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Elastic N.V. (ESTC) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Aug 28, 2026 · Elastic N.V. (ESTC) Q1 FY27 earnings results →

Q1 FY27 Revenue up 15% year over year to $478M · 3¢ of every $1 of revenue lost · operating margin -4.9%

Elastic N.V. made $478M in Q1 FY27 (+15% Y/Y): Total subscription $449M, Services $29.4M. Operating margin -4.9%, net loss $16.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 28, 2026.

Revenue$478M
Year over year+15%
Operating margin-4.9%
Net earnings−$16.7M
Operating cash flow$132M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $478.1M in Q1 FY27, up 15% year over year and up 6% from the previous quarter. Self-managed subscription was the largest line at 45% of revenue. Saa S Self Managed - Annual added $39.1M year over year (up 27%), 62% of the total change.

Gross margin was 74.5%, down 2.2 points from Q1 FY26. Operating costs exceeded revenue by $23.6M, an operating margin of -4.9%. Operating expenses grew 16% against revenue growth of 15%. The fastest-growing cost line was Sales & marketing (+14%). The quarter ended with a net loss of $16.7M, after a profit of $435.9M the previous quarter. Non-operating items added $6.3M, -37% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $132.0M (up 26% year over year). Non-cash charges added back $3.3M of depreciation and amortization and $74.8M of share-based compensation. Working capital and other items added $70.6M. Capital expenditures of $590K left free cash flow of $131.4M.

Quarterly history

Elastic N.V. revenue by quarterElastic N.V. revenue by quarter$382MQ3 FY25$388MQ4 FY25$415MQ1 FY26$423MQ2 FY26$450MQ3 FY26$451MQ4 FY26$478MQ1 FY27
Elastic N.V. net earnings by quarterElastic N.V. net earnings by quarter−$17.1MQ3 FY25−$16.4MQ4 FY25−$24.6MQ1 FY26−$51.3MQ2 FY26$7.8MQ3 FY26$436MQ4 FY26−$16.7MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QAug 28, 2026$478M+15%-4.9%−$16.7M$132M
Q4 FY2610-KJun 8, 2026$451M+16%-3.6%$436M$153M
Q3 FY2610-QFeb 27, 2026$450M+18%0.1%$7.8M$42.7M
Q2 FY2610-QNov 24, 2025$423M+16%-1.9%−$51.3M$26.6M
Q1 FY2610-QAug 29, 2025$415M+20%-2.3%−$24.6M$105M
Q4 FY2510-KJun 10, 2025$388M+16%-3.1%−$16.4M$87.0M
Q3 FY2510-QFeb 28, 2025$382M+16%-1.2%−$17.1M$88.1M

Charts

Elastic N.V.: revenue growth, year over year and quarter over quarterElastic N.V.: revenue growth, year over year and quarter over quarterY/YQ/Q+16%Q3 FY25+16%+2%Q4 FY25+20%+7%Q1 FY26+16%+2%Q2 FY26+18%+6%Q3 FY26+16%+0%Q4 FY26+15%+6%Q1 FY27
Latest (Q1 FY27): Y/Y +15%, Q/Q +6%.
Elastic N.V.: where the cash came from (+) and went (−), TTM to Q1 FY27Elastic N.V.: where the cash came from (+) and went (−), TTM to Q1 FY27Buybacks−$380MOperating cash flow$354MOther investing$248MCash drawn (+) / kept (−)−$216MAcquisitions−$28.3MOther financing$25.0MShares issued$5.8MCapital spending−$5.0MExchange rates−$3.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Elastic N.V.: profit against cash, quarter by quarterElastic N.V.: profit against cash, quarter by quarterNet incomeOperating cash flow−$25.4M$38.4MQ2 FY25−$17.1M$88.1MQ3 FY25−$16.4M$87.0MQ4 FY25−$24.6M$105MQ1 FY26−$51.3M$26.6MQ2 FY26$7.8M$42.7MQ3 FY26$436M$153MQ4 FY26−$16.7M$132MQ1 FY27
Latest (Q1 FY27): Net income −$16.7M, Operating cash flow $132M.
Elastic N.V.: diluted shares by fiscal yearElastic N.V.: diluted shares by fiscal year87MFY2193MFY2296MFY23104MFY24104MFY25107MFY26
+22.9% since FY21: more shares outstanding (issuance, stock pay).
Elastic N.V. in its industry: growth against margin (192 companies, SIC 7372)Elastic N.V. in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYESTC (+15%, -5%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Elastic N.V.

Elastic, the Search AI Company, enables its customers to transform data into answers, actions, and outcomes with Search AI. While search technology revolutionized information retrieval through its ability to instantly return relevant results from massive datasets, it struggles when it comes to understanding context and generating insights. AI, on the other hand, excels at analyzing complex patterns and generating insights, but it lacks the ability to find and access specific information within vast data stores. The Elasticsearch Platform (“our platform”) combines the precision of search with the intelligence of AI to help our customers and community solve real-time business problems, unlock potential value, and achieve better outcomes.

In its own words, from its 10-K, filed Jun 8, 2026.

Elastic N.V. against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +15%. Operating margin: -4.9% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
ESTC Elastic N.V.Q1 FY27$478M+15%-4.9%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Elastic N.V. 10-Q on SEC EDGAR · CIK 1707753 · Services-Prepackaged Software

Guidance and outlook

Elastic N.V. Revenue: guidance against what was reportedElastic N.V. Revenue: guidance against what was reportedguided rangereported (above / within / below)Q1 FY26$415MQ2 FY26$423MQ3 FY26$450MFY26$1.7BQ4 FY26$451MFY27Q1 FY27$478MQ2 FY27
Met or beat 9 of 9 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

More on ESTC

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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