On October 13, 2025, Elastic N.V.'s board approved a special one-time performance-based equity award for CEO Ashutosh Kulkarni, with a grant date fair value of $29.3 million.
The award, consisting of performance-based restricted stock units (PSUs), is designed to incentivize Mr. Kulkarni's leadership in executing the Company's transformational growth strategy, specifically in positioning Elastic as a leading developer platform for Generative AI.
Vesting of the award is contingent on achieving rigorous share price appreciation goals, relative total shareholder return (rTSR) performance, and Mr. Kulkarni's continued service as CEO over a five-year term.
The PSUs are divided into four tranches with share price goals ranging from $121.69 (+40%) to $198.15 (+129%), measured from a baseline of $86.61 per share, offering Mr. Kulkarni the opportunity to earn up to 456,491 ordinary shares.

Oct 15, 2025, 8:50 PM

8-K

Elastic Announces Share Buyback Program and Increased Revenue Guidance

ESTC

Share Buyback

Guidance Update

Revenue Acceleration/Inflection

Elastic N.V. announced a $500 million share repurchase program with no expiration date, planning to complete at least half of the buybacks in fiscal 2026.
Following this announcement, Elastic's shares surged over 9% in after-hours trading.
The company also increased its second-quarter fiscal 2026 revenue guidance to $417 million to $419 million.
Despite strong gross margins around 75%, Elastic reported ongoing net losses with a negative net margin of -5.38% and an earnings per share (EPS) of -0.8.
Elastic demonstrates strong liquidity with a current ratio and quick ratio both at 2.09, and a balanced debt level with a debt-to-equity ratio of 0.61.

Oct 9, 2025, 11:43 PM

Morningstar

Elastic N.V. Announces Share Repurchase Program

ESTC

Share Buyback

Elastic N.V. announced on October 9, 2025, that its Board of Directors approved a share repurchase program.
The program authorizes the company to repurchase up to $500 million of its outstanding ordinary shares.
The share repurchase program does not have an expiration date.
Elastic's Chief Financial Officer, Navam Welihinda, stated that the program reflects confidence in the company's business, strategy, and execution, supported by a disciplined capital allocation approach and strong balance sheet.

Oct 9, 2025, 8:47 PM

8-K

Elastic Announces $500 Million Share Repurchase Program

ESTC

Share Buyback

Elastic's Board of Directors has approved a share repurchase program authorizing the company to repurchase up to $500 million of its outstanding ordinary shares.
The repurchase program does not have an expiration date.
Navam Welihinda, Chief Financial Officer of Elastic, stated that the program reflects the Board and management team's confidence in the company's business, strategy, and execution, and its disciplined capital allocation approach.
The timing and amount of repurchases will depend on factors such as share price, business and market conditions, and other considerations, and the program can be modified, suspended, or terminated at any time.

Oct 9, 2025, 8:45 PM

Press Release

Elastic (ESTC) Updates FY2026 Guidance and Outlines Medium-Term Financial Framework

ESTC

Guidance Update

Revenue Acceleration/Inflection

Share Buyback

Elastic (ESTC) updated its FY2026 total revenue guidance to $1.697 billion to $1.703 billion, representing a year-over-year growth of 15%, and projects a Non-GAAP Operating Margin of approximately 16.25% for the fiscal year.
The company demonstrated consistent margin expansion, achieving a Non-GAAP Operating Margin of 15% and an Adjusted Free Cash Flow Margin of 19% in FY2025.
Elastic targets medium-term sales-led subscription revenue growth of over 20%, including 5%+ from GenAI tailwinds, and aims for Non-GAAP Operating and Adjusted Free Cash Flow Margins greater than 20%.
Customer momentum is strong, with over 1,550 customers exceeding $100K ACV and over 215 customers exceeding $1M ACV as of Q1'26, with GenAI customers contributing 62% of the net expansion for the FY24 cohort in FY25.
A $500 million share repurchase authorization was announced, with over 50% of the full authorization planned for FY2026.

Oct 9, 2025, 6:00 PM

Presentation

Elastic Announces New AI Capabilities, Updates FY26 Guidance, and Initiates Share Repurchase Program

ESTC

Product Launch

Guidance Update

Share Buyback

Elastic announced new generative AI capabilities, including Agent Builder and the Elastic Inference Service, and acquired Jina AI to enhance its multilingual and multimodal model offerings.
The company updated its guidance for Q2 total revenue to $417 million to $419 million and FY 2026 total revenue to $1.697 billion to $1.703 billion, representing 15% year-over-year growth.
Elastic expects FY 2026 non-GAAP operating margins to be 16.25% and targets a midterm 20%+ sales-led subscription revenue growth and 40%+ Rule of 40.
A $500 million share repurchase program was authorized, with over 50% expected to be used in fiscal 2026, and the company plans to return 50% of free cash flow through repurchases.
Generative AI is a significant growth driver, with the FY 2024 customer cohort showing 42% year-one to year-two growth due to its impact, and customers using generative AI experiencing a 6% tailwind in expansion rate.

Oct 9, 2025, 6:00 PM

Transcript

Elastic Launches GPU-Accelerated Inference Service

ESTC

Product Launch

New Projects/Investments

Elastic (NYSE: ESTC) announced the Elastic Inference Service (EIS), a new GPU-accelerated inference-as-a-service designed for Elasticsearch semantic search, vector search, and generative AI workflows.
EIS aims to provide speed, scalability, and cost efficiency for customers by offering API-based inference using NVIDIA GPUs, with GPU-accelerated inference providing up to 10x higher throughput for ingest compared to CPU-based alternatives.
The service is available on Serverless and Elastic Cloud Hosted deployments across all CSPs and regions, featuring consumption-based pricing charged per model per million tokens.

Oct 9, 2025, 3:02 PM

Press Release

Elastic Completes Acquisition of Jina AI

ESTC

M&A

New Projects/Investments

Elastic (NYSE: ESTC) has completed the acquisition of Jina AI, a leader in open source multimodal and multilingual embeddings, reranker, and small language models.
This acquisition deepens Elastic's capabilities in vector search, retrieval-augmented generation (RAG), and context engineering, strengthening its position as a leading Search AI Platform.
The acquisition broadens Elastic's leadership in relevance for unstructured data by adding dense vector, multilingual, and multimodal embeddings models, advanced rerankers, and specialized small language models.
Han Xiao, former CEO of Jina AI, has been appointed VP of AI at Elastic.
Jina AI's models will be available for enterprise use through the Elastic Inference Service (EIS) on Elastic Cloud.

Oct 9, 2025, 1:02 PM

Press Release

Elastic Reports Strong Q1 Performance and Strategic Advancements in AI and Cloud Offerings

ESTC

Revenue Acceleration/Inflection

Product Launch

New Projects/Investments

Elastic reported strong Q1 results, with total top-line revenue growing 20% and sales-led revenue (excluding monthly cloud) growing 22%, achieving an operating margin just below 16%.
In Q1, Elastic implemented price increases for its self-managed and cloud businesses, which positively impacted consumption and were supported by added platform value that reduces customer total cost of ownership.
The company launched a serverless cloud offering that is fully managed and available on major cloud providers, designed to enhance margins and reduce costs for customers.
Elastic is strategically positioned in the generative AI market, having developed vector database capabilities since 2017 to support the entire workflow for building AI applications.
Elastic is expanding its security and observability offerings, including highly-rated EDR capabilities, and is leveraging AI to enhance these platforms and drive customer consolidation.

Sep 11, 2025, 2:30 PM

Transcript

Elastic Discusses Strong Q1 Results and AI Strategy

ESTC

Revenue Acceleration/Inflection

Product Launch

New Projects/Investments

Elastic reported strong Q1 results, with total top line revenue growing 20% and sales-led revenue increasing 22%, achieving an operating margin just below 16%.
The company is strategically positioned in the Generative AI market, having been a vector database since 2017, providing essential search capabilities to deliver context to large language models.
Elastic is experiencing success in its security and observability segments, expanding its offerings into EDR and cloud security and leveraging AI to automate tasks and improve efficiency for users.
A new fully managed serverless cloud offering recently went generally available across major cloud providers, designed to improve efficiency, provide better margins, and lower costs for customers.

Sep 11, 2025, 2:30 PM

Transcript

Filings & Transcripts

View All Documents

Recent SEC filings and earnings call transcripts for ESTC.

No recent filings or transcripts found for ESTC.