← Elastic N.V.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($52.7m) | ($102.3m) | ($167.2m) | ($129.4m) | ($203.8m) | ($236.2m) | $61.7m | ($108.1m) | $367.8m | |
| Depreciation and amortization | $5.1m | $5.7m | $12.9m | $17.2m | $19.7m | $20.2m | $18.0m | $12.3m | $11.8m | |
| Amortization of premium and accretion of discount on marketable securities, net | — | — | — | $0 | $0 | ($772k) | ($8.8m) | ($7.2m) | ($3.4m) | |
| Amortization of deferred contract acquisition costs | $12.7m | $21.4m | $28.3m | $41.0m | $60.7m | $68.9m | $78.5m | $96.7m | $111.1m | |
| Amortization of debt issuance costs | — | — | $0 | $0 | $803k | $1.0m | $1.1m | $1.1m | $1.2m | |
| Deferred income taxes | ($323k) | $3.6m | ($1.5m) | $33k | ($2.4m) | ($2.0m) | ($217.2m) | $57.4m | ($398.6m) | |
| Non-cash operating lease cost | ($20.8m) | $0 | $7.4m | $7.9m | $8.6m | $10.9m | $11.0m | $10.0m | $8.9m | |
| Operating lease liabilities | — | $0 | ($6.7m) | ($7.9m) | ($8.9m) | ($11.4m) | ($12.4m) | ($11.9m) | ($9.8m) | |
| Cash paid for operating lease liabilities | ($20.8m) | $0 | $7.4m | $9.0m | $10.1m | $13.1m | $14.0m | $13.1m | $10.6m | |
| Operating lease right-of-use assets for new lease obligations | — | $0 | $12.3m | $1.1m | $9.0m | $10.9m | $11.5m | $11.8m | $5.1m | |
| Stock-based compensation expense | $12.7m | $39.9m | $60.0m | $93.7m | $140.6m | $204.0m | $239.1m | $257.8m | $298.4m | |
| Unrealized foreign currency transaction loss | — | $0 | $0 | $9.5m | ($2.0m) | $1.4m | ($1.9m) | $2.2m | $790k | |
| Other | $0 | ($2.9m) | $249k | $2.7m | $0 | $0 | ($34k) | $39k | ($521k) | |
| Accounts receivable, net | ($21.6m) | ($29.8m) | ($46.8m) | ($24.0m) | ($62.2m) | ($46.4m) | ($63.5m) | ($48.9m) | ($86.8m) | |
| Deferred contract acquisition costs | ($20.5m) | ($30.0m) | ($46.2m) | ($81.1m) | ($96.8m) | ($102.0m) | ($119.8m) | ($106.7m) | ($163.7m) | |
| Prepaid expenses and other current assets | ($6.9m) | ($18.0m) | ($3.0m) | ($4.2m) | ($3.4m) | $1.3m | ($2.9m) | ($25.3m) | ($11.7m) | |
| Other assets | ($8.5m) | ($3.3m) | $5.6m | ($4.1m) | $825k | $8.5m | $1.9m | ($10.8m) | $5.0m | |
| Accounts payable | ($23k) | $2.2m | $6.0m | ($4.8m) | $21.0m | $6.3m | ($10.0m) | ($9.0m) | ($9.0m) | |
| Accrued expenses and other liabilities | $5.4m | $10.9m | $5.2m | $8.1m | $27.2m | $4.3m | $18.1m | $9.8m | $11.2m | |
| Accrued compensation and benefits | $8.0m | $3.8m | $19.7m | $3.9m | $17.8m | $8.3m | $17.4m | ($546k) | $25.0m | |
| Deferred revenue | $45.8m | $71.9m | $85.7m | $115.9m | $83.8m | $95.6m | $134.6m | $147.1m | $168.6m | |
| Purchases of property and equipment | ($3.0m) | ($3.4m) | ($5.1m) | ($3.9m) | ($2.5m) | ($2.7m) | ($3.5m) | ($4.3m) | ($5.1m) | |
| Purchases of marketable securities | — | — | — | $0 | $0 | $270.3m | $536.8m | ($549.6m) | ($528.9m) | |
| Sales, maturities, and redemptions of marketable securities | — | — | — | — | $0 | $0 | $271.4m | $435.3m | $597.4m | |
| Proceeds from issuance of ordinary shares under employee stock purchase plan | — | — | — | — | $0 | $0 | $19.1m | $23.1m | $25.0m | |
| Proceeds from issuance of ordinary shares upon exercise of stock options | $2.3m | $18.6m | $61.5m | $77.3m | $36.4m | $17.5m | $20.9m | $17.9m | $2.8m | |
| Repurchases of ordinary shares | ($344k) | $0 | $0 | — | — | — | $0 | $0 | ($340.1m) | |
| Property and equipment included in accounts payable | — | — | — | $10k | $150k | $121k | $398k | $305k | $294k | |
| Acquisition-related indemnity holdback | — | — | $0 | $0 | $6.0m | $0 | $3.0m | $0 | $8.3m | |
| Net cash provided by operating activities | ($20.8m) | ($23.9m) | ($30.6m) | $22.5m | $5.7m | $35.7m | $148.8m | $266.2m | $326.9m | |
| Business acquisitions, net of cash acquired | ($3.7m) | ($2.0m) | ($24.4m) | $0 | ($119.9m) | $0 | ($19.1m) | $0 | ($36.8m) | |
| Net cash provided by (used in) investing activities | $8.3m | ($8.3m) | ($29.2m) | ($1.5m) | ($127.3m) | ($273.0m) | ($288.0m) | ($118.7m) | $26.1m | |
| Net cash (used in) provided by financing activities | $3.4m | $281.8m | $58.5m | $77.3m | $602.1m | $17.5m | $40.1m | $40.9m | ($312.3m) | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $781k | ($897k) | $321k | $6.0m | ($20.6m) | $2.8m | ($4.4m) | ($322k) | ($1.4m) | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | ($8.3m) | $248.7m | ($891k) | $104.3m | $459.9m | ($217.0m) | ($103.6m) | $188.1m | $39.3m | |
| Cash, cash equivalents, and restricted cash, beginning of period | $59.9m | $51.6m | $300.3m | $299.4m | $403.7m | $646.6m | $543.1m | $731.2m | $770.5m | |
| Cash paid for interest | $14k | $9k | $2k | $0 | $13.0m | $24.1m | $25.1m | $24.2m | $24.0m | |
| Cash paid for income taxes, net | $3.2m | $3.1m | $3.5m | ($423k) | $4.0m | $11.6m | $24.2m | $22.0m | $28.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.