Filing Flows › Elastic N.V. (ESTC) › Q1 FY27 › vs Q4 FY26
Elastic N.V. (ESTC) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Elastic N.V.'s revenue rose $27.4M (+6%) from $451M in Q4 FY26 to $478M in Q1 FY27. The biggest changes: Total subscription +$26.3M (+6%); Services +$1.1M (+4%).
Elastic N.V., Q1 FY27: revenue $478M (+15% year over year), operating margin -4.9%, net loss $16.7M, operating cash flow $132M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 27.5% | 33.2% | -5.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Self-managed subscription | $214M | $205M | $8.4M | +4% |
| Saa S Self Managed - Annual | $185M | $170M | $15.4M | +9% |
| Saa S Self Managed - Monthly | $50.2M | $47.8M | $2.4M | +5% |
| Total subscription | $449M | $422M | $26.3M | +6% |
| Services | $29.4M | $28.2M | $1.1M | +4% |
| Revenue | $478M | $451M | $27.4M | +6% |
| Other income, net | $6.3M | $6.6M | −$330K | -5% |
| Income tax benefit | $529K | $446M | −$445M | -100% |
| Net loss | $16.7M | −$436M | $453M | — |
| Costs & expenses | $502M | $903M | −$401M | -44% |
| Operating costs | $502M | $467M | $34.6M | +7% |
| Cost of revenue | $122M | $111M | $10.9M | +10% |
| Research & development | $112M | $120M | −$7.8M | -6% |
| Sales & marketing | $199M | $186M | $13.2M | +7% |
| General & admin | $48.4M | $50.0M | −$1.7M | -3% |
| Operating cash sources | $149M | −$283M | $432M | — |
| Depreciation & amortization | $3.3M | $3.2M | $153K | +5% |
| Share-based compensation | $74.8M | $77.5M | −$2.7M | -3% |
| Working capital & other | $70.6M | −$364M | $434M | — |
| Net loss absorbed | $16.7M | −$436M | $453M | — |
| Operating cash flow | $132M | $153M | −$20.7M | -14% |
| Free cash flow (OCF − capex) | $131M | $150M | −$18.4M | -12% |
| Capital expenditures | $590K | $2.9M | −$2.3M | -80% |
Questions
How much did Elastic N.V.'s revenue grow quarter over quarter in Q1 FY27?
Elastic N.V.'s revenue rose $27.4M (+6%) from $451M in Q4 FY26 to $478M in Q1 FY27.
What drove Elastic N.V.'s revenue change in Q1 FY27?
Total subscription +$26.3M (+6%); Services +$1.1M (+4%).