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Other financials

Income statement

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Revenue$450.7M+16.0%
Gross profit$339.6M+16.8%
Operating income-$16.4M-36.5%
Net income$435.9M+2,761%
EPS (diluted)$4.07+2,813%

Balance sheet

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Cash & equivalents$768.7M+5.1%
Total debt$591.6M-0.6%
Total equity$1.3B+37.7%
Total assets$3.2B+21.6%

Cash flow

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Operating cash flow$152.7M+75.6%
CapEx$2.9M+36.8%
Free cash flow$149.8M+76.5%

Valuation

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Market cap$7.27B-14.6%
Enterprise value$7.09B-15.9%
P/E19.8×
P/S4.2×-1.3×

Profitability

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Gross margin76.1%+1.7pp
Operating margin-1.9%-0.6pp
Net margin21.1%+16.8pp
FCF margin18.5%+0.9pp

Returns & leverage

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Return on equity33.4%+26.1pp
Debt / equity0.5×-0.2×
Current ratio1.7×-0.2×

Where this comes from

Reported directly by Elastic in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Elastic’s 10-K, filed June 8, 2026.

Filed
Jun 8, 2026, 5:22 PM EDT
Fiscal year
FY2026
Accession
0001707753-26-000018
Line itemYear Ended April 30, 2026Year Ended April 30, 20252024
Total cost of revenue416,272379,873330,079
Gross profit1,323,0591,103,423937,242
Operating expenses
Research and development451,925365,758341,951
Sales and marketing710,188617,176559,648
General and administrative194,422175,186160,628
Restructuring and other related charges2254,917
Total operating expenses1,356,5351,158,3451,067,144

Item 8. Financial Statements and Supplementary Data

FAQ

What is Elastic's R&D?
Elastic (ESTC) reported R&D of $120.26M in Q1 2026.
How has Elastic's R&D changed year-over-year?
Elastic's R&D increased by 27.0% year-over-year, from $94.67M to $120.26M.
What is the long-term trend for Elastic's R&D?
Over 4 years (2022 to 2026), Elastic's R&D has grown at a 13.4% compound annual growth rate (CAGR), from $273.76M to $451.93M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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