Filing Flows › Elastic N.V. (ESTC) › Q3 FY25
Elastic N.V. (ESTC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 28, 2025
Elastic N.V. (ESTC) reported revenue of $382M for the third quarter fiscal 2025 (Q3 FY25), +17% from a year earlier and +5% from the quarter before. Operating margin was -1.2%, net loss $17.1M (4.5% of revenue).
Elastic N.V., Q3 FY25: revenue $382M (+16% year over year), operating margin -1.2%, net loss $17.1M, operating cash flow $88.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $382M | +5% | +17% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$17.1M | — | — |
| Operating cash flow | $88.1M | +129% | +68% |
| Free cash flow | $87.3M | +132% | +70% |
What changed
Revenue was $382.1M in Q3 FY25, up 17% year over year and up 5% from the previous quarter. SaaS was the largest line at 47% of revenue. SaaS added $36.6M year over year (up 26%), 68% of the total change.
Gross margin was 74.6%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $4.6M, an operating margin of -1.2%. Operating expenses grew 7% against revenue growth of 17%. The quarter ended with a net loss of $17.1M, narrower than the previous quarter's $25.4M loss. Non-operating items added $8.7M, 214% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $88.1M (up 68% year over year). Non-cash charges added back $2.3M of depreciation and amortization and $64.6M of share-based compensation. Working capital and other items added $38.2M. Capital expenditures of $766K left free cash flow of $87.3M.
Questions
What was Elastic N.V.'s revenue in the third quarter fiscal 2025?
Elastic N.V.
Was Elastic N.V. profitable in the third quarter fiscal 2025?
Operating loss was $4.6M (-1.2% of revenue) and net loss $17.1M.
Source: Elastic N.V. 10-Q on SEC EDGAR.