Elastic N.V.
For the period ended Jul 31, 2026. Filed Aug 28, 2026.
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Jul 31, 2026 · Filed Aug 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Leases
- Leases
The Company’s leases provide for rental of corporate office space under non-cancelable operating lease agreements that expire at various dates through fiscal 2036. The Company does not have any finance leases.
Lease Costs
Components of lease costs included in the condensed consolidated statements of operations were as follows (in thousands):
| Three Months Ended July 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating lease cost | $1,861 | $2,634 |
| Short-term lease cost | 1,001 | 670 |
| Variable lease cost | 416 | 475 |
| Total lease cost | $3,278 | $3,779 |
Lease term and discount rate information are summarized as follows:
| As ofJuly 31, 2026 | |
|---|---|
| Weighted average remaining lease term (in years) | 6.2 |
| Weighted average discount rate | 5.4% |
Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of July 31, 2026 were as follows (in thousands, by fiscal year):
| Remainder of 2027 | $5,244 |
| 2028 | 5,904 |
| 2029 | 4,018 |
| 2030 | 2,430 |
| 2031 | 2,265 |
| Thereafter | 9,903 |
| Total minimum lease payments | 29,764 |
| Less imputed interest | (5,184) |
| Present value of future minimum lease payments | 24,580 |
| Less current lease liabilities | (5,709) |
| Operating lease liabilities, non-current | $18,871 |
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