Elastic (ESTC) 10-Q 2 Dec 22 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Oct. 31, 2022	Nov. 30, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38675
Entity Registrant Name	Elastic N.V.
Entity Incorporation, State or Country Code	P7
Entity Address, Address Line One	800 West El Camino Real
Entity Address, Address Line Two	Suite 350
Entity Address, City or Town	Mountain View
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94040
City Area Code	(650)
Local Phone Number	458-2620
Title of 12(b) Security	Ordinary shares, Par Value €0.01 Per Share
Trading Symbol	ESTC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		95,605,341
Entity Central Index Key	0001707753
Current Fiscal Year End Date	--04-30
Amendment Flag	false
Document Period End Date	Oct. 31, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 856,237	$ 860,949
Restricted cash	2,385	2,688
Accounts receivable, net of allowance for credit losses of $1,801 and $2,700 as of October 31, 2022 and April 30, 2022, respectively	185,906	215,228
Deferred contract acquisition costs	45,418	43,628
Prepaid expenses and other current assets	33,030	41,215
Total current assets	1,122,976	1,163,708
Property and equipment, net	5,696	7,207
Goodwill	303,742	303,906
Operating lease right-of-use assets	29,840	25,437
Intangible assets, net	37,384	45,800
Deferred contract acquisition costs, non-current	77,544	74,419
Deferred tax assets	5,395	5,811
Other assets	11,655	16,643
Total assets	1,594,232	1,642,931
Current liabilities:
Accounts payable	41,055	28,403
Accrued expenses and other liabilities	62,350	53,930
Accrued compensation and benefits	60,501	68,002
Operating lease liabilities	12,348	11,219
Deferred revenue	410,718	431,776
Total current liabilities	586,972	593,330
Deferred revenue, non-current	22,867	33,518
Long-term debt, net	567,026	566,520
Operating lease liabilities, non-current	19,127	16,482
Other liabilities, non-current	6,675	17,648
Total liabilities	1,202,667	1,227,498
Commitments and contingencies (Notes 8 and 9)
Shareholders’ equity:
Convertible preference shares, €0.01 par value; 165,000,000 shares authorized, 0 shares issued and outstanding as of October 31, 2022 and April 30, 2022	0	0
Ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 95,575,775 shares issued and outstanding as of October 31, 2022 and 94,174,914 shares issued and outstanding as of April 30, 2022	1,005	990
#REF!	(369)	(369)
Additional paid-in capital	1,351,987	1,250,108
Accumulated other comprehensive loss	(27,036)	(18,130)
Accumulated deficit	(934,022)	(817,166)
Total shareholders’ equity	391,565	415,433
Total liabilities and shareholders’ equity	1,594,232	1,642,931
Long-term debt, net	$ 567,026	$ 566,520

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) $ in Thousands	Oct. 31, 2022 USD ($) shares	Oct. 31, 2022 € / shares	Apr. 30, 2022 USD ($) shares	Apr. 30, 2022 € / shares
Allowance for doubtful accounts | $	$ 1,801		$ 2,700
Ordinary shares, shares authorized (in shares)	165,000,000
Convertible Preference Shares
Preference shares, par value ( in € / shares) | € / shares		€ 0.01		€ 0.01
Preference shares, shares authorized (in shares)	165,000,000		165,000,000
Preference shares, shares issued (in shares)	0		0
Preference shares, shares outstanding (in shares)	0		0
Ordinary Shares, Par Value of €0.01
Ordinary shares, par value ( in € / shares) | € / shares		€ 0.01		€ 0.01
Ordinary shares, shares authorized (in shares)	165,000,000		165,000,000
Ordinary shares, shares issued (in shares)	95,575,775		94,174,914
Ordinary shares, shares outstanding (in shares)	95,575,775		94,174,914

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Revenue
Total revenue	$ 264,401	$ 205,980	$ 514,482	$ 399,075
Cost of revenue
Total cost of revenue	74,757	53,884	147,736	103,546
Gross profit	189,644	152,096	366,746	295,529
Operating expenses
Research and development	75,568	63,763	154,217	123,145
Sales and marketing	128,179	94,953	253,185	182,986
General and administrative	34,925	30,555	69,013	57,607
Total operating expenses	238,672	189,271	476,415	363,738
Operating loss	(49,028)	(37,175)	(109,669)	(68,209)
Interest Expense	(6,209)	(6,332)	(12,610)	(8,152)
Other Nonoperating Income (Expense)	14,975	(666)	15,314	352
Loss before income taxes	(40,262)	(44,173)	(106,965)	(76,009)
Provision for income taxes	7,043	2,850	9,891	5,503
Net loss	$ (47,305)	$ (47,023)	$ (116,856)	$ (81,512)
Net loss per share attributable to ordinary shareholders, basic (in dollars per share)	$ (0.50)	$ (0.51)	$ (1.23)	$ (0.89)
Net loss per share attributable to ordinary shareholders, diluted (in dollars per share)			$ (1.23)	$ (0.89)
Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, diluted (in shares)			94,964,423	91,703,786
Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, basic and diluted (in shares)	95,307,146	92,206,199	94,964,423	91,703,786
Total subscription
Revenue
Total revenue	$ 241,211	$ 190,257	$ 473,025	$ 367,442
Cost of revenue
Total cost of revenue	55,101	42,242	108,652	79,762
Professional services
Revenue
Total revenue	23,190	15,723	41,457	31,633
Cost of revenue
Total cost of revenue	$ 19,656	$ 11,642	$ 39,084	$ 23,784

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (47,305)	$ (47,023)	$ (116,856)	$ (81,512)
Other comprehensive income (loss):
Foreign currency translation adjustments	(6,282)	588	(8,906)	(1,276)
Other comprehensive income (loss)	(6,282)	588	(8,906)	(1,276)
Total comprehensive loss	$ (53,587)	$ (46,435)	$ (125,762)	$ (82,788)

Consolidated Statements of Rede

Consolidated Statements of Redeemable Convertible Preference Shares and Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Ordinary Shares	Treasury Shares	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Apr. 30, 2021		90,533,985
Beginning balance at Apr. 30, 2021	$ 450,831	$ 948	$ (369)	$ 1,071,675	$ (8,105)	$ (613,318)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of ordinary shares upon exercise of stock options (in shares)		1,530,746
Stock Issued During Period, Value, Stock Options Exercised	20,831	$ 18		20,813
Conversion of redeemable convertible preference shares to ordinary shares upon initial public offering (in shares)		501,294
Stock Issued During Period, Value, Conversion of Convertible Securities	0	$ 6		(6)
Stock-based compensation	59,660			59,660
Net loss	(81,512)					(81,512)
Foreign currency translation	(1,276)				(1,276)
Ending balance (in shares) at Oct. 31, 2021		92,566,025
Ending balance at Oct. 31, 2021	449,800	$ 972	(369)	1,153,408	(9,381)	(694,830)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustments to Additional Paid in Capital, Replacement awards - Pre-combination fair value.	1,266			1,266
Beginning balance (in shares) at Jul. 31, 2021		91,770,228
Beginning balance at Jul. 31, 2021	455,663	$ 963	(369)	1,112,845	(9,969)	(647,807)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of ordinary shares upon exercise of stock options (in shares)		690,538
Stock Issued During Period, Value, Stock Options Exercised	9,852	$ 8		9,844
Conversion of redeemable convertible preference shares to ordinary shares upon initial public offering (in shares)		105,259
Stock Issued During Period, Value, Conversion of Convertible Securities	0	$ 1		(1)
Stock-based compensation	29,454			29,454
Net loss	(47,023)					(47,023)
Foreign currency translation	588				588
Ending balance (in shares) at Oct. 31, 2021		92,566,025
Ending balance at Oct. 31, 2021	449,800	$ 972	(369)	1,153,408	(9,381)	(694,830)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustments to Additional Paid in Capital, Replacement awards - Pre-combination fair value.	1,266			1,266
Beginning balance (in shares) at Apr. 30, 2022		94,174,914
Beginning balance at Apr. 30, 2022	415,433	$ 990	(369)	1,250,108	(18,130)	(817,166)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of ordinary shares upon exercise of stock options (in shares)		484,076
Stock Issued During Period, Value, Stock Options Exercised	7,724	$ 6		7,718
Conversion of redeemable convertible preference shares to ordinary shares upon initial public offering (in shares)		916,785
Stock Issued During Period, Value, Conversion of Convertible Securities	0	$ 9		(9)
Stock-based compensation	94,170			94,170
Net loss	(116,856)					(116,856)
Foreign currency translation	(8,906)				(8,906)
Ending balance (in shares) at Oct. 31, 2022		95,575,775
Ending balance at Oct. 31, 2022	391,565	$ 1,005	(369)	1,351,987	(27,036)	(934,022)
Beginning balance (in shares) at Jul. 31, 2022		94,970,627
Beginning balance at Jul. 31, 2022	393,538	$ 999	(369)	1,300,379	(20,754)	(886,717)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of ordinary shares upon exercise of stock options (in shares)		258,813
Stock Issued During Period, Value, Stock Options Exercised	4,327	$ 3		4,324
Conversion of redeemable convertible preference shares to ordinary shares upon initial public offering (in shares)		346,335
Stock Issued During Period, Value, Conversion of Convertible Securities	0	$ 3		(3)
Stock-based compensation	47,287			47,287
Net loss	(47,305)					(47,305)
Foreign currency translation	(6,282)				(6,282)
Ending balance (in shares) at Oct. 31, 2022		95,575,775
Ending balance at Oct. 31, 2022	$ 391,565	$ 1,005	$ (369)	$ 1,351,987	$ (27,036)	$ (934,022)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021
Cash flows from operating activities
Net loss	$ (116,856,000)	$ (81,512,000)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	10,430,000	9,325,000
Amortization of deferred contract acquisition costs	35,674,000	28,570,000
Amortization of debt issuance costs	506,000	307,000
Non-cash operating lease cost	5,649,000	3,842,000
Stock-based compensation expense, net of amounts capitalized	94,170,000	59,578,000
Deferred income taxes	(80,000)	(249,000)
Foreign currency transaction loss	(48,000)	(4,000)
Other	67,000	98,000
Changes in operating assets and liabilities:
Accounts receivable, net	25,193,000	519,000
Deferred contract acquisition costs	(43,569,000)	(39,277,000)
Prepaid expenses and other current assets	7,909,000	2,218,000
Other assets	4,809,000	(3,337,000)
Accounts payable	12,320,000	10,485,000
Accrued expenses and other liabilities	(1,645,000)	16,719,000
Accrued compensation and benefits	(5,947,000)	3,823,000
Operating lease liabilities	(5,573,000)	(3,983,000)
Deferred revenue	(22,168,000)	(3,462,000)
Net cash provided by operating activities	937,000	3,668,000
Cash flows from investing activities
Purchases of property and equipment	(822,000)	(751,000)
Capitalization of internal-use software	0	(2,713,000)
Net cash used in investing activities	(822,000)	(111,568,000)
Cash flows from financing activities
Proceeds from Issuance of Senior Long-term Debt	0	575,000,000
Proceeds from issuance of ordinary shares upon exercise of stock options	7,724,000	20,831,000
Payments of Debt Issuance Costs	0	(9,234,000)
Net cash provided by financing activities	7,724,000	586,597,000
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(12,854,000)	(3,407,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(5,015,000)		$ 475,290,000
Cash, cash equivalents, and restricted cash, beginning of period	863,637,000
Cash, cash equivalents, and restricted cash, end of period	858,622,000
Supplemental disclosures of cash flow information
Interest Paid, Excluding Capitalized Interest, Operating Activities	12,104,000	0
Cash paid for income taxes, net	3,861,000	1,905,000
Cash paid for operating lease liabilities	6,605,000	4,829,000
Supplemental disclosures of non-cash investing and financing information
Property and equipment included in accounts payable	64,000	39,000
Operating lease right-of-use assets for new lease obligations	10,770,000	2,330,000
Debt issuance costs accrued, unpaid	0	28,000
Payments to Acquire Businesses, Net of Cash Acquired	$ 0	(108,104,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations		$ 878,998,000		$ 403,708,000

Organization and Description of

Organization and Description of Business	6 Months Ended
	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Elastic N.V. (“Elastic” or the “Company”) was incorporated under the laws of the Netherlands in 2012. The Company created the Elastic Stack, a powerful set of software products that ingest and store data from any source and in any format, and perform search, analysis, and visualization on that data. Developers build on top of the Elastic Stack to apply the power of search to their data and solve business problems. The Company offers three software solutions built into the Elastic Stack: Enterprise Search, Observability, and Security. The Elastic Stack and the Company’s solutions are designed to run in public or private clouds, in hybrid environments, or in multi-cloud environments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Oct. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying interim condensed consolidated balance sheet as of October 31, 2022; interim condensed consolidated statements of operations, comprehensive loss, and shareholders’ equity for the three and six months ended October 31, 2022 and 2021; and interim condensed consolidated statements of cash flows for the six months ended October 31, 2022 and 2021; are unaudited. These interim condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, include all normal recurring adjustments necessary to fairly state the Company’s financial position as of October 31, 2022; results of the Company’s operations for the three and six months ended October 31, 2022 and 2021; statements of shareholders’ equity for the three and six months ended October 31, 2022 and 2021; and statements of cash flows for the six months ended October 31, 2022 and 2021. The financial data and other financial information disclosed in the notes to these interim condensed consolidated financial statements related to the three and six month periods are also unaudited. The results for the three and six months ended October 31, 2022 are not necessarily indicative of the operating results expected for the fiscal year ending April 30, 2023, or any future period. The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the financial statements of the Company and its wholly-owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed balance sheet data as of April 30, 2022 was derived from the Company’s audited financial statements, but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2022 filed with the SEC on June 21, 2022 (“the Company's Annual Report on Form 10-K”). Fiscal Year The Company’s fiscal year ends on April 30. References to fiscal 2023, for example, refer to the fiscal year ending April 30, 2023. Use of Estimates and Judgments The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, allocation of revenue between recognized and deferred amounts, deferred contract acquisition costs, allowance for credit losses, valuation of stock-based compensation, fair value of ordinary shares in periods prior to the Company’s initial public offering, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, whether an arrangement is or contains a lease, the discount rate used for operating leases and valuation allowance for deferred income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require the exercise of judgment. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates, judgments or revise the carrying value of the Company’s assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements. Significant Accounting Policies There have been no changes to the Company’s significant accounting policies described in the Company’s Annual Report on Form 10-K that have had a material impact on its consolidated financial statements and related notes. Recently Adopted Accounting Pronouncements Equity Awards: In May 2021, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (“ASU No. 2021-04”) , which clarifies the accounting for modifications or exchanges of a freestanding equity-classified written call option that is not within the scope of another topic. It addresses how an entity should treat, measure the effect of, and recognize the effect of a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange. The Company adopted ASU No. 2021-04 on May 1, 2022. The Company’s adoption of this ASU did not have a material impact on its consolidated financial statements. New Accounting Pronouncements Not Yet Adopted Acquisitions: In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , improving consistency in accounting for acquired revenue contracts with customers in a business combination by requiring that acquirers apply ASC Topic 606 to recognize contract assets and contract liabilities as if they had originated the contracts. If the acquiree prepared its financial statements in accordance with U.S. GAAP, the resulting acquired contract assets and liabilities should generally be consistent with the acquiree’s financial statements. The new guidance becomes effective for the Company for the fiscal year ending April 30, 2024. Early adoption is permitted. The Company does not expect the adoption of the new accounting standard to have a material impact on its consolidated financial statements.

Revenue and Performance Obligat

Revenue and Performance Obligations	6 Months Ended
	Oct. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue and Performance Obligations	Revenue and Remaining Performance Obligations Disaggregation of Revenue The following table presents revenue by category (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Amount % of Amount % of Amount % of Amount % of Elastic Cloud $ 103,237 39 % $ 69,031 34 % $ 200,966 39 % $ 130,561 33 % Other subscription 137,974 52 % 121,226 58 % 272,059 53 % 236,881 59 % Total subscription 241,211 91 % 190,257 92 % 473,025 92 % 367,442 92 % Services 23,190 9 % 15,723 8 % 41,457 8 % 31,633 8 % Total revenue $ 264,401 100 % $ 205,980 100 % $ 514,482 100 % $ 399,075 100 %

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Oct. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	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. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table summarizes assets that are measured at fair value on a recurring basis as of October 31, 2022 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 566,258 $ — $ — $ 566,258 The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2022 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 559,462 $ — $ — $ 559,462 The Company considers all highly liquid investments, including money market funds with an original maturity of three months or less at the date of purchase, to be cash equivalents. The Company uses quoted prices in active markets for identical assets to determine the fair value of its Level 1 investments in money market funds. Financial Liabilities In July 2021, the Company issued $575.0 million aggregate principal amount of 4.125% Senior Notes due July 15, 2029 (the “Senior Notes”) in a private placement. Based on the trading prices of the Senior Notes, the fair value of the Senior Notes as of October 31, 2022 was approximately $480.7 million. While the Senior Notes are recorded at cost, the fair value of the Senior Notes was determined based on quoted prices in markets that are not active; accordingly, the Senior Notes are categorized as Level 2 for purposes of the fair value measurement hierarchy.

Acquisitions

Acquisitions	6 Months Ended
	Oct. 31, 2022
Business Combinations [Abstract]
Acquisitions	Acquisitions Fiscal 2022 Acquisitions cmdWatch Security Inc. On September 17, 2021, the Company acquired 100% of the share capital of cmdWatch Security Inc. (“Cmd”) for a total purchase consideration of $77.8 million. The purchase consideration includes an amount of $13.4 million which is being held in an indemnity escrow fund for 18 months after the acquisition close date. Pursuant to the merger agreement, Cmd’s vested stock options were paid in cash and unvested stock options held by Cmd employees were assumed by the Company. The fair value of the replacement equity awards associated with pre-acquisition service period of $4.3 million, consisting of $3.0 million paid in cash to vested option holders and $1.3 million of non-cash consideration, was included in the total purchase consideration. Approximately $6.6 million of the fair value of replacement equity awards was allocated to post-acquisition services that will be recognized as stock-based compensation expense over the remaining service period and was excluded from the total purchase consideration. Additionally, an amount of $6.5 million for post-combination services, which is payable at future dates upon completion of the underlying required service period, has been excluded from the purchase consideration. This amount will be recorded as a post-combination expense over the requisite service period. The acquisition was accounted for as a business combination in accordance with ASC 805, Business Combinations , and accordingly, the total purchase consideration was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. The total purchase price allocated to developed technology and goodwill was $15.5 million and $58.7 million, respectively. The fair value assigned to developed technology was determined using the cost to recreate approach. The developed technology asset is being amortized on a straight-line basis over the useful life of 5 years, which approximates the pattern in which the developed technology is utilized. Goodwill resulted primarily from the expectation of enhancing the Company's current security solutions and is not deductible for income tax purposes. Cmd has been included in the Company’s condensed consolidated results of operations since the acquisition date. Pro forma and historical results of operations for this acquisition have not been presented because they were not material to the condensed consolidated results of operations. Other Acquisitions On September 2, 2021 and November 1, 2021, the Company acquired 100% of the share capital of Build Security Ltd. (“build.security”) and Optimyze.cloud Inc. (“Optimyze”), respectively, for a combined total purchase consideration of $57.2 million. The purchase consideration includes an amount of $5.4 million held in an indemnity escrow for the build.security acquisition, which was released on the 12-month anniversary of such acquisition, and $6.0 million held back by the Company for indemnity for the Optimyze acquisition, which will be released upon the 18-month anniversary of such acquisition. These acquisitions were accounted for as business combinations. The total purchase price allocated to developed technology and goodwill was $9.8 million and $46.7 million, respectively. The developed technology intangible assets from these acquisitions are being amortized on a straight-line basis over a useful life of 5 years which approximates the pattern in which the respective developed technologies are utilized. Goodwill resulted primarily from the expectation of enhancing the Company's current security solutions and the value of the acquired workforce. This goodwill is not deductible for income tax purposes. Build.security and Optimyze have been included in the Company’s condensed consolidated results of operations since their respective acquisition dates. Pro forma and historical results of operations for these acquisitions have not been presented because they were not material to the condensed consolidated results of operations.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Oct. 31, 2022
Balance Sheet Components [Abstract]
Balance Sheet Components	Balance Sheet Components Property and Equipment, Net The cost and accumulated depreciation of property and equipment were as follows (in thousands): Useful Life (in years) As of As of Leasehold improvements Lesser of estimated useful life or remaining lease term $ 11,017 $ 10,863 Computer hardware and software 3 2,186 1,473 Furniture and fixtures 3-5 5,979 5,753 Assets under construction 21 1,119 Total property and equipment 19,203 19,208 Less: accumulated depreciation (13,507) (12,001) Property and equipment, net $ 5,696 $ 7,207 Depreciation expense related to property and equipment was $1.0 million and $2.0 million for the three and six months ended October 31, 2022, respectively, and $1.0 million and $2.0 million for the three and six months ended October 31, 2021, respectively. Intangible Assets, Net Intangible assets consisted of the following as of October 31, 2022 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 37,279 $ 32,851 3.1 Customer relationships 19,598 15,428 4,170 0.9 Trade names 2,872 2,476 396 0.9 Total $ 92,600 $ 55,183 $ 37,417 3.0 Foreign currency translation adjustment (33) Total $ 37,384 Intangible assets consisted of the following as of April 30, 2022 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 31,355 $ 38,775 3.6 Customer relationships 19,598 13,177 6,421 1.4 Trade names 2,872 2,263 609 1.4 Total $ 92,600 $ 46,795 $ 45,805 3.2 Foreign currency translation adjustment (5) Total $ 45,800 Amortization expense for the intangible assets for the three and six months ended October 31, 2022 and 2021 was as follows (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Cost of revenue - subscription $ 2,961 $ 2,498 $ 5,925 $ 4,510 Sales and marketing 1,232 1,428 2,463 2,857 Total amortization of acquired intangible assets $ 4,193 $ 3,926 $ 8,388 $ 7,367 The expected future amortization expense related to the intangible assets as of October 31, 2022 was as follows (in thousands, by fiscal year): Remainder of 2023 $ 8,280 2024 13,985 2025 8,018 2026 5,057 2027 2,044 Total $ 37,384 Goodwill The following table represents the changes to goodwill (in thousands): Carrying Amount Balance as of April 30, 2022 $ 303,906 Foreign currency translation adjustment (164) Balance as of October 31, 2022 $ 303,742 There was no impairment of goodwill during the six months ended October 31, 2022 and 2021. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following (in thousands): As of As of Accrued expenses $ 24,787 $ 24,066 Income taxes payable 11,352 4,286 Accrued interest 6,918 6,918 Value added taxes payable 5,329 8,926 Other 13,964 9,734 Total accrued expenses and other liabilities $ 62,350 $ 53,930 Accrued Compensation and Benefits Accrued compensation and benefits consisted of the following (in thousands): As of As of Accrued vacation $ 28,628 $ 27,280 Accrued commissions 15,654 23,806 Accrued payroll and withholding taxes 7,302 9,030 Other 8,917 7,886 Total accrued compensation and benefits $ 60,501 $ 68,002 Contract Balances The following table provides information about unbilled accounts receivable, deferred contract acquisition costs, and deferred revenue from contracts with customers (in thousands): As of As of Unbilled accounts receivable, included in accounts receivable, net $ 3,236 $ 9,244 Deferred contract acquisition costs $ 122,962 $ 118,047 Deferred revenue $ 433,585 $ 465,294 Deferred Contract Acquisition Costs The following table summarizes the activity of the deferred contract acquisition costs (in thousands): Six Months Ended October 31, 2022 2021 Beginning balance $ 118,047 $ 86,352 Capitalization of contract acquisition costs 40,589 38,255 Amortization of deferred contract acquisition costs (35,674) (28,570) Ending balance $ 122,962 $ 96,037 The Company did not recognize any impairment of deferred contract acquisition costs during the six months ended October 31, 2022 and 2021. Deferred Revenue The following table summarizes the deferred revenue activity (in thousands): Six Months Ended October 31, 2022 2021 Beginning balance $ 465,294 $ 397,700 Increases due to invoices issued, excluding amounts recognized as revenue during the period 269,645 238,822 Increase from acquisitions, net of revenue recognized — 1,001 Revenue recognized that was included in deferred revenue balance at beginning of period (301,354) (247,210) Ending balance $ 433,585 $ 390,313 Allowance for Credit Losses The following is a summary of the changes in the Company’s allowance for credit losses (in thousands): Six Months Ended October 31, 2022 2021 Beginning balance $ 2,700 $ 2,344 Bad debt expense 785 2,221 Accounts written off (1,684) (1,669) Ending balance $ 1,801 $ 2,896

Debt

Debt	6 Months Ended
	Oct. 31, 2022
Debt Disclosure [Abstract]
Senior Notes Disclosure	Senior Notes In July 2021, the Company issued $575.0 million aggregate principal amount of 4.125% Senior Notes due July 15, 2029 in a private placement. Interest on the Senior Notes is payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2022. The Company received net proceeds from the offering of the Senior Notes of $565.7 million after deducting underwriting commissions of $7.2 million and incurred additional issuance costs of $2.1 million. Total debt issuance costs of $9.3 million are being amortized to interest expense using the effective interest method over the term of the Senior Notes. The Company may redeem the Senior Notes, in whole or in part, at any time prior to July 15, 2024 at a price equal to 100% of the principal amount thereof plus a “make-whole” premium and accrued and unpaid interest, if any. The Company may at its election redeem all or a part of the Senior Notes on or after July 15, 2024, on any one or more occasions, at the redemption prices set forth in the indenture governing the Senior Notes (the “Indenture”), plus, in each case, accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date. In addition, at any time prior to July 15, 2024, the Company may on any one or more occasions redeem up to 40% of the aggregate principal amount of the Senior Notes outstanding under the Indenture with the net cash proceeds of one or more equity offerings at a redemption price equal to 104.125% of the principal amount of the Senior Notes then outstanding, plus accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date. The Company may also at its election redeem the Senior Notes in whole, but not in part, at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest, if any, if certain changes in tax law occur as set forth in the Indenture. 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. The indenture governing the Senior Notes contain 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. These covenants are subject to a number of limitations and exceptions. Certain of these covenants will not apply during any period in which the notes are rated investment grade by Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services. As of October 31, 2022, the Company was in compliance with all of its covenants under the Indenture associated with the Senior Notes. The net carrying amount of the Senior Notes was as follows (in thousands): As of Principal $ 575,000 Unamortized debt issuance costs (7,974) Net carrying amount $ 567,026 The following table sets forth the interest expense recognized related to the Senior Notes (in thousands): Six Months Ended October 31, 2022 Contractual interest expense $ 11,859 Amortization of debt issuance costs 506 Total interest expense related to the Senior Notes $ 12,365

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Oct. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Cloud Hosting Commitments During the six months ended October 31, 2022, there were no material changes, outside the ordinary course of business, to the Company’s contractual obligations and commitments reported in the Company's Annual Report on Form 10-K. Letters of Credit The Company had a total of $2.3 million in letters of credit outstanding in favor of certain landlords for office space as of October 31, 2022. Legal Matters From time to time, the Company has become involved in claims and other legal matters arising in the ordinary course of business. The Company investigates these claims as they arise. Although claims are inherently unpredictable, the Company is currently not aware of any matters that, if determined adversely to the Company, would individually or taken together have a material adverse effect on its business, results of operations, financial position or cash flows. The Company accrues estimates for resolution of legal and other contingencies when losses are probable and reasonably estimable. Although the results of litigation and claims are inherently unpredictable, the Company does not believe that there were any matters under litigation or claims with a reasonable possibility of the Company incurring a material loss as of October 31, 2022. Indemnification The Company enters into indemnification provisions under its agreements with other companies in the ordinary course of business, including business partners, landlords, contractors and parties performing its research and development. Pursuant to these arrangements, the Company agrees to indemnify, hold harmless, and reimburse the indemnified party for certain losses suffered or incurred by the indemnified party as a result of the Company’s activities. The maximum potential amount of future payments the Company could be required to make under these agreements is not determinable. The Company has never incurred costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the fair value of these agreements is not material. The Company maintains commercial general liability insurance and product liability insurance to offset certain of the Company’s potential liabilities under these indemnification provisions. In addition, the Company indemnifies its officers, directors and certain key employees against certain liabilities that may arise as a result of their affiliation with the Company. To date, there have been no claims under any indemnification provisions.

Leases

Leases	6 Months Ended
	Oct. 31, 2022
Leases [Abstract]
Leases	Leases The Company’s leases are composed of corporate office spaces under non-cancelable operating lease agreements that expire at various dates through fiscal 2029. The Company does not have any finance leases. Lease Costs Components of lease costs included in the condensed consolidated statement of operations were as follows (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Operating lease cost $ 3,318 $ 2,486 $ 6,451 $ 4,771 Short-term lease cost 565 449 1,348 990 Variable lease cost (3) 302 227 507 Total lease cost $ 3,880 $ 3,237 $ 8,026 $ 6,268 Lease term and discount rate information are summarized as follows: As of Weighted average remaining lease term (years) 3.00 Weighted average discount rate 4.74 % Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of October 31, 2022 were as follows (in thousands): Years Ending April 30, Remainder of 2023 $ 6,345 2024 12,688 2025 8,397 2026 4,379 2027 918 Thereafter 1,250 Total minimum lease payments 33,977 Less imputed interest (2,502) Present value of future minimum lease payments 31,475 Less current lease liabilities (12,348) Operating lease liabilities, non-current $ 19,127

Ordinary Shares

Ordinary Shares	6 Months Ended
	Oct. 31, 2022
Equity [Abstract]
Ordinary Shares	Ordinary Shares The Company’s articles of association designated and authorized the Company to issue 165 million ordinary shares at a par value per ordinary share of €0.01 per share. Each holder of ordinary shares has the right to one vote per ordinary share. The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of shares outstanding having priority rights to dividends. No dividends have been declared by the Company’s board of directors from inception through October 31, 2022. Ordinary Shares Reserved for Issuance The Company had reserved ordinary shares for issuance as follows: As of As of Stock options issued and outstanding 4,714,431 5,219,124 RSUs issued and outstanding 4,536,920 4,717,548 Remaining shares available for future issuance under the 2012 Plan 21,640,240 17,647,684 Total ordinary shares reserved 30,891,591 27,584,356 Convertible Preference Shares The Company’s board of directors has the authority, for a period of five years from October 10, 2018, without further action by the Company’s shareholders, to issue up to 165 million shares of undesignated convertible preference shares with rights and preferences, including voting rights, designated from time to time by the board of directors. As of October 31, 2022, there were no convertible preference shares issued or outstanding.

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Oct. 31, 2022
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Equity Incentive Plans In September 2012, the Company’s board of directors adopted and the Company’s shareholders approved the 2012 Stock Option Plan, which was amended and restated in September 2018 and further amended in December 2021 (as amended and restated, the “2012 Plan”). Under the 2012 Plan, the board of directors, the compensation committee, as administrator of the 2012 Plan, and a duly authorized committee may grant stock options and other equity-based awards, such as Restricted Stock Awards (“RSAs”) or Restricted Stock Units (“RSUs”), to eligible employees, directors, and consultants to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to employees, directors and consultants, and to promote the success of the Company’s business. The Company’s board of directors, compensation committee or a duly authorized committee determines the vesting schedule for all equity-based awards. Stock options and RSUs granted to employees generally vest over four years, subject to the employees’ continued service to the Company. The Company’s compensation committee may explicitly deviate from the general vesting schedules in its approval of an equity-based award, as it may deem appropriate. Stock options expire ten years after the date of grant. Stock options, RSAs and RSUs that are canceled under certain conditions become available for future grant or sale under the 2012 Plan unless the 2012 Plan is terminated. The equity awards available for grant were as follows: Six Months Ended October 31, 2022 Available at beginning of fiscal year 17,647,684 Awards authorized 4,708,746 Options granted (94,105) Options cancelled 114,072 RSUs granted (1,230,913) RSUs cancelled 494,235 Shares withheld for taxes 521 Available at end of period 21,640,240 Stock Incentive Plans Assumed in Acquisitions In connection with acquisitions completed in prior years, the Company assumed certain unvested stock options that were outstanding on the date of the respective acquisitions. The assumed stock options will continue to be outstanding and will be governed by the provisions of their respective plans and are included in the stock option activity table below. Stock Options The following table summarizes stock option activity (in thousands, except share and per share data): Stock Options Outstanding Number of Stock Options Outstanding Weighted- Average Exercise Price Remaining Contractual Term (in years) Aggregate Intrinsic Value Balance as of April 30, 2022 5,219,124 $ 29.41 6.22 $ 266,021 Stock options granted 94,105 $ 82.24 Stock options exercised (484,076) $ 16.04 Stock options cancelled (113,359) $ 79.85 Stock options assumed in acquisition cancelled (1,363) $ 54.63 Balance as of October 31, 2022 4,714,431 $ 30.62 5.80 $ 187,821 Exercisable as of October 31, 2022 3,818,238 $ 21.19 5.52 $ 173,361 Aggregate intrinsic value represents the difference between the exercise price of the stock options to purchase ordinary shares and the fair value of the Company’s ordinary shares. The weighted-average grant-date fair value per share of stock options granted was $49.97 and $48.56 for the three and six months ended October 31, 2022, respectively. The weighted-average grant-date fair value per share of stock options assumed related to the Cmd and build.security acquisitions was $122.13 for the three and six months ended October 31, 2021. As of October 31, 2022, the Company had unrecognized stock-based compensation expense of $37.2 million related to unvested stock options that the Company expects to recognize over a weighted-average period of 2.22 years. RSUs The following table summarizes RSU activity under the 2012 Plan: Number of Awards Weighted-Average Grant Date Fair Value Outstanding and unvested at April 30, 2022 4,717,548 $ 108.44 RSUs granted 1,230,913 $ 81.65 RSUs released (917,306) $ 102.56 RSUs cancelled (494,235) $ 109.97 Outstanding and unvested at October 31, 2022 4,536,920 $ 102.20 As of October 31, 2022, the Company had unrecognized stock-based compensation expense of $421.0 million related to RSUs that the Company expects to recognize over a weighted-average period of 2.69 years.

Net Loss Per Share Attributable

Net Loss Per Share Attributable to Ordinary Shareholders	6 Months Ended
	Oct. 31, 2022
Earnings Per Share [Abstract]
Net Loss Per Share Attributable to Ordinary Shareholders	Net Loss Per Share Attributable to Ordinary Shareholders The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders (in thousands, except share and per share data): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Numerator: Net loss $ (47,305) $ (47,023) $ (116,856) $ (81,512) Denominator: Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted 95,307,146 92,206,199 94,964,423 91,703,786 Net loss per share attributable to ordinary shareholders, basic and diluted $ (0.50) $ (0.51) $ (1.23) $ (0.89) Since the Company is in a net loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods. The following outstanding potentially dilutive ordinary shares were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because the impact of including them would have been antidilutive: Six Months Ended October 31, 2022 2021 Stock options 4,714,431 5,913,745 RSUs 4,536,920 3,074,014 Total 9,251,351 8,987,759

Income Taxes

Income Taxes	6 Months Ended
	Oct. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe Company is incorporated in the Netherlands but operates in various countries with differing tax laws and rates. The Company recorded a provision for income taxes of $7.0 million and $2.9 million for the three months ended October 31, 2022 and 2021, respectively, and $9.9 million and $5.5 million for the six months ended October 31, 2022 and 2021, respectively. The provision for income taxes in the three and six months ended October 31, 2022 includes a one-time charge of $3.7 million related to completion of acquisition related integration. The remaining increase was primarily due to foreign taxes. The calculation of income taxes is based upon the estimated annual effective tax rates for the year applied to the current period loss before tax plus the tax effect of any significant unusual items, discrete events, or changes in tax law. The Company assesses uncertain tax positions in accordance with ASC 740-10, Accounting for Uncertainties in Tax . The Company anticipates that the amount of reasonably possible unrecognized tax benefits that could decrease over the next twelve months due to the expiration of certain statutes of limitations and settlement of tax audits is not material to the Company’s interim unaudited condensed consolidated financial statements.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Oct. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit PlansThe Company has a defined-contribution plan in the U.S. intended to qualify under Section 401 of the Internal Revenue Code (the “401(k) Plan”). The Company has contracted with a third-party provider to act as a custodian and trustee, and to process and maintain the records of participant data. Substantially all the expenses incurred for administering the 401(k) Plan are paid by the Company. The 401(k) Plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. The Company makes contributions to the 401(k) Plan up to 6% of the participating employee’s W-2 earnings and wages. The Company recorded $4.4 million and $3.5 million of expense related to the 401(k) Plan for the three months ended October 31, 2022 and 2021, respectively, and $9.1 million and $7.0 million for the six months ended October 31, 2022 and 2021, respectively.The Company also has defined-contribution plans in certain other countries for which the Company recorded $2.1 million and $1.6 million of expense for the three months ended October 31, 2022 and 2021, respectively, and $4.5 million and $3.2 million for the six months ended October 31, 2022 and 2021, respectively.

Segment Information

Segment Information	6 Months Ended
	Oct. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The following table summarizes the Company’s total revenue by geographic area based on the billing address of the customers (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 United States $ 159,694 $ 115,509 $ 305,061 $ 218,649 Rest of world 104,707 90,471 209,421 180,426 Total revenue $ 264,401 $ 205,980 $ 514,482 $ 399,075 Other than the United States, no other individual country exceeded 10% or more of total revenue during the periods presented. The following table presents the Company’s long-lived assets, including property and equipment, net, and operating lease right-of-use assets, by geographic region (in thousands): As of As of United States $ 21,862 $ 22,112 The Netherlands 4,777 1,728 United Kingdom 3,188 4,478 India 2,649 3,407 Rest of world 3,060 919 Total long-lived assets $ 35,536 $ 32,644

Subsequent Events

Subsequent Events	6 Months Ended
	Oct. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent EventsOn November 30, 2022, the Company committed to a plan to align its investments more closely with its strategic priorities by reducing the Company’s workforce by approximately 13% and implementing certain facilities-related cost optimization actions. Pursuant to this plan, Elastic intends to rebalance investments across all functions and to strategically reinvest some savings in key priority areas to drive growth. The Company expects to incur total pre-tax non-recurring charges of approximately $32 million to $36 million under the plan of which estimated charges in the range of $25 million to $28 million will consist of employee-related costs, including severance and other termination benefits, with the remaining costs related to the optimization of office space. The substantial majority of these charges will result in cash expenditures. The Company expects to incur the substantial majority of these charges during the third quarter of fiscal 2023 and expects to incur the remaining amount of these charges in future periods. The Company expects that the implementation of the workforce reductions and facilities cost optimization will be substantially completed by the end of the first quarter of fiscal 2024, although the timing of workforce reductions may vary by country based on local legal requirements. The foregoing estimates of the charges the Company expects to incur under the plan are subject to assumptions, including application of local legal requirements in various jurisdictions, and actual charges may differ from such estimates.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated balance sheet as of October 31, 2022; interim condensed consolidated statements of operations, comprehensive loss, and shareholders’ equity for the three and six months ended October 31, 2022 and 2021; and interim condensed consolidated statements of cash flows for the six months ended October 31, 2022 and 2021; are unaudited. These interim condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, include all normal recurring adjustments necessary to fairly state the Company’s financial position as of October 31, 2022; results of the Company’s operations for the three and six months ended October 31, 2022 and 2021; statements of shareholders’ equity for the three and six months ended October 31, 2022 and 2021; and statements of cash flows for the six months ended October 31, 2022 and 2021. The financial data and other financial information disclosed in the notes to these interim condensed consolidated financial statements related to the three and six month periods are also unaudited. The results for the three and six months ended October 31, 2022 are not necessarily indicative of the operating results expected for the fiscal year ending April 30, 2023, or any future period. The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the financial statements of the Company and its wholly-owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed balance sheet data as of April 30, 2022 was derived from the Company’s audited financial statements, but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2022 filed with the SEC on June 21, 2022 (“the Company's Annual Report on Form 10-K”).
Fiscal Year	Fiscal Year The Company’s fiscal year ends on April 30. References to fiscal 2023, for example, refer to the fiscal year ending April 30, 2023.
Use of Estimates and Judgments	Use of Estimates and Judgments The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, allocation of revenue between recognized and deferred amounts, deferred contract acquisition costs, allowance for credit losses, valuation of stock-based compensation, fair value of ordinary shares in periods prior to the Company’s initial public offering, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, whether an arrangement is or contains a lease, the discount rate used for operating leases and valuation allowance for deferred income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require the exercise of judgment. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates, judgments or revise the carrying value of the Company’s assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements.

Revenue and Performance Oblig_2

Revenue and Performance Obligations (Tables)	6 Months Ended
	Oct. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Products and Services	The following table presents revenue by category (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Amount % of Amount % of Amount % of Amount % of Elastic Cloud $ 103,237 39 % $ 69,031 34 % $ 200,966 39 % $ 130,561 33 % Other subscription 137,974 52 % 121,226 58 % 272,059 53 % 236,881 59 % Total subscription 241,211 91 % 190,257 92 % 473,025 92 % 367,442 92 % Services 23,190 9 % 15,723 8 % 41,457 8 % 31,633 8 % Total revenue $ 264,401 100 % $ 205,980 100 % $ 514,482 100 % $ 399,075 100 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Oct. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on Recurring Basis	The following table summarizes assets that are measured at fair value on a recurring basis as of October 31, 2022 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 566,258 $ — $ — $ 566,258 The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2022 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 559,462 $ — $ — $ 559,462

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Oct. 31, 2022
Balance Sheet Components [Abstract]
Schedule of Cost and Accumulated Depreciation of Property and Equipment	The cost and accumulated depreciation of property and equipment were as follows (in thousands): Useful Life (in years) As of As of Leasehold improvements Lesser of estimated useful life or remaining lease term $ 11,017 $ 10,863 Computer hardware and software 3 2,186 1,473 Furniture and fixtures 3-5 5,979 5,753 Assets under construction 21 1,119 Total property and equipment 19,203 19,208 Less: accumulated depreciation (13,507) (12,001) Property and equipment, net $ 5,696 $ 7,207
Schedule of Intangible Assets	Intangible assets consisted of the following as of October 31, 2022 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 37,279 $ 32,851 3.1 Customer relationships 19,598 15,428 4,170 0.9 Trade names 2,872 2,476 396 0.9 Total $ 92,600 $ 55,183 $ 37,417 3.0 Foreign currency translation adjustment (33) Total $ 37,384 Intangible assets consisted of the following as of April 30, 2022 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 31,355 $ 38,775 3.6 Customer relationships 19,598 13,177 6,421 1.4 Trade names 2,872 2,263 609 1.4 Total $ 92,600 $ 46,795 $ 45,805 3.2 Foreign currency translation adjustment (5) Total $ 45,800
Schedule of Amortization Expense for Intangible Assets	Amortization expense for the intangible assets for the three and six months ended October 31, 2022 and 2021 was as follows (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Cost of revenue - subscription $ 2,961 $ 2,498 $ 5,925 $ 4,510 Sales and marketing 1,232 1,428 2,463 2,857 Total amortization of acquired intangible assets $ 4,193 $ 3,926 $ 8,388 $ 7,367
Schedule of Expected Future Amortization Expense of Intangible Assets	The expected future amortization expense related to the intangible assets as of October 31, 2022 was as follows (in thousands, by fiscal year): Remainder of 2023 $ 8,280 2024 13,985 2025 8,018 2026 5,057 2027 2,044 Total $ 37,384
Schedule of Changes to Goodwill	The following table represents the changes to goodwill (in thousands): Carrying Amount Balance as of April 30, 2022 $ 303,906 Foreign currency translation adjustment (164) Balance as of October 31, 2022 $ 303,742
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consisted of the following (in thousands): As of As of Accrued expenses $ 24,787 $ 24,066 Income taxes payable 11,352 4,286 Accrued interest 6,918 6,918 Value added taxes payable 5,329 8,926 Other 13,964 9,734 Total accrued expenses and other liabilities $ 62,350 $ 53,930
Schedule of Accrued Compensation and Benefits	Accrued compensation and benefits consisted of the following (in thousands): As of As of Accrued vacation $ 28,628 $ 27,280 Accrued commissions 15,654 23,806 Accrued payroll and withholding taxes 7,302 9,030 Other 8,917 7,886 Total accrued compensation and benefits $ 60,501 $ 68,002
Schedule of Unbilled Accounts Receivable, Deferred Contract Acquisition Costs, and Deferred Revenue from Contracts with Customers	The following table provides information about unbilled accounts receivable, deferred contract acquisition costs, and deferred revenue from contracts with customers (in thousands): As of As of Unbilled accounts receivable, included in accounts receivable, net $ 3,236 $ 9,244 Deferred contract acquisition costs $ 122,962 $ 118,047 Deferred revenue $ 433,585 $ 465,294 Deferred Contract Acquisition Costs The following table summarizes the activity of the deferred contract acquisition costs (in thousands): Six Months Ended October 31, 2022 2021 Beginning balance $ 118,047 $ 86,352 Capitalization of contract acquisition costs 40,589 38,255 Amortization of deferred contract acquisition costs (35,674) (28,570) Ending balance $ 122,962 $ 96,037 The Company did not recognize any impairment of deferred contract acquisition costs during the six months ended October 31, 2022 and 2021. Deferred Revenue The following table summarizes the deferred revenue activity (in thousands): Six Months Ended October 31, 2022 2021 Beginning balance $ 465,294 $ 397,700 Increases due to invoices issued, excluding amounts recognized as revenue during the period 269,645 238,822 Increase from acquisitions, net of revenue recognized — 1,001 Revenue recognized that was included in deferred revenue balance at beginning of period (301,354) (247,210) Ending balance $ 433,585 $ 390,313

Leases (Tables)

Leases (Tables)	6 Months Ended
	Oct. 31, 2022
Leases [Abstract]
Components of Lease Costs	Components of lease costs included in the condensed consolidated statement of operations were as follows (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Operating lease cost $ 3,318 $ 2,486 $ 6,451 $ 4,771 Short-term lease cost 565 449 1,348 990 Variable lease cost (3) 302 227 507 Total lease cost $ 3,880 $ 3,237 $ 8,026 $ 6,268
Lease Term and Discount Rate Information	Lease term and discount rate information are summarized as follows: As of Weighted average remaining lease term (years) 3.00 Weighted average discount rate 4.74 %
Future Minimum Lease Payments Based on Current Lease Accounting Standard	Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of October 31, 2022 were as follows (in thousands): Years Ending April 30, Remainder of 2023 $ 6,345 2024 12,688 2025 8,397 2026 4,379 2027 918 Thereafter 1,250 Total minimum lease payments 33,977 Less imputed interest (2,502) Present value of future minimum lease payments 31,475 Less current lease liabilities (12,348) Operating lease liabilities, non-current $ 19,127

Ordinary Shares (Tables)

Ordinary Shares (Tables)	6 Months Ended
	Oct. 31, 2022
Equity [Abstract]
Summary of Ordinary Shares Reserved for Issuance	The Company had reserved ordinary shares for issuance as follows: As of As of Stock options issued and outstanding 4,714,431 5,219,124 RSUs issued and outstanding 4,536,920 4,717,548 Remaining shares available for future issuance under the 2012 Plan 21,640,240 17,647,684 Total ordinary shares reserved 30,891,591 27,584,356

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Oct. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Equity Awards Available for Grant	The equity awards available for grant were as follows: Six Months Ended October 31, 2022 Available at beginning of fiscal year 17,647,684 Awards authorized 4,708,746 Options granted (94,105) Options cancelled 114,072 RSUs granted (1,230,913) RSUs cancelled 494,235 Shares withheld for taxes 521 Available at end of period 21,640,240
Summary of Stock Option Activity	The following table summarizes stock option activity (in thousands, except share and per share data): Stock Options Outstanding Number of Stock Options Outstanding Weighted- Average Exercise Price Remaining Contractual Term (in years) Aggregate Intrinsic Value Balance as of April 30, 2022 5,219,124 $ 29.41 6.22 $ 266,021 Stock options granted 94,105 $ 82.24 Stock options exercised (484,076) $ 16.04 Stock options cancelled (113,359) $ 79.85 Stock options assumed in acquisition cancelled (1,363) $ 54.63 Balance as of October 31, 2022 4,714,431 $ 30.62 5.80 $ 187,821 Exercisable as of October 31, 2022 3,818,238 $ 21.19 5.52 $ 173,361
Summary of RSU Activity	The following table summarizes RSU activity under the 2012 Plan: Number of Awards Weighted-Average Grant Date Fair Value Outstanding and unvested at April 30, 2022 4,717,548 $ 108.44 RSUs granted 1,230,913 $ 81.65 RSUs released (917,306) $ 102.56 RSUs cancelled (494,235) $ 109.97 Outstanding and unvested at October 31, 2022 4,536,920 $ 102.20
Summary of Stock-based Compensation Expense Related to Tender Offer Included in Consolidated Statement of Operations	Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations was as follows (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Cost of revenue Subscription $ 2,029 $ 2,064 $ 4,189 $ 4,198 Services 2,313 1,292 4,538 2,867 Research and development 18,763 13,658 37,473 25,755 Sales and marketing 16,013 8,403 31,660 18,253 General and administrative 8,169 4,565 16,310 9,087 Stock-based compensation expense, net of amounts capitalized 47,287 29,982 94,170 60,160 Capitalized stock-based compensation expense — 54 — 82 Total stock-based compensation expense $ 47,287 $ 30,036 $ 94,170 $ 60,242

Net Loss Per Share Attributab_2

Net Loss Per Share Attributable to Ordinary Shareholders (Tables)	6 Months Ended
	Oct. 31, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Loss Per Share Attributable to Ordinary Shareholders	The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders (in thousands, except share and per share data): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Numerator: Net loss $ (47,305) $ (47,023) $ (116,856) $ (81,512) Denominator: Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted 95,307,146 92,206,199 94,964,423 91,703,786 Net loss per share attributable to ordinary shareholders, basic and diluted $ (0.50) $ (0.51) $ (1.23) $ (0.89)
Schedule of Outstanding Potentially Dilutive Ordinary Shares Excluded from Computation of Diluted Net Loss Per Share Attributable to Ordinary Shareholders	The following outstanding potentially dilutive ordinary shares were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because the impact of including them would have been antidilutive: Six Months Ended October 31, 2022 2021 Stock options 4,714,431 5,913,745 RSUs 4,536,920 3,074,014 Total 9,251,351 8,987,759

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Oct. 31, 2022
Segment Reporting [Abstract]
Schedule of Revenue by Geographic Area	The following table summarizes the Company’s total revenue by geographic area based on the billing address of the customers (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 United States $ 159,694 $ 115,509 $ 305,061 $ 218,649 Rest of world 104,707 90,471 209,421 180,426 Total revenue $ 264,401 $ 205,980 $ 514,482 $ 399,075
Schedule of Property and Equipment, Net of Depreciation	The following table presents the Company’s long-lived assets, including property and equipment, net, and operating lease right-of-use assets, by geographic region (in thousands): As of As of United States $ 21,862 $ 22,112 The Netherlands 4,777 1,728 United Kingdom 3,188 4,478 India 2,649 3,407 Rest of world 3,060 919 Total long-lived assets $ 35,536 $ 32,644

Revenue and Performance Oblig_3

Revenue and Performance Obligations - Schedule of Revenue by Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 264,401	$ 205,980	$ 514,482	$ 399,075
Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	100%	100%	100%	100%
Total subscription
Disaggregation of Revenue [Line Items]
Total revenue	$ 241,211	$ 190,257	$ 473,025	$ 367,442
Total subscription | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	91%	92%	92%	92%
SaaS
Disaggregation of Revenue [Line Items]
Total revenue	$ 103,237	$ 69,031	$ 200,966	$ 130,561
SaaS | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	39%	34%	39%	33%
Self-managed subscription
Disaggregation of Revenue [Line Items]
Total revenue	$ 137,974	$ 121,226	$ 272,059	$ 236,881
Self-managed subscription | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	52%	58%	53%	59%
Professional services
Disaggregation of Revenue [Line Items]
Total revenue	$ 23,190	$ 15,723	$ 41,457	$ 31,633
Professional services | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	9%	8%	8%	8%

Revenue and Performance Oblig_4

Revenue and Performance Obligations - Additional Information (Details) $ in Millions	Oct. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 901.2
Revenue, remaining performance obligation, percentage	89%
Revenue, remaining performance obligation, remaining duration	24 months

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets are Measured at Fair Value on Recurring Basis (Details) - Money market funds - Recurring - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 566,258	$ 559,462
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	566,258	559,462
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	Sep. 17, 2021	Oct. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		$ 480,700
Debt Instrument, Interest Rate, Stated Percentage		4.125%
cmdWatch Security Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
business combination, replacement awards post-acquisition expense	$ 6,600

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands		6 Months Ended
	Sep. 17, 2021	Oct. 31, 2022	Apr. 30, 2022
Business Acquisition [Line Items]
Goodwill		$ 303,742	$ 303,906
cmdWatch Security Inc.
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 77,800
Business Combination, Consideration transferred, held in Escrow	13,400
Business Combination, Consideration Transferred for Outstanding Options	4,300
business combination, Fair Value of replacement awards attributable to pre-combination consideration, paid in cash	3,000
business combination, Fair Value of replacement awards attributable to pre-combination consideration, non-cash	1,300
business combination, replacement awards post-acquisition expense	6,600
Business Combination, Founders Holdback excluded from consideration	6,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	15,500
Goodwill	$ 58,700	46,700
Other Acquisitions
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		57,200
Business Combination, Consideration transferred, held in Escrow		5,400
Business Combination, Founders Holdback excluded from consideration		6,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		9,800
Business Combination, Deferred Consideration, held by company		$ 6,000

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Cost and Accumulated Depreciation of Property and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2022	Apr. 30, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 19,203	$ 19,208
Less: accumulated depreciation	(13,507)	(12,001)
Property and equipment, net	$ 5,696	7,207
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives, description	Lesser of estimated useful life or remaining lease term
Total property and equipment	$ 11,017	10,863
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Total property and equipment	$ 2,186	1,473
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 5,979	5,753
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Assets under construction
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 21	$ 1,119

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2020
Balance Sheet Components [Abstract]
Depreciation expense	$ 1,000,000	$ 1,000,000	$ 2,000,000	$ 2,000,000
Goodwill impairment			0	0	$ 0
Impairment of deferred contract acquisition costs recognized			$ 0	$ 0	$ 0

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 31, 2022	Oct. 31, 2022	Apr. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value		$ 92,600	$ 92,600
Accumulated Amortization		55,183	46,795
Net Book Value		$ 37,417	45,805
Weighted Average Remaining Useful Life (in years)	3 years 2 months 12 days	3 years
Foreign currency translation adjustment		$ (33)	(5)
Total		37,384	45,800
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value		70,130	70,130
Accumulated Amortization		37,279	31,355
Net Book Value		$ 32,851	38,775
Weighted Average Remaining Useful Life (in years)	3 years 7 months 6 days	3 years 1 month 6 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value		$ 19,598	19,598
Accumulated Amortization		15,428	13,177
Net Book Value		$ 4,170	6,421
Weighted Average Remaining Useful Life (in years)	1 year 4 months 24 days	10 months 24 days
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value		$ 2,872	2,872
Accumulated Amortization		2,476	2,263
Net Book Value		$ 396	$ 609
Weighted Average Remaining Useful Life (in years)	1 year 4 months 24 days	10 months 24 days

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Amortization Expense For Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Apr. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Total amortization of acquired intangible assets	$ 4,193	$ 3,926	$ 8,388	$ 7,367
Foreign currency translation adjustment	(33)		(33)		$ (5)
Total	37,384		37,384		$ 45,800
Cost of revenue | Subscription - self-managed and SaaS
Finite-Lived Intangible Assets [Line Items]
Total amortization of acquired intangible assets	2,961	2,498	5,925	4,510
Sales and marketing
Finite-Lived Intangible Assets [Line Items]
Total amortization of acquired intangible assets	$ 1,232	$ 1,428	$ 2,463	$ 2,857

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Expected Future Amortization Expense of the Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 8,280
2024	13,985
2025	8,018
2026	5,057
2027	2,044
Total	$ 37,384	$ 45,800

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Changes to Goodwill (Details) $ in Thousands	6 Months Ended
	Oct. 31, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 303,906
Foreign currency translation adjustment	(164)
Ending balance	$ 303,742

Balance Sheet Components - Sc_6

Balance Sheet Components - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Balance Sheet Components [Abstract]
Accrued expenses	$ 24,787	$ 24,066
Income taxes payable	11,352	4,286
Value added taxes payable	5,329	8,926
Other	13,964	9,734
Total accrued expenses and other liabilities	62,350	53,930
Accrued interest on Senior Notes	$ 6,918	$ 6,918

Balance Sheet Components - Sc_7

Balance Sheet Components - Schedule of Accrued Compensation and Benefits (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Balance Sheet Components [Abstract]
Accrued vacation	$ 28,628	$ 27,280
Accrued commissions	15,654	23,806
Accrued payroll and withholding taxes	7,302	9,030
Other	8,917	7,886
Total accrued compensation and benefits	$ 60,501	$ 68,002

Balance Sheet Components - Sc_8

Balance Sheet Components - Schedule of Information About Contracts with Customers (Details)) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Contract Balances [Line Items]
Deferred revenue	$ 433,585	$ 465,294	$ 390,313	$ 397,700
Contracts with Customers
Contract Balances [Line Items]
Unbilled accounts receivable, included in accounts receivable, net	3,236	9,244
Deferred contract acquisition costs	122,962	118,047
Deferred revenue	$ 433,585	$ 465,294

Balance Sheet Components - Sc_9

Balance Sheet Components - Schedule of Significant Changes in Deferred Revenue (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 465,294	$ 397,700
Amounts transferred to deferred revenue from accrued expenses and other liabilities upon entering into contracts with customers, net of revenue recognized during the period	269,645	238,822
Revenue recognized that was included in deferred revenue balance at beginning of period	(301,354)	(247,210)
Ending balance	433,585	390,313
Increases due to invoices issued, excluding amounts recognized as revenue during the period	$ 0	$ 1,001

Balance Sheet Components - S_10

Balance Sheet Components - Schedule of Activity of Deferred Contract Acquisition Costs (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Contract Acquisition Cost [Roll Forward]
Beginning balance	$ 118,047	$ 86,352
Capitalization of contract acquisition costs	40,589	38,255
Amortization of deferred contract acquisition costs	(35,674)	(28,570)
Ending balance	$ 122,962	$ 96,037

Balance Sheet Components - Liab

Balance Sheet Components - Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Beginning balance	$ 2,700	$ 2,344
Bad debt expense	785	2,221
Accounts written off	(1,684)	(1,669)
Ending balance	$ 1,801	$ 2,896

Debt (Details)

Debt (Details) - USD ($)		1 Months Ended	6 Months Ended
	Sep. 17, 2021	Jul. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Apr. 30, 2022
Debt Disclosure [Abstract]
Proceeds from Issuance of Senior Long-term Debt		$ 575,000,000	$ 0	$ 575,000,000
Debt Instrument, Interest Rate, Stated Percentage			4.125%
Long-term debt, net		565,700,000	$ 567,026,000		$ 566,520,000
underwriting commissions		7,200,000
Other issuance cost		2,100,000
Debt Issuance Costs, Gross		9,300,000
Long-term Debt, Gross			575,000,000
Debt Issuance Costs, Net			(7,974,000)
Interest Expense, Debt, Excluding Amortization			11,859,000
Amortization of debt issuance costs			506,000	307,000
Interest Expense, Debt			12,365,000
Debt Instrument [Line Items]
Proceeds from Issuance of Senior Long-term Debt		575,000,000	$ 0	575,000,000
Debt Instrument, Interest Rate, Stated Percentage			4.125%
Long-term debt, net		565,700,000	$ 567,026,000		$ 566,520,000
underwriting commissions		7,200,000
Other issuance cost		2,100,000
Debt Issuance Costs, Gross		$ 9,300,000
Long-term Debt, Gross			575,000,000
Debt Issuance Costs, Net			7,974,000
Interest Expense, Debt, Excluding Amortization			11,859,000
Amortization of debt issuance costs			506,000	$ 307,000
Interest Expense, Debt			$ 12,365,000
cmdWatch Security Inc.
Debt Instrument [Line Items]
Business Combination, Consideration Transferred for Outstanding Options	$ 4,300,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	6 Months Ended
	Oct. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Letters of credit outstanding amount	$ 2,300,000
Provision for indemnification claims	0
Proceeds from Legal Settlements	$ 10,200,000

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Leases [Abstract]
Operating lease cost	$ 3,318	$ 2,486	$ 6,451	$ 4,771
Short-term lease cost	565	449	1,348	990
Variable lease cost	(3)	(302)	(227)	(507)
Total lease cost	$ 3,880	$ 3,237	$ 8,026	$ 6,268

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate Information (Details)	Oct. 31, 2022
Leases [Abstract]
Weighted average remaining lease term (years)	3 years
Weighted average discount rate	4.74%

Leases - Future Minimum Lease B

Leases - Future Minimum Lease Based on Current Lease Accounting Standard (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Leases [Abstract]
Remainder of 2023	$ 6,345
2024	12,688
2025	8,397
2026	4,379
2027	918
Thereafter	1,250
Total minimum lease payments	33,977
Less imputed interest	(2,502)
Present value of future minimum lease payments	31,475
Less current lease liabilities	(12,348)	$ (11,219)
Operating lease liabilities, non-current	$ 19,127	$ 16,482

Ordinary Shares - Additional In

Ordinary Shares - Additional Information (Details)		6 Months Ended
	Oct. 10, 2018 shares	Oct. 31, 2022 € / shares	Oct. 31, 2022 USD ($) shares	Apr. 30, 2022 shares
Class of Stock [Line Items]
Ordinary shares, shares authorized (in shares)			165,000,000
Ordinary shares, voting rights		one vote per ordinary share
Dividends declared | $			$ 0
Convertible Preference Shares
Class of Stock [Line Items]
Preferred stock, shares authorized term	5 years
Preference shares, shares authorized (in shares)	165,000,000		165,000,000	165,000,000
Preference shares, shares issued (in shares)			0	0
Preference shares, shares outstanding (in shares)			0	0
Maximum
Class of Stock [Line Items]
Par value of shares issued ( in € / shares) | € / shares		€ 0.01

Ordinary Shares - Summary of Or

Ordinary Shares - Summary of Ordinary Shares Reserved for Issuance (Details) - shares	Oct. 31, 2022	Apr. 30, 2022
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	30,891,591	27,584,356
Stock options
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	4,714,431	5,219,124
RSUs
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	4,536,920	4,717,548
2012 Plan
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	21,640,240	17,647,684

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Sep. 30, 2018	Oct. 31, 2022	Oct. 31, 2022
Share-Based Payment Arrangement [Abstract]
Unrecognized stock-based compensation expense related to unvested stock options		$ 37.2	$ 37.2
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAssumedInPeriodWeightedAverageGrantDateFairValue		$ 49.97	$ 48.56
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAssumedInPeriodWeightedAverageGrantDateFairValue		$ 49.97	$ 48.56
Unrecognized stock-based compensation expense related to unvested stock options		$ 37.2	$ 37.2
Equity Settled RSUs
Share-Based Payment Arrangement [Abstract]
Unrecognized stock-based compensation expense related to unvested stock options		421	421
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense related to unvested stock options		$ 421	$ 421
2012 Plan
Share-Based Payment Arrangement [Abstract]
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAssumedInPeriodWeightedAverageGrantDateFairValue			$ 122.13
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAssumedInPeriodWeightedAverageGrantDateFairValue			$ 122.13
New Employee | 2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term (in years)	4 years

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Equity Awards Available for Grant (Details)	6 Months Ended
	Oct. 31, 2022 shares
Equity Awards, Outstanding [Roll Forward]
Available at beginning of fiscal year (in shares)	17,647,684
Awards authorized (in shares)	4,708,746
Options granted (in shares)	(94,105)
Options cancelled (in shares)	114,072
Available at end of fiscal year (in shares)	21,640,240
RSUs
Equity Awards, Outstanding [Roll Forward]
RSUs granted (in shares)	(1,230,913)
RSUs cancelled (in shares)	494,235
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	521

Equity Incentive Plans - Summ_2

Equity Incentive Plans - Summary of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 31, 2022 USD ($) $ / shares shares	Oct. 31, 2022 USD ($) $ / shares shares
Options, Outstanding Number [Roll Forward]
Stock options granted (in shares)		94,105
Stock options
Aggregate Intrinsic Value
Unrecognized over a weighted-average period (in years)		2 years 2 months 19 days
2012 Plan
Options, Outstanding Number [Roll Forward]
Beginning balance (in shares)	5,219,124	5,219,124
Stock options granted (in shares)		94,105
Stock options assumed in acquisition (in dollars per share) | $ / shares		$ 16.04
Stock options assumed in acquisition (in shares)		(484,076)
Stock options exercised (in shares)		(113,359)
Stock options cancelled (in shares)		(1,363)
Stock options assumed in acquisition cancelled (in shares)		4,714,431
Exercisable as of April 30, 2021 (in dollars per share) | $ / shares		$ 21.19
Exercisable as of April 30, 2021 (in shares)		3,818,238
Options Outstanding, Weighted Average Exercise Price [Abstract]
Beginning balance (in dollars per share) | $ / shares	$ 29.41	$ 29.41
Stock options granted (in dollar per share) | $ / shares		82.24
Stock options exercised (in dollars per share) | $ / shares		79.85
Stock options cancelled (in dollars per share) | $ / shares		54.63
Stock options assumed in acquisition cancelled (in dollars per share) | $ / shares		$ 30.62
Remaining Contractual Term (in years)
Remaining Contractual Term (in years)	6 years 2 months 19 days	5 years 9 months 18 days
Exercisable, Remaining Contractual Term (in years)		5 years 6 months 7 days
Aggregate Intrinsic Value
Beginning balance | $	$ 266,021	$ 266,021
Ending balance | $		187,821
Exercisable as of April 30, 2021 | $		$ 173,361

Equity Incentive Plans - Summ_3

Equity Incentive Plans - Summary of RSU Activity (Details) - RSUs	6 Months Ended
	Oct. 31, 2022 $ / shares shares
Non-option Awards, Outstanding Number [Roll Forward]
Number of Awards, RSUs granted (in shares)	1,230,913
Number of Awards, RSUs cancelled (in shares)	(494,235)
Non-option Awards, Weighted Average Grant Date Fair Value [Roll Forward]
Unrecognized over a weighted-average period (in years)	2 years 8 months 8 days
2012 Plan
Non-option Awards, Outstanding Number [Roll Forward]
Number of Awards Outstanding and unvested at Beginning of Year ((in shares)	4,717,548
Number of Awards, RSUs granted (in shares)	1,230,913
Number of Awards, RSUs released (in shares)	(917,306)
Number of Awards, RSUs cancelled (in shares)	(494,235)
Number of Awards Outstanding and unvested at Year End (in shares)	4,536,920
Non-option Awards, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Grant Date Fair Value, Outstanding and unvested, Beginning of Year (in dollar per share) | $ / shares	$ 108.44
Weighted-Average Grant Date Fair Value, RSUs granted (in dollar per share) | $ / shares	81.65
Weighted-Average Grant Date Fair Value, RSUs released (in dollar per share) | $ / shares	102.56
Weighted-Average Grant Date Fair Value, RSUs cancelled (in dollar per share) | $ / shares	109.97
Weighted-Average Grant Date Fair Value, Outstanding and unvested, End of Year (in dollar per share) | $ / shares	$ 102.20

Equity Incentive Plans - Summ_4

Equity Incentive Plans - Summary of Stock-based Compensation Expense Recognized in Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 47,287	$ 29,982	$ 94,170	$ 60,160
Capitalized stock-based compensation expense	0	54	0	82
Total stock-based compensation expense	47,287	30,036	94,170	60,242
Subscription
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,029	2,064	4,189	4,198
Services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,313	1,292	4,538	2,867
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	18,763	13,658	37,473	25,755
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	16,013	8,403	31,660	18,253
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 8,169	$ 4,565	$ 16,310	$ 9,087

Net Loss Per Share Attributab_3

Net Loss Per Share Attributable to Ordinary Shareholders - Schedule of Computation of Basic and Diluted Net Loss Per Share Attributable to Ordinary Shareholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Numerator:
Net loss	$ (47,305)	$ (47,023)	$ (116,856)	$ (81,512)
Denominator:
Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, basic and diluted (in shares)	95,307,146	92,206,199	94,964,423	91,703,786
Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, diluted (in shares)			94,964,423	91,703,786
Net loss per share attributable to ordinary shareholders, diluted (in dollars per share)			$ (1.23)	$ (0.89)
Net loss per share attributable to ordinary shareholders, basic (in dollars per share)	$ (0.50)	$ (0.51)	$ (1.23)	$ (0.89)

Net Loss Per Share Attributab_4

Net Loss Per Share Attributable to Ordinary Shareholders - Schedule of Outstanding Potentially Dilutive Ordinary Shares Excluded from Computation of Diluted Net Loss Per Share Attributable to Ordinary Shareholders (Details) - shares	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	9,251,351	8,987,759
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	4,714,431	5,913,745
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	4,536,920	3,074,014

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 7,043	$ 2,850	$ 9,891	$ 5,503
Tax Provision Adjustment - acquisition related	$ 3,700

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
United States
Defined Contribution Plan Disclosure [Line Items]
Defined contribution expense related to plan	$ 4.4	$ 3.5	$ 9.1	$ 7
Other Countries
Defined Contribution Plan Disclosure [Line Items]
Defined contribution expense related to plan	$ 2.1	$ 1.6	$ 4.5	$ 3.2
Maximum | United States
Defined Contribution Plan Disclosure [Line Items]
Percentage of defined contribution to participating employees			6%

Segment Information - Schedule

Segment Information - Schedule of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 264,401	$ 205,980	$ 514,482	$ 399,075
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	159,694	115,509	305,061	218,649
Rest of world
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 104,707	$ 90,471	$ 209,421	$ 180,426

Segment Information - Schedul_2

Segment Information - Schedule of Property and Equipment, Net of Depreciation (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 35,536	$ 32,644
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	21,862	22,112
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	3,188	4,478
INDIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	2,649	3,407
Rest of world
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	3,060	919
NETHERLANDS
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 4,777	$ 1,728

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event $ in Millions	Nov. 30, 2022 USD ($)
Employee Severance
Subsequent Event [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated, Period Percent	13%
Minimum
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	$ 32
Minimum | Employee Severance
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	25
Maximum
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	36
Maximum | Employee Severance
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	$ 28