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Elastic (ESTC)

SaaS · IPO 2018 · FY ends Apr · Historical SBC from SEC EDGAR

Financials (2025)
Revenue
$1.5B
Revenue Growth YoY
17.0%
EBITDA
negative
Net Income
$-108M
Stock Price
—
Market Cap
—
Stock-Based Compensation (2025)
SBC Expense
$258M
SBC % of Revenue
17.4%
SBC % of EBITDA
neg EBITDA
SBC % of Market Cap
—
Buybacks
—
Unrecognized SBC
—
SBC % of Revenue — Historical
SBC vs Buybacks ($M) — Historical
SBC % Revenue vs SBC % Market Cap
Revenue-based SBC % is the P&L view. Market-cap-based % is the shareholder dilution view — how much of the company is given away each year.
Market Cap vs Cumulative SBC
Total SBC expense paid since earliest data year vs current market cap. Shows the cumulative cost of stock-based compensation relative to company size.
GAAP vs "Adjusted" Earnings
GAAP net income already includes SBC as a real expense. But many companies highlight "adjusted" earnings that add SBC back, flattering profitability. The orange gap shows how much non-GAAP metrics overstate real earnings each year.
Ownership Retained Over Time
100 = your original ownership at the earliest data year. Net share issuance drives this down.
Annual Gross Dilution vs Buyback Offset
Red = gross share issuance from SBC. Green = shares retired via buybacks. Both as % of prior-year shares.
Year-by-Year Detail
Year SBC ($) Revenue ($) EBITDA ($) SBC % Rev SBC % EBITDA Rev Growth Buybacks ($) Net Income ($) Shares (EOY) Price (EOY) Market Cap SBC % MCap Unrecognized SBC ($)
2025 $258M $1.5B $-52M 17.4% neg 17.0% — $-108M 105,534,887 — — — —
2024 $239M $1.3B $-126M 18.9% neg 18.6% — $62M 101,715,185 — — — —
2023 $204M $1.1B $-216M 19.1% neg 24.0% — $-236M 97,390,886 — — — —
2022 $141M $862M $-170M 16.4% neg 41.7% — $-204M 94,857,635 — — — —
2021 $94M $608M $-126M 15.4% neg 42.3% — $-129M 91,502,880 — — — —
2020 $60M $428M $-168M 14.0% neg 57.4% $0 $-167M 85,282,748 — — — —
2019 $40M $272M $-99M 14.7% neg 69.9% $0 $-102M 75,354,059 — — — —
2018 $13M $160M $-45M 8.0% neg 81.4% $344K $-53M — — — — —
2017 IPO $19M $88M $-45M 21.4% neg — $25K $-52M — — — — —