Elastic N.V.ESTCEarnings & Financial Report
Elastic is a Dutch-American software company that provides a platform for enterprise search, observability, and cybersecurity. Its product enables users to search and analyze large-scale data, monitor system performance, and detect anomalies. Originally known as Elasticsearch, the company was founded in 2012 in Amsterdam, Netherlands, and has maintained its operational headquarters in both the Netherlands and San Francisco, California, US. Elastic is publicly traded on the New York Stock Exch...
Revenue
$365.4M
Gross Profit
$272.2M
Operating Profit
$-4.4M
Net Profit
$-25.4M
Gross Margin
74.5%
Operating Margin
-1.2%
Net Margin
-7.0%
YoY Growth
17.6%
EPS
$-0.25
Elastic N.V. Q2 FY2025 Financial Summary
Elastic N.V. reported revenue of $365.4M (up 17.6% YoY) for Q2 FY2025, with a net profit of $-25.4M (down 2.6% YoY) (-7.0% margin). Cost of goods sold was $93.2M, operating expenses totaled $276.6M.
Key Financial Metrics
| Total Revenue | $365.4M |
|---|---|
| Net Profit | $-25.4M |
| Gross Margin | 74.5% |
| Operating Margin | -1.2% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Elastic N.V. Q2 FY2025 revenue of $365.4M breaks down across 3 segments, led by Self Managed Subscription at $172.0M (47.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Self Managed Subscription | $172.0M | 47.1% |
| Saa S Self Managed | $168.8M | 46.2% |
| Professional Services | $24.6M | 6.7% |
Elastic N.V. Revenue by Segment — Quarterly Trend
Elastic N.V. revenue by segment across the last 4 reported quarters, showing how each business line (such as Self Managed Subscription and Saa S Self Managed) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Self Managed Subscription | $192.0M | $207.2M | $180.2M | $178.2M |
| Saa S Self Managed | — | — | $181.5M | $180.0M |
| Professional Services | $25.8M | $24.2M | $26.7M | $23.9M |
Elastic N.V. Annual Revenue by Year
Elastic N.V. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.5B |
| 2024 | $1.3B |
| 2023 | $1.1B |
| 2022 | $862.4M |
Elastic N.V. Quarterly Revenue & Net Profit History
Elastic N.V. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $423.5M | +15.9% | $-51.3M | -12.1% |
| Q1 FY2026 | $415.3M | +19.5% | $-24.6M | -5.9% |
| Q4 FY2025 | $388.4M | +16.0% | $-16.4M | -4.2% |
| Q3 FY2025 | $382.1M | +16.5% | $-17.1M | -4.5% |
| Q2 FY2025 | $365.4M | +17.6% | $-25.4M | -7.0% |
| Q1 FY2025 | $347.4M | +18.3% | $-49.2M | -14.2% |
| Q4 FY2024 | $335.0M | +19.7% | $-41.1M | -12.3% |
| Q3 FY2024 | $328.0M | +19.4% | $176.1M | 53.7% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $328.0M | $335.0M | $347.4M | $365.4M | $382.1M | $388.4M | $415.3M | $423.5M |
| YoY Growth | 19.4% | 19.7% | 18.3% | 17.6% | 16.5% | 16.0% | 19.5% | 15.9% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.06B | $2.24B | $2.15B | $2.23B | $2.33B | $2.59B | $2.52B | $2.48B |
| Liabilities | $1.35B | $1.50B | $1.39B | $1.42B | $1.47B | $1.67B | $1.55B | $1.59B |
| Equity | $707.8M | $738.2M | $759.4M | $811.5M | $859.1M | $927.2M | $971.4M | $891.1M |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $52.4M | $60.9M | $52.8M | $38.4M | $88.1M | $87.0M | $104.8M | $26.6M |