Company Overview

Elastic N.V., recognized as "The Search AI Company," empowers individuals and organizations to securely harness search-powered AI to discover real-time answers from their data, at scale. Founded in 2012 and headquartered in Amsterdam, the Netherlands, Elastic is publicly traded on the New York Stock Exchange under the symbol ESTC. The company's mission is to enable everyone to find the answers they need from all their data, using AI and search technology.

Business Overview

Elastic N.V. operates as a search artificial intelligence (AI) company, delivering software platforms designed to function seamlessly across hybrid, public cloud, private cloud, and multi-cloud environments in the United States and internationally. Its core offering is the Elastic Search AI Platform, a robust suite of software products engineered to ingest, store, search, analyze, and visualize data from a multitude of sources and formats.

Core Products and Services

The company provides a comprehensive set of solutions built around its technology:

- Elastic Search Product: A distributed, real-time vector database and analytics engine designed for all data types, including textual, numerical, geospatial, structured, and unstructured.

- Kibana: A user interface, management, and configuration tool that provides an intuitive way to interact with the Elastic platform.

- Elasticsearch: A foundational platform featuring advanced retrieval algorithms and deep integration capabilities with large language models (LLMs).

- Elastic Security: A unified security solution aimed at preventing, detecting, and responding to cyber threats.

- Elastic Observability: A solution enabling unified analysis across various IT domains, including:

- Log Analytics: For searching and analyzing petabytes of structured and unstructured log data.

- Infrastructure Monitoring: Providing visibility across cloud, on-premises, Kubernetes, serverless, and host environments.

- Application Performance Monitoring (APM): For real-time, production-grade monitoring of applications.

- Digital Experience Monitoring: Tracking user interactions and application performance from the end-user perspective.

- Large Language Models (LLMs): Integration and support for generative AI capabilities.

Financial Performance

Q4 FY2025 Results (ended April 30, 2025)

- Total Revenue: $388 million, up 16% year-over-year (16% in constant currency).

- Elastic Cloud Revenue: $182 million, up 23% year-over-year (23% in constant currency).

- Non-GAAP Operating Income: $60 million, representing a 15% non-GAAP operating margin.

- GAAP Net Loss Per Share: $(0.16).

- Non-GAAP Diluted Earnings Per Share: $0.47.

Full Year FY2025 Performance

- Total Revenue: $1.483 billion, an increase of 17% year-over-year.

- Cloud Revenue: $688 million, up 26% year-over-year.

Market Position and Customer Base

Elastic's Search AI Platform serves as the cornerstone for its search, observability, and security solutions, utilized by thousands of companies worldwide, including over 50% of the Fortune 500.

Key Customer Growth Metrics:

- Customers with Annual Contract Value (ACV) > $100,000: Exceeded 1,510 customers by the end of FY25, up from over 1,460 in Q3 FY25 and over 1,330 in Q4 FY24.

- Customers with ACV > $1 million: Over 210 customers by the end of FY25.

- GenAI Use Cases: Over 2,000 Elastic Cloud customers are actively using the platform for Generative AI use cases, demonstrating strong adoption of its AI capabilities.

Strategic Partnerships and Innovation

Elastic is actively forming strategic alliances to enhance its market leadership and accelerate innovation:

- AWS Collaboration: A five-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to drive AI innovation.

- Microsoft Semantic Kernel Integration: Announced integration of its hybrid search capabilities with Microsoft's Semantic Kernel project, becoming a premier vector database solution for developers using this framework. This integration allows for combining multiple search techniques for more accurate results.

- NVIDIA Enterprise AI Factory: Elasticsearch is validated and recommended as a key component for enterprises building on-premises AI factories with NVIDIA's validated design.

Market Capitalization and Valuation

- Market Capitalization: Approximately $9.17 billion as of September 04, 2025 (intraday: $9.225 billion).

- This valuation places Elastic N.V. as a significant player within the mid-cap technology sector.

Future Outlook

For Fiscal Year 2026 (FY2026), Elastic projects total revenue to be between $1.655 billion and $1.670 billion, representing an expected year-over-year growth of 12%. The company anticipates a non-GAAP operating margin of around 16%. Elastic continues to approach its FY26 guidance with prudence due to ongoing macroeconomic uncertainties.

Elastic is well-positioned for sustained growth in the dynamic data analytics and artificial intelligence landscape, driven by its strong market position in enterprise search and AI, continuous product innovation, strategic partnerships, and expanding customer base.