Elastic N.V. — Form 8-K
Filed August 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Elastic N.V. reported Q1 FY27 (ended July 31, 2026) total revenue of $478M (+15% YoY), subscription revenue $449M (+15% YoY), and current remaining performance obligations (cRPO) of $1.153B (+21% YoY, 20% constant currency). Customer cohort with >$100K ACV reached record levels at 1,800+ vs. 1,720 in Q4 FY26. Non-GAAP operating margin 16.2% and non-GAAP EPS $0.70. The company acquired Deductive AI and repurchased 0.8M shares ($40M at $49.71/share). FY27 revenue guidance $1.998–2.010B (+15.2% midpoint YoY).
Why this rating
Strong YoY growth (15% revenue, 21% cRPO) and record customer additions support momentum. However, at ~$9.4B market cap, $478M quarterly revenue is mature-scale; growth rates are solid but not exceptional. Acquisition and buyback are modest relative to company size. Guidance met/beat but suggests decelerating growth trajectory (15% guidance vs. 20–27% historical rates). Material but not transformational.
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