Elastic N.V.

For the period ended Jul 31, 2026. Filed Aug 28, 2026.

About this filing

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.

Jul 31, 2026 · Filed Aug 28, 2026

ESTC$90.26+4.9%Stored close · as of Nov 9, 2026

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Contents

Balance Sheet Components

Balance Sheet Components

Property and Equipment, Net

The cost and accumulated depreciation of property and equipment were as follows (in thousands):

	Useful Life (in years)	As ofJuly 31, 2026	As ofApril 30, 2026
Leasehold improvements	Lesser of estimated useful life or remaining lease term	$12,162	$9,774
Computer hardware and software	3	4,638	4,066
Furniture and fixtures	3-5	6,066	5,163
Assets under construction		8	3,575
Total property and equipment		22,874	22,578
Less: accumulated depreciation		(14,702)	(13,987)
Property and equipment, net		$8,172	$8,591

Depreciation expense related to property and equipment was $0.7 million for the three months ended July 31, 2026 and 2025.

Intangible Assets, Net

Intangible assets consisted of the following as of July 31, 2026 (in thousands):

Gross Fair Value · Accumulated Amortization · Net Book Value · Weighted AverageRemainingUseful Life(in years)
Developed technology	$85,291		$74,824	$10,467	2.2
Foreign currency translation adjustment		(24)
Total			$10,443

Intangible assets consisted of the following as of April 30, 2026 (in thousands):

Gross Fair Value · Accumulated Amortization · Net Book Value · Weighted AverageRemainingUseful Life(in years)
Developed technology	$85,291		$72,208	$13,083	2.2
Foreign currency translation adjustment		(24)
Total			$13,059

Amortization expense for the intangible assets for the three months ended July 31, 2026 and 2025 was as follows (in thousands):

	Three Months Ended July 31,
	2026	2025
Cost of revenue – subscription	$2,616	$1,576
Total amortization of acquired intangible assets	$2,616	$1,576

The expected future amortization expense related to the intangible assets as of July 31, 2026 was as follows (in thousands, by fiscal year):

Remainder of 2027	$4,685
2028	3,413
2029	1,501
2030	798
2031	46
Total	$10,443

Goodwill

The following table represents the changes to goodwill (in thousands):

	Carrying Amount
Balance as of April 30, 2026	$356,442
Measurement period adjustments	157
Foreign currency translation adjustment	(19)
Balance as of July 31, 2026	$356,580

There wasno impairment of goodwill during the three months ended July 31, 2026 and 2025.

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following (in thousands):

	As ofJuly 31, 2026	As ofApril 30, 2026
Accrued expenses	$47,697	$44,109
Income taxes payable	7,353	12,899
Value added taxes payable	3,044	12,837
Accrued interest	988	6,918
Other	18,840	19,950
Total accrued expenses and other liabilities	$77,922	$96,713

Accrued Compensation and Benefits

Accrued compensation and benefits consisted of the following (in thousands):

	As ofJuly 31, 2026	As ofApril 30, 2026
Accrued vacation	$43,295	$46,702
Accrued commissions	18,659	46,420
Accrued payroll and withholding taxes	9,894	11,138
Other	27,764	14,971
Total accrued compensation and benefits	$99,612	$119,231

Allowance for Credit Losses

The following is a summary of the changes in the Company’s allowance for credit losses (in thousands):

	Three Months Ended July 31,
	2026	2025
Beginning balance	$6,847	$5,510
(Reversal of) provision for expected credit losses	(1,495)	845
Accounts written off	(209)	(1,117)
Ending balance	$5,143	$5,238

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.