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What this page is: Delvantic's full research page for Elastic N.V. (ESTC) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Elastic N.V.
ESTC NYSE
Technology · Software - Application
Amsterdam, 1016 ED, Netherlands
elastic.co
Price
$86.03
Market Cap
$8.9B
Employees
4,019
Beta
0.97
Avg Volume
1,790,807
CEO
Mr. Ashutosh Kulkarni
Elastic N.V. is a software company that provides search, observability, and security solutions built on its Elastic Search AI Platform. Its technology helps organizations search, analyze, and protect large volumes of data in real time, supporting use cases such as enterprise search, log and infrastructure monitoring, application performance, and threat detection. Elastic serves customers across industries including technology, financial services, healthcare, government, and retail, with offerings designed for cloud, hybrid, and on-premises environments. The company’s products are used by development, operations, security, and data teams that need scalable tools for managing complex data workloads. Elastic N.V. is headquartered in San Francisco, California.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 14 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 8, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+12.3%
Feb '26
+7.2%
Mar '26
+41.7%
May '26
+8.9%
May '26
+25.0%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 8, 2026 | $0.04 | $0.05 +25.0% | — | — |
| May 28, 2026 | $0.56 | $0.61 +8.9% | — | — |
| May 19, 2026 | $0.24 | $0.34 +41.7% | — | — |
| Mar 18, 2026 | $2.51 | $2.69 +7.2% | — | — |
| Feb 26, 2026 | $0.65 | $0.73 +12.3% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 13, 2026 | SCHEDULE 13G/A | View |
| Jun 24, 2026 | 8-K | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 9, 2026 | 144 | View |
| Jun 9, 2026 | 144 | View |
| Jun 9, 2026 | 144 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 8:25am (just now)
Current data · timestamped when a report runs
$86.03
Change · Aug 14
+8.87 (+11.50%)
Day Range
$77.53 – $86.70
52-Week Range
$42.05 – $96.07
50-Day MA
$62.99
200-Day MA
$63.96
Volume
4,102,409.00
Share Structure
Outstanding
104,751,470.00
Float
75,326,472.00
Free Float
71.9%
Normal free float
— 71.9% of shares trade freely, ~28.1% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
25.08
Stock Price: $86.03
EPS (Diluted): 3.43
EPS (Diluted): 3.43
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
7.23
Stock Price: $86.03
Total Equity: $1.28B
Shares: 107,220,768
Total Equity: $1.28B
Shares: 107,220,768
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
-408.85
Market Cap: $8.94B
Total Debt: $570.90M
Cash: $768.73M
EBITDA: -$21.68M
Total Debt: $570.90M
Cash: $768.73M
EBITDA: -$21.68M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$8.9B
Market Cap: $8.94B
Total Debt: $570.90M
Cash: $768.73M
Total Debt: $570.90M
Cash: $768.73M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
76.1%
Gross Profit: $1.32B
Revenue: $1.74B
Revenue: $1.74B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
-1.9%
Operating Income: -$33.48M
Revenue: $1.74B
Revenue: $1.74B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
21.1%
Net Income: $367.77M
Revenue: $1.74B
Revenue: $1.74B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
28.8%
Net Income: $367.77M
Total Equity: $1.28B
Total Equity: $1.28B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
496.0%
Operating Income: -$33.48M
Tax Rate: 16,082.9%
Equity: $1.28B
Total Debt: $570.90M
Cash: $768.73M
Tax Rate: 16,082.9%
Equity: $1.28B
Total Debt: $570.90M
Cash: $768.73M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.68
Current Assets: $2.02B
Current Liabilities: $1.20B
Current Liabilities: $1.20B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.45
Short-Term Debt: $0.00
Long-Term Debt: $570.90M
Total Debt: $570.90M
Total Equity: $1.28B
Long-Term Debt: $570.90M
Total Debt: $570.90M
Total Equity: $1.28B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$16.22
Revenue: $1.74B
Shares: 107,220,768
Shares: 107,220,768
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$11.91
Total Equity: $1.28B
Shares: 107,220,768
Shares: 107,220,768
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$3.00
Operating CF: $326.89M
CapEx: -$5.09M
Shares: 107,220,768
CapEx: -$5.09M
Shares: 107,220,768
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $86.03
Stock Price: $86.03
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $367.77M
Net Income: $367.77M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 14, 2026 8:25am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $862.4M | $1.1B | $1.3B | $1.5B | $1.7B |
| Cost of Revenue | $232.2M | $296.6M | $330.1M | $379.9M | $416.3M |
| Gross Profit | $630.2M | $772.4M | $937.2M | $1.1B | $1.3B |
| Operating Expenses | $803.9M | $991.5M | $1.1B | $1.2B | $1.4B |
| Operating Income | -$173.7M | -$219.2M | -$129.9M | -$54.9M | -$33.5M |
| Net Income | -$203.8M | -$236.2M | $61.7M | -$108.1M | $367.8M |
| EBITDA | -$154.0M | -$198.9M | -$111.9M | -$42.6M | -$21.7M |
| EPS | $-2.20 | $-2.47 | $0.62 | $-1.04 | $3.49 |
| EPS (Diluted) | $-2.20 | $-2.47 | $0.59 | $-1.04 | $3.43 |
Balance Sheet (Annual)
Last updated: Aug 14, 2026 8:25am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $860.9M | $644.2M | $540.4M | $727.5M | $768.7M |
| Total Current Assets | $1.2B | $1.3B | $1.5B | $1.9B | $2.0B |
| Total Assets | $1.6B | $1.7B | $2.2B | $2.6B | $3.2B |
| Current Liabilities | $593.3M | $716.6M | $871.1M | $1.0B | $1.2B |
| Long-Term Debt | $566.5M | $567.5M | $568.6M | $569.7M | $570.9M |
| Total Liabilities | $1.2B | $1.3B | $1.5B | $1.7B | $1.9B |
| Total Equity | $415.4M | $398.9M | $738.2M | $927.2M | $1.3B |
| Retained Earnings | -$817.2M | -$1.1B | -$991.6M | -$1.1B | -$732.0M |
Cash Flow (Annual)
Last updated: Aug 14, 2026 8:25am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $5.7M | $35.7M | $148.8M | $266.2M | $326.9M |
| Capital Expenditure | -$2.5M | -$2.7M | -$3.5M | -$4.3M | -$5.1M |
| Free Cash Flow | $3.2M | $33.0M | $145.3M | $261.8M | $321.8M |
| Acquisitions (net) | -$119.9M | $0 | -$19.1M | $0 | -$36.8M |
| Net Debt Issued / (Repaid) | $575.0M | $0 | $0 | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | — | — | $0 | $0 | -$340.1M |
| Net Change in Cash | $459.9M | -$217.0M | -$103.6M | $188.1M | $39.3M |
Growth Trends (YoY %)
Last updated: Aug 14, 2026 8:25am (just now)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +24.0% | +18.6% | +17.0% | +17.3% |
| Gross Profit Growth | +22.6% | +21.3% | +17.7% | +19.9% |
| Operating Income Growth | -26.2% | +40.7% | +57.7% | +39.0% |
| Net Income Growth | -15.9% | +126.1% | -275.2% | +440.2% |
| EBITDA Growth | -29.2% | +43.7% | +61.9% | +49.1% |
Industry Benchmarks
Compares ESTC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ESTC — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for ESTC — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for ESTC — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for ESTC — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37