The company maintains a stable capital structure with $591.6 million in total debt and a healthy current ratio of 1.59 as of 2026Q4.
| Total Current Assets | 1.92B | 1.93B | 1.53B | 1.27B | 1.16B | 637.21M | 480.24M | 429.64M | 132.23M | 120.57M |
| Cash & Short-Term Investments | 1.37B | 1.4B | 1.08B | 915.21M | 860.95M | 400.81M | 297.08M | 298M | 50.94M | 74.64M |
| Cash Only | 770.5M | 727.54M | 540.4M | 644.17M | 860.95M | 400.81M | 297.08M | 298M | 50.94M | 59.64M |
| Short-Term Investments | 601.54M | 669.72M | 544M | 271.04M | 0 | 0 | 0 | 0 | 0 | 15M |
| Accounts Receivable | 464.41M | 375.61M | 323.01M | 260.92M | 215.23M | 160.41M | 128.69M | 81.27M | 53.23M | 30.09M |
| Days Sales Outstanding | 97.46 | 92.43 | 93.03 | 89.09 | 91.1 | 96.22 | 109.84 | 109.2 | 121.49 | 124.55 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 80.37M | 158.13M | 123.49M | 98.15M | 46.32M | 38.98M | 28.5M | 28.53M | 17.04M | 9.62M |
| Total Non-Current Assets | 1.24B | 661.85M | 711.67M | 469.2M | 479.22M | 335.96M | 323.67M | 56.1M | 50.78M | 23.78M |
| Property, Plant & Equipment | 27.23M | 28.92M | 25.96M | 25.09M | 32.64M | 34.34M | 40.54M | 5.45M | 4.54M | 4.58M |
| Fixed Asset Turnover | 63.87x | 51.28x | 48.82x | 42.61x | 26.42x | 17.72x | 10.55x | 49.86x | 35.26x | 19.25x |
| Goodwill | 356.44M | 319.42M | 319.38M | 303.64M | 303.91M | 198.85M | 197.88M | 19.85M | 19.18M | 12.06M |
| Intangible Assets | 13.06M | 11.4M | 20.62M | 29.1M | 45.8M | 36.29M | 50.45M | 6.72M | 8.3M | 2.72M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 271.85M | 134.06M | 120.17M | 103.95M | 91.06M | 62.78M | 31.63M | 22.33M | 14.82M | 3.22M |
| Total Assets | 3.15B | 2.59B | 2.24B | 1.74B | 1.64B | 973.17M | 803.91M | 485.74M | 183.01M | 144.35M |
| Asset Turnover | 0.55x | 0.57x | 0.57x | 0.61x | 0.52x | 0.63x | 0.53x | 0.56x | 0.87x | 0.61x |
| Asset Growth % | 21.59% | 15.62% | 28.63% | 6.12% | 68.82% | 21.05% | 65.5% | 165.41% | 26.79% | - |
| Total Current Liabilities | 1.2B | 1.01B | 871.09M | 716.62M | 593.33M | 450.01M | 333.07M | 203.58M | 125.11M | 63.67M |
| Accounts Payable | 8.62M | 17.15M | 26.07M | 35.15M | 28.4M | 7.25M | 11.48M | 4.45M | 2.18M | 1.8M |
| Days Payables Outstanding | 7.56 | 16.48 | 28.83 | 43.25 | 44.65 | 16.43 | 34.17 | 20.82 | 19.5 | 33.09 |
| Short-Term Debt | 6.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 973.82M | 802.12M | 663.85M | 528.7M | 431.78M | 352.81M | 243.32M | 158.24M | 95.93M | 49.39M |
| Other Current Liabilities | 96.71M | 63.42M | 49.16M | 43.34M | 37.01M | 30.13M | 22.09M | 23.76M | 17.21M | 6.99M |
| Current Ratio | 1.59x | 1.92x | 1.76x | 1.78x | 1.96x | 1.42x | 1.44x | 2.11x | 1.06x | 1.89x |
| Quick Ratio | 1.59x | 1.92x | 1.76x | 1.78x | 1.96x | 1.42x | 1.44x | 2.11x | 1.06x | 1.89x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 671.25M | 657.36M | 633.29M | 627.97M | 634.17M | 72.33M | 57.2M | 19.15M | 211.43M | 209.21M |
| Long-Term Debt | 570.89M | 569.73M | 568.61M | 567.54M | 566.52M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 14.13M | 16.36M | 12.9M | 13.94M | 16.48M | 19.65M | 27.83M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 33.73M | 20.94M | 21.49M | 12.23M | 17.65M | 7.78M | 12.99M | 6.72M | 204.8M | 204.46M |
| Total Liabilities | 1.88B | 1.67B | 1.5B | 1.34B | 1.23B | 522.34M | 390.26M | 222.73M | 336.54M | 272.88M |
| Total Debt | 591.56M | 595.01M | 593.7M | 594.23M | 594.22M | 28.18M | 35.47M | 0 | 0 | 0 |
| Net Debt | -178.94M | -132.53M | 53.3M | -49.93M | -266.73M | -372.64M | -261.62M | -298M | -50.94M | -59.64M |
| Debt / Equity | 0.46x | 0.64x | 0.80x | 1.49x | 1.43x | 0.06x | 0.09x | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -1.33x | -0.25x | -3.70x | -7.62x | -8.55x | -656.91x | - | - | - | - |
| Total Equity | 1.28B | 927.23M | 738.18M | 398.9M | 415.43M | 450.83M | 413.65M | 263.01M | -153.53M | -128.54M |
| Equity Growth % | 37.67% | 25.61% | 85.06% | -3.98% | -7.85% | 8.99% | 57.27% | 271.31% | -19.44% | - |
| Book Value per Share | 11.91 | 8.94 | 7.10 | 4.17 | 4.49 | 5.17 | 5.25 | 4.79 | -2.48 | -2.08 |
| Total Shareholders' Equity | 1.28B | 927.23M | 738.18M | 398.9M | 415.43M | 450.83M | 413.65M | 263.01M | -153.53M | -128.54M |
| Common Stock | 1.15M | 1.11M | 1.07M | 1.02M | 990K | 948K | 856K | 754K | 33K | 31K |
| Retained Earnings | -731.96M | -1.1B | -991.61M | -1.05B | -817.17M | -613.32M | -484.25M | -317.08M | -214.77M | -162.05M |
| Treasury Stock | -275.69M | -369K | -369K | -369K | -369K | -369K | -369K | -369K | -369K | -25K |
| Accumulated OCI | -27.87M | -23.2M | -21.64M | -20.02M | -18.13M | -8.11M | -1.38M | -1.43M | -961K | -1.89M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock-based compensation dilution
According to recent quarterly filings, Elastic's total assets grew from $2.1 billion in 2024Q3 to $3.2 billion in 2026Q4, signaling a strengthening balance sheet as the company successfully scales its infrastructure while maintaining a relatively controlled liability profile despite the ongoing transition toward GAAP profitability.
The expansion in total assets appears driven by a combination of cash accumulation and strategic investments, suggesting that the company is effectively converting its operational scale into a more robust financial foundation. Investors should monitor whether this asset growth continues to outpace the accumulation of deferred revenue liabilities, which would indicate sustained demand for long-term platform commitments.
As reported in financial statements, Elastic maintains a consistent debt load of approximately $591.6 million as of 2026Q4, representing a stable leverage position that appears to be a strategic choice rather than a necessity-driven requirement for operational survival in the current high-interest rate environment.
The debt-to-equity ratio has trended downward from 0.84 in 2024Q3 to 0.46 in 2026Q4, reflecting a significant improvement in the company's capital structure as equity value has expanded. This manageable leverage profile suggests that the company faces minimal immediate refinancing risk, providing management with the flexibility to prioritize R&D and market expansion over debt service obligations.
Based on reported figures, Elastic's cash position reached $770.5 million in 2026Q4, providing a substantial liquidity buffer that, when paired with a current ratio of 1.59, suggests the company is well-positioned to navigate potential volatility in cloud consumption patterns or enterprise spending cycles.
The current ratio has remained consistently above 1.5 throughout the observed period, indicating that the company maintains sufficient short-term assets to cover its immediate obligations. This liquidity profile appears to be a deliberate strategy to ensure operational continuity, allowing the firm to absorb potential shocks without needing to tap into external financing markets.
As evidenced by the provided financial data, Elastic's equity base has grown to $1.3 billion by 2026Q4, though this expansion is heavily influenced by persistent stock-based compensation, which warrants careful investigation regarding the long-term impact on shareholder value and the potential for ongoing dilution.
While the growth in equity is a positive indicator of the company's maturing financial position, the reliance on equity-based incentives to attract and retain talent may mask the true underlying profitability of the business. Investors should monitor the relationship between share count growth and the company's ability to generate meaningful GAAP earnings to determine if the current equity structure is sustainable.
Quick answers to the most common questions about buying ESTC stock.
As of 2026, Elastic N.V. (ESTC) had total assets of $3.15B including $1.92B in current assets.
Elastic N.V. (ESTC) carries total debt of $591.6M, offset by $1.37B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Elastic N.V. (ESTC) has total shareholders' equity (book value) of $1.28B ($11.91 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Elastic N.V. (ESTC) reported a current ratio of 1.59x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.