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Side-by-side financial comparison of Excelerate Energy, Inc. (EE) and Elastic N.V. (ESTC). Click either name above to swap in a different company.

Elastic N.V. is the larger business by last-quarter revenue ($423.5M vs $317.6M, roughly 1.3× Excelerate Energy, Inc.). On growth, Elastic N.V. posted the faster year-over-year revenue change (15.9% vs 15.7%). Over the past eight quarters, Excelerate Energy, Inc.'s revenue compounded faster (26.0% CAGR vs 13.6%).

Excelerate Energy, Inc. is a global leading provider of flexible liquefied natural gas (LNG) solutions, offering floating storage and regasification units, LNG delivery services and integrated infrastructure projects. It serves utility and industrial clients across Europe, Asia, Latin America and the Middle East, supporting markets to achieve accessible low-carbon energy transitions.

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...

EE vs ESTC — Head-to-Head

Bigger by revenue
ESTC
ESTC
1.3× larger
ESTC
$423.5M
$317.6M
EE
Growing faster (revenue YoY)
ESTC
ESTC
+0.2% gap
ESTC
15.9%
15.7%
EE
Faster 2-yr revenue CAGR
EE
EE
Annualised
EE
26.0%
13.6%
ESTC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EE
EE
ESTC
ESTC
Revenue
$317.6M
$423.5M
Net Profit
$-51.3M
Gross Margin
75.9%
Operating Margin
22.2%
-1.9%
Net Margin
-12.1%
Revenue YoY
15.7%
15.9%
Net Profit YoY
-101.5%
EPS (diluted)
$0.24
$-0.48

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EE
EE
ESTC
ESTC
Q4 25
$317.6M
$423.5M
Q3 25
$391.0M
$415.3M
Q2 25
$204.6M
$388.4M
Q1 25
$315.1M
$382.1M
Q4 24
$274.6M
$365.4M
Q3 24
$193.4M
$347.4M
Q2 24
$183.3M
$335.0M
Q1 24
$200.1M
$328.0M
Net Profit
EE
EE
ESTC
ESTC
Q4 25
$-51.3M
Q3 25
$-24.6M
Q2 25
$-16.4M
Q1 25
$-17.1M
Q4 24
$-25.4M
Q3 24
$-49.2M
Q2 24
$-41.1M
Q1 24
$176.1M
Gross Margin
EE
EE
ESTC
ESTC
Q4 25
75.9%
Q3 25
76.7%
Q2 25
74.8%
Q1 25
74.6%
Q4 24
74.5%
Q3 24
73.6%
Q2 24
73.8%
Q1 24
74.2%
Operating Margin
EE
EE
ESTC
ESTC
Q4 25
22.2%
-1.9%
Q3 25
22.3%
-2.3%
Q2 25
21.2%
-3.1%
Q1 25
20.9%
-1.2%
Q4 24
21.9%
-1.2%
Q3 24
30.9%
-9.7%
Q2 24
27.2%
-13.6%
Q1 24
22.6%
-8.1%
Net Margin
EE
EE
ESTC
ESTC
Q4 25
-12.1%
Q3 25
-5.9%
Q2 25
-4.2%
Q1 25
-4.5%
Q4 24
-7.0%
Q3 24
-14.2%
Q2 24
-12.3%
Q1 24
53.7%
EPS (diluted)
EE
EE
ESTC
ESTC
Q4 25
$0.24
$-0.48
Q3 25
$0.43
$-0.23
Q2 25
$0.15
$-0.15
Q1 25
$0.46
$-0.16
Q4 24
$0.42
$-0.25
Q3 24
$0.35
$-0.48
Q2 24
$0.26
$-0.35
Q1 24
$0.24
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EE
EE
ESTC
ESTC
Cash + ST InvestmentsLiquidity on hand
$538.2M
$1.4B
Total DebtLower is stronger
$936.3M
$570.3M
Stockholders' EquityBook value
$2.2B
$891.1M
Total Assets
$4.1B
$2.5B
Debt / EquityLower = less leverage
0.42×
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EE
EE
ESTC
ESTC
Q4 25
$538.2M
$1.4B
Q3 25
$462.6M
$1.5B
Q2 25
$426.0M
$1.4B
Q1 25
$619.5M
$584.0M
Q4 24
$537.5M
$658.5M
Q3 24
$608.4M
$594.9M
Q2 24
$609.1M
$1.1B
Q1 24
$578.9M
$526.9M
Total Debt
EE
EE
ESTC
ESTC
Q4 25
$936.3M
$570.3M
Q3 25
$942.0M
$570.0M
Q2 25
$946.2M
$569.7M
Q1 25
$322.6M
$569.4M
Q4 24
$333.6M
$569.2M
Q3 24
$345.7M
$568.9M
Q2 24
$356.4M
$568.6M
Q1 24
$366.9M
$568.3M
Stockholders' Equity
EE
EE
ESTC
ESTC
Q4 25
$2.2B
$891.1M
Q3 25
$2.2B
$971.4M
Q2 25
$2.1B
$927.2M
Q1 25
$1.9B
$859.1M
Q4 24
$1.9B
$811.5M
Q3 24
$1.9B
$759.4M
Q2 24
$1.8B
$738.2M
Q1 24
$1.8B
$707.8M
Total Assets
EE
EE
ESTC
ESTC
Q4 25
$4.1B
$2.5B
Q3 25
$4.1B
$2.5B
Q2 25
$4.0B
$2.6B
Q1 25
$2.9B
$2.3B
Q4 24
$2.9B
$2.2B
Q3 24
$2.9B
$2.2B
Q2 24
$2.9B
$2.2B
Q1 24
$2.9B
$2.1B
Debt / Equity
EE
EE
ESTC
ESTC
Q4 25
0.42×
0.64×
Q3 25
0.43×
0.59×
Q2 25
0.44×
0.61×
Q1 25
0.17×
0.66×
Q4 24
0.18×
0.70×
Q3 24
0.18×
0.75×
Q2 24
0.19×
0.77×
Q1 24
0.20×
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EE
EE
ESTC
ESTC
Operating Cash FlowLast quarter
$104.4M
$26.6M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$302.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EE
EE
ESTC
ESTC
Q4 25
$104.4M
$26.6M
Q3 25
$114.9M
$104.8M
Q2 25
$87.1M
$87.0M
Q1 25
$154.8M
$88.1M
Q4 24
$49.6M
$38.4M
Q3 24
$39.8M
$52.8M
Q2 24
$90.4M
$60.9M
Q1 24
$64.7M
$52.4M
Free Cash Flow
EE
EE
ESTC
ESTC
Q4 25
$26.0M
Q3 25
$104.2M
Q2 25
$84.9M
Q1 25
$87.3M
Q4 24
$37.7M
Q3 24
$52.0M
Q2 24
$60.1M
Q1 24
$51.3M
FCF Margin
EE
EE
ESTC
ESTC
Q4 25
6.1%
Q3 25
25.1%
Q2 25
21.8%
Q1 25
22.8%
Q4 24
10.3%
Q3 24
15.0%
Q2 24
17.9%
Q1 24
15.6%
Capex Intensity
EE
EE
ESTC
ESTC
Q4 25
0.1%
Q3 25
0.2%
Q2 25
0.5%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
EE
EE
ESTC
ESTC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EE
EE

Other$179.4M57%
Revenue From Leases$138.1M43%

ESTC
ESTC

Self Managed Subscription$192.0M45%
Saa S Self Managed Annual$156.9M37%
Saa S Self Managed Monthly$48.8M12%
Professional Services$25.8M6%

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