Filing Flows › Elastic N.V. (ESTC) › Q1 FY26
Elastic N.V. (ESTC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 29, 2025
Elastic N.V. (ESTC) reported revenue of $415M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and +7% from the quarter before. Operating margin was -2.3%, net loss $24.6M (5.9% of revenue).
Elastic N.V., Q1 FY26: revenue $415M (+20% year over year), operating margin -2.3%, net loss $24.6M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $415M | +7% | +20% |
| Operating profit | −$9.4M | — | — |
| Net earnings | −$24.6M | — | — |
| Operating cash flow | $105M | +21% | +99% |
| Free cash flow | $104M | +23% | +100% |
What changed
Revenue was $415.3M in Q1 FY26, up 20% year over year and up 7% from the previous quarter. Self-managed subscription was the largest line at 46% of revenue. Saa S Self Managed - Annual added $34.9M year over year (up 31%), 51% of the total change.
Gross margin was 76.7%, up 3.1 points from a year earlier. Operating costs exceeded revenue by $9.4M, an operating margin of -2.3%. Operating expenses grew 13% against revenue growth of 20%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $24.6M, wider than the previous quarter's $16.4M loss. Non-operating items added $9.4M, -104789% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $104.8M (up 99% year over year). Non-cash charges added back $2.3M of depreciation and amortization and $69.9M of share-based compensation. Working capital and other items added $57.2M. Capital expenditures of $656K left free cash flow of $104.2M.
Questions
What was Elastic N.V.'s revenue in the first quarter fiscal 2026?
Elastic N.V.
Was Elastic N.V. profitable in the first quarter fiscal 2026?
Operating loss was $9.4M (-2.3% of revenue) and net loss $24.6M.
Source: Elastic N.V. 10-Q on SEC EDGAR.