ESTC - Elastic N.V.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$59.67
DETAILS
HIGH:
$80.00
LOW:
$49.00
MEDIAN:
$50.00
CONSENSUS:
$59.67
UPSIDE:
8.87%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 1,483.3 | 1,267.3 | 1,069.0 | 862.4 | 608.5 | 427.6 | 271.7 | 159.9 | 88.2 |
| Cost of Revenue | 379.9 | 330.1 | 296.6 | 232.2 | 161.1 | 122.7 | 78.0 | 40.7 | 19.8 |
| Gross Profit | 1,103.4 | 937.2 | 772.4 | 630.2 | 447.4 | 304.9 | 193.6 | 119.2 | 68.3 |
| Operating Expenses | |||||||||
| R&D Expenses | 365.8 | 342.0 | 313.5 | 273.8 | 199.2 | 165.4 | 101.2 | 55.6 | 32.6 |
| SG&A Expenses | 792.4 | 720.3 | 646.8 | 530.1 | 377.7 | 310.7 | 193.8 | 111.5 | 82.9 |
| Other Expenses | 0.2 | 4.9 | 31.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,158.3 | 1,067.1 | 991.5 | 803.9 | 576.9 | 476.0 | 295.0 | 167.2 | 115.5 |
| Operating Income | |||||||||
| Operating Income | (54.9) | (129.9) | (219.2) | (173.7) | (129.5) | (171.1) | (101.4) | (48.0) | (47.2) |
| Interest Expense | 25.3 | 26.1 | 25.2 | 20.7 | 0.2 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||
| EBITDA | 6.1 | (78.6) | (171.5) | (157.3) | (104.3) | (156.3) | (95.7) | (42.9) | (44.0) |
| EBIT | (6.3) | (96.6) | (191.7) | (177.1) | (121.5) | (169.1) | (101.4) | (48.0) | (47.2) |
| Income Before Tax | (31.6) | (122.8) | (216.9) | (197.8) | (121.7) | (169.1) | (97.9) | (49.4) | (47.8) |
| Income Tax Expense | 76.5 | (184.5) | 19.3 | 6.1 | 7.7 | (2.0) | 4.4 | 3.4 | 4.2 |
| Net Income | (108.1) | 61.7 | (236.2) | (203.8) | (129.4) | (167.2) | (102.3) | (52.7) | (52.0) |
| Per Share Data | |||||||||
| EPS (Basic) | -1.04 | 0.62 | -2.47 | -2.20 | -1.48 | -2.12 | -1.86 | -0.85 | -0.84 |
| EPS (Diluted) | -1.04 | 0.59 | -2.47 | -2.20 | -1.48 | -2.12 | -1.86 | -0.85 | -0.84 |
| Shares Outstanding | 103.7 | 99.6 | 95.7 | 92.5 | 87.2 | 78.8 | 54.9 | 61.9 | 61.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 727.5 | 540.4 | 644.2 | 860.9 | 400.8 | 297.1 | 298 | 50.9 | 59.6 |
| Short-Term Investments | 669.7 | 544.0 | 271.0 | 0 | 0 | 0 | 0 | 0 | 15 |
| Net Receivables | 375.6 | 323.0 | 260.9 | 215.2 | 160.4 | 128.7 | 81.3 | 53.2 | 30.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 158.1 | 123.5 | 98.2 | 46.3 | 39.0 | 28.5 | 28.5 | 17.0 | 9.6 |
| Total Current Assets | 1,931.0 | 1,530.9 | 1,274.3 | 1,163.7 | 637.2 | 480.2 | 429.6 | 132.2 | 120.6 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 28.9 | 26.0 | 25.1 | 32.6 | 34.3 | 40.5 | 5.4 | 4.5 | 4.6 |
| Goodwill | 319.4 | 319.4 | 303.6 | 303.9 | 198.9 | 197.9 | 19.8 | 19.2 | 12.1 |
| Intangible Assets | 11.4 | 20.6 | 29.1 | 45.8 | 36.3 | 50.5 | 6.7 | 8.3 | 2.7 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 134.1 | 120.2 | 104.0 | 91.1 | 62.8 | 31.6 | 22.3 | 14.8 | 3.2 |
| Total Non-Current Assets | 661.8 | 711.7 | 469.2 | 479.2 | 336.0 | 323.7 | 56.1 | 50.8 | 23.8 |
| Total Assets | 2,592.9 | 2,242.6 | 1,743.5 | 1,642.9 | 973.2 | 803.9 | 485.7 | 183.0 | 144.3 |
| Current Liabilities | |||||||||
| Account Payables | 17.1 | 26.1 | 35.2 | 28.4 | 7.2 | 11.5 | 4.5 | 2.2 | 1.8 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 802.1 | 663.8 | 528.7 | 431.8 | 352.8 | 243.3 | 158.2 | 95.9 | 49.4 |
| Other Current Liabilities | 63.4 | 49.2 | 43.3 | 37.0 | 30.1 | 22.1 | 23.8 | 17.2 | 7.0 |
| Total Current Liabilities | 1,008.3 | 871.1 | 716.6 | 593.3 | 450.0 | 333.1 | 203.6 | 125.1 | 63.7 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 569.7 | 568.6 | 567.5 | 566.5 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 20.9 | 21.5 | 12.2 | 17.6 | 7.8 | 13.0 | 6.7 | 204.8 | 204.5 |
| Total Non-Current Liabilities | 657.4 | 633.3 | 628.0 | 634.2 | 72.3 | 57.2 | 19.1 | 211.4 | 209.2 |
| Total Liabilities | 1,665.6 | 1,504.4 | 1,344.6 | 1,227.5 | 522.3 | 390.3 | 222.7 | 336.5 | 272.9 |
| Stockholders' Equity | |||||||||
| Common Stock | 1.1 | 1.1 | 1.0 | 1.0 | 0.9 | 0.9 | 0.8 | 0.0 | 0.0 |
| Retained Earnings | (1,099.7) | (991.6) | (1,053.3) | (817.2) | (613.3) | (484.3) | (317.1) | (214.8) | (162.0) |
| Accumulated Other Comprehensive Income | (23.2) | (21.6) | (20.0) | (18.1) | (8.1) | (1.4) | (1.4) | (1.0) | (1.9) |
| Total Stockholders' Equity | 927.2 | 738.2 | 398.9 | 415.4 | 450.8 | 413.6 | 263.0 | (153.5) | (128.5) |
| Total Liabilities & Equity | 2,592.9 | 2,242.6 | 1,743.5 | 1,642.9 | 973.2 | 803.9 | 485.7 | 183.0 | 144.3 |
| Debt Metrics | |||||||||
| Total Debt | 595.0 | 593.7 | 594.2 | 594.2 | 28.2 | 35.5 | 0 | 0 | 0 |
| Net Debt | (132.5) | 53.3 | (49.9) | (266.7) | (372.6) | (261.6) | (298) | (50.9) | (59.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (108.1) | 61.7 | (236.2) | (203.8) | (129.4) | (167.2) | (102.3) | (52.7) | (52.0) |
| Depreciation & Amortization | 12.3 | 18.0 | 20.2 | 19.7 | 17.2 | 12.9 | 5.7 | 5.1 | 3.1 |
| Stock-Based Compensation | 257.8 | 239.1 | 204.0 | 140.6 | 93.7 | 60.0 | 39.9 | 12.7 | 18.9 |
| Change in Working Capital | (56.2) | (36.6) | (35.4) | (20.6) | 1.8 | 19.6 | 7.7 | 1.7 | 4.7 |
| Other Non-Cash Items | 102.9 | 83.7 | 84.9 | 72.3 | 39.3 | 45.7 | 21.4 | 12.7 | 8.4 |
| Operating Cash Flow | 266.2 | 148.8 | 35.7 | 5.7 | 22.5 | (30.6) | (23.9) | (20.8) | (16.1) |
| Investing Activities | |||||||||
| Capital Expenditure | (4.3) | (3.5) | (2.7) | (7.4) | (4.2) | (5.1) | (3.4) | (3.0) | (0.8) |
| Acquisitions | 0 | (19.1) | 0 | (119.9) | 0 | (24.4) | (2.0) | (3.7) | (4.5) |
| Purchases of Investments | (549.6) | (536.8) | (270.3) | 0 | 0 | 0 | 0 | 0 | (15) |
| Sales/Maturities of Investments | 435.3 | 271.4 | 0 | 0 | 0 | 0 | 0 | 15 | 0 |
| Other Investing Activities | 0 | 0 | 0 | (4.9) | 2.4 | 0.2 | (2.9) | 0 | 0 |
| Investing Cash Flow | (118.7) | (288.0) | (273.0) | (127.3) | (1.5) | (29.2) | (8.3) | 8.3 | (20.3) |
| Financing Activities | |||||||||
| Net Debt Issuance | 0 | 0 | 0 | 575 | 0 | (0.1) | (0.1) | (0.1) | (0.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.3) | (0.0) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 40.9 | 40.1 | 17.5 | 27.1 | 77.3 | 58.6 | 12.4 | 3.9 | 2.1 |
| Financing Cash Flow | 40.9 | 40.1 | 17.5 | 602.1 | 77.3 | 58.5 | 281.8 | 3.4 | 59.8 |
| Cash Position | |||||||||
| Net Change in Cash | 188.1 | (103.6) | (217.0) | 459.9 | 104.3 | (0.9) | 248.7 | (8.3) | 22.7 |
| Cash at Beginning | 543.1 | 646.6 | 863.6 | 403.7 | 299.4 | 300.3 | 51.6 | 59.9 | 37.2 |
| Cash at End | 731.2 | 543.1 | 646.6 | 863.6 | 403.7 | 299.4 | 300.3 | 51.6 | 59.9 |
| Free Cash Flow | 261.8 | 145.3 | 33.0 | (1.7) | 18.3 | (35.6) | (27.4) | (23.8) | (16.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 1,483.3 | 1,267.3 | 1,069.0 | 862.4 | 608.5 | 427.6 | 271.7 | 159.9 | 88.2 |
| Gross Profit | 1,103.4 | 937.2 | 772.4 | 630.2 | 447.4 | 304.9 | 193.6 | 119.2 | 68.3 |
| Operating Income | (54.9) | (129.9) | (219.2) | (173.7) | (129.5) | (171.1) | (101.4) | (48.0) | (47.2) |
| Net Income | (108.1) | 61.7 | (236.2) | (203.8) | (129.4) | (167.2) | (102.3) | (52.7) | (52.0) |
| EPS (Diluted) | -1.04 | 0.59 | -2.47 | -2.20 | -1.48 | -2.12 | -1.86 | -0.85 | -0.84 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 727.5 | 540.4 | 644.2 | 860.9 | 400.8 | 297.1 | 298 | 50.9 | 59.6 |
| Total Assets | 2,592.9 | 2,242.6 | 1,743.5 | 1,642.9 | 973.2 | 803.9 | 485.7 | 183.0 | 144.3 |
| Total Debt | 595.0 | 593.7 | 594.2 | 594.2 | 28.2 | 35.5 | 0 | 0 | 0 |
| Stockholders' Equity | 927.2 | 738.2 | 398.9 | 415.4 | 450.8 | 413.6 | 263.0 | (153.5) | (128.5) |
| Cash Flow | |||||||||
| Operating Cash Flow | 266.2 | 148.8 | 35.7 | 5.7 | 22.5 | (30.6) | (23.9) | (20.8) | (16.1) |
| Capital Expenditure | (4.3) | (3.5) | (2.7) | (7.4) | (4.2) | (5.1) | (3.4) | (3.0) | (0.8) |
| Free Cash Flow | 261.8 | 145.3 | 33.0 | (1.7) | 18.3 | (35.6) | (27.4) | (23.8) | (16.9) |