European Investor
09 Oct 2025, 20:56
Elastic Launches $500 Million Share Repurchase Program
Elastic (NYSE: ESTC) announced that its Board of Directors has approved a share repurchase program authorizing the company to buy back up to $500 million of its outstanding ordinary shares. The program has no expiration date and may include open market purchases, private transactions, or other methods.
Chief Financial Officer Navam Welihinda said the move underscores the company’s confidence in its strategy, execution, and financial strength, noting that Elastic’s balance sheet supports both continued investment in growth and shareholder returns.
Elastic, known as “the Search AI Company,” provides an AI-powered search platform used by more than half of the Fortune 500 to transform data into actionable insights across search, observability, and security applications.
Elastic (NYSE: ESTC) announced that its Board of Directors has approved a share repurchase program authorizing the company to buy back up to $500 million of its outstanding ordinary shares. The program has no expiration date and may include open market purchases, private transactions, or other methods.
Chief Financial Officer Navam Welihinda said the move underscores the company’s confidence in its strategy, execution, and financial strength, noting that Elastic’s balance sheet supports both continued investment in growth and shareholder returns.
Elastic, known as “the Search AI Company,” provides an AI-powered search platform used by more than half of the Fortune 500 to transform data into actionable insights across search, observability, and security applications.
