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Elastic NV ESTC

Elastic NV scores average on business quality (5.2 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$98.23Oct 9, 2026
Business qualityAverage
Next earningsNov 16, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Elastic NV does

    Elastic provides search, logging, and security software, charging enterprises for cloud and on-premise deployments that organize massive data streams. The company is leaning into generative AI integrations to drive its search and observability platforms forward.

  2. What it does best

    Elastic turns unstructured data into instant answers across massive volumes, backed by a gross margin of 75.5%. This technical lead is protected by deep integration into enterprise developer workflows.

  3. The main risk

    A 39% stock slide highlights growth volatility and market skepticism over execution risks, as operating margins sit at negative 1.4% despite scaling revenue.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margins hover at negative 1.4% while free cash flow margin hits 41%. Scale is beginning to convert top-line growth into cash generation.

MoatFair

The moat relies on developer lock-in within enterprise search architectures, placing gross margins in the top quartile of its sector at 73% or higher.

GrowthFast

Revenue grew 17.3% to $1.8B, continuing a steady multi-year climb from $1.1B in 2023. This expansion rate outpaces broader sector trends nicely.

Financial healthWeak

With $1.4B in cash outweighing debt, the balance sheet provides a solid buffer. Free cash flow reached $349M, showing underlying cash generation despite negative operating income.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

7 sold $234.6M outside pre-planned sales.

Our sealed record on ESTC

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is ESTC a good business?

Elastic NV scores average on the Cluenex quality check (5.2 of 10), measured against its own industry. Profitability is weak, moat fair, growth fast and financial health weak.

Are insiders buying ESTC?

In the last 90 days of SEC Form 4 filings: 7 sold $234.6M outside pre-planned sales.

When does ESTC report earnings?

Nov 16, 2026.

For members

See ESTC today

  • Today's verdict on ESTC, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Elastic NV (ESTC)”, https://cluenex.com/stocks/estc/, data as of Oct 10, 2026.