Elastic N.V. ( (ESTC) ) has released its Q3 earnings. Here is a breakdown of the information Elastic N.V. presented to its investors.
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Elastic N.V., known for its Elasticsearch platform, operates in the technology sector, focusing on search, observability, and security solutions. The company has established itself as a leader in Search AI, serving over half of the Fortune 500 companies.
In its third-quarter fiscal 2025 earnings report, Elastic reported a revenue of $382 million, marking a 17% increase year-over-year. The company’s cloud revenue also saw a significant rise, reaching $180 million, a 26% increase from the previous year.
Key financial metrics highlighted include a GAAP operating loss of $5 million with a non-GAAP operating income of $64 million, reflecting a 17% non-GAAP operating margin. The company also reported a GAAP net loss per share of $0.16, while the non-GAAP diluted earnings per share stood at $0.63. Elastic’s operating cash flow was recorded at $88 million, with adjusted free cash flow at $99 million.
Strategically, Elastic announced the general availability of its Elastic Cloud Serverless on AWS and introduced new product innovations like the Elasticsearch logsdb index mode. The company also appointed a new CFO, Navam Welihinda, and received accolades such as the AWS Global Generative AI Infrastructure and Data Partner of the Year 2024.
Looking ahead, Elastic projects a revenue range of $379 million to $381 million for the fourth quarter of fiscal 2025, with an expected non-GAAP operating margin of approximately 13.5%. The company remains optimistic about its growth prospects, driven by strong market demand and continuous innovation in its offerings.