Elastic N.V. reported a total revenue of $1.483 billion for the fiscal year ending April 30, 2025, marking a 17% increase from $1.267 billion in the previous year. This growth was primarily driven by a significant rise in subscription revenue, which accounted for 93% of total revenue, amounting to $1.385 billion, up from $1.177 billion in fiscal 2024. The company experienced a net loss of $108.1 million for the year, a decline from a net income of $61.7 million in the prior fiscal year, reflecting ongoing investments in product development and market expansion.
The company’s customer base grew to approximately 21,500, up from 21,000 in the previous year, with a notable increase in the number of customers generating over $100,000 in annual contract value, which rose to over 1,510. Elastic Cloud, the company’s cloud-based offering, contributed 46% of total revenue, up from 43% in fiscal 2024, indicating a strong adoption of its cloud services. The company also reported a Net Expansion Rate of approximately 112% as of April 30, 2025, highlighting its success in increasing revenue from existing customers.
In terms of operational developments, Elastic made strategic investments in research and development, with expenses totaling $365.8 million, a 7% increase from the previous year. The company also completed the acquisition of Opster Ltd. for $23 million, aimed at enhancing its Search AI capabilities. Additionally, Elastic launched Elastic Cloud Serverless, further expanding its cloud offerings. The company’s workforce grew to 3,537 employees, reflecting its commitment to scaling operations to support growth.
Looking ahead, Elastic anticipates continued revenue growth driven by the expansion of its product offerings and customer base. However, the company acknowledged potential challenges posed by macroeconomic conditions, including inflation and geopolitical tensions, which could impact customer spending and sales cycles. Despite the recent net losses, Elastic remains focused on long-term profitability and plans to leverage its investments in AI and cloud technologies to enhance its competitive position in the market.
About Elastic N.V.
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