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Elastic N.V
(NYSE:ESTC) 

ESTC stock logo

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as...

Founded: 2012
IPO Price: $36 (Oct 05, 2018)
Full Time Employees: 2,966 (Jan 2023)
Founder: Shay Banon 
CEO: Ash Kulkarni  
Sector: Technology
Industry: Software-Application
DatabaseSaaS
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At a glance:
  • Core Platform for Search, Observability, and Security: Elastic N.V. provides a powerful data analytics platform, best known for its open-source ELK Stack (Elasticsearch, Kibana), enabling real-time search, logging, metrics, and security analytics across diverse data sources.
  • Strong Cloud Transition and Subscription Revenue Growth: The company is successfully migrating customers to its Elastic Cloud managed service, driving robust recurring revenue growth through its subscription-based model and expanding its global reach.
  • Expanding Enterprise Adoption and Diverse Use Cases: Elastic's platform is increasingly adopted by large enterprises for a wide array of mission-critical applications, including website search, application performance monitoring, threat detection, and business intelligence.
  • Investing in Innovation with Improving Financial Trajectory: Elastic continues to invest significantly in product development and AI capabilities, showing strong revenue growth and an improving, though often still negative, free cash flow trajectory as it prioritizes market expansion and long-term growth.
Bull Thesis:
  • Robust Elastic Cloud Growth and SaaS Transition: Elastic continues to demonstrate strong growth in its Elastic Cloud offering, indicating a successful transition to a higher-margin, recurring SaaS model. This shift enhances revenue predictability, customer stickiness, and scalability, as more customers opt for managed services over self-hosting.
  • Expanding Use Cases and Large Addressable Market: Elastic's platform extends beyond its traditional logging roots into critical areas like observability, security, and enterprise search. This broad applicability allows the company to address a massive and growing total addressable market (TAM), enabling cross-selling and deeper penetration within existing accounts.
  • Effective Land and Expand Strategy: The company's business model effectively leverages an 'land and expand' approach, where customers often start with one use case (e.g., logging) and gradually adopt additional solutions (e.g., APM, security analytics, enterprise search) as they realize value. This organic expansion within customer accounts drives consistent revenue growth.
  • Continuous Innovation and Product Leadership: Elastic consistently innovates, adding new features and capabilities across its stack (Elasticsearch, Kibana, Logstash, Beats). This commitment to product development ensures its offerings remain competitive and relevant, attracting new users and retaining existing ones by solving evolving data challenges.
Bear Thesis:
  • Intense Competition from Hyperscalers and Specialized Vendors: Elastic faces significant competition from cloud providers (e.g., AWS OpenSearch, Azure Monitor, Google Cloud Logging) and well-established specialized players (e.g., Splunk, Datadog, Dynatrace). This competitive pressure can lead to pricing challenges, slower market share gains, and increased sales and marketing expenses.
  • Profitability Challenges and High Operating Expenses: Despite strong revenue growth, Elastic has historically struggled with consistent GAAP profitability due to high investments in research and development, as well as sales and marketing. While non-GAAP metrics show improvement, sustained GAAP profitability remains a key concern for some investors.
  • Macroeconomic Headwinds and Consumption Volatility: As a consumption-based model, Elastic's revenue can be sensitive to macroeconomic downturns. Customers may optimize cloud spend, reduce data ingestion volumes, or delay new projects during periods of economic uncertainty, leading to potential volatility or deceleration in revenue growth.
  • Impact of Open Source Licensing Changes and Community Backlash: Elastic's decision to change its open-source licensing to SSPL for some components led to community backlash and the creation of forks (like AWS's OpenSearch). This move could potentially alienate parts of the developer community, impact adoption among new users, or complicate future ecosystem growth.
Main Competitors:
  • Splunk Inc. (Splunk Enterprise, Splunk Cloud), Splunk is a direct and formidable competitor across log management, observability (APM, infrastructure monitoring), and SIEM (Security Information and Event Management). Both companies offer powerful platforms for data ingestion, search, analysis, and visualization, targeting operational intelligence, security analytics, and compliance use cases.
  • Datadog, Inc. ($DDOG) (Datadog Platform (APM, Infrastructure Monitoring, Log Management)), Datadog competes intensely in the observability market, providing comprehensive solutions for application performance monitoring (APM), infrastructure monitoring, log management, and real user monitoring (RUM). Its integrated platform directly challenges Elastic's Observability stack, particularly for cloud-native and microservices environments.
  • Amazon Web Services (AWS) ($AMZN) (Amazon OpenSearch Service, CloudWatch, Kinesis), AWS competes through its managed Amazon OpenSearch Service (a fork of Elasticsearch), offering a cloud-native alternative for search and analytics. Additionally, AWS CloudWatch and other services provide logging, monitoring, and analytics capabilities that overlap with Elastic's offerings, particularly for AWS-native workloads, often leveraging the convenience of a fully managed cloud service.
  • Grafana Labs (Grafana, Loki, Prometheus), Grafana Labs competes by offering a popular open-source observability stack, including Grafana for visualization, Loki for log aggregation, and Prometheus for metrics. This provides a cost-effective, flexible alternative to Elastic's observability and log management solutions, especially for users preferring open-source components and a composable architecture.
  • Microsoft Corporation ($MSFT) (Azure Monitor, Azure Log Analytics, Microsoft Sentinel), Microsoft competes with its Azure cloud services, specifically Azure Monitor for infrastructure and application monitoring, Azure Log Analytics for log management, and Microsoft Sentinel for cloud-native SIEM. These integrated solutions offer alternatives to Elastic's offerings for organizations heavily invested in the Azure ecosystem.
Moat:
Elastic N.V. maintains a strong competitive position through its open-source roots, fostering a large community and offering a flexible, unified platform for search, observability, and security. Its developer-friendly nature, scalability, and ability to deploy across hybrid and multi-cloud environments are key differentiators. However, Elastic faces intense competition from several fronts. Dedicated players like Splunk and Datadog offer highly specialized and often deeply integrated solutions in observability and SIEM. Cloud providers such as AWS (with Amazon OpenSearch Service) and Microsoft (with Azure Monitor/Sentinel) leverage their ecosystem lock-in and managed service convenience to attract customers, sometimes commoditizing the underlying search technology. Additionally, other open-source alternatives like Grafana, Loki, and Prometheus provide cost-effective, composable solutions, particularly for users comfortable with self-management. Elastic's challenge lies in continuously innovating its proprietary features and cloud offerings to justify its value proposition against both specialized competitors and the broad, integrated services of hyperscale cloud providers.
Income Statements:
Quarterly
Annual
    Unit: USD2026-04-30 2026-01-31 2025-10-31 2025-07-31 2025-04-30 2025-01-31 2024-10-31 2024-07-31 2024-04-30 2024-01-31 2023-10-31 2023-07-31 2023-04-30 2023-01-31 2022-10-31 2022-07-31 2022-04-30 2022-01-31 2021-10-31 2021-07-31 2021-04-30 2021-01-31 2020-10-31 2020-07-31 2020-04-30 2020-01-31 2019-10-31 2019-07-31 2019-04-30 2019-01-31 2018-10-31 
                                   
      revenue
    		                               
      subscription
    		422,446,000 425,727,000 397,699,000 388,583,000 361,741,000 358,198,000 340,807,000 323,774,000 310,984,000 307,632,000 287,743,000 270,247,000 256,124,000 255,613,000 241,211,000 231,814,000                
      services
    		28,235,000 24,154,000 25,782,000 26,705,000 26,691,000 23,885,000 24,554,000 23,646,000 24,015,000 20,325,000 22,869,000 23,506,000 23,817,000 18,953,000 23,190,000 18,267,000                
      total revenue
    		450,681,000 449,881,000 423,481,000 415,288,000 388,432,000 382,083,000 365,361,000 347,420,000 334,999,000 327,957,000 310,612,000 293,753,000 279,941,000 274,566,000 264,401,000 250,081,000 239,355,000 223,944,000 205,980,000 193,095,000 177,610,000 157,115,000 144,894,000 128,870,000 123,623,000 113,181,000 101,106,000 89,710,000 80,599,000 70,835,000 63,575,000 
      yoy
    		16.03% 17.74% 15.91% 19.53% 15.95% 16.50% 17.63% 18.27% 19.67% 19.45% 17.48% 17.46% 16.96% 22.60% 28.36% 29.51% 34.76% 42.54% 42.16% 49.84% 43.67% 38.82% 43.31% 43.65% 53.38% 59.78% 59.03%     
      qoq
    		0.18% 6.23% 1.97% 6.91% 1.66% 4.58% 5.16% 3.71% 2.15% 5.58% 5.74% 4.93% 1.96% 3.84% 5.73% 4.48% 6.88% 8.72% 6.67% 8.72% 13.04% 8.43% 12.43% 4.24% 9.23% 11.94% 12.70% 11.30% 13.78% 11.42%  
      cost of revenue
    		                               
      total cost of revenue
    		111,060,000 106,439,000 102,027,000 96,746,000 97,785,000 97,152,000 93,179,000 91,757,000 87,871,000 84,642,000 80,089,000 77,477,000 73,682,000 75,208,000 74,757,000 72,979,000 67,364,000 61,284,000 53,884,000 49,662,000 45,807,000 41,968,000 38,448,000 34,831,000 34,273,000 33,405,000 28,761,000 26,251,000 23,442,000 20,424,000 18,587,000 
      gross profit
    		339,621,000 343,442,000 321,454,000 318,542,000 290,647,000 284,931,000 272,182,000 255,663,000 247,128,000 243,315,000 230,523,000 216,276,000 206,259,000 199,358,000 189,644,000 177,102,000 171,991,000 162,660,000 152,096,000 143,433,000 131,803,000 115,147,000 106,446,000 94,039,000 89,350,000 79,776,000 72,345,000 63,459,000 57,157,000 50,411,000 44,988,000 
      yoy
    		16.85% 20.54% 18.10% 24.59% 17.61% 17.10% 18.07% 18.21% 19.81% 22.05% 21.56% 22.12% 19.92% 22.56% 24.69% 23.47% 30.49% 41.26% 42.89% 52.53% 47.51% 44.34% 47.14% 48.19% 56.32% 58.25% 60.81%     
      qoq
    		-1.11% 6.84% 0.91% 9.60% 2.01% 4.68% 6.46% 3.45% 1.57% 5.55% 6.59% 4.86% 3.46% 5.12% 7.08% 2.97% 5.74% 6.95% 6.04% 8.82% 14.46% 8.17% 13.19% 5.25% 12.00% 10.27% 14.00% 11.03% 13.38% 12.05%  
      gross margin %
    		75.36% 76.34% 75.91% 76.70% 74.83% 74.57% 74.50% 73.59% 73.77% 74.19% 74.22% 73.63% 73.68% 72.61% 71.73% 70.82% 71.86% 72.63% 73.84% 74.28% 74.21% 73.29% 73.46% 72.97% 72.28% 70.49% 71.55% 70.74% 70.92% 71.17% 70.76% 
      operating expenses
    		                               
      research and development
    		120,261,000 114,390,000 108,152,000 109,122,000 94,665,000 93,598,000 88,163,000 89,332,000 93,951,000 87,202,000 80,108,000 80,690,000 81,765,000 77,472,000 75,568,000 78,649,000 78,867,000 71,749,000 63,763,000 59,382,000 55,437,000 51,400,000 46,688,000 45,678,000 45,591,000 46,119,000 38,478,000 35,182,000 31,004,000 25,850,000 25,332,000 
      sales and marketing
    		185,762,000 176,796,000 173,576,000 174,054,000 161,796,000 153,749,000 144,274,000 157,357,000 151,628,000 141,621,000 133,230,000 133,169,000 123,635,000 126,717,000 128,179,000 125,006,000 118,603,000 105,069,000 94,953,000 88,033,000 82,165,000 71,087,000 64,474,000 56,151,000 58,180,000 54,829,000 54,020,000 52,011,000 45,044,000 37,196,000 34,634,000 
      general and administrative
    		50,009,000 51,645,000 47,962,000 44,806,000 46,206,000 42,222,000 44,085,000 42,673,000 43,098,000 40,896,000 38,695,000 37,939,000 39,523,000 34,711,000 34,925,000 34,088,000 34,143,000 31,691,000 30,555,000 27,052,000 31,278,000 27,121,000 23,705,000 21,729,000 20,153,000 21,096,000 31,808,000 18,568,000 13,194,000 11,151,000 12,092,000 
      restructuring and other related charges
    		      86,000 139,000 4,163,000  29,000 725,000 1,492,000 29,805,000                  
      total operating expenses
    		356,032,000 342,831,000 329,690,000 327,982,000 302,667,000 289,569,000 276,608,000 289,501,000 292,840,000 269,719,000 252,062,000 252,523,000 246,415,000 268,705,000 238,672,000 237,743,000 231,613,000 208,509,000 189,271,000 174,467,000 168,880,000 149,608,000 134,867,000 123,558,000 123,924,000 122,044,000 124,306,000 105,761,000 89,242,000 74,197,000 72,058,000 
      operating income
    		-16,411,000 611,000 -8,236,000 -9,440,000 -12,020,000 -4,638,000 -4,426,000 -33,838,000 -45,712,000 -26,404,000 -21,539,000 -36,247,000 -40,156,000 -69,347,000 -49,028,000 -60,641,000 -59,622,000 -45,849,000 -37,175,000 -31,034,000 -37,077,000 -34,461,000 -28,421,000 -29,519,000 -34,574,000 -42,268,000 -51,961,000 -42,302,000 -32,085,000 -23,786,000 -27,070,000 
      yoy
    		36.53% -113.17% 86.08% -72.10% -73.70% -82.43% -79.45% -6.65% 13.84% -61.92% -56.07% -40.23% -32.65% 51.25% 31.88% 95.40% 60.81% 33.05% 30.80% 5.13% 7.24% -18.47% -45.30% -30.22% 7.76% 77.70% 91.95%     
      qoq
    		-2785.92% -107.42% -12.75% -21.46% 159.16% 4.79% -86.92% -25.98% 73.13% 22.59% -40.58% -9.73% -42.09% 41.44% -19.15% 1.71% 30.04% 23.33% 19.79% -16.30% 7.59% 21.25% -3.72% -14.62% -18.20% -18.65% 22.83% 31.84% 34.89% -12.13%  
      operating margin %
    		-3.64% 0.14% -1.94% -2.27% -3.09% -1.21% -1.21% -9.74% -13.65% -8.05% -6.93% -12.34% -14.34% -25.26% -18.54% -24.25% -24.91% -20.47% -18.05% -16.07% -20.88% -21.93% -19.62% -22.91% -27.97% -37.35% -51.39% -47.15% -39.81% -33.58% -42.58% 
      other income
    		12,891,000 11,808,000 15,836,000 15,782,000 13,162,000 15,184,000 9,106,000 11,208,000 9,171,000 8,568,000 8,239,000 7,300,000 6,680,000 5,460,000 14,975,000 339,000 -2,884,000 -861,000 -666,000 1,018,000 -660,000 -2,377,000 -84,000 10,885,000 687,000 -1,339,000 1,684,000 931,000 704,000 1,877,000 264,000 
      interest expense
    		-6,245,000 -6,254,000 -6,292,000 -6,351,000 -5,844,000 -6,475,000 -6,462,000 -6,526,000 -7,109,000 -6,368,000 -6,349,000 -6,306,000 -6,284,000 -6,265,000 -6,209,000 -6,401,000 -6,389,000 -6,175,000 -6,332,000 -1,820,000            
      income before income taxes
    		-9,765,000 6,165,000 1,308,000 -9,000 -4,702,000 4,071,000 -1,782,000 -29,156,000 -43,650,000 -24,204,000 -19,649,000 -35,253,000 -39,760,000 -70,152,000 -40,262,000 -66,703,000 -68,895,000 -52,885,000 -44,173,000 -31,836,000 -37,737,000 -36,838,000 -28,505,000 -18,634,000 -33,887,000 -43,607,000 -50,277,000 -41,371,000 -31,381,000 -21,909,000 -26,806,000 
      provision for income taxes
    		-445,665,000 -1,588,000 52,592,000 24,594,000 11,679,000 21,127,000 23,668,000 20,071,000 -2,550,000 -200,328,000 5,147,000 13,255,000 6,971,000 2,422,000 7,043,000 2,848,000 -3,285,000 3,841,000 2,850,000 2,653,000 5,564,000 1,136,000 653,000 367,000 -2,736,000 674,000 -304,000 398,000 3,454,000 -558,000 733,000 
      net income
    		435,900,000 7,753,000 -51,284,000 -24,603,000 -16,381,000 -17,056,000 -25,450,000 -49,227,000 -41,100,000 176,124,000 -24,796,000 -48,508,000 -46,731,000 -72,574,000 -47,305,000 -69,551,000 -65,610,000 -56,726,000 -47,023,000 -34,489,000 -43,301,000 -37,974,000 -29,158,000 -19,001,000 -31,151,000 -44,281,000 -49,973,000 -41,769,000 -34,835,000 -21,351,000 -27,539,000 
      yoy
    		-2761.01% -145.46% 101.51% -50.02% -60.14% -109.68% 2.64% 1.48% -12.05% -342.68% -47.58% -30.26% -28.77% 27.94% 0.60% 101.66% 51.52% 49.38% 61.27% 81.51% 39.00% -14.24% -41.65% -54.51% -10.58% 107.40% 81.46%     
      qoq
    		5522.34% -115.12% 108.45% 50.19% -3.96% -32.98% -48.30% 19.77% -123.34% -810.29% -48.88% 3.80% -35.61% 53.42% -31.99% 6.01% 15.66% 20.63% 36.34% -20.35% 14.03% 30.24% 53.46% -39.00% -29.65% -11.39% 19.64% 19.91% 63.15% -22.47%  
      net income margin %
    		96.72% 1.72% -12.11% -5.92% -4.22% -4.46% -6.97% -14.17% -12.27% 53.70% -7.98% -16.51% -16.69% -26.43% -17.89% -27.81% -27.41% -25.33% -22.83% -17.86% -24.38% -24.17% -20.12% -14.74% -25.20% -39.12% -49.43% -46.56% -43.22% -30.14% -43.32% 
      net earnings per share attributable to ordinary shareholders
    		                               
      basic
    		4.13 0.07   -0.15 -0.16   -0.42 1.76                      
      diluted
    		4.07 0.07   -0.15 -0.16   -0.41 1.69                      
      weighted-average shares used for eps calculation
    		  106,586,670 105,961,879   103,238,740 102,284,435   99,073,401 97,942,049 95,729,844 96,052,025 95,307,146 94,621,365 92,547,145 93,015,185 92,206,199 91,201,372 87,207,094 88,341,038 86,373,166 84,175,287 78,799,732 80,737,237 77,772,406 74,643,782 54,893,365 70,725,336 43,978,770 
      basic
    		105,335,440 104,501,837   103,661,704 104,085,183   99,646,231 100,282,179                      
      diluted
    		107,220,768 106,195,666   103,661,704 104,085,183   103,980,132 104,503,290                      
      net income per share
    		  -0.48 -0.23   -0.25 -0.48   -0.25 -0.5 -0.48 -0.76 -0.5 -0.74 -0.7 -0.61 -0.51 -0.38 -0.48 -0.43 -0.34 -0.23 -0.37 -0.55 -0.64 -0.56 -0.49 -0.3 -0.63 
      weighted-average shares used for eps calculation
    		  106,586,670 105,961,879   103,238,740 102,284,435   99,073,401 97,942,049 95,729,844 96,052,025 95,307,146 94,621,365 92,547,145 93,015,185 92,206,199 91,201,372 87,207,094 88,341,038 86,373,166 84,175,287 78,799,732 80,737,237 77,772,406 74,643,782 54,893,365 70,725,336 43,978,770 
      other expense
    		                               
      license - self-managed
    		                22,507,000 20,119,000 18,117,000 16,221,000 22,321,000 15,280,000 15,514,000 14,879,000 16,862,000 14,495,000 12,272,000 9,907,000 12,624,000 9,406,000 10,204,000 
      subscription - self-managed and saas
    		                199,207,000 189,495,000 172,140,000 160,964,000 142,218,000 131,969,000 118,695,000 106,463,000 97,041,000 89,703,000 79,407,000 72,483,000 60,999,000 55,180,000 48,232,000 
      total subscription revenue
    		                221,714,000 209,614,000 190,257,000 177,185,000 164,539,000 147,249,000 134,209,000 121,342,000 113,903,000 104,198,000 91,679,000 82,390,000 73,623,000 64,586,000 58,436,000 
      professional services
    		                17,641,000 14,330,000 15,723,000 15,910,000 13,071,000 9,866,000 10,685,000 7,528,000 9,720,000 8,983,000 9,427,000 7,320,000 6,976,000 6,249,000 5,139,000 
      cost of license - self-managed
    		                306,000 501,000 395,000 346,000 347,000 346,000 347,000 346,000 346,000 347,000 158,000 97,000 97,000 96,000 97,000 
      cost of subscription - self-managed and saas
    		                50,559,000 47,076,000 41,847,000 37,174,000 34,663,000 31,426,000 29,148,000 25,890,000 23,987,000 23,196,000 19,741,000 17,895,000 16,548,000 13,941,000 12,870,000 
      total cost of revenue - subscription
    		                50,865,000 47,577,000 42,242,000 37,520,000 35,010,000 31,772,000 29,495,000 26,236,000 24,333,000 23,543,000 19,899,000 17,992,000 16,645,000 14,037,000 12,967,000 
      cost of professional services
    		                16,499,000 13,707,000 11,642,000 12,142,000 10,797,000 10,196,000 8,953,000 8,595,000 9,940,000 9,862,000 8,862,000 8,259,000 6,797,000 6,387,000 5,620,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-04-30 2026-01-31 2025-10-31 2025-07-31 2025-04-30 2025-01-31 2024-10-31 2024-07-31 2024-04-30 2024-01-31 2023-10-31 2023-07-31 2023-04-30 2023-01-31 2022-10-31 2022-07-31 2022-04-30 2022-01-31 2021-10-31 2021-07-31 2021-04-30 2021-01-31 2020-10-31 2020-07-31 2020-04-30 2020-01-31 2019-10-31 2019-07-31 2019-04-30 2019-01-31 2018-10-31 
                                     
        assets
      		                               
        current assets:
      		                               
        cash and cash equivalents
      		768,725,000 737,238,000 800,586,000 662,338,000 727,543,000 584,010,000 658,508,000 594,871,000 540,397,000 526,893,000 589,685,000 630,565,000 644,167,000 877,683,000 856,237,000 848,761,000 860,949,000 864,363,000 876,059,000 991,342,000 400,814,000 393,134,000 348,986,000 350,418,000 297,081,000 294,076,000 305,246,000 315,152,000 298,000,000 305,826,000 318,564,000 
        restricted cash
      		1,773,000 3,691,000 3,468,000 3,652,000 3,671,000 3,597,000 3,320,000 3,436,000 2,692,000 2,774,000 2,807,000 2,677,000 2,473,000 2,362,000 2,385,000 2,387,000 2,688,000 3,928,000 2,939,000 2,339,000 2,894,000 2,355,000 2,325,000 2,314,000 2,308,000 2,291,000 2,302,000 2,261,000 2,280,000 2,664,000 2,283,000 
        marketable securities
      		601,537,000 510,808,000 595,485,000 832,000,000 669,717,000 700,029,000 539,062,000 552,459,000 544,002,000 488,133,000 376,674,000 326,528,000 271,041,000                   
        accounts receivable
      		464,413,000 357,399,000 260,949,000 221,989,000 375,613,000 270,430,000 256,068,000 196,474,000 323,011,000 229,946,000 232,250,000 185,372,000 260,919,000 200,790,000 185,906,000 168,020,000 215,228,000 146,218,000 157,831,000 110,805,000 160,415,000 120,049,000 132,523,000 87,266,000 128,690,000 72,557,000 78,920,000 57,372,000 81,274,000 54,518,000 54,512,000 
        deferred contract acquisition costs
      		106,447,000 92,931,000 86,795,000 85,009,000 86,205,000 79,761,000 77,129,000 76,265,000 78,030,000 68,937,000 62,733,000 60,214,000 55,813,000 50,436,000 45,418,000 44,636,000 43,628,000 38,938,000 38,183,000 34,433,000 36,089,000 29,596,000 28,487,000 23,673,000 19,537,000 14,885,000 14,778,000 14,717,000 17,215,000 15,795,000 15,721,000 
        prepaid expenses and other current assets
      		80,368,000 85,476,000 78,209,000 73,323,000 68,258,000 55,609,000 41,667,000 42,643,000 42,765,000 45,440,000 37,620,000 35,008,000 39,867,000 33,457,000 33,030,000 36,410,000 41,215,000 39,405,000 34,896,000 41,068,000 37,002,000 28,906,000 31,805,000 34,258,000 32,623,000 34,697,000 31,859,000 27,932,000 30,872,000 22,881,000 18,524,000 
        total current assets
      		2,023,263,000 1,787,543,000 1,825,492,000 1,878,311,000 1,931,007,000 1,693,436,000 1,575,754,000 1,466,148,000 1,530,897,000 1,362,123,000 1,301,769,000 1,240,364,000 1,274,280,000 1,164,728,000 1,122,976,000 1,100,214,000 1,163,708,000 1,092,852,000 1,109,908,000 1,179,987,000 637,214,000 574,040,000 544,126,000 497,929,000 480,239,000 418,506,000 433,105,000 417,434,000 429,641,000 401,684,000 409,604,000 
        property and equipment
      		8,591,000 6,363,000 6,073,000 6,335,000 6,589,000 5,105,000 5,005,000 4,953,000 5,453,000 5,512,000 4,996,000 5,042,000 5,092,000 3,951,000 5,696,000 6,408,000 7,207,000 6,739,000 7,510,000 8,310,000 8,881,000 8,665,000 8,004,000 7,905,000 7,760,000 7,958,000 8,002,000 6,424,000 5,448,000 4,663,000 4,104,000 
        goodwill
      		356,442,000 358,506,000 359,706,000 326,081,000 319,417,000 319,417,000 319,417,000 319,417,000 319,380,000 319,546,000 303,494,000 303,836,000 303,642,000 303,853,000 303,742,000 303,655,000 303,906,000 304,155,000 291,790,000 198,526,000 198,851,000 198,665,000 198,196,000 198,413,000 197,877,000 198,774,000 198,797,000 19,770,000 19,846,000 19,970,000 19,964,000 
        operating lease right-of-use assets
      		18,641,000 18,819,000 17,682,000 21,582,000 22,334,000 15,547,000 16,433,000 17,758,000 20,506,000 23,088,000 18,236,000 17,427,000 19,997,000 22,523,000 29,840,000 24,904,000 25,437,000 21,454,000 23,667,000 24,993,000 25,464,000 29,340,000 30,277,000 31,549,000 32,783,000 33,814,000 40,177,000 32,110,000    
        intangible assets
      		13,059,000 15,572,000 18,170,000 13,828,000 11,404,000 12,929,000 14,506,000 17,341,000 20,620,000 23,822,000 21,008,000 24,896,000 29,104,000 33,175,000 37,384,000 41,591,000 45,800,000 49,948,000 48,620,000 32,845,000 36,286,000 39,823,000 43,362,000 46,903,000 50,455,000 54,005,000 58,463,000 6,061,000 6,723,000 7,417,000 8,176,000 
        deferred contract acquisition costs, non-current
      		150,989,000 127,827,000 118,920,000 114,868,000 117,762,000 107,791,000 106,120,000 107,467,000 114,509,000 100,389,000 95,627,000 95,357,000 95,879,000 84,601,000 77,544,000 74,720,000 74,419,000 62,980,000 57,854,000 52,185,000 50,263,000 42,591,000 35,996,000 28,767,000 24,012,000 17,015,000 14,456,000 10,057,000 8,935,000 7,657,000 7,147,000 
        deferred tax assets
      		567,278,000 107,344,000 113,402,000 146,506,000 168,045,000 169,146,000 187,204,000 210,809,000 225,544,000 218,693,000 6,824,000 7,064,000 7,412,000 5,668,000 5,395,000 5,075,000 5,811,000 3,765,000 3,824,000 3,664,000 3,697,000 3,970,000 3,685,000 3,531,000 3,164,000 2,205,000 2,255,000 1,716,000 1,748,000 3,058,000 3,036,000 
        other assets
      		14,413,000 16,441,000 17,125,000 16,491,000 16,295,000 6,776,000 7,061,000 6,580,000 5,657,000 5,749,000 5,892,000 7,424,000 8,076,000 9,470,000 11,655,000 14,452,000 16,643,000 17,403,000 18,528,000 19,375,000 12,516,000 2,886,000 3,915,000 6,345,000 7,621,000 9,572,000 11,534,000 12,164,000 13,397,000 6,549,000 7,500,000 
        total assets
      		3,152,676,000 2,438,415,000 2,476,570,000 2,524,002,000 2,592,853,000 2,330,147,000 2,231,500,000 2,150,473,000 2,242,566,000 2,058,922,000 1,757,846,000 1,701,410,000 1,743,482,000 1,627,969,000 1,594,232,000 1,571,019,000 1,642,931,000 1,559,296,000 1,561,701,000 1,519,885,000 973,172,000 899,980,000 867,561,000 821,342,000 803,911,000 741,849,000 766,789,000 505,736,000 485,738,000 450,998,000 459,531,000 
        liabilities and shareholders’ equity
      		                               
        current liabilities:
      		                               
        accounts payable
      		8,618,000 29,262,000 37,235,000 26,513,000 17,150,000 9,122,000 23,557,000 9,337,000 26,075,000 10,935,000 35,382,000 16,035,000 35,151,000 29,246,000 41,055,000 38,062,000 28,403,000 21,792,000 17,684,000 17,591,000 7,248,000 5,825,000 9,213,000 11,669,000 11,485,000 13,098,000 10,064,000 6,799,000 4,450,000 1,772,000 9,827,000 
        accrued expenses and other liabilities
      		96,713,000 86,122,000 100,926,000 73,295,000 86,347,000 73,783,000 75,979,000 72,408,000 75,292,000 64,835,000 63,873,000 64,453,000 63,532,000 58,091,000 62,350,000 47,300,000 53,930,000 42,110,000 43,277,000 28,906,000 28,909,000 25,224,000 21,824,000 17,833,000 22,210,000 19,351,000 21,818,000 15,066,000 18,740,000 16,716,000 16,866,000 
        accrued compensation and benefits
      		119,231,000 96,894,000 89,501,000 82,826,000 93,714,000 83,313,000 72,511,000 76,080,000 93,691,000 78,049,000 65,407,000 72,700,000 76,483,000 67,884,000 60,501,000 56,054,000 68,002,000 56,181,000 55,827,000 50,580,000 52,525,000 42,507,000 46,975,000 42,916,000 48,409,000 31,607,000 44,978,000 20,954,000 22,147,000 16,992,000 16,458,000 
        operating lease liabilities
      		6,539,000 7,092,000 6,716,000 8,043,000 8,928,000 9,941,000 10,525,000 11,143,000 12,187,000 12,788,000 11,588,000 11,627,000 12,749,000 12,839,000 12,348,000 11,408,000 11,219,000 8,983,000 9,454,000 9,324,000 8,528,000 8,176,000 7,863,000 7,718,000 7,639,000 7,292,000 7,733,000 6,451,000    
        deferred revenue
      		973,820,000 763,874,000 692,666,000 710,136,000 802,117,000 660,873,000 608,157,000 599,251,000 663,846,000 561,665,000 510,981,000 506,919,000 528,704,000 449,049,000 410,718,000 407,499,000 431,776,000 362,287,000 354,148,000 328,286,000 352,805,000 289,689,000 262,257,000 237,261,000 231,681,000 189,208,000 180,156,000 153,257,000 158,243,000 126,171,000 116,255,000 
        total current liabilities
      		1,204,921,000 983,244,000 927,044,000 900,813,000 1,008,256,000 837,032,000 790,729,000 768,219,000 871,091,000 728,272,000 687,231,000 671,734,000 716,619,000 617,109,000 586,972,000 560,323,000 593,330,000 491,353,000 480,390,000 434,687,000 450,015,000 371,421,000 348,132,000 317,397,000 321,424,000 260,556,000 264,749,000 202,527,000 203,580,000 161,651,000 159,406,000 
        deferred revenue, non-current
      		52,502,000 44,856,000 39,845,000 44,519,000 50,340,000 46,053,000 37,548,000 27,724,000 30,293,000 23,521,000 25,096,000 27,214,000 34,248,000 34,960,000 22,867,000 27,553,000 33,518,000 33,395,000 36,165,000 36,074,000 44,895,000 44,321,000 46,959,000 40,250,000 28,021,000 20,586,000 21,175,000 16,511,000 12,423,000 11,632,000 11,024,000 
        long-term debt
      		570,895,000 570,599,000 570,306,000 570,016,000 569,729,000 569,445,000 569,165,000 568,887,000 568,612,000 568,341,000 568,072,000 567,806,000 567,543,000 567,283,000 567,026,000 566,772,000 566,520,000 566,271,000 566,045,000 565,842,000            
        operating lease liabilities, non-current
      		14,129,000 13,985,000 13,685,000 16,112,000 16,357,000 8,347,000 9,621,000 10,714,000 12,898,000 15,297,000 12,160,000 11,994,000 13,942,000 16,725,000 19,127,000 15,530,000 16,482,000 14,879,000 16,746,000 18,281,000 19,649,000 23,769,000 25,032,000 26,518,000 27,827,000 29,034,000 34,137,000 26,868,000    
        other liabilities, non-current
      		33,729,000 34,740,000 34,578,000 21,186,000 20,937,000 10,164,000 12,919,000 15,511,000 21,487,000 15,654,000 10,151,000 10,939,000 12,233,000 6,903,000 6,675,000 7,303,000 17,648,000 21,089,000 12,555,000 9,338,000 7,782,000 4,888,000 4,781,000 4,798,000 12,992,000 13,231,000 13,572,000 4,780,000 6,723,000 5,616,000 5,215,000 
        total liabilities
      		1,876,176,000 1,647,424,000 1,585,458,000 1,552,646,000 1,665,619,000 1,471,041,000 1,419,982,000 1,391,055,000 1,504,381,000 1,351,085,000 1,302,710,000 1,289,687,000 1,344,585,000 1,242,980,000 1,202,667,000 1,177,481,000 1,227,498,000 1,126,987,000 1,111,901,000 1,064,222,000 522,341,000 444,399,000 424,904,000 388,963,000 390,264,000 323,407,000 333,633,000 250,686,000 222,726,000 178,899,000 175,645,000 
        commitments and contingencies
      		                               
        shareholders’ equity:
      		                               
        preference shares, €0.01 par value...
      		                               
        ordinary shares, €0.01 par value...
      		1,154,000                               
        treasury stock
      		-275,695,000 -300,444,000 -114,545,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 -369,000 
        additional paid-in capital
      		2,310,866,000 2,283,341,000 2,204,689,000 2,119,669,000 2,049,416,000 1,961,418,000 1,895,307,000 1,819,006,000 1,750,729,000 1,676,493,000 1,604,896,000 1,532,543,000 1,471,584,000 1,410,944,000 1,351,987,000 1,300,379,000 1,250,108,000 1,197,570,000 1,153,408,000 1,112,845,000 1,071,675,000 1,033,598,000 986,075,000 946,178,000 898,788,000 871,675,000 843,997,000 614,532,000 581,135,000 556,143,000 546,219,000 
        accumulated other comprehensive loss
      		-27,870,000 -25,190,000 -24,555,000 -24,740,000 -23,204,000 -19,703,000 -18,227,000 -19,466,000 -21,638,000 -18,840,000 -23,808,000 -19,651,000 -20,015,000 -20,004,000 -27,036,000 -20,754,000 -18,130,000 -14,318,000 -9,381,000 -9,969,000 -8,105,000 -8,568,000 -11,914,000 -11,435,000 -1,377,000 -606,000 -2,482,000 -1,049,000 -1,431,000 -2,160,000 -1,795,000 
        accumulated deficit
      		-731,955,000 -1,167,855,000 -1,175,608,000 -1,124,324,000 -1,099,721,000 -1,083,340,000 -1,066,284,000 -1,040,834,000 -991,607,000 -950,507,000 -1,126,631,000 -1,101,835,000 -1,053,327,000 -1,006,596,000 -934,022,000 -886,717,000 -817,166,000 -751,556,000 -694,830,000 -647,807,000 -613,318,000 -570,017,000 -532,043,000 -502,885,000 -484,251,000 -453,100,000 -408,819,000 -358,846,000 -317,077,000 -282,242,000 -260,891,000 
        total shareholders’ equity
      		1,276,500,000 790,991,000 891,112,000 971,356,000 927,234,000 859,106,000 811,518,000 759,418,000 738,185,000 707,837,000 455,136,000 411,723,000 398,897,000 384,989,000 391,565,000 393,538,000 415,433,000 432,309,000 449,800,000 455,663,000 450,831,000 455,581,000 442,657,000 432,379,000 413,647,000 418,442,000 433,156,000 255,050,000 263,012,000   
        total liabilities and shareholders’ equity
      		3,152,676,000 2,438,415,000 2,476,570,000 2,524,002,000 2,592,853,000 2,330,147,000 2,231,500,000 2,150,473,000 2,242,566,000 2,058,922,000 1,757,846,000 1,701,410,000 1,743,482,000 1,627,969,000 1,594,232,000 1,571,019,000 1,642,931,000 1,559,296,000 1,561,701,000 1,519,885,000 973,172,000 899,980,000 867,561,000 821,342,000 803,911,000 741,849,000 766,789,000     
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 107,952,032 shares issued and 104,148,188 shares outstanding as of january 31, 2026; 105,534,887 shares issued and outstanding as of april 30, 2025
      		 1,139,000                              
        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
      		  1,131,000                             
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 106,268,106 shares issued and outstanding as of july 31, 2025 and 105,534,887 shares issued and outstanding as of april 30, 2025
      		   1,120,000                            
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 105,534,887 shares issued and outstanding as of april 30, 2025 and 101,705,935 shares issued and outstanding as of april 30, 2024
      		    1,112,000                           
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 104,412,717 shares issued and outstanding as of january 31, 2025 and 101,705,935 shares issued and outstanding as of april 30, 2024
      		     1,100,000                          
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 103,631,086 shares issued and outstanding as of october 31, 2024 and 101,705,935 shares issued and outstanding as of april 30, 2024
      		      1,091,000                         
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 102,724,366 shares issued and outstanding as of july 31, 2024 and 101,705,935 shares issued and outstanding as of april 30, 2024
      		       1,081,000                        
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 101,705,935 shares issued and outstanding as of april 30, 2024 and 97,366,947 shares issued and outstanding as of april 30, 2023
      		        1,070,000                       
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 100,792,010 shares issued and outstanding as of january 31, 2024 and 97,366,947 shares issued and outstanding as of april 30, 2023
      		         1,060,000                      
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 99,599,262 shares issued and outstanding as of october 31, 2023 and 97,366,947 shares issued and outstanding as of april 30, 2023
      		          1,048,000                     
        convertible preference shares, €0.01 par value...
      		                               
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 98,377,727 shares issued and outstanding as of july 31, 2023 and 97,366,947 shares issued and outstanding as of april 30, 2023
      		           1,035,000                    
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 97,366,947 shares issued and outstanding as of april 30, 2023 and 94,174,914 shares issued and outstanding as of april 30, 2022
      		            1,024,000                   
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 96,435,276 shares issued and outstanding as of january 31, 2023 and 94,174,914 shares issued and outstanding as of april 30, 2022
      		             1,014,000                  
        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
      		              1,005,000                 
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 94,970,627 shares issued and outstanding as of july 31, 2022 and 94,174,914 shares issued and outstanding as of april 30, 2022
      		               999,000                
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 94,174,914 shares issued and outstanding as of april 30, 2022 and 90,533,985 shares issued and outstanding as of april 30, 2021
      		                990,000               
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 93,420,927 and 90,533,985 shares issued and outstanding as of january 31, 2022 and april 30, 2021, respectively
      		                 982,000              
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 92,566,025 and 90,533,985 shares issued and outstanding as of october 31, 2021 and april 30, 2021, respectively
      		                  972,000             
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 91,770,228 and 90,533,985 shares issued and outstanding as of july 31, 2021 and april 30, 2021, respectively
      		                   963,000            
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 90,533,985 shares issued and outstanding as of april 30, 2021 and 82,856,978 shares issued and outstanding as of april 30, 2020
      		                    948,000           
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 89,644,940 and 82,856,978 shares issued and outstanding as of january 31, 2021 and april 30, 2020, respectively
      		                     937,000          
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 87,204,991 and 82,856,978 shares issued and outstanding as of october 31, 2020 and april 30, 2020, respectively
      		                      908,000         
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 85,737,645 and 82,856,978 shares issued and outstanding as of july 31, 2020 and april 30, 2020, respectively
      		                       890,000        
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 82,856,978 shares issued and outstanding as of april 30, 2020 and 73,675,083 shares issued and outstanding as of april 30, 2019
      		                        856,000       
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 81,574,811 and 73,675,083 shares issued and outstanding as of january 31, 2020 and april 30, 2019, respectively
      		                         842,000      
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 80,412,842 and 73,675,083 shares issued and outstanding as of october 31, 2019 and april 30, 2019, respectively
      		                          829,000     
        liabilities, redeemable convertible preferred shares and shareholders’ equity
      		                               
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 76,259,361 and 73,675,083 shares issued and outstanding as of july 31, 2019 and april 30, 2019, respectively
      		                           782,000    
        total liabilities, redeemable convertible preference shares and shareholders’ equity
      		                           505,736,000 485,738,000 450,998,000  
        deferred offering costs
      		                               
        redeemable convertible preference shares, par value €0.001 per share; no shares authorized, issued, or outstanding as of april 30, 2019; 29,026,193 shares authorized; 28,939,466 shares issued and outstanding as of april 30, 2018
      		                               
        shareholders’ equity
      		                               
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 73,675,083 shares issued and outstanding as of april 30, 2019
      		                            754,000   
        ordinary shares, par value of €0.001 per share; 72,000,000 shares authorized; 0 and 33,232,955 shares issued and outstanding as of april 30, 2019 and april 30, 2018, respectively
      		                               
        redeemable convertible preference shares, par value €0.001 per share; no shares authorized, issued, or outstanding as of january 31, 2019; 29,026,193 shares authorized; 28,939,466 shares issued and outstanding as of april 30, 2018
      		                               
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 71,334,105 shares issued and outstanding as of january 31, 2019
      		                             727,000  
        ordinary shares, par value of €0.001 per share; 72,000,000 shares authorized; 0 and 33,232,955 shares issued and outstanding as of january 31, 2019 and april 30, 2018, respectively
      		                               
        total shareholders’ (deficit) equity
      		                             272,099,000 283,886,000 
        liabilities, redeemable convertible preferred shares and shareholders’ (deficit) equity
      		                               
        redeemable convertible preference shares, par value €0.001 per share; no shares authorized, issued, or outstanding as of october 31, 2018; 29,026,193 shares authorized; 28,939,466 shares issued and outstanding as of april 30, 2018
      		                               
        shareholders’ (deficit) equity:
      		                               
        ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 70,948,987 shares issued and outstanding as of october 31, 2018
      		                              722,000 
        ordinary shares, par value of €0.001 per share; 72,000,000 shares authorized; 0 and 33,232,955 shares issued and outstanding as of october 31, 2018 and april 30, 2018, respectively
      		                               
        total liabilities, redeemable convertible preference shares and shareholders’ (deficit) equity
      		                              459,531,000 
        revenue
      		                               
        license - self-managed
      		                              10,204,000 
        subscription - self-managed and saas
      		                              48,232,000 
        total subscription revenue
      		                              58,436,000 
        professional services
      		                              5,139,000 
        total revenue
      		                              63,575,000 
        cost of revenue
      		                               
        cost of license - self-managed
      		                              97,000 
        cost of subscription - self-managed and saas
      		                              12,870,000 
        total cost of revenue - subscription
      		                              12,967,000 
        cost of professional services
      		                              5,620,000 
        total cost of revenue
      		                              18,587,000 
        gross profit
      		                              44,988,000 
        operating expenses
      		                               
        research and development
      		                              25,332,000 
        sales and marketing
      		                              34,634,000 
        general and administrative
      		                              12,092,000 
        total operating expenses
      		                              72,058,000 
        operating income
      		                              -27,070,000 
        other income
      		                              264,000 
        income before income taxes
      		                              -26,806,000 
        benefit from income taxes
      		                              733,000 
        net income
      		                              -27,539,000 
        net income per share
      		                              -630 
        weighted-average shares used for eps calculation
      		                              43,978,770,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-04-30 2026-01-31 2025-10-31 2025-07-31 2025-04-30 2025-01-31 2024-10-31 2024-07-31 2024-04-30 2024-01-31 2023-10-31 2023-07-31 2023-04-30 2023-01-31 2022-10-31 2022-07-31 2022-04-30 2022-01-31 2021-10-31 2021-07-31 2021-04-30 2021-01-31 2020-10-31 2020-07-31 2020-04-30 2020-01-31 2019-10-31 2019-07-31 2019-04-30 2019-01-31 
                                      
          cash flows from operating activities
        		                              
          net income
        		    -16,381,000    -41,100,000                      
          adjustments to reconcile net income to cash from operating activities:
        		                              
          depreciation and amortization
        		3,217,000 3,407,000 2,894,000 2,316,000 2,291,000 2,286,000 3,565,000 4,173,000 4,146,000 4,072,000 4,728,000 5,053,000 4,758,000 5,045,000 5,216,000 5,214,000 5,170,000 5,233,000 4,844,000 4,481,000 4,381,000 4,290,000 4,310,000 4,256,000 4,286,000 5,235,000 2,050,000 1,288,000 1,309,000 1,378,000 
          amortization of premium and accretion of discount on marketable securities
        		-390,000 -521,000 -1,124,000 -1,393,000 -1,401,000 -1,659,000 -1,926,000 -2,200,000 -2,412,000 -2,750,000 -1,178,000 -2,468,000                   
          amortization of deferred contract acquisition costs
        		29,779,000 28,155,000 27,005,000 26,173,000 25,201,000 24,312,000 23,994,000 23,181,000 22,157,000 20,440,000 18,380,000 17,572,000 17,405,000 15,821,000 18,230,000 17,444,000 17,365,000 14,803,000 14,692,000 13,878,000 12,536,000 10,282,000 9,160,000 9,013,000 7,733,000 6,660,000 7,198,000 6,723,000 6,656,000 5,870,000 
          amortization of debt issuance costs
        		296,000 293,000 290,000 287,000 284,000 280,000 278,000 275,000 271,000 269,000 266,000 263,000 260,000 257,000 254,000 252,000 249,000 247,000             
          non-cash operating lease cost
        		1,547,000 1,839,000 3,168,000 2,316,000 2,280,000 2,305,000 2,617,000 2,838,000 2,862,000 2,878,000 2,618,000 2,652,000 2,526,000 2,705,000 2,644,000 3,005,000 2,377,000 2,417,000 1,988,000 1,854,000 2,671,000 1,822,000 1,760,000 1,674,000 2,252,000 2,156,000 1,667,000 1,347,000   
          stock-based compensation expense
        		77,466,000 78,141,000 72,893,000 69,935,000 65,540,000 64,634,000 64,065,000 63,543,000 62,793,000 62,762,000 56,455,000 57,127,000          25,227,000 21,487,000 18,591,000 17,232,000 15,588,000 14,416,000 12,771,000 11,927,000 11,111,000 
          deferred income taxes
        		-459,689,000 6,350,000 33,160,000 21,562,000 1,256,000 17,799,000 23,653,000 14,723,000 -6,917,000 -210,705,000 35,000 392,000 -2,075,000 148,000 -747,000 667,000 -2,211,000 30,000 -106,000 -143,000 321,000 -2,000 81,000 -367,000 -918,000 50,000 -690,000 19,000   
          unrealized foreign currency transaction loss
        		-51,000 1,016,000   909,000 -914,000 2,397,000 -181,000                       
          other
        		38,000 0   53,000 0   0 -16,000 16,000 -34,000 -23,000 0 45,000 22,000 0 0 0 98,000 -153,000 22,000   -9,000 809,000   3,000 51,000 
          changes in operating assets and liabilities, net of impact of business acquisitions:
        		                              
          accounts receivable
        		-107,392,000 -94,815,000 -38,615,000 153,982,000 -100,440,000 -16,544,000 -59,122,000 127,203,000 -94,563,000 4,072,000 -48,899,000 75,871,000 -60,403,000 -11,143,000 -20,798,000 45,991,000 -71,988,000 9,282,000 -47,805,000 48,324,000 -39,283,000 15,183,000 -45,148,000 45,211,000 -57,626,000 6,023,000 -18,678,000 23,528,000 -27,576,000 396,000 
          deferred contract acquisition costs
        		-66,542,000 -42,014,000 -32,877,000 -22,284,000 -39,721,000 -29,792,000 -23,278,000 -13,900,000 -45,745,000 -30,668,000 -22,276,000 -21,145,000 -33,833,000 -24,615,000 -23,893,000 -19,676,000 -35,521,000 -21,957,000 -24,496,000 -14,781,000 -26,525,000 -16,740,000 -21,409,000 -16,463,000 -19,776,000 -9,416,000 -11,510,000 -5,515,000 -9,592,000 -6,278,000 
          prepaid expenses and other current assets
        		5,057,000 -7,167,000 -4,488,000 -5,066,000 -12,414,000 -14,080,000 998,000 176,000 2,637,000 -7,655,000 -2,753,000 4,896,000 -6,348,000 -238,000 3,180,000 4,729,000 -777,000 -4,868,000 6,815,000 -4,597,000 -9,009,000 3,717,000 759,000 341,000 1,395,000 -3,526,000 -3,389,000 2,570,000 -8,451,000 -4,741,000 
          other assets
        		2,417,000 1,643,000 1,990,000 -1,075,000 -8,075,000 -1,267,000 487,000 -1,939,000 1,267,000 -917,000 876,000 680,000 1,419,000 2,297,000 2,695,000 2,114,000 1,628,000 2,534,000 2,760,000 -6,097,000 -9,344,000 1,197,000 2,347,000 1,693,000 1,823,000 1,874,000 851,000 1,055,000 -5,923,000 988,000 
          accounts payable
        		-21,040,000 -8,146,000 10,648,000 9,570,000 7,758,000 -14,375,000 14,065,000 -16,400,000 15,214,000 -25,330,000 19,351,000 -19,233,000 5,793,000 -11,809,000 2,447,000 9,873,000 6,584,000 3,967,000 -175,000 10,660,000 1,546,000 -3,683,000 -2,026,000 -612,000 -1,136,000 2,900,000 1,916,000 2,288,000 2,592,000 -5,233,000 
          accrued expenses and other liabilities
        		11,638,000 -8,566,000 23,033,000 -14,892,000 22,645,000 -4,664,000 892,000 -9,028,000 16,716,000 2,821,000 -982,000 -411,000 10,582,000 -4,627,000 15,096,000 -16,741,000 9,653,000 820,000 16,889,000 -170,000 6,422,000 2,757,000 4,038,000 -5,099,000 3,700,000 -1,852,000 6,238,000 -2,866,000 4,142,000 -925,000 
          accrued compensation and benefits
        		22,305,000 6,978,000 6,747,000 -10,987,000 9,665,000 11,269,000 -3,691,000 -17,789,000 15,848,000 12,282,000 -6,888,000 -3,885,000 8,485,000 5,786,000 5,574,000 -11,521,000 13,089,000 863,000 5,277,000 -1,454,000 9,726,000 -5,168,000 6,513,000 -7,204,000 16,333,000 -12,837,000 18,031,000 -1,817,000 1,772,000 404,000 
          operating lease liabilities
        		-1,426,000 -2,487,000 -3,124,000 -2,730,000 -2,417,000 -3,082,000 -3,033,000 -3,374,000 -3,295,000 -2,902,000 -3,094,000 -3,100,000 -3,001,000 -2,831,000 -2,369,000 -3,204,000 -2,450,000 -2,455,000 -2,038,000 -1,945,000 -2,512,000 -1,867,000 -1,819,000 -1,716,000 -2,075,000 -1,798,000 -1,505,000 -1,283,000   
          deferred revenue
        		219,580,000 70,878,000 -23,926,000 -97,912,000 129,946,000 68,606,000 17,880,000 -69,320,000 111,406,000 45,767,000 6,532,000 -29,110,000 77,747,000 40,037,000 4,817,000 -26,985,000 75,474,000 11,768,000 27,157,000 -30,619,000 62,628,000 18,877,000 32,701,000 1,731,000 52,004,000 9,188,000 24,511,000 -33,000 34,565,000 9,633,000 
          net cash from operating activities
        		152,710,000 42,737,000 26,612,000 104,835,000 86,979,000 88,058,000 38,377,000 52,754,000 60,948,000 52,389,000 -2,387,000 37,812,000 27,555,000 7,170,000 10,642,000 -9,705,000 -3,050,000 5,054,000 -10,383,000 14,051,000 -1,565,000 19,401,000 -17,289,000 21,998,000 -5,933,000 -23,227,000 290,000 -1,694,000 -19,790,000 -8,697,000 
          capital expenditures
        		-2,895,000 -936,000 -605,000 -656,000 -2,117,000 -766,000 -715,000 -747,000 -845,000 -1,077,000 -896,000 -632,000 -1,665,000 -197,000 -343,000  -2,203,000 -1,750,000 -1,830,000 -1,634,000 -1,180,000 -1,076,000 -1,277,000 -115,000 -826,000 -964,000 -1,645,000 -1,478,000 -946,000 -1,190,000 
          free cash flows
        		149,815,000 41,801,000 26,007,000 104,179,000 84,862,000 87,292,000 37,662,000 52,007,000 60,103,000 51,312,000 -3,283,000 37,180,000 25,890,000 6,973,000 10,299,000  -5,253,000 3,304,000 -12,213,000 12,417,000 -2,745,000 18,325,000 -18,566,000 21,883,000 -6,759,000 -24,191,000 -1,355,000 -3,172,000 -20,736,000 -9,887,000 
          cash flows from investing activities
        		                              
          purchases of property and equipment
        		-2,895,000 -936,000 -605,000 -656,000 -2,117,000 -766,000 -715,000 -747,000 -845,000 -1,077,000 -896,000 -632,000 -1,665,000 -197,000 -343,000 -479,000 -1,498,000 -236,000 -91,000 -660,000 -1,180,000 -1,076,000 -1,277,000 -379,000 -826,000 -1,007,000 -1,645,000 -1,585,000 -1,088,000 -1,187,000 
          business acquisitions, net of cash acquired
        		0 0 -28,339,000 -8,489,000     -149,000        0 -11,750,000       0 0   0 0 
          purchases of marketable securities
        		-166,460,000 -72,852,000 -40,977,000 -248,596,000 -160,803,000 -222,518,000 -71,090,000 -95,163,000 -178,560,000 -179,972,000 -94,722,000 -83,579,000                   
          sales, maturities, and redemptions of marketable securities
        		73,685,000 157,124,000 279,222,000 87,366,000 192,263,000 64,506,000 86,092,000 92,390,000                       
          net cash from investing activities
        		-95,670,000 83,336,000 208,780,000 -170,375,000 29,343,000 -158,778,000 14,287,000 -3,520,000 -58,354,000 -125,069,000 -49,442,000 -55,095,000 -271,933,000 -197,000 -343,000 -479,000 -2,203,000 -13,500,000 -109,934,000 -1,634,000 -106,000 -1,076,000 43,000 -379,000 -577,000 -1,007,000 -26,018,000 -1,585,000 -3,938,000 -1,187,000 
          cash flows from financing activities
        		                              
          proceeds from issuance of ordinary shares under employee stock purchase plan
        		13,514,000 0   12,629,000 0   10,024,000 0                     
          proceeds from issuance of ordinary shares upon exercise of stock options
        		1,322,000 519,000 637,000 326,000 9,841,000 1,486,000 1,782,000 4,745,000 1,429,000 8,847,000 6,800,000 3,843,000 5,237,000 4,510,000 4,327,000 3,397,000 8,870,000 6,709,000 9,852,000 10,979,000 9,704,000 22,324,000 15,978,000 29,252,000 10,841,000 11,054,000 19,455,000 20,113,000 15,015,000 755,000 
          repurchases of ordinary shares
        		-40,013,000 -190,900,000                             
          net cash from financing activities
        		-25,177,000 -190,381,000 -97,037,000 326,000 22,470,000 1,486,000 12,246,000 4,745,000 11,453,000 8,847,000 15,911,000 3,843,000 5,237,000 4,510,000 4,327,000 3,397,000 8,870,000 6,660,000 7,806,000 578,791,000 9,704,000 22,324,000 15,978,000 29,252,000 10,841,000 11,024,000 16,591,000 20,083,000 14,983,000 -2,669,000 
          effect of exchange rate changes on cash, cash equivalents, and restricted cash
        		-2,294,000 1,183,000 -291,000 -10,000 4,815,000 -4,987,000 -1,389,000 1,239,000 -625,000 1,008,000 -4,832,000 42,000 5,736,000 9,940,000 -7,152,000 -5,702,000 -8,271,000 -8,921,000 -2,172,000 -1,235,000 186,000 3,529,000 -153,000 2,472,000 -1,309,000 2,029,000 -728,000 329,000 535,000 196,000 
          net increase in cash, cash equivalents, and restricted cash
        		29,569,000 -63,125,000 138,064,000 -65,224,000 143,607,000 -74,221,000 63,521,000 55,218,000 13,422,000    -233,405,000 21,423,000 7,474,000 -12,489,000 -4,654,000 -10,707,000 -114,683,000 589,973,000 8,219,000 44,178,000 -1,421,000 53,343,000 3,022,000 -11,181,000 -9,865,000 17,133,000 -8,210,000 -12,357,000 
          cash, cash equivalents, and restricted cash, beginning of period
        		0 0 0 731,214,000 0 0 0 543,089,000 0 0 0 646,640,000 0 0 0 863,637,000 0 0 0 403,708,000 0 0 0 299,389,000 0 0 0 300,280,000 0 0 
          cash, cash equivalents, and restricted cash, end of period
        		29,569,000 -63,125,000 138,064,000 665,990,000 143,607,000 -74,221,000 63,521,000 598,307,000 13,422,000 -62,825,000 -40,750,000 633,242,000 -233,405,000 21,423,000 7,474,000 851,148,000 -4,654,000 -10,707,000 -114,683,000 993,681,000 8,219,000 44,178,000 -1,421,000 352,732,000 3,022,000 -11,181,000 -9,865,000 317,413,000 -8,210,000 -12,357,000 
          supplemental disclosures of cash flow information
        		                              
          cash paid for interest
        		19,000 11,891,000 73,000 11,993,000 -369,000 12,124,000 255,000 12,181,000 907,000 12,029,000 155,000 11,972,000 95,000 11,937,000 25,000 12,079,000 210,000        0 0 1,000 1,000 2,000 5,000 
          cash paid for income taxes
        		8,041,000 4,834,000 10,075,000 5,061,000 6,126,000 3,281,000 7,677,000 4,910,000 4,455,000 4,774,000 11,953,000 3,037,000  2,675,000 1,303,000 2,558,000    629,000    198,000 164,000 2,201,000 507,000 625,000 768,000 1,540,000 
          cash paid for operating lease liabilities
        		1,965,000 2,671,000 2,946,000 2,989,000 2,861,000 3,214,000 3,384,000 3,668,000 3,490,000 3,720,000 3,480,000 3,310,000 3,322,000 3,209,000 3,327,000 3,278,000 2,755,000 2,517,000 2,494,000 2,335,000 2,329,000 2,265,000 2,216,000 2,147,000 1,956,000 2,332,000 1,504,000 1,579,000   
          supplemental disclosures of non-cash investing and financing information
        		                              
          property and equipment included in accounts payable
        		124,000 135,000 -102,000 137,000 138,000 79,000 45,000 43,000     96,000 -39,000    -9,000 -85,000 124,000           
          operating lease right-of-use assets for new lease obligations
        		1,441,000 2,864,000 -732,000 1,569,000 8,855,000 1,568,000   304,000 7,651,000   1,000 131,000 8,045,000 2,725,000 6,552,000 110,000 872,000 1,458,000 0 545,000   959,000 77,000     
          acquisition-related indemnity holdback
        		60,000 0 6,858,000 1,425,000     -125,000        0              
          net loss
        		 7,753,000 -51,284,000 -24,603,000   -25,450,000 -49,227,000   -24,796,000 -48,508,000 -46,731,000 -72,574,000 -47,305,000 -69,551,000 -65,610,000 -56,726,000 -47,023,000 -34,489,000 -43,301,000 -37,974,000 -29,158,000 -19,001,000 -31,151,000 -44,281,000 -49,973,000 -41,769,000 -34,835,000 -21,351,000 
          adjustments to reconcile net loss to cash from operating activities:
        		                              
          acquisition and related transaction costs, unpaid
        		                              
          unrealized foreign currency transaction gain
        		   -364,000                           
          asset impairment charges
        		            0                  
          changes in operating assets and liabilities:
        		                              
          foreign currency transaction loss
        		        -337,000 1,845,000 -778,000 1,200,000 -3,647,000 2,213,000 -1,731,000 1,779,000 277,000 1,703,000             
          maturities and redemptions of marketable securities
        		                              
          capitalization of internal-use software
        		                -705,000 -1,514,000 -1,739,000 -974,000           
          proceeds from the issuance of debt
        		                0 0 0 575,000,000           
          payments of debt issuance costs
        		                0 -49,000 -2,046,000 -7,188,000           
          changes in property and equipment included in accounts payable
        		        39,000 280,000 -30,000 109,000    -158,000               
          maturities of marketable securities
        		         74,931,000 46,176,000 29,116,000                   
          net decrease in cash, cash equivalents, and restricted cash
        		          -40,750,000 -13,398,000                   
          stock-based compensation expense, net of amounts capitalized
        		            55,413,000 54,456,000 47,287,000 46,883,000 43,641,000 37,393,000 29,400,000 30,178,000           
          cash paid (refunds) for income taxes
        		                              
          debt issuance costs accrued, unpaid
        		                  -2,020,000 2,048,000           
          repayment of notes payable
        		                        0 -30,000 -30,000 -30,000 -33,000 -53,000 
          non-cash acquisition expense settled with shares
        		                        0 0     
          payment of withholding taxes related to acquisition expense settled in shares
        		                        0 0     
          purchases of property and equipment included in accounts payable
        		                           107,000 142,000 -3,000 
          vesting of shares subject to repurchase
        		                        0 1,118,000 0 1,612,000 0 0 
          issuance of ordinary shares for business acquisition
        		                              
          assumption of stock option plan as consideration for business combination
        		                        0 0     
          cash paid (refund received) for income taxes
        		                 1,154,000    491,000         
          foreign currency transaction gain
        		                   -1,127,000 -44,000 1,461,000         
          net proceeds from issuance of ordinary shares in initial public offering
        		                            0 0 
          repurchase of early exercised options
        		                            0 0 
          payment of deferred offering costs
        		                            1,000 -3,371,000 
          vesting of early exercised stock options
        		                            0 0 
          business acquisition, net of cash acquired
        		                              
          issuance of ordinary shares for business combination
        		                         0     
          property and equipment included in accounts payable and accrued liabilities
        		                              
          unrealized foreign currency exchange gain
        		                       -10,050,000       
          purchases of property and equipment included in accounts payable and accrued liabilities
        		                       264,000  43,000     
          maturities of short-term investments
        		                              
          proceeds from the issuance of ordinary shares related to early exercise of stock options
        		                              
          repurchase of ordinary shares
        		                              
          deferred offering costs accrued, unpaid
        		                              
          repurchase of early exercised stock options
        		                              
          operating lease right-of-use assets cancelled lease obligations
        		                              
          operating lease right-of-use assets exchanged for lease obligations
        		                           5,335,000   
          purchases of short-term investments
        		                              
          proceeds from the issuance of redeemable convertible preference shares, net of issuance costs
        		                              
          deferred offering costs accrued