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Elastic10-Q: Restructuring charge

Elastic announces plan to reduce workforce by 7% to realign strategic priorities

What happened

Announced on June 24, 2026, this plan aims to simplify structures and reduce complexity, but risks disrupting operations, increasing workloads on remaining staff, and losing key talent.

Source

SEC EDGARAug 28, 2026

Quarterly report (Form 10-Q)

Elastic 10-Q

Filing excerpt

On June 24, 2026, we announced a plan to reduce our workforce by approximately 7% and to align our investments more closely with our strategic priorities.

sec.gov/Archives/edgar/data/1707753/000170775326000054/estc-20260731.htmRead the full source

Other signals in this filing (5)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Restructuring charge

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
07/31
Filed
Aug 28, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Percent
7% (workforce reduction)

Details

CIK
1707753
Accession number
0001707753-26-000054
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Vendor review likely
Signal category
Financial

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Sep 1, 2026
signal_type
sec-10q
signal_subtype
restructuringCharge

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/3da8e6e9-6dd7-4572-8d29-cb564b49895b returns this record as JSON. POST /v1/companies/enrich returns every signal for elastic.co.

{
  "signal_id": "3da8e6e9-6dd7-4572-8d29-cb564b49895b",
  "signal_type": "sec-10q",
  "signal_subtype": "restructuringCharge",
  "detected_at": "2026-09-01T07:03:25.584+00:00",
  "company": {
    "name": "Elastic",
    "domain": "elastic.co"
  },
  "data": {
    "detail": "Announced on June 24, 2026, this plan aims to simplify structures and reduce complexity, but risks disrupting operations, increasing workloads on remaining staff, and losing key talent. This creates an urgent need for efficiency tools and solutions to manage the transition.",
    "metrics": {
      "pct": 0.07,
      "timeframe": "current_quarter",
      "pct_context": "workforce reduction"
    },
    "summary": "Elastic announces plan to reduce workforce by 7% to realign strategic priorities",
    "excerpts": "On June 24, 2026, we announced a plan to reduce our workforce by approximately 7% and to align our investments more closely with our strategic priorities.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1707753/000170775326000054/estc-20260731.htm",
    "filing_date": "2026-08-28",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "07/31",
    "sales_relevance": "Vendor review likely",
    "signal_category": "financial"
  }
}

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