Elastic N.V. Files 2024 10-K

TL;DR

Elastic N.V. 2024 10-K filed. Financials and business details out.

AI Summary

Elastic N.V. filed its 2024 10-K on June 14, 2024, reporting on its fiscal year ending April 30, 2024. The company, formerly known as Elastic B.V., is a software services provider incorporated in P7. Key financial data and business segments are detailed within the filing.

Why It Matters

This filing provides a comprehensive overview of Elastic N.V.'s financial performance, business operations, and risks for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: medium — The filing details various business segments and financial metrics, indicating a complex operational structure and potential risks inherent in the software industry.

Key Numbers

• 2024-04-30 — Fiscal Year End (The end date of the reporting period for the 10-K.)
• 2024-06-14 — Filing Date (The date Elastic N.V. submitted its 10-K to the SEC.)

Key Players & Entities

• Elastic N.V. (company) — Filer of the 10-K
• 20240430 (date) — Fiscal year end date
• 20240614 (date) — Filing date
• Elastic B.V. (company) — Former company name
• 7372 (number) — Standard Industrial Classification code for Services-Prepackaged Software

FAQ

Key Financial Figures

• $1.267 b — 22, respectively. Our total revenue was $1.267 billion, $1.069 billion, and $862.4 milli
• $1.069 b — . Our total revenue was $1.267 billion, $1.069 billion, and $862.4 million for the years
• $862.4 million — was $1.267 billion, $1.069 billion, and $862.4 million for the years ended April 30, 2024, 202
• $61.7 million — ively. While we recorded net income of $61.7 million for the year ended April 30, 2024, we i
• $236.2 million — ril 30, 2024, we incurred net losses of $236.2 million and $203.8 million for the years ended
• $203.8 million — curred net losses of $236.2 million and $203.8 million for the years ended April 30, 2023 and
• $148.8 m — sh provided by operating activities was $148.8 million, $35.7 million, and $5.7 million
• $35.7 m — perating activities was $148.8 million, $35.7 million, and $5.7 million for the years e
• $5.7 million — was $148.8 million, $35.7 million, and $5.7 million for the years ended April 30, 2024, 202

Filing Documents

• estc-20240430.htm (10-K) — 2218KB
• a24q4-ex10122022employeest.htm (EX-10.12) — 97KB
• a24q4ex1015-formofrsuagree.htm (EX-10.15) — 88KB
• a24q4ex1017formofpsuagreem.htm (EX-10.17) — 114KB
• a24q4-10xkex1019doddsoffer.htm (EX-10.19) — 27KB
• a24q4-ex1020xnedcompensati.htm (EX-10.20) — 24KB
• a24q4-10xkex191insidertrad.htm (EX-19.1) — 144KB
• a24q4ex211.htm (EX-21.1) — 9KB
• a24q4ex231.htm (EX-23.1) — 2KB
• a24q4ex311.htm (EX-31.1) — 11KB
• a24q4ex312.htm (EX-31.2) — 11KB
• a24q4ex321.htm (EX-32.1) — 5KB
• a24q4ex322.htm (EX-32.2) — 5KB
• a24q4-ex971clawbackpolicy.htm (EX-97.1) — 35KB
• estc-20240430_g1.jpg (GRAPHIC) — 110KB
• 0001707753-24-000014.txt ( ) — 11940KB
• estc-20240430.xsd (EX-101.SCH) — 65KB
• estc-20240430_cal.xml (EX-101.CAL) — 121KB
• estc-20240430_def.xml (EX-101.DEF) — 337KB
• estc-20240430_lab.xml (EX-101.LAB) — 880KB
• estc-20240430_pre.xml (EX-101.PRE) — 644KB
• estc-20240430_htm.xml (XML) — 1645KB

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 17 Item 1B. Unresolved Staff Comments 49 Item 1C. Cybersecurity 49 Item 2.

Properties

Properties 50 Item 3.

Legal Proceedings

Legal Proceedings 50 Item 4. Mine Safety Disclosures 50 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 51 Item 6. [Reserved] 51 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 52 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 65 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 67 Item 9. Changes in and Disagreements w ith Accountants on Accounting and Financial Disclosure 103 Item 9A.

Controls and Procedures

Controls and Procedures 103 Item 9B. Other Information 104 Item 9C. Disclosure Regarding Foreign Jurisdictions t hat Prevent Inspections 104 PART III Item 10. Directors, Executive Officers and Corporate Governance 105 Item 11.

Executive Compensation

Executive Compensation 105 Item 12.

Security Ownership of Certain Beneficial Owners and Management, and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management, and Related Stockholder Matters 105 Item 13. Certain Relationships and Related Transactions, and Director Independence 105 Item 14. Principal Accountant Fees and Services 105 PART IV Item 15. Exhibits and Financial Statement Schedules 106 Item 16. Form 10-K Summary 108

Signatures

Signatures 109 i Table of Contents General Unless the context otherwise indicates, references in this report to the terms "Elastic," "the Company," "we," "our" and "us" refer to Elastic N.V. individually and together with its consolidated subsidiaries. All information presented herein is based on our fiscal calendar. Unless otherwise stated, references to particular years, quarters, months or periods refer to the Company's fiscal years ended April 30 and the associated quarters, months and periods within those fiscal years. We refer to our fiscal year ended April 30, 2024 as "fiscal 2024," to our fiscal year ended April 30, 2023 as "fiscal 2023," and to our fiscal year ended April 30, 2022 as "fiscal 2022." Trademarks The Elastic design logo "Elastic" and our other registered or common law trademarks, service marks or trade names appearing in this Annual Report on Form 10-K are the property of Elastic N.V. and its subsidiaries. Other trademarks and trade names referred to in this Annual Report on Form 10-K are the property of their respective owners. Solely for convenience, trademarks and trade names referred to in this Annual Report on Form 10-K may appear without the or symbols. Note Regarding Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other

Business

Item 1. Business Elastic, the Search AI Company, enables our customers to find the answers they need in real time, using all of their data, at scale. The Elastic Search AI Platform ("our platform"), combines the power of search with AI to help companies solve real-time business problems, unlock potential value, and achieve better outcomes. Our platform, available as both a hosted, managed service across public clouds as well as self-managed software, allows our customers to find insights and drive AI and machine learning use cases from large amounts of data. We offer three search-powered solutions – Search, Observability, and Security – that are built on the platform. We help organizations, their employees, and their customers find what they need faster, while keeping mission-critical applications running smoothly, and protecting against cyber threats. As digital transformation drives mission-critical business functions to the cloud, we believe that every company must incorporate search AI capabilities across IT and line-of-business organizations to find the answers that matter from all of its data in real-time and at scale. Our platform is built on the Elastic Stack, a powerful set of software products that ingest data from any source, in any format, and perform search, analysis, and visualization of that data. At the core of the Elastic Stack is Elasticsearch - a highly scalable document store and search engine, and the unified data store for all of our solutions and use cases. Another component of the Elastic Stack is Kibana, which delivers a common user interface across all of our solutions, with powerful drag-and-drop visual analytics, and centralized management of the platform. Our platform also includes the Elasticsearch Relevance Engine ("ESRE"), which combines advanced AI with Elastic's text search to give developers a full suite of sophisticated retrieval algorithms and the ability to integrate with large language models. Our out-of-the-box solutions d

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View this 10-K filing on SEC EDGAR