Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2025	Apr. 30, 2025
Current assets:
Cash and cash equivalents	$ 800,586	$ 727,543
Restricted cash	3,468	3,671
Marketable securities	595,485	669,717
Accounts receivable, net of allowance for credit losses of $5,947 and $5,510 as of October 31, 2025 and April 30, 2025, respectively	260,949	375,613
Deferred contract acquisition costs	86,795	86,205
Prepaid expenses and other current assets	78,209	68,258
Total current assets	1,825,492	1,931,007
Property and equipment, net	6,073	6,589
Goodwill	359,706	319,417
Operating lease right-of-use assets	17,682	22,334
Intangible assets, net	18,170	11,404
Deferred contract acquisition costs, non-current	118,920	117,762
Deferred tax assets	113,402	168,045
Other assets	17,125	16,295
Total assets	2,476,570	2,592,853
Current liabilities:
Accounts payable	37,235	17,150
Accrued expenses and other liabilities	100,926	86,347
Accrued compensation and benefits	89,501	93,714
Operating lease liabilities	6,716	8,928
Deferred revenue	692,666	802,117
Total current liabilities	927,044	1,008,256
Deferred revenue, non-current	39,845	50,340
Long-term debt, net	570,306	569,729
Operating lease liabilities, non-current	13,685	16,357
Other liabilities, non-current	34,578	20,937
Total liabilities	1,585,458	1,665,619
Commitments and contingencies (Notes 8 and 9)
Shareholders’ equity:
Preference shares, €0.01 par value; 165,000,000 shares authorized, 0 shares issued and outstanding as of October 31, 2025 and April 30, 2025	0	0
Ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 107,207,662 shares issued and 105,820,073 shares outstanding as of October 31, 2025; 105,534,887 shares issued and outstanding as of April 30, 2025	1,131	1,112
Treasury stock, at cost; 1,387,589 shares held as of October 31, 2025 and 35,937 shares held as of April 30, 2025	(114,545)	(369)
Additional paid-in capital	2,204,689	2,049,416
Accumulated other comprehensive loss	(24,555)	(23,204)
Accumulated deficit	(1,175,608)	(1,099,721)
Total shareholders’ equity	891,112	927,234
Total liabilities and shareholders’ equity	$ 2,476,570	$ 2,592,853

Elastic N.V. 10-Q