{
 "ticker": "ESTC",
 "name": "Elastic",
 "url": "https://grantbishop.pages.dev/index/ESTC",
 "sells": "Elastic sells search and analytics software that helps companies find and make sense of their data.",
 "why": "We follow it because its business sits among the companies whose business is AI itself.",
 "questions": [
  {
   "slug": "ai-itself",
   "question": "Whose business is AI itself?",
   "url": "https://grantbishop.pages.dev/index/q/ai-itself"
  }
 ],
 "tests": [
  {
   "id": "W-6",
   "claim": "Spending on the AI build is running ahead of the revenue it produces.",
   "url": "https://grantbishop.pages.dev/claims/ai-spending-ahead-of-revenue"
  }
 ],
 "reports_next": {
  "date": "2026-11-19",
  "event": "results for the quarter ending Oct 2026",
  "kind": "expected",
  "source": "expected, per Nasdaq"
 },
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-08-28",
  "period": "2026-07-31",
  "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000054/estc-20260731.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-08-28 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": {
   "date": "2026-11-19",
   "event": "results for the quarter ending Oct 2026"
  },
  "timeline": [
   {
    "form": "8-K",
    "filed": "2026-10-15",
    "period": "2026-10-15",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000061/estc-20261015.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-08-28",
    "period": "2026-07-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000054/estc-20260731.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-27",
    "period": "2026-08-24",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000036/estc-20260824.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-27",
    "period": "2026-08-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000035/estc-20260827.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-06-24",
    "period": "2026-06-18",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000024/estc-20260618.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2026-06-08",
    "period": "2026-04-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000018/estc-20260430.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-28",
    "period": "2026-05-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000008/estc-20260528.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-02-27",
    "period": "2026-01-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000006/estc-20260131.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-26",
    "period": "2026-02-26",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000003/estc-20260226.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-11-24",
    "period": "2025-10-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000056/estc-20251031.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-11-20",
    "period": "2025-11-20",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000053/estc-20251120.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-10-15",
    "period": "2025-10-13",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000050/estc-20251013.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-10-09",
    "period": "2025-10-09",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000046/estc-20251009.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-09-30",
    "period": "2025-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000043/estc-20250930.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-08-29",
    "period": "2025-07-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000040/estc-20250731.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-08-28",
    "period": "2025-08-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000034/estc-20250828.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2025-06-10",
    "period": "2025-04-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000021/estc-20250430.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-05-29",
    "period": "2025-05-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000015/estc-20250529.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-02-28",
    "period": "2025-01-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000010/estc-20250131.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-02-27",
    "period": "2025-02-25",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775325000008/estc-20250225.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K/A",
    "filed": "2024-12-13",
    "period": "2024-11-18",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775324000051/estc-20241118.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2024-11-25",
    "period": "2024-10-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775324000047/estc-20241031.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2024-11-21",
    "period": "2024-11-18",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775324000044/estc-20241118.htm",
    "what_it_said": null,
    "from_piece": null
   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 86.08,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 84.2,
   "high": 87.72,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 42.05,
   "low_date": "2026-04-10",
   "high": 108,
   "high_date": "2026-08-28",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 9037649382,
   "currency": "USD",
   "as_of": "2026-11-06",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 104991280,
    "as_of": "2026-08-21",
    "form": "10-Q",
    "filed": "2026-08-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000054/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 02:45:40"
 },
 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}