NYSE$ESTC

Elastic NV · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Elastic reported strong financial results for the fourth quarter and full fiscal year 2021.

Elastic's Q4 revenue reached $177.6 million, a 44% year-over-year increase, with SaaS revenue up 77% year-over-year. The company saw continued adoption of Elastic Cloud and demand for its enterprise search, observability, and security solutions.

  • Total revenue was $177.6 million, up 44% year-over-year.
  • SaaS revenue was $51.3 million, up 77% year-over-year.
  • Calculated billings increased by 38% year-over-year to $240.9 million.
  • Cash and cash equivalents were $400.8 million as of April 30, 2021.

Headline financials

Total Revenue

$178M

Previous: $124M+43.7%
EPS (adj)

-$0.08

Previous: -$0.12+33.3%
Net Expansion Rate

130.0%

Previous: 130.0%+0.0%
Capital Expenditures

$1.18M

Previous: $826K+42.9%
Free Cash Flow

-$3.06M

Previous: -$6.80-45029311.8%
Net Income

-$43.3M

Previous: -$31.15-139003463.3%
Operating Income

-$37.1M

Previous: -$34.57-107239444.2%
Gross Profit

$132M

Previous: $89.4M+47.5%
Cash & Equivalents

$401M

Previous: $297.10+134908684.9%
Total Assets

$973M

Previous: $803.91+121054593.9%

Revenue & EPS history

Elastic · Revenue · Quarterly

$178M

Q4 2021+43.7%vs Q4 2020
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Revenue by segment

Elastic · $64.4M total across 2 segments · Q4 2021

  • Elastic Cloud
    $51.3M+177200452.3%
  • Services
    $13.1M+134475208.6%

Forward guidance

For the first quarter of fiscal 2022, Elastic expects total revenue between $171 million and $173 million, non-GAAP operating margin between -5.0% and -4.0%, and non-GAAP net loss per share between $0.13 and $0.10. For fiscal year 2022, Elastic expects total revenue between $782 million and $788 million, non-GAAP operating margin between -5.5% and -4.5%, and non-GAAP net loss per share between $0.60 and $0.51.

Tailwinds

  • Total revenue is expected to be between $171 million and $173 million for Q1 2022.
  • Non-GAAP operating margin is expected to be between -5.0% and -4.0% for Q1 2022.
  • Non-GAAP net loss per share is expected to be between $0.13 and $0.10 for Q1 2022.
  • Total revenue is expected to be between $782 million and $788 million for fiscal year 2022.
  • Non-GAAP operating margin is expected to be between -5.5% and -4.5% for fiscal year 2022.

Headwinds

  • Non-GAAP operating margin is expected to be between -5.0% and -4.0% for Q1 2022.
  • Non-GAAP net loss per share is expected to be between $0.13 and $0.10 for Q1 2022.
  • Non-GAAP operating margin is expected to be between -5.5% and -4.5% for fiscal year 2022.
  • Non-GAAP net loss per share is expected to be between $0.60 and $0.51 for fiscal year 2022.
  • A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.2%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-2.5%

Avg return

30 days after

40%

12 / 30 earnings

Positive

+38.4%

Q2 2024

Best reaction

-26.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-15.4%-15.8%-21.2%
Q2 2026-15.6%-14.8%-6.9%
Q1 2026-3.1%-1.7%-2.1%
Q4 2025-12.1%-8.9%-10.1%
Q3 2025+14.9%+8.2%-9.5%
Q2 2025+22.0%+25.9%+17.0%
Q1 2025-26.0%-28.9%-24.9%
Q4 2024+1.7%+0.7%+11.3%
Q3 2024-9.8%-16.4%-22.7%
Q2 2024+38.4%+45.2%+41.5%
Q1 2024+22.2%+23.5%+33.7%
Q4 2023-0.7%-1.9%-11.9%
Q3 2023+10.7%+6.3%+0.3%
Q2 2023-3.1%-11.3%-12.7%
Q1 2023-0.2%+1.9%-18.1%
Q4 2022+19.4%+20.2%+15.5%
Q3 2022-6.8%-11.2%+8.0%
Q2 2022-23.9%-28.9%-20.8%
Q1 2022-3.4%+0.3%+4.9%
Q4 2021+9.7%+12.0%+23.8%
Q3 2021-14.0%-5.3%-27.5%
Q2 2021+11.8%+17.1%+21.0%
Q1 2021+6.5%+4.1%+2.0%
Q4 2020-3.3%-7.4%+6.6%
Q3 2020+8.7%+10.0%-18.9%
Q2 2020-17.4%-19.9%-15.0%
Q1 2020+11.5%+10.4%+4.2%
Q4 2019-1.7%-2.7%-3.9%
Q3 2019-6.9%-7.3%-17.8%
Q2 2019-8.1%-15.7%-21.9%
Q1 2019
Q4 2018
Q3 2017
Q2 2017
Q1 2017

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