NYSE$ESTC

Elastic NV · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Elastic's Q4 2024 financial results demonstrated strong revenue growth and continued adoption of its Search AI Platform.

Elastic reported a strong Q4 and fiscal year, driven by the adoption of its Generative AI capabilities. Q4 revenue reached $335 million, a 20% year-over-year increase, with Elastic Cloud revenue growing by 32% to $148 million. The company's focus on search, security, and observability continues to drive its success.

  • Total revenue was $335 million, up 20% year-over-year.
  • Elastic Cloud revenue was $148 million, up 32% year-over-year.
  • GAAP operating loss was $46 million; GAAP operating margin was -14%.
  • Non-GAAP diluted earnings per share was $0.21.

Headline financials

Total Revenue

$335M

Previous: $280M+19.7%
EPS (adj)

$0.21

Previous: $0.22-4.5%
Capital Expenditures

-$845K

Previous: $1.67M-150.8%
Free Cash Flow

$60.1M

Previous: $25.9M+132.1%
Net Income

-$41.1M

Previous: -$46.7M+12.0%
Operating Income

-$45.7M

Previous: -$40.2M-13.8%
Gross Profit

$247M

Previous: $206M+19.8%
R&D Expense

$94M

No prior period

Revenue & EPS history

Elastic · Revenue · Quarterly

$335M

Q4 2024+19.7%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Elastic · $311M total across 3 segments · Q2 2024

  • Other Subscription
    $153M+10.7%
  • Elastic Cloud
    $135M+30.8%
  • Services
    $22.9M-1.4%

Forward guidance

For the first quarter of fiscal 2025, Elastic expects total revenue between $343 million and $345 million, representing 17% year-over-year growth. Non-GAAP operating margin is expected to be between 9.2% and 9.4%, with non-GAAP diluted earnings per share between $0.24 and $0.26.

Tailwinds

  • Total revenue is expected to be between $343 million and $345 million, representing 17% year-over-year growth at the midpoint
  • Non-GAAP operating margin is expected to be between 9.2% and 9.4%
  • Non-GAAP diluted earnings per share is expected to be between $0.24 and $0.26
  • Total revenue is expected to be between $1.468 billion and $1.480 billion for fiscal year 2025
  • Non-GAAP operating margin is expected to be between 11.7% and 12.3% for fiscal year 2025

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 2024

Historical avgQ4 2024

+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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