Elastic recently released its latest 10-K report for the fiscal year ended April 30, 2026. Elastic N.V., based in Amsterdam and founded in 2012, sells software for hybrid, public, private, and multi-cloud environments in the U.S. and abroad. Its main offerings are the Elasticsearch Platform, Search & AI, Elastic Security, Elastic Observability, Kibana, and Elastic Cloud, with the platform designed to ingest, store, search, analyze, and visualize data from many formats and sources.
In Item 7, Elastic said its fiscal 2026 discussion covers the years ended April 30, 2026, 2025, and 2024, with year-over-year comparisons focused on 2026 versus 2025. The company said subscriptions accounted for 94% of total revenue in fiscal 2026 and 93% in fiscal 2025, and that its paid offerings are sold mainly through subscription agreements that typically run one to three years and are usually billed annually in advance. Elastic also said most Elastic Cloud subscriptions are consumption-based, while month-to-month cloud subscriptions are billed at the end of each month.
Revenue rose to $1.739 billion in fiscal 2026 from $1.483 billion in fiscal 2025 and $1.267 billion in fiscal 2024, a 17% increase in both fiscal 2026 and fiscal 2025. Outside the United States, revenue represented 46% of total revenue in fiscal 2026, up from 44% in fiscal 2025 and 42% in fiscal 2024. Elastic reported net income of $367.8 million in fiscal 2026, a net loss of $108.1 million in fiscal 2025, and net income of $61.7 million in fiscal 2024.
Operating cash flow improved to $326.9 million in fiscal 2026 from $266.2 million in fiscal 2025 and $148.8 million in fiscal 2024. The company ended fiscal 2026 with an accumulated deficit of $732.0 million and said it had 4,019 employees as of April 30, 2026. It also said it had over 1,720 customers with more than $100,000 in annual contract value and over 240 customers with more than $1.0 million in annual contract value as of April 30, 2026.
Elastic said it continues to invest in product development, sales, and marketing, including work on context engineering, AI models, and agentic workflows. It also said that on November 12, 2024, it added AGPL as an option for licensing the free part of Elasticsearch and Kibana source code, alongside Elastic License 2.0 and SSPL. Following these announcements, the company's shares moved -1.18%, and are now trading at a price of $61.405. Check out the company's full 10-K submission here.
