Elastic NV
For the period ended Jan 31, 2025. Filed Feb 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2025 · Filed Feb 28, 2025
ESTC$87.25-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended January 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net (loss) income | $(91,733) | $102,820 |
| Adjustments to reconcile net (loss) income to cash provided by operating activities: | ||
| Depreciation and amortization | 10,024 | 13,853 |
| Amortization of premium and accretion of discount on marketable securities, net | (5,785) | (6,396) |
| Amortization of deferred contract acquisition costs | 71,487 | 56,392 |
| Amortization of debt issuance costs | 833 | 798 |
| Non-cash operating lease cost | 7,760 | 8,148 |
| Stock-based compensation expense | 192,242 | 176,344 |
| Deferred income taxes | 56,175 | (210,278) |
| Unrealized foreign currency transaction loss | 1,302 | 2,267 |
| Other | (14) | (34) |
| Changes in operating assets and liabilities, net of impact of business acquisitions: | ||
| Accounts receivable, net | 51,537 | 31,044 |
| Deferred contract acquisition costs | (66,970) | (74,089) |
| Prepaid expenses and other current assets | (12,906) | (5,512) |
| Other assets | (2,719) | 639 |
| Accounts payable | (16,710) | (25,212) |
| Accrued expenses and other liabilities | (12,800) | 1,428 |
| Accrued compensation and benefits | (10,211) | 1,509 |
| Operating lease liabilities | (9,489) | (9,096) |
| Deferred revenue | 17,166 | 23,189 |
| Net cash provided by operating activities | 179,189 | 87,814 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (2,228) | (2,605) |
| Business acquisitions, net of cash acquired | — | (18,951) |
| Purchases of marketable securities | (388,771) | (358,273) |
| Sales, maturities, and redemptions of marketable securities | 242,988 | 150,223 |
| Net cash used in investing activities | (148,011) | (229,606) |
| Cash flows from financing activities | ||
| Proceeds from issuance of ordinary shares under employee stock purchase plan | 10,464 | 9,111 |
| Proceeds from issuance of ordinary shares upon exercise of stock options | 8,013 | 19,490 |
| Net cash provided by financing activities | 18,477 | 28,601 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (5,137) | (3,782) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 44,518 | (116,973) |
| Cash, cash equivalents, and restricted cash, beginning of period | 543,089 | 646,640 |
| Cash, cash equivalents, and restricted cash, end of period | $587,607 | $529,667 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $24,560 | $24,156 |
| Cash paid for income taxes, net | $15,868 | $19,764 |
| Cash paid for operating lease liabilities | $10,266 | $10,510 |
| Supplemental disclosures of non-cash investing and financing information | ||
| Property and equipment included in accounts payable | $167 | $359 |
| Operating lease right-of-use assets for new lease obligations | $2,916 | $11,235 |
| Acquisition-related indemnity holdback | $— | $3,125 |
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