Elastic N.V risk profile
39 Normal where most of the sector sits
Measured 1 September 2026 from ESTC's filed statements. Recomputed nightly.
39 (Normal), driven by Competitive position at 46, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 37 | Normal | Volatile | One-year price volatility — 56.8% |
| Operating pressure | 18 | Contained | Worsening | Costs outgrowing revenue — -2.0 percentage points |
| Cash conversion | 26 | Normal | Worsening | Cash conversion — 0.89x |
| Leverage and coverage | 37 | Normal | Easing | Interest cover — 1.38x |
| Competitive position | 46 | Elevated | Stable | Operating-margin gap against peers — -12.6 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.