Elastic N.V. Earnings Per Share Disclosure
| Year Ended April 30, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net (loss) income | $ | (108,114) | $ | 61,720 | $ | (236,161) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average shares used to compute net (loss) earnings per share attributable to ordinary shareholders | |||||||||||||||||
| Basic | 103,661,704 | 99,646,231 | 95,729,844 | ||||||||||||||
| Diluted | 103,661,704 | 103,980,132 | 95,729,844 | ||||||||||||||
| Net (loss) earnings per share attributable to ordinary shareholders | |||||||||||||||||
| Basic | $ | (1.04) | $ | 0.62 | $ | (2.47) | |||||||||||
| Diluted | $ | (1.04) | $ | 0.59 | $ | (2.47) | |||||||||||
| Year Ended April 30, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Stock options | 1,775,723 | 634,519 | 4,038,238 | ||||||||||||||
| RSUs | 6,523,077 | 1,496,213 | 7,494,399 | ||||||||||||||
2022 ESPP | 147,488 | 4,010 | 197,077 | ||||||||||||||
| Total | 8,446,288 | 2,134,742 | 11,729,714 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 10, 2025 | Showing above |
| 2023 | Jun 16, 2023 | |
| 2022 | Jun 21, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.