Elastic(ESTC)2025-05-29 20:07Financial Performance - Q4 revenue was $388 million, up 16% year-over-year, with Elastic Cloud revenue at $182 million, up 23% year-over-year[1][6] - FY25 total revenue reached $1.483 billion, an increase of 17% year-over-year, with Elastic Cloud revenue at $688 million, up 26% year-over-year[1][6] - Total revenue for the three months ended April 30, 2025, was $388,432, representing a 16% year-over-year increase[35] - Total subscription revenue for the year ended April 30, 2025, was $1,384,520, an 18% increase year-over-year[35] - Subscription revenue increased to $361,741 thousand for the three months ended April 30, 2025, up 16.3% from $310,984 thousand in the prior year[33] - Elastic Cloud revenue reached $181,507 for the three months ended April 30, 2025, with a 23% year-over-year growth[35] Profitability Metrics - GAAP operating loss for Q4 was $12 million, with a GAAP operating margin of -3%, while non-GAAP operating income was $60 million, with a non-GAAP operating margin of 15%[6] - Non-GAAP net income for the year ended April 30, 2025, was $217,837, up from $123,568 in 2024, reflecting a 76% increase[39] - Non-GAAP earnings per share (diluted) for the three months ended April 30, 2025, was $0.47, compared to $0.21 in the same period last year[39] - Non-GAAP operating margin for FY26 is expected to be approximately 16%[14] - Gross profit for the three months ended April 30, 2025, was $290,647 thousand, compared to $247,128 thousand for the same period in 2024, reflecting a 17.6% increase[27] - Adjusted free cash flow for the three months ended April 30, 2025, was $84,862, compared to $60,103 for the same period in 2024, marking a 41% increase[37] Customer Growth - Total customer count with Annual Contract Value (ACV) greater than $100,000 increased to over 1,510, compared to over 1,460 in Q3 FY25[7] Future Guidance - The company expects Q1 FY26 revenue to be between $396 million and $398 million, representing 14% year-over-year growth at the midpoint[11] - Non-GAAP diluted earnings per share for Q1 FY26 is expected to be between $0.41 and $0.43, assuming between 107.5 million and 108.5 million diluted weighted average ordinary shares outstanding[12] Strategic Initiatives - The company announced the acquisition of Keep Alerting Ltd, enhancing its AIOps capabilities[10] - A five-year global Strategic Collaboration Agreement was signed with Amazon Web Services (AWS) to deepen partnership through solution integrations[10] - The company plans to expand Elastic Cloud Serverless, now available in 1 region on Google Cloud and 4 regions on AWS[10] Balance Sheet Highlights - Cash and cash equivalents increased to $727,543 thousand as of April 30, 2025, from $540,397 thousand as of April 30, 2024[29] - Total assets grew to $2,592,853 thousand as of April 30, 2025, compared to $2,242,566 thousand as of April 30, 2024[29] - Deferred revenue increased to $802,117 thousand as of April 30, 2025, up from $663,846 thousand as of April 30, 2024, indicating strong future revenue potential[29] - Total remaining performance obligations reached $1,545,412, reflecting a 14% increase year-over-year[35]