Elastic N.V.

Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin Adjusted free cash flow is a non-GAAP financial measure that we define as net cash provided by operating activities adjusted for cash paid for interest on long-term debt less cash used for investing activities for purchases of property and equipment.

SEC original ↗Elastic N.V. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Adjusted free cash flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements.

SEC original ↗Elastic N.V. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

treasury securities 94,503 94,503 Corporate debt securities 328,865 328,865 Certificates of deposit 55,286 55,286 Municipal securities 39,612 39,612 International treasuries 39,278 39,278 U.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

treasury securities 108,761 108,761 Corporate debt securities 316,523 316,523 Certificates of deposit 62,611 62,611 International treasuries 42,558 42,558 Municipal securities 41,679 41,679 U.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

If the Company experiences a change of control triggering event (as defined in the Indenture), the Company must offer to repurchase the Senior Notes at a repurchase price equal to 101 % of the principal amount of the Senior Notes to be repurchased, plus accrued and unpaid interest, if any, to the repurchase date.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

The Indenture contains covenants limiting the Company s ability and the ability of certain subsidiaries to create liens on certain assets to secure debt; grant a subsidiary guarantee of certain debt without also providing a guarantee of the Senior Notes; and consolidate or merge with or into, or sell or otherwise dispose of all or substantially all of its assets to, another person.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter ending October 31, 2025 and fiscal year ending April 30, 2026, the expected performance or benefits of and demand for our offerings, our product strategy and innovation, our views on the impacts of AI in technology decision-making, and the value of our products.

SEC original ↗Elastic N.V. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

In some cases, you can identify forward-looking statements because they contain words such as may, might, will, should, expects, plans, anticipates, could, intends, target, projects, contemplates, believes, estimates, predicts, potential, or continue or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

Actual outcomes and results may differ materially from those contemplated by these forward-looking statements due to uncertainties, risks, and changes in circumstances, including but not limited to, those related to: our business strategy and our plan to build our business; our ability to achieve and maintain profitability; the impact of macroeconomic conditions, including declining rates of economic growth, inflationary pressures, changing interest rates, changes in U.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

Fair Value Measurements Financial Assets The Company measures financial assets and liabilities that are measured at fair value on a recurring basis at each reporting period using a fair value hierarchy that prioritizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when proposed by the Company s board of directors and adopted by the general meeting of shareholders, subject to the prior rights of holders of all classes of shares outstanding having priority rights to dividends.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

A reconciliation of forward-looking non-GAAP measures to the corresponding GAAP measures for operating margin and net (loss) earnings per share is not available without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the costs and expenses that may be incurred in the future.

SEC original ↗Elastic N.V. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter ending October 31, 2025 and fiscal year ending April 30, 2026, the expected performance or benefits of and demand for our offerings, our product strategy and innovation, our views on the impacts of AI in technology decision-making, and the value of our products.

SEC original ↗Elastic N.V. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those expressed or implied in our forward-looking statements are included in our filings with the Securities and Exchange Commission (the SEC ), including our Annual Report on Form 10-K for the fiscal year ended April 30, 2025 and subsequent quarterly and current reports filed with the SEC.

SEC original ↗Elastic N.V. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Legal Proceedings 40 Item 1A.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

Exhibits 42 Signatures 43 2 Table of Contents Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act ), which involve substantial risks and uncertainties.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026

Actual outcomes and results may differ materially from those contemplated by these forward-looking statements due to uncertainties, risks, and changes in circumstances, including but not limited to, those related to: our business strategy and our plan to build our business; our ability to achieve and maintain profitability; the impact of macroeconomic conditions, including declining rates of economic growth, inflationary pressures, changing interest rates, changes in U.

SEC original ↗Elastic N.V. — 10-Q Quarterly report10-QAug 28, 2026