Elastic N.V. ( (ESTC) ) has released its Q3 earnings. Here is a breakdown of the information Elastic N.V. presented to its investors.
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.