Elastic N.V.(ESTC)Stock Analysis
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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
ESTC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Elastic N.V. (ESTC), a Technology sector company. ESTC is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q4 2026), Elastic N.V. reports quarterly revenue of $450.7M, net income of $435.9M, an operating margin of -3.6%. Top institutional holders of ESTC by reported 13-F value include AQR CAPITAL MANAGEMENT, BlackRock,, Pictet Asset Management Holding SA, based on the most recent SEC filings. ESTC trades on the NYSE exchange and files with the SEC under CIK 1707753. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ESTC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Elastic N.V. directly from SEC EDGAR.
Revenue
Q4 2026
$450.7M
Net Income
Q4 2026
$435.9M
Free Cash Flow
Q4 2026
$149.8M
Operating Margin
Q4 2026
-3.6%
D/E Ratio
Q4 2026
0.45
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+62.7% YoYNet Income
+255.7% YoYOperating Income
+84.7% YoYEPS (Diluted)
+238.9% YoYTotal Assets
+80.8% YoYTotal Debt
+0.6% YoYOp. Cash Flow
+816.6% YoY| Metric | FY 2026 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $1.74B +62.7% | $1.07B +24.0% | $862.4M +41.7% | $608.5M +42.3% | $427.6M +57.4% | $271.7M |
| Net Income | $367.8M +255.7% | $-236.2M -15.9% | $-203.8M -57.5% | $-129.4M +22.6% | $-167.2M -63.4% | $-102.3M |
| Operating Income | $-33.5M +84.7% | $-219.2M -26.2% | $-173.7M -34.1% | $-129.5M +24.3% | $-171.1M -68.8% | $-101.4M |
| EPS (Diluted) | $3.43 +238.9% | $-2.47 -12.3% | $-2.20 -48.6% | $-1.48 +30.2% | $-2.12 | — |
| Total Assets | $3.15B +80.8% | $1.74B +6.1% | $1.64B +68.8% | $973.2M +21.1% | $803.9M +65.5% | $485.7M |
| Total Debt | $570.9M +0.6% | $567.5M +0.2% | $566.5M | $0.00 | — | — |
| Operating Cash Flow | $326.9M +816.6% | $35.7M +528.7% | $5.7M -74.8% | $22.5M +173.8% | $-30.6M -27.7% | $-23.9M |
AI Insight: ESTC Financial Trends
Elastic swung to profitability in Q2 2026 with $436M net income, though operating income turned negative and operating cash flow halved sequentially.
• Revenue grew 34.6% from Q2 2024 ($335M) to Q2 2026 ($451M), with consistent quarterly acceleration through Q1 2026.
• Net income moved from -$41M loss in Q2 2024 to +$8M profit in Q1 2026, then surged to +$436M in Q2 2026.
• Total debt remained flat at ~$570M across 8 quarters while equity grew 73% from $738M to $1,276M.
⚠ Operating income deteriorated to -$16M in Q2 2026 from -$8M in Q4 2025; Q1 2026 near-breakeven suggests margin inflection risk.
⚠ Operating cash flow collapsed 59% to $27M in Q4 2025, then $43M in Q1 2026, now $153M in Q2 2026—volatility warrants investigation.
AI Insight: ESTC Ratio Trends
Elastic swung to TTM profitability with 21.1% net margin, but Q2 2026's 96.7% NPM masks earnings volatility and negative operating margin persists.
• Operating margin improved from -13.7% in Q2 2024 to -1.9% TTM, approaching breakeven despite Q2 2026 regression to -3.6%.
• Net profitability inflected sharply: TTM NPM of 21.1% vs. -12.3% two years ago, though Q2 2026 spike suggests one-time gains.
• Debt-to-equity improved to 0.45 TTM from 0.77 in Q2 2024, indicating meaningful deleveraging and balance-sheet strengthening.
⚠ Q2 2026 NPM of 96.7% vs. Q1 2026's 1.7% signals extreme earnings volatility; operating losses ongoing despite net profitability.
⚠ ROIC remains deeply negative (-1.8% TTM, -3.5% in Q2 2026), indicating capital is not earning returns despite leverage reduction.
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Available Research
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Top Institutional Holders of ESTC
AQR CAPITAL MANAGEMENT LLC
$377.5M7,551,713 shBlackRock, Inc.
$345.5M6,910,628 shPictet Asset Management Holding SA
$324.5M6,492,717 shVANGUARD PORTFOLIO MANAGEMENT LLC
$276.3M5,527,204 shVANGUARD CAPITAL MANAGEMENT LLC
$203.3M4,066,388 shD. E. Shaw & Co., Inc.
$173.1M3,462,254 shFIL Ltd
$168.9M3,377,961 shFIRST TRUST ADVISORS LP
$131.4M2,627,636 shAlyeska Investment Group, L.P.
$117.9M2,358,270 shFreestone Grove Partners LP
$113.2M2,264,806 sh
| Fund | Value | Shares |
|---|---|---|
| AQR CAPITAL MANAGEMENT LLC | $377.5M | 7,551,713 |
| BlackRock, Inc. | $345.5M | 6,910,628 |
| Pictet Asset Management Holding SA | $324.5M | 6,492,717 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $276.3M | 5,527,204 |
| VANGUARD CAPITAL MANAGEMENT LLC | $203.3M | 4,066,388 |
| D. E. Shaw & Co., Inc. | $173.1M | 3,462,254 |
| FIL Ltd | $168.9M | 3,377,961 |
| FIRST TRUST ADVISORS LP | $131.4M | 2,627,636 |
| Alyeska Investment Group, L.P. | $117.9M | 2,358,270 |
| Freestone Grove Partners LP | $113.2M | 2,264,806 |
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Popular Research
Is ESTC a good stock to buy?
13F Pro's AI-powered analysis of Elastic N.V. (ESTC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ESTC are available on the ESTC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ESTC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ESTC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Elastic N.V.'s investment landscape.