Core Viewpoint - A class action securities lawsuit has been filed against Elastic N.V. for alleged securities fraud affecting investors between May 31, 2024, and August 29, 2024 [1] Group 1: Allegations and Impact - The lawsuit claims that Elastic made false statements regarding significant changes to its sales operations, particularly affecting customer segments in the Americas [2] - These changes reportedly disrupted Elastic's sales operations during the first quarter of FY 2025, leading to an overstatement of the stability of its sales operations [2] - As a result, Elastic is unlikely to meet its previously issued revenue guidance for FY 2025, making the defendants' public statements materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the relevant timeframe have until April 14, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]

NEW YORK, March 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Elastic N.V. (NYSE: ESTC).Shareholders who purchased shares of ESTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/elastic-n-v-loss-submission-form/?id=134052&from=4 CLASS PERIOD: May 31, 2024 to August 29, 20 ...

Group 1 - Elastic (NYSE: ESTC) reported a strong fiscal Q3 2025 earnings, resulting in a 15% stock price increase after hours [1] Group 2 - The marketplace highlights a portfolio of undervalued investment opportunities with rapid growth potential driven by top quality management [2] - The focus is on selecting the most attractive investments from numerous companies [2] Group 3 - The platform emphasizes easy investing by showcasing stocks that deliver strong gains [3] - Deep Value Returns' Marketplace is experiencing rapid growth and offers high-quality, actionable stock picks [3]

NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Elastic investors who were adversely affected by alleged securities fraud between May 31, 2024 and August 29, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/elastic-n-v-lawsuit-submission-form?prid=1 ...

Elastic N.V. (NYSE:ESTC) Q3 2025 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Anthony Luscri - Vice President, Investor Relations Ashutosh Kulkarni - Chief Executive Officer Eric Prengel - Interim Chief Financial Officer and Group Vice President of Finance Conference Call Participants Pinjalim Bora - JPMorgan Raimo Lenschow - Barclays Sanjit Singh - Morgan Stanley Matt Hedberg - RBC Capital Markets Rob Owens - Piper Sandler Howard Ma - Guggenheim Securities Koji Ikeda - Bank of ...

Core Insights - Elastic reported revenue of $382.08 million for the quarter ended January 2025, marking a 16.5% increase year-over-year and a surprise of +3.74% over the Zacks Consensus Estimate of $368.32 million [1] - The company's EPS for the quarter was $0.63, significantly up from $0.36 in the same quarter last year, resulting in an EPS surprise of +34.04% compared to the consensus estimate of $0.47 [1] Revenue Breakdown - Revenue from Services was $23.89 million, exceeding the average estimate of $21.55 million by nine analysts, representing a year-over-year increase of +17.5% [4] - Subscription revenue reached $358.20 million, surpassing the average estimate of $346.74 million, with a year-over-year change of +16.4% [4] - Elastic Cloud subscription revenue was reported at $180 million, exceeding the seven-analyst average estimate of $174.25 million, reflecting a year-over-year increase of +25.5% [4] - Other subscription revenue amounted to $178.20 million, compared to the average estimate of $172.64 million, indicating an 8.5% year-over-year change [4] Stock Performance - Over the past month, Elastic's shares have returned -8.6%, while the Zacks S&P 500 composite has seen a -2.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Revenue Performance - Subscription revenue accounted for 93% of total revenue for the nine months ended January 31, 2025 and 2024 [121] - Elastic Cloud contributed 46% of total revenue for the nine months ended January 31, 2025, up from 43% in the same period of 2024 [129] - Total revenue for the three months ended January 31, 2025, was $382.1 million, a 17% increase from $328.0 million in the same period of 2024 [155] - Subscription revenue increased by $50.6 million, or 16%, for the three months ended January 31, 2025, driven by a 26% growth in Elastic Cloud, which represented 47% of total revenue [155] - Services revenue rose by $3.6 million, or 18%, for the three months ended January 31, 2025, attributed to increased adoption of service offerings [156] - Subscription revenue increased by $157.2 million, or 18%, for the nine months ended January 31, 2025, driven by a 27% growth in Elastic Cloud, which accounted for 46% of total revenue [167] - Total revenue for the nine months ended January 31, 2025, was $932.3 million, a decrease of $162.5 million, or 17%, compared to the prior year [167] Customer Metrics - The number of customers with annual contract value over $100,000 increased to over 1,460 as of January 31, 2025, compared to over 1,270 as of January 31, 2024 [123] - The company had approximately 21,350 customers as of January 31, 2025, an increase from approximately 20,800 customers as of January 31, 2024 [122] - The Net Expansion Rate was approximately 112% as of January 31, 2025 [135] Financial Performance - Gross profit for the three months ended January 31, 2025, was $284.9 million, compared to $243.3 million in the same period of 2024, resulting in a gross margin of 75% [151] - Gross profit for the nine months ended January 31, 2025, was $812.8 million, an increase of $122.7 million, or 18%, compared to the prior year [169] - The operating loss for the three months ended January 31, 2025, was $4.6 million, an improvement from a loss of $26.4 million in the same period of 2024 [151] - Net loss for the three months ended January 31, 2025, was $17.1 million, compared to a net income of $176.1 million in the same period of 2024 [151] Expenses - Research and development expenses for the three months ended January 31, 2025, were $93.6 million, an increase from $87.2 million in the same period of 2024 [151] - Sales and marketing expenses increased to $153.7 million for the three months ended January 31, 2025, compared to $141.6 million in the same period of 2024 [151] - General and administrative expenses rose to $42.2 million for the three months ended January 31, 2025, from $40.9 million in the same period of 2024 [151] - Research and development expenses rose by $23.1 million, or 9%, for the nine months ended January 31, 2025, mainly due to a $19.4 million increase in personnel and related costs [171] - Sales and marketing expenses increased by $47.4 million, or 12%, for the nine months ended January 31, 2025, primarily driven by a $46.4 million rise in personnel and related costs [173] - General and administrative expenses increased by $11.5 million, or 10%, for the nine months ended January 31, 2025, largely due to an $8.9 million rise in personnel and related costs [174] Tax and Other Income - The effective tax rate was significantly impacted by recurring items and one-time tax benefits, with a provision for income taxes of $21.1 million for the three months ended January 31, 2025 [149] - The provision for income taxes was $21.1 million for the three months ended January 31, 2025, compared to a benefit from income taxes of $200.3 million for the same period of the prior year [164] - Other income, net increased by $6.6 million, or 77%, for the three months ended January 31, 2025, primarily due to $4.3 million in net foreign currency exchange activity [163] - Other income, net increased by $11.4 million, or 47%, to $35.5 million for the nine months ended January 31, 2025, primarily due to $6.9 million in interest and investment income and $4.4 million in foreign currency exchange activity [177] Cash Flow and Financial Position - Net cash provided by operating activities was $179.2 million for the nine months ended January 31, 2025, compared to $87.8 million in the prior year [185] - Net cash used in investing activities was $148.0 million for the nine months ended January 31, 2025, primarily due to purchases of marketable securities totaling $388.8 million [187] - As of January 31, 2025, cash, cash equivalents, and marketable securities totaled $1.284 billion, consisting of highly liquid investment-grade fixed-income securities [181] - The accumulated deficit was $1.083 billion as of January 31, 2025, indicating significant operating losses [182] - The company expects existing cash and future operations to fund operating and capital needs for at least the next 12 months [183] Strategic Initiatives - The company plans to continue investing in developing new features for the Elastic Stack to drive growth [131] - The addition of the Affero General Public License (AGPL) is expected to enhance engagement and adoption of the company's software [133] - The company anticipates that the increase in Elastic Cloud's contribution to revenue will have a modest adverse impact on gross margin due to third-party hosting costs [129] - The company continues to monitor macroeconomic conditions that may affect customer spending behavior and sales cycles [126] - The company increased its non-cancelable cloud hosting capacity commitments to $875.6 million over the next five years, effective February 2025 [190] Foreign Currency Impact - Foreign currency transaction losses were $1.5 million for the nine months ended January 31, 2025, compared to $2.8 million in the prior year [196]

Corporate Overview and Q3FY25 Financial Results February 27, 2025 Forward Looking Statements; Use of Non-GAAP Measures This presentation and the accompanying oral presentation contain forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter and the fiscal year ending April 30, 2025, our strategic areas of focus, expectations and plans regarding our future growth, our go-to-ma ...

[Q3 FY2025 Financial Results Overview](index=1&type=section&id=Elastic%20Reports%20Third%20Quarter%20Fiscal%202025%20Financial%20Results) Elastic reported strong Q3 FY2025 results, exceeding guidance with total revenue of **$382 million** and a non-GAAP operating margin of **17%** [Financial Highlights](index=1&type=section&id=Third%20Quarter%20Fiscal%202025%20Financial%20Highlights) Elastic reported strong Q3 FY2025 results, exceeding guidance across all key metrics, with total revenue growing **17%** year-over-year to **$382 million**, driven by a **26%** increase in Elastic Cloud revenue, achieving a non-GAAP operating margin of **17%** and non-GAAP diluted EPS of **$0.63**, while generating **$99 million** in adjusted free cash flow - The company exceeded guidance on all revenue and profitability metrics for the third quarter, driven by strong sales execution and market demand for its **Search AI products**, particularly in **Generative AI applications**[3](index=3&type=chunk) Q3 FY2025 Key Financial Results | Metric | Value | Year-over-Year Change | | :--- | :--- | :--- | | Total Revenue | $382 million | +17% | | Elastic Cloud Revenue | $180 million | +26% | | GAAP Operating Margin | -1% | N/A | | Non-GAAP Operating Margin | 17% | N/A | | GAAP Net Loss per Share | $0.16 | N/A | | Non-GAAP Diluted EPS | $0.63 | N/A | | Operating Cash Flow | $88 million | N/A | | Adjusted Free Cash Flow | $99 million | N/A | [Key Metrics and Business Highlights](index=1&type=section&id=Third%20Quarter%20Fiscal%202025%20Key%20Metrics%20and%20Recent%20Business%20Highlights) The company demonstrated solid customer growth, with customers having an **ACV** greater than **$100,000** increasing to over **1,460**, and the **Net Expansion Rate** remained healthy at approximately **112%**, alongside key business developments including the general availability of **Elastic Cloud Serverless** on AWS, the appointment of a **new CFO**, and receiving the **AWS Global Generative AI Infrastructure and Data Partner of the Year** award Q3 FY2025 Customer Metrics | Metric | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | | :--- | :--- | :--- | :--- | | Customers with ACV > $100k | > 1,460 | > 1,420 | > 1,270 | | Total Subscription Customers | ~21,350 | ~21,300 | ~20,800 | | Net Expansion Rate | ~112% | N/A | N/A | - Key product innovations in Q3 included: - General availability of **Elastic Cloud Serverless** on AWS and technical preview on Azure - Delivery of **Elasticsearch logsdb index mode** to optimize storage and extend log retention - Launch of the **Elastic Rerank Model** to improve search accuracy and relevance[6](index=6&type=chunk) - Other significant business highlights include the appointment of Navam Welihinda as the **new CFO** and being awarded the **AWS Global Generative AI Infrastructure and Data Partner of the Year** for **2024**[10](index=10&type=chunk) [Financial Outlook](index=2&type=section&id=Financial%20Outlook) Elastic provides financial guidance for Q4 FY2025 and updates full-year FY2025 projections, anticipating continued revenue growth and strong profitability [Q4 FY2025 Guidance](index=2&type=section&id=For%20the%20fourth%20quarter%20of%20fiscal%202025%20%28ending%20April%2030%2C%202025%29%3A) For the fourth quarter of fiscal **2025**, Elastic projects total revenue between **$379 million** and **$381 million**, representing **13%** year-over-year growth at the midpoint, with an expected non-GAAP operating margin of approximately **13.5%** and non-GAAP diluted earnings per share between **$0.36** and **$0.37** Q4 FY2025 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenue | $379M - $381M | | YoY Growth (Midpoint) | 13% (15% in constant currency) | | Non-GAAP Operating Margin | ~13.5% | | Non-GAAP Diluted EPS | $0.36 - $0.37 | [Full Year FY2025 Guidance](index=2&type=section&id=For%20fiscal%202025%20%28ending%20April%2030%2C%202025%29%3A) For the full fiscal year **2025**, the company updated its guidance, expecting total revenue to be between **$1.474 billion** and **$1.476 billion**, a **16%** year-over-year growth at the midpoint, with the full-year non-GAAP operating margin projected to be approximately **14.7%** and non-GAAP diluted EPS forecasted between **$1.91** and **$1.96** Full Year FY2025 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenue | $1.474B - $1.476B | | YoY Growth (Midpoint) | 16% (17% in constant currency) | | Non-GAAP Operating Margin | ~14.7% | | Non-GAAP Diluted EPS | $1.91 - $1.96 | [Financial Statements](index=7&type=section&id=Financial%20Statements) Detailed financial statements for Q3 FY2025 show revenue growth, improved operating performance, strong liquidity, and increased cash flow from operations [Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q3 FY2025, total revenue increased to **$382.1 million** from **$328.0 million** in the prior year, with the GAAP operating loss significantly narrowing to **$4.6 million** from **$26.4 million** year-over-year, while GAAP net loss was **$17.1 million**, a substantial change from a net income of **$176.1 million** in Q3 FY2024, primarily due to a large one-time tax benefit in the prior-year period Q3 FY2025 Statement of Operations Highlights (in thousands) | Account | Three Months Ended Jan 31, 2025 | Three Months Ended Jan 31, 2024 | | :--- | :--- | :--- | | Total Revenue | $382,083 | $327,957 | | Gross Profit | $284,931 | $243,315 | | Operating Loss | $(4,638) | $(26,404) | | Net (Loss) Income | $(17,056) | $176,124 | [Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of January **31**, **2025**, Elastic's balance sheet shows a strong liquidity position with cash, cash equivalents, and marketable securities totaling **$1.284 billion**, total assets increased to **$2.33 billion** from **$2.24 billion** at the end of fiscal **2024**, total liabilities decreased slightly to **$1.47 billion**, while total shareholders' equity grew to **$859.1 million** Balance Sheet Highlights (in thousands) | Account | As of Jan 31, 2025 | As of Apr 30, 2024 | | :--- | :--- | :--- | | Cash, Cash Equivalents & Marketable Securities | $1,284,039 | $1,084,399 | | Total Assets | $2,330,147 | $2,242,566 | | Deferred Revenue (Current) | $660,873 | $663,846 | | Total Liabilities | $1,471,041 | $1,504,381 | | Total Shareholders' Equity | $859,106 | $738,185 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) In Q3 FY2025, the company generated **$88.1 million** in cash from operating activities, a significant increase from **$52.4 million** in the same period last year, and for the nine months ended January **31**, **2025**, net cash provided by operating activities more than doubled to **$179.2 million** compared to **$87.8 million** in the prior year, reflecting improved operational efficiency and profitability Cash Flow Highlights (in thousands) | Account | Three Months Ended Jan 31, 2025 | Three Months Ended Jan 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $88,058 | $52,389 | | Net cash used in investing activities | $(158,778) | $(125,069) | | Net cash provided by financing activities | $1,486 | $8,847 | [Supplementary Financial Data and Non-GAAP Reconciliations](index=10&type=section&id=Supplementary%20Financial%20Data%20and%20Non-GAAP%20Reconciliations) This section provides detailed breakdowns of revenue by type, key performance indicators, and reconciliations between GAAP and non-GAAP financial measures [Revenue by Type](index=10&type=section&id=Revenue%20by%20Type) In Q3 FY2025, Elastic Cloud revenue grew to **$180.0 million**, now representing **47%** of total revenue, up from **44%** in the prior year, highlighting the continued successful shift towards the company's cloud offerings, while other subscription revenue grew more modestly to **$178.2 million**, making up the other **47%** of total revenue Q3 FY2025 Revenue Breakdown (in thousands) | Revenue Type | Amount | % of Total Revenue | | :--- | :--- | :--- | | Elastic Cloud | $179,996 | 47% | | Other subscription | $178,202 | 47% | | Total subscription | $358,198 | 94% | | Services | $23,885 | 6% | | **Total revenue** | **$382,083** | **100%** | [Key Performance Indicators (KPIs) Growth](index=11&type=section&id=Key%20Performance%20Indicators%20%28KPIs%29%20Growth) Elastic's key growth indicators remained strong in Q3 FY2025, with Elastic Cloud revenue leading with **26%** year-over-year growth, total revenue growing **17%** YoY, and forward-looking indicators also positive, with total deferred revenue increasing by **21%** YoY and total remaining performance obligations (**RPOs**) growing by **15%** YoY Q3 FY2025 Growth Metrics (YoY) | Metric | Value (in thousands) | % Change YoY | % Change YoY (Constant Currency) | | :--- | :--- | :--- | :--- | | Elastic Cloud Revenue | $179,996 | 26% | 26% | | Total Revenue | $382,083 | 17% | 17% | | Total Deferred Revenue | $706,926 | 21% | 22% | | Total RPOs | $1,354,345 | 15% | 16% | [Reconciliation of GAAP to Non-GAAP Measures](index=12&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) The reconciliation from GAAP to non-GAAP metrics highlights the impact of non-cash expenses like stock-based compensation, showing that for Q3 FY2025, the GAAP operating loss of **$4.6 million** was adjusted to a non-GAAP operating income of **$64.0 million**, and adjusted free cash flow for the quarter was **$99.2 million**, representing a strong margin of **26%**, up from **19%** in the prior year Q3 GAAP vs. Non-GAAP Reconciliation (in thousands) | Metric | Q3 FY2025 GAAP | Q3 FY2025 Non-GAAP | | :--- | :--- | :--- | | Gross Profit | $284,931 | $293,162 | | Gross Margin | 74.6% | 76.7% | | Operating (Loss) Income | $(4,638) | $64,022 | | Operating Margin | (1.2)% | 16.8% | | Net (Loss) Income | $(17,056) | $67,183 | Adjusted Free Cash Flow (in thousands) | Metric | Three Months Ended Jan 31, 2025 | Three Months Ended Jan 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $88,058 | $52,389 | | Adjusted free cash flow | $99,151 | $63,171 | | Adjusted free cash flow margin | 26% | 19% |

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Elastic N.V. due to significant changes in its sales operations that allegedly misled investors regarding the company's revenue guidance for FY 2025 [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $100,000 in Elastic between May 31, 2024, and August 29, 2024, to discuss their legal rights [1]. - The firm is investigating claims against Elastic and reminds investors of the April 14, 2025, deadline to seek the role of lead plaintiff in a federal securities class action [2]. - The complaint alleges that Elastic and its executives violated federal securities laws by making false statements and failing to disclose significant operational changes that disrupted sales [4]. Group 2: Financial Performance and Guidance - On August 29, 2024, Elastic announced a revised FY 2025 revenue guidance of $1.436 billion to $1.444 billion, reflecting a decrease from the previous guidance of $1.468 billion to $1.48 billion [5]. - The new guidance indicates a 14% year-over-year growth at the midpoint, down from the earlier forecast of 16% [5]. - The company attributed the revenue guidance cut to a slower start to the year and disruptions caused by segmentation changes in its sales operations [5]. Group 3: Market Reaction - Following the announcement of the revised revenue guidance, Elastic's share price fell by $27.45, or 26.49%, closing at $76.19 per share on August 30, 2024 [6]. Group 4: Class Action Participation - The lead plaintiff in the class action will be the investor with the largest financial interest who is adequate and typical of class members [7]. - Any member of the putative class can move the Court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [7]. Group 5: Additional Information - Faruqi & Faruqi, LLP is also seeking information regarding Elastic's conduct from whistleblowers, former employees, and shareholders [8].