Elastic NV · Q1 2025 earnings

Briefing

Delivered solid results, outperforming guidance for revenue and profitability, with strong GenAI adoption, but customer commitments were impacted by segmentation changes.

Elastic reported Q1 2025 revenue of $347 million, up 18% year-over-year. Elastic Cloud revenue was $157 million, a 30% increase year-over-year. The company experienced a slower start to the year due to customer commitment impacts from segmentation changes.

• Total revenue was $347 million, an increase of 18% year-over-year.
• Elastic Cloud revenue was $157 million, an increase of 30% year-over-year.
• GAAP operating loss was $34 million; GAAP operating margin was -10%.
• Non-GAAP diluted earnings per share was $0.35.

Headline financials

Revenue & EPS history

For the second quarter of fiscal 2025, Elastic expects total revenue between $353 million and $355 million, representing 14% year-over-year growth. Non-GAAP operating margin is expected to be approximately 13%, and non-GAAP diluted earnings per share are expected to be between $0.37 and $0.39. For fiscal year 2025, total revenue is expected to be between $1.436 billion and $1.444 billion, representing 14% year-over-year growth. Non-GAAP operating margin is expected to be approximately 12.5%, and non-GAAP diluted earnings per share are expected to be between $1.52 and $1.56.