Elastic (ESTC) Research & Development (2017 - 2026)

Elastic (ESTC) reported Research & Development of $378.5 million for Q2 2026, up 133.95% on a YoY basis from $161.8 million in Q2 2025, and up 114.1% sequentially from $176.8 million in Q1 2026.

Elastic (ESTC) Research & Development (2017 - 2026) Analysis & Trends

Elastic (ESTC) has 10 years of Research & Development data on file, last reported at $378.5 million in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development rose 133.95% year-over-year to $378.5 million; the trailing twelve-month figure through Apr 2026 stood at $838.0 million (up 35.78% YoY), and the FY2026 full-year result was $710.2 million, up 15.07% from the prior year.
  • Research & Development rose to $378.5 million in Q2 2026, from $176.8 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $378.5 million in Q2 2026 to a low of $78.6 million in Q3 2022.
  • A 5-year average of $151.8 million and a median of $137.4 million in 2023 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development plunged 65.44% in 2024 and jumped 133.95% in 2026, its largest moves.
  • Tracing ESTC's Research & Development over 5 years: stood at $128.2 million in 2022, then sank by 37.5% to $80.1 million in 2023, then jumped by 80.1% to $144.3 million in 2024, then rose by 20.31% to $173.6 million in 2025, then surged by 118.07% to $378.5 million in 2026.
  • Business Quant data shows ESTC's Research & Development at $378.5 million in Q2 2026, $176.8 million in Q1 2026, and $173.6 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -1.99 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -37.02 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 496.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 1.33 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 3.77 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 1.37 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 253.90 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 588.95 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 508.44 Mn
10 Elastic 6.04 Bn 5.27 Bn 339.62 Mn 378.52 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 378.52 Mn
Jan 31, 2026 176.80 Mn
Oct 31, 2025 173.58 Mn
Jul 31, 2025 109.12 Mn
Apr 30, 2025 161.80 Mn
Jan 31, 2025 153.75 Mn
Oct 31, 2024 144.27 Mn
Jul 31, 2024 157.36 Mn
Apr 30, 2024 93.95 Mn
Jan 31, 2024 141.62 Mn
Oct 31, 2023 80.11 Mn
Jul 31, 2023 133.17 Mn
Apr 30, 2023 271.85 Mn
Jan 31, 2023 126.72 Mn
Oct 31, 2022 128.18 Mn
Jul 31, 2022 78.65 Mn
Apr 30, 2022 118.60 Mn
Jan 31, 2022 105.07 Mn
Oct 31, 2021 63.76 Mn
Jul 31, 2021 88.03 Mn