102.3M-167.17M-129.43M-203.85M-236.16M61.72M-108.11M
Depreciation & Amortization3.15M5.07M5.7M12.86M17.24M19.73M20.23M18M12.31M
Stock-Based Compensation18.89M12.74M39.94M60.01M93.68M140.61M204.04M239.14M257.78M
Deferred Taxes663K-323K3.62M-1.54M33K-2.43M-2.01M-217.19M57.43M
Other Non-Cash Items8.45M12.73M21.44M45.69M39.27M72.26M84.93M83.72M102.91M
Working Capital Changes4.71M1.69M7.67M19.59M1.76M-20.65M-35.37M-36.62M-56.16M
Change in Receivables-11.13M-21.61M-29.8M-46.75M-24.04M-62.19M-46.35M-63.52M-48.9M
Change in Inventory000000000
Change in Payables-241K-23K2.23M5.97M-4.78M21.04M6.3M-10M-8.95M
Cash from Investing+-20.33M8.33M-8.28M-29.19M-1.52M-127.27M-272.95M-287.96M-118.67M
Capital Expenditures-843K-2.97M-3.45M-5.06M-3.91M-2.48M-2.68M-3.45M-4.34M
CapEx % of Revenue0.01%0.02%0.01%0.01%0.01%0%0%0%0%
Acquisitions---------
Investments---------
Other Investing00-2.85M249K2.39M-4.93M000
Cash from Financing+59.76M3.43M281.79M58.54M77.26M602.13M17.47M40.05M40.95M
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000000000
Share Repurchases---------
Other Financing2.09M3.9M12.38M58.63M77.26M27.13M17.47M40.05M40.95M
Net Change in Cash---------
Free Cash Flow+-16.95M-23.79M-27.38M-35.63M18.32M-1.75M32.98M145.31M261.82M
FCF Margin %-0.19%-0.15%-0.1%-0.08%0.03%-0%0.03%0.11%0.18%
FCF Growth %--0.4%-0.15%-0.3%1.51%-1.1%19.9%3.41%0.8%
FCF per Share-0.27-0.38-0.50-0.450.21-0.020.341.402.53
FCF Conversion (FCF/Net Income)0.31x0.39x0.23x0.18x-0.17x-0.03x-0.15x2.41x-2.46x
Interest Paid21K14K9K0012.99M24.14M25.06M24.19M
Taxes Paid1.44M3.19M3.07M3.5M03.98M11.58M24.22M21.99M

Key Ratios

Metric201720182019202020212022202320242025
Return on Equity (ROE)---186.88%-49.41%-29.95%-47.06%-58%10.86%-12.98%
Return on Invested Capital (ROIC)----219.28%-84.36%-114.82%-66.06%-17.09%-5.19%
Gross Margin77.49%74.53%71.28%71.31%73.53%73.08%72.25%73.95%74.39%
Net Margin-58.94%-32.97%-37.66%-39.09%-21.27%-23.64%-22.09%4.87%-7.29%
Debt / Equity---0.09x0.06x1.43x1.49x0.80x0.64x
Interest Coverage-----699.88x-8.38x-8.71x-4.97x-2.17x
FCF Conversion0.31x0.39x0.23x0.18x-0.17x-0.03x-0.15x2.41x-2.46x
Revenue Growth-81.38%69.85%57.41%42.3%41.72%23.96%18.55%17.04%

Revenue by Segment

2019202020212022202320242025
Subscription248.25M392.17M567.34M798.77M984.76M1.18B1.38B
Subscription Growth-57.97%44.67%40.79%23.28%19.48%17.67%
Professional Services23.4M35.45M41.15M63.6M84.23M90.72M98.78M
Professional Services Growth-51.50%16.08%54.57%32.42%7.70%8.89%

Revenue by Geography

2019202020212022202320242025
UNITED STATES155.94M241.65M331.77M481.59M626.69M730.49M836.23M
UNITED STATES Growth-54.97%37.29%45.16%30.13%16.56%14.47%
Non-US-185.97M276.72M380.79M442.3M536.83M647.07M
Non-US Growth--48.80%37.61%16.16%21.37%20.53%
Non Us115.72M------
Non Us Growth-------

Frequently Asked Questions

Growth & Financials

Elastic N.V. (ESTC) reported $1.61B in revenue for fiscal year 2025. This represents a 1725% increase from $88.2M in 2017.

Elastic N.V. (ESTC) grew revenue by 17.0% over the past year. This is strong growth.

Elastic N.V. (ESTC) reported a net loss of $109.3M for fiscal year 2025.

Dividend & Returns

Elastic N.V. (ESTC) has a return on equity (ROE) of -13.0%. Negative ROE indicates the company is unprofitable.

Elastic N.V. (ESTC) generated $302.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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