10 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 23.4% per year over the past 5 years.
Operating margin has expanded, at -1.9% in the latest year.
Free cash flow has grown 76.8% per year over the past 5 years.
Financial health
The company holds more cash ($769M) than total debt ($571M).
Operating income covered interest expense -1.3× in the latest year, up from -699.9× 5 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$1.7B
$368M
76.1%
-1.9%
28.8%
11.7%
$322M
$571M
$769M
2025
$1.5B
$367766
74.4%
-3.7%
0.0%
0.0%
$262M
$570M
$728M
2024
$1.3B
-$108114
74.0%
-10.3%
-0.0%
-0.0%
$145M
$569M
$540M
2023
$1.1B
$61720
72.3%
-20.5%
0.0%
0.0%
$33M
$568M
$644M
2022
$862M
-$236161
73.1%
-20.1%
-0.1%
-0.0%
$3M
$567M
$861M
2021
$608M
-$203848
73.5%
-21.3%
-0.0%
-0.0%
$19M
$0
$401M
2020
$428M
-$167M
71.3%
-40.0%
-40.4%
-20.8%
-$36M
—
$297M
2019
$272M
-$102M
71.3%
-37.3%
-38.9%
-21.1%
-$27M
—
$298M
2018
$160M
-$53M
74.5%
-30.0%
34.3%
-28.8%
-$24M
—
$51M
2017
$88M
-$52M
77.5%
-53.5%
40.4%
—
-$17M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$478M
-$17M
74.5%
-4.9%
-1.3%
-0.6%
$131M
$571M
$880M
Apr '26
$451M
$436M
75.4%
-3.6%
34.1%
13.8%
$150M
$571M
$769M
Jan '26
$450M
$8M
76.3%
0.1%
1.0%
0.3%
$42M
$571M
$737M
Oct '25
$423M
-$51M
75.9%
-1.9%
-5.8%
-2.1%
$26M
$570M
$801M
Jul '25
$415M
-$25M
76.7%
-2.3%
-2.5%
-1.0%
$104M
$570M
$662M
Apr '25
$388M
-$16M
74.8%
-3.1%
-1.8%
-0.6%
$85M
$570M
$728M
Jan '25
$382M
-$17M
74.6%
-1.2%
-2.0%
-0.7%
$87M
$569M
$584M
Oct '24
$365M
-$25M
74.5%
-1.2%
-3.1%
-1.1%
$38M
$569M
$659M
Jul '24
$347M
-$49M
73.6%
-9.7%
-6.5%
-2.3%
$52M
$569M
$595M
Apr '24
$335M
-$41M
73.8%
-13.6%
-5.6%
-1.8%
$60M
$569M
$540M
Jan '24
$328M
$176M
74.2%
-8.1%
24.9%
8.6%
$51M
$568M
$527M
Oct '23
$311M
-$25M
74.2%
-6.9%
-5.4%
-1.4%
-$3M
$568M
$590M
Jul '23
$294M
-$49M
73.6%
-12.3%
-11.8%
-2.9%
$37M
$568M
$631M
Apr '23
$280M
-$47M
73.7%
-14.3%
-11.7%
-2.7%
$26M
$568M
$644M
Jan '23
$275M
-$73M
72.6%
-25.3%
-18.9%
-4.5%
$7M
$567M
$878M
Oct '22
$264M
-$47M
71.7%
-18.5%
-12.1%
-3.0%
$10M
$567M
$856M
Jul '22
$250M
-$70M
70.8%
-24.2%
-17.7%
-4.4%
-$10M
$567M
$849M
Apr '22
$239M
-$66M
71.9%
-24.9%
-15.8%
-4.0%
-$5M
$567M
$861M
Jan '22
$224M
-$57M
72.6%
-20.5%
-13.1%
-3.6%
$5M
$566M
$864M
Oct '21
$206M
-$47M
73.8%
-18.0%
-10.5%
-3.0%
-$10M
$566M
$876M
Valuation over time
How the market has priced ESTC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 123890.4× (May '23) to 27.4× (Sep '26).
The price-to-sales ratio has fallen from 7.1× (Mar '23) to 5.8× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ESTC growing its revenue and profit?
Over the past 5 years, Elastic's revenue has grown 23.4% per year. These are computed facts, not advice.
How much debt does ESTC have?
As of FY2026, Elastic reported $571M of total debt against $769M of cash; operating income covered interest expense -1.3×.
What is ESTC's profit margin?
In FY2026, gross margin was 76.1%, operating margin -1.9%, and net margin 21.1%.
What is ESTC's P/E ratio?
As of Sep '26, Elastic traded at a price-to-earnings ratio of about 27.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.