Latest news with #ElasticCloud
Yahoo
6 days ago
- Business
- Yahoo
Elastic NV (ESTC) Q4 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Total Revenue: $388 million, 16% growth year-over-year. Subscription Revenue: $362 million, 16% growth as reported, 17% in constant currency. Elastic Cloud Revenue: 23% growth as reported and in constant currency. Non-GAAP Operating Margin: 15% for Q4 and fiscal year 2025. Adjusted Free Cash Flow Margin: 19% for fiscal year 2025. CRPO (Current Remaining Performance Obligations): Approximately $1 billion, 18% growth year-over-year. Customers with >$1 Million ACV: Grew approximately 27%, with 45 net new customers added. Customers with >$100,000 ACV: Grew approximately 14%, with 180 net new customers added. Q1 Fiscal 2026 Revenue Guidance: $396 million to $398 million, 14% year-over-year growth at midpoint. Fiscal Year 2026 Revenue Guidance: $1.655 billion to $1.67 billion, 12% year-over-year growth at midpoint. Fiscal Year 2026 Non-GAAP Operating Margin Guidance: Approximately 16%. Q1 Fiscal 2026 Non-GAAP EPS Guidance: $0.41 to $0.43. Fiscal Year 2026 Non-GAAP EPS Guidance: $2.24 to $2.32. Warning! GuruFocus has detected 2 Warning Sign with ESTC. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Elastic NV (NYSE:ESTC) achieved a strong quarter with a 16% revenue growth and a 23% increase in Elastic Cloud revenue. The company exceeded guidance across all revenue and profitability metrics, demonstrating platform strength. Elastic NV (NYSE:ESTC) ended FY25 with more than 1,510 customers spending over $100,000, and over 210 customers with more than $1 million in committed annual contract value. The company secured significant deals, including an eight-figure expansion with a global financial institution and a multiyear seven-figure deal with an international banking group. Elastic NV (NYSE:ESTC) continues to see strong adoption of its GenAI applications, with over 2,000 Elastic Cloud customers using it for GenAI use cases. Elastic NV (NYSE:ESTC) faced pressure in the US public sector, impacting sales cycles, particularly in federal civilian agencies. The company is approaching FY26 guidance with prudence due to potential macroeconomic uncertainties. There is a noted sequential headwind due to fewer days in Q4, affecting revenue comparisons. Despite strong performance, the company acknowledges potential uncertainty amidst evolving macro conditions. Elastic NV (NYSE:ESTC) is seeing slower sequential cloud growth in fiscal Q1, attributed to seasonal patterns and consumption headwinds. Q: Navam, the guidance seems conservative. Is it more conservative than past guidance, and what metrics are the best indicators of the business's health? A: Navam Welihinda, CFO: We had a strong Q4 despite US public sector pressure. The guidance reflects a balance between positive demand signals and macro uncertainty. We extrapolated US public sector pressure to the entire business and assumed more consumption headwinds in Q2 through Q4. The best measure of our business remains revenue, with subscription revenue less monthly cloud and CRPO as useful supplemental metrics. Q: Ash, can you discuss the recent partnerships with AWS, NVIDIA, and others? How do these partnerships impact Elastic's market position and go-to-market strategy? A: Ashutosh Kulkarni, CEO: We are being recognized as a leading vector database, working with hyperscalers to be a top third-party service. The NVIDIA partnership extends beyond cloud, allowing enterprises to deploy AI solutions internally. These partnerships enhance our marketplace presence, enabling customers to use EDP commitments to purchase Elastic Cloud, and are crucial for our growth. Q: Ash, what's your view on the adoption of retrieval-augmented generation (RAG) architectures, and how is Elastic positioned in this space? A: Ashutosh Kulkarni, CEO: RAG is essential for providing real-time context to language models, especially as enterprise data is dynamic and large. Elastic's vector database is crucial for retrieval in RAG architectures, and we are seeing strong adoption across various use cases, indicating RAG's durability and Elastic's strong positioning. Q: Can you elaborate on the cloud performance this quarter and any factors affecting sequential growth? A: Navam Welihinda, CFO: Cloud performance was strong, but Q4 has three fewer days than other quarters, impacting consumption. When normalized for days, cloud growth is in the mid-20s. We are seeing emerging seasonal patterns, with Q1 typically showing lower sequential growth due to consumption patterns. Q: Ash, how are the go-to-market changes from last year impacting fiscal year '26, and what are the next steps? A: Ashutosh Kulkarni, CEO: The territory changes have settled and are paying off, with significant growth in our $1 million customer cohort. We are not planning major changes for FY26 but will continue hiring sales capacity and adding security sales specialists to capture more of the security platform consolidation opportunity. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
7 days ago
- Business
- Yahoo
Elastic Reports Fourth Quarter and Fiscal 2025 Financial Results
Q4 Revenue of $388 million, up 16% year-over-year (16% in constant currency) Q4 Elastic Cloud Revenue of $182 million, up 23% year-over-year (23% in constant currency) FY25 Revenue of $1.483 billion, up 17% year-over-year (17% in constant currency) SAN FRANCISCO, May 29, 2025--(BUSINESS WIRE)--Elastic (NYSE: ESTC) ("Elastic"), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2025. Fourth Quarter Fiscal 2025 Financial Highlights Total revenue was $388 million, an increase of 16% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $182 million, an increase of 23% year-over-year, as reported and on a constant currency basis GAAP operating loss was $12 million; GAAP operating margin was -3% Non-GAAP operating income was $60 million; non-GAAP operating margin was 15% GAAP net loss per share was $0.16; non-GAAP diluted earnings per share was $0.47 Operating cash flow was $87 million with adjusted free cash flow of $85 million Cash, cash equivalents, and marketable securities were $1.397 billion as of April 30, 2025 Full Fiscal 2025 Financial Highlights Total revenue was $1.483 billion, an increase of 17% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $688 million, an increase of 26% year-over-year, as reported and on a constant currency basis GAAP operating loss was $55 million; GAAP operating margin was -4% Non-GAAP operating income was $225 million; non-GAAP operating margin was 15% GAAP net loss per share was $1.04; non-GAAP diluted earnings per share was $2.04 Operating cash flow was $266 million with adjusted free cash flow of $286 million "Elastic achieved a strong quarter, culminating in a solid finish to the fiscal year," said Ash Kulkarni, Chief Executive Officer, Elastic. "We delivered strong growth, fueled by our sales execution and the persistent demand for our solutions, with our innovation velocity thriving. We exceeded guidance across all revenue and profitability metrics, demonstrating our leadership in Search AI as customers continue to build Generative AI applications and consolidate onto our platform." Fourth Quarter Fiscal 2025 Key Metrics and Recent Business Highlights Key Customer Metrics Total customer count with Annual Contract Value (ACV) greater than $100,000 was over 1,510 compared to over 1,460 in Q3 FY25, and over 1,330 in Q4 FY24 Total subscription customer count was approximately 21,500 compared to approximately 21,350 in Q3 FY25, and approximately 21,000 in Q4 FY24 Net Expansion Rate was approximately 112% Product Innovations and Updates Expanded Elastic Cloud Serverless, now generally available in 1 region on Google Cloud and 4 regions on AWS Introduced Automatic Migration to automate the migration of SIEM detection rules, simplifying the transition to Elastic Security Integrated the Elasticsearch vector database as a native RAG option for Google Cloud's Vertex AI Platform, allowing joint customers to build RAG applications in a single workflow Expanded LLM observability support for Google Cloud's Vertex AI Platform, providing comprehensive visibility into LLM performance Delivered ES|QL Joins functionality in search, observability, and security solutions, allowing customers to combine data from different indices Released general availability of our industry-leading Better Binary Quantization (BBQ) in Elasticsearch to make it an even more efficient and performant vector database, delivering memory reductions while preserving accuracy Released general availability of Elastic Distributions of OpenTelemetry (EDOT), a portfolio of OpenTelemetry (OTel) components designed to improve infrastructure and application monitoring, reinforcing our focus of driving open standards adoption Other Business Highlights Acquired Keep Alerting Ltd, an open source AIOps platform that unifies alerts and automates incident remediation, helping users manage alerts to improve operational efficiency and service reliability Announced a collaboration with NVIDIA to bring Elasticsearch as a recommended vector database for the NVIDIA Enterprise AI Factory and to deliver GPU-accelerated indexing and vector search on Elasticsearch Signed a five-year global Strategic Collaboration Agreement with Amazon Web Services (AWS), deepening our partnership through solution integrations, joint go-to-market and marketing initiatives Awarded two Google Cloud Partner of the Year awards for Artificial Intelligence for our achievements in the Google Cloud ecosystem Engaged with thousands of customers and partners across ElasticONs in Sydney and Singapore, at the Elastic Public Sector Summit in Washington D.C., and the Google Cloud Next industry conference Financial Outlook The Company is providing the following guidance: For the first quarter of fiscal 2026 (ending July 31, 2025): Total revenue is expected to be between $396 million and $398 million, representing 14% year-over-year growth at the midpoint (13% year-over-year constant currency growth at the midpoint) Non-GAAP operating margin is expected to be approximately 11.5% Non-GAAP diluted earnings per share 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 For fiscal 2026 (ending April 30, 2026): Total revenue is expected to be between $1.655 billion and $1.670 billion, representing 12% year-over-year growth at the midpoint (11% year-over-year constant currency growth at the midpoint) Non-GAAP operating margin is expected to be approximately 16% Non-GAAP diluted earnings per share is expected to be between $2.24 and $2.32, assuming between 109.0 million and 111.0 million diluted weighted average ordinary shares outstanding The guidance assumes, among others, the following exchange rates: 1 Euro = 1.120 US Dollars; and 1 Great British Pound = 1.335 US Dollars. See the section titled "Forward-Looking Statements" below for information on the factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. We present historical and forward-looking non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section entitled "Statement Regarding Use of Non-GAAP Financial Measures" below for an explanation of these non-GAAP measures. A reconciliation of forward-looking non-GAAP measures to the corresponding GAAP measures for operating margin and net (loss)/earnings per share is not available without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the costs and expenses that may be incurred in the future. These items necessary to reconcile such non-GAAP measures could be material and have a significant impact on the Company's results computed in accordance with GAAP. Conference Call and Webcast Elastic's executive management team will host a conference call today at 2:00 p.m. PT/5:00 p.m. ET to discuss the Company's financial results and business outlook. A live audio webcast of the conference call will be available through Elastic's Investor Relations website at A presentation containing financial and operating information will be available at the same website. The replay of the webcast will also be available on the investor relations website. About Elastic Elastic (NYSE: ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. Elastic's Search AI Platform — the foundation for its search, observability, and security solutions — is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at Elastic and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners. Forward-Looking Statements This press release contains 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 ending July 31, 2025 and fiscal year ending April 30, 2026, the expected performance or benefits of and demand for our offerings, our product strategy and innovation, performance in the industries in which we operate, and customer use and adoption of our platform. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements due to uncertainties, risks, and changes in circumstances, including but not limited to those related to: our future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operating expenses (which include changes in sales and marketing, research and development and general and administrative expenses), and our ability to achieve and maintain future profitability; our ability to continue to deliver and improve our offerings and develop new offerings (including innovations around AI use cases); customer acceptance and purchase of our new and existing offerings; the expansion and adoption of our Elastic Cloud offerings; our ability to realize value from investments in the business; our ability to maintain and expand our user and customer base; the impact of the evolving macroeconomic and geopolitical environments on our business, operations, hiring and financial results, and on businesses and spending priorities of our customers and partners; the impact of our pricing model strategies on our business; the impact of our licensing model on the use and adoption of our software; the impact of foreign currency exchange rate fluctuations, the uncertain inflation and interest rate environment, and tariffs and other international trade policies on our results; our international expansion strategy; our operating results and cash flows; the sufficiency of our capital resources; our ability to successfully execute our go-to-market strategy; our forecasts regarding our business; and general market, political, economic and business conditions. Any additional or unforeseen effects from the evolving macroeconomic and geopolitical environments may exacerbate these risks. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those expressed or implied in our forward-looking statements are included in our filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K for the fiscal year ended April 30, 2024 and subsequent quarterly and current reports filed with the SEC. SEC filings are available on the Investor Relations section of Elastic's website at and the SEC's website at Elastic assumes no obligation to, and does not currently intend to, update any such forward-looking statements, except as required by law. Statement Regarding Use of Non-GAAP Financial Measures In addition to our results determined in accordance with U.S. generally accepted accounting principles ("GAAP"), we believe the non-GAAP measures discussed below are useful in evaluating our operating performance. We use these non-GAAP financial measures to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. Investors are encouraged to review the differences between GAAP financial measures and the corresponding non-GAAP financial measures, and not to rely on any single financial measure to evaluate our business and financial results. Reconciliations of historical GAAP financial measures to their respective historical non-GAAP financial measures are included below. In relation to constant currency non-GAAP financial measures, the only reconciling item between GAAP financial measures and non-GAAP financial measures is the effect of foreign currency rate fluctuations. Further details on how we calculate such effects can be found in the definition of "Constant Currency" below. Non-GAAP Gross Profit and Non-GAAP Gross Margin We define non-GAAP gross profit and non-GAAP gross margin as GAAP gross profit and GAAP gross margin, respectively, excluding stock-based compensation expense and related employer taxes and amortization of acquired intangible assets. We believe non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance. Non-GAAP Operating Income and Non-GAAP Operating Margin We define non-GAAP operating income and non-GAAP operating margin as GAAP operating loss and GAAP operating margin, respectively, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, and restructuring and other related charges. We believe non-GAAP operating income and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance. Non-GAAP Net Income and Non-GAAP Earnings Per Share We define non-GAAP net income as GAAP (loss)/income, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, restructuring and other related charges, one-time litigation settlements, the related income tax effect of the foregoing adjustments, and the income tax impact from the release of any valuation allowance against deferred tax assets. We define non-GAAP earnings per share, basic, as non-GAAP net income divided by weighted average shares outstanding and non-GAAP earnings per share, diluted, as non-GAAP net income divided by weighted average diluted shares outstanding, which includes the potentially dilutive effect of the company's employee equity incentive plan awards. We believe non-GAAP earnings per share provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this metric generally eliminates the effects of certain variables from period to period for reasons unrelated to overall operating performance. Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin Adjusted free cash flow is a non-GAAP financial measure that we define as net cash provided by operating activities adjusted for cash paid for interest on long-term debt less cash used for investing activities for purchases of property and equipment. Adjusted free cash flow margin is calculated as adjusted free cash flow divided by total revenue. Adjusted free cash flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements. Constant Currency We compare the percent change in certain results from one period to another period using constant currency information to provide a framework for assessing how our business performed excluding the effect of foreign currency rate fluctuations. In presenting this information, current and comparative prior period results are converted into United States dollars at the exchange rates in effect on the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Contact Information Anthony LuscriElastic Investor Relationsir@ Alexia RussellElastic Corporate CommunicationsPR-Team@ Elastic N.V. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Revenue Subscription $ 361,741 $ 310,984 $ 1,384,520 $ 1,176,606 Services 26,691 24,015 98,776 90,715 Total revenue 388,432 334,999 1,483,296 1,267,321 Cost of revenue Subscription 72,092 65,047 282,585 246,285 Services 25,693 22,824 97,288 83,794 Total cost of revenue 97,785 87,871 379,873 330,079 Gross profit 290,647 247,128 1,103,423 937,242 Operating expenses Research and development 94,665 93,951 365,758 341,951 Sales and marketing 161,796 151,628 617,176 559,648 General and administrative 46,206 43,098 175,186 160,628 Restructuring and other related charges — 4,163 225 4,917 Total operating expenses 302,667 292,840 1,158,345 1,067,144 Operating loss (12,020 ) (45,712 ) (54,922 ) (129,902 ) Other income, net Interest expense (5,844 ) (7,109 ) (25,307 ) (26,132 ) Other income, net 13,162 9,171 48,660 33,278 Loss before income taxes (4,702 ) (43,650 ) (31,569 ) (122,756 ) Provision for (benefit from) income taxes 11,679 (2,550 ) 76,545 (184,476 ) Net (loss) income $ (16,381 ) $ (41,100 ) $ (108,114 ) $ 61,720 Net (loss) earnings per share attributable to ordinary shareholders Basic $ (0.16 ) $ (0.41 ) $ (1.04 ) $ 0.62 Diluted $ (0.16 ) $ (0.41 ) $ (1.04 ) $ 0.59 Weighted-average shares used to compute net (loss) earnings per share attributable to ordinary shareholders Basic 105,084,869 101,323,761 103,661,704 99,646,231 Diluted 105,084,869 101,323,761 103,661,704 103,980,132 Elastic N.V. Condensed Consolidated Balance Sheets (in thousands, except share and per share data) (unaudited) As of April 30, 2025 2024 Assets Current assets: Cash and cash equivalents $ 727,543 $ 540,397 Restricted cash 3,671 2,692 Marketable securities 669,717 544,002 Accounts receivable, net of allowance for credit losses of $5,510 and $4,979 as of April 30, 2025 and April 30, 2024, respectively 375,613 323,011 Deferred contract acquisition costs 86,205 78,030 Prepaid expenses and other current assets 68,258 42,765 Total current assets 1,931,007 1,530,897 Property and equipment, net 6,589 5,453 Goodwill 319,417 319,380 Operating lease right-of-use assets 22,334 20,506 Intangible assets, net 11,404 20,620 Deferred contract acquisition costs, non-current 117,762 114,509 Deferred tax assets 168,045 225,544 Other assets 16,295 5,657 Total assets $ 2,592,853 $ 2,242,566 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 17,150 $ 26,075 Accrued expenses and other liabilities 86,347 75,292 Accrued compensation and benefits 93,714 93,691 Operating lease liabilities 8,928 12,187 Deferred revenue 802,117 663,846 Total current liabilities 1,008,256 871,091 Deferred revenue, non-current 50,340 30,293 Long-term debt, net 569,729 568,612 Operating lease liabilities, non-current 16,357 12,898 Other liabilities, non-current 20,937 21,487 Total liabilities 1,665,619 1,504,381 Shareholders' equity: Preference shares, €0.01 par value; 165,000,000 shares authorized, 0 shares issued and outstanding as of April 30, 2025 and April 30, 2024 — — Ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 105,534,887 shares issued and outstanding as of April 30, 2025 and 101,705,935 shares issued and outstanding as of April 30, 2024 1,112 1,070 Treasury stock (369 ) (369 ) Additional paid-in capital 2,049,416 1,750,729 Accumulated other comprehensive loss (23,204 ) (21,638 ) Accumulated deficit (1,099,721 ) (991,607 ) Total shareholders' equity 927,234 738,185 Total liabilities and shareholders' equity $ 2,592,853 $ 2,242,566 Elastic N.V. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Cash flows from operating activities Net (loss) income $ (16,381 ) $ (41,100 ) $ (108,114 ) $ 61,720 Adjustments to reconcile net (loss) income to cash provided by operating activities: Depreciation and amortization 2,291 4,146 12,315 17,999 Amortization of premium and accretion of discount on marketable securities, net (1,401 ) (2,412 ) (7,186 ) (8,808 ) Amortization of deferred contract acquisition costs 25,201 22,157 96,688 78,549 Amortization of debt issuance costs 284 271 1,117 1,069 Non-cash operating lease cost 2,280 2,862 10,040 11,010 Stock-based compensation expense 65,540 62,793 257,782 239,137 Deferred income taxes 1,256 (6,917 ) 57,431 (217,195 ) Unrealized foreign currency transaction loss (gain) 909 (337 ) 2,211 1,930 Other 53 — 39 (34 ) Changes in operating assets and liabilities, net of impact of business acquisitions: Accounts receivable, net (100,440 ) (94,563 ) (48,903 ) (63,519 ) Deferred contract acquisition costs (39,721 ) (45,745 ) (106,691 ) (119,834 ) Prepaid expenses and other current assets (12,414 ) 2,637 (25,320 ) (2,875 ) Other assets (8,075 ) 1,267 (10,794 ) 1,906 Accounts payable 7,758 15,214 (8,952 ) (9,998 ) Accrued expenses and other liabilities 22,645 16,716 9,845 18,144 Accrued compensation and benefits 9,665 15,848 (546 ) 17,357 Operating lease liabilities (2,417 ) (3,295 ) (11,906 ) (12,391 ) Deferred revenue 129,946 111,406 147,112 134,595 Net cash provided by operating activities 86,979 60,948 266,168 148,762 Cash flows from investing activities Purchases of property and equipment (2,117 ) (845 ) (4,345 ) (3,450 ) Business acquisitions, net of cash acquired — (149 ) — (19,100 ) Purchases of marketable securities (160,803 ) (178,560 ) (549,574 ) (536,833 ) Sales, maturities, and redemptions of marketable securities 192,263 121,200 435,251 271,423 Net cash provided by (used in) investing activities 29,343 (58,354 ) (118,668 ) (287,960 ) Cash flows from financing activities Proceeds from issuance of ordinary shares under employee stock purchase plan 12,629 10,024 23,093 19,135 Proceeds from issuance of ordinary shares upon exercise of stock options 9,841 1,429 17,854 20,919 Net cash provided by financing activities 22,470 11,453 40,947 40,054 Effect of exchange rate changes on cash, cash equivalents, and restricted cash 4,815 (625 ) (322 ) (4,407 ) Net increase (decrease) in cash, cash equivalents, and restricted cash 143,607 13,422 188,125 (103,551 ) Cash, cash equivalents, and restricted cash, beginning of period 587,607 529,667 543,089 646,640 Cash, cash equivalents, and restricted cash, end of period $ 731,214 $ 543,089 $ 731,214 $ 543,089 Elastic N.V. Revenue by Type (in thousands, except percentages) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Amount % ofTotalRevenue Amount % ofTotalRevenue Amount % ofTotalRevenue ... Amount % ofTotalRevenue Elastic Cloud $ 181,507 47 % $ 147,980 44 % $ 687,619 46 % $ 547,520 43 % Other subscription 180,234 46 % 163,004 49 % 696,901 47 % 629,086 50 % Total subscription 361,741 93 % 310,984 93 % 1,384,520 93 % 1,176,606 93 % Services 26,691 7 % 24,015 7 % 98,776 7 % 90,715 7 % Total revenue $ 388,432 100 % $ 334,999 100 % $ 1,483,296 100 % $ 1,267,321 100 % Elastic N.V. Reconciliation of GAAP to Non-GAAP Data Supplementary Information (in thousands, except percentages) (unaudited) Three MonthsEnded April 30, 2025 % ChangeYear OverYear % ChangeYear Over YearExcludingCurrency Changes % ChangeQuarterOverQuarter % ChangeQuarter OverQuarter ExcludingCurrency Changes Revenue Elastic Cloud $ 181,507 23 % 23 % 1 % 1 % Other subscription $ 180,234 11 % 11 % 1 % 1 % Total subscription $ 361,741 16 % 17 % 1 % 1 % Total revenue $ 388,432 16 % 16 % 2 % 2 % Total deferred revenue $ 852,457 23 % 21 % 21 % 18 % Total remaining performance obligations $ 1,545,412 14 % 13 % 14 % 12 % Year EndedApril 30, 2025 % ChangeYear OverYear % ChangeYear Over YearExcludingCurrency Changes Revenue Elastic Cloud $ 687,619 26 % 26 % Other subscription $ 696,901 11 % 11 % Total subscription $ 1,384,520 18 % 18 % Total revenue $ 1,483,296 17 % 17 % Elastic N.V. Reconciliation of GAAP to Non-GAAP Data Adjusted Free Cash Flow (in thousands, except percentages) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Net cash provided by operating activities $ 86,979 $ 60,948 $ 266,168 $ 148,762 Less: Purchases of property and equipment (2,117 ) (845 ) (4,345 ) (3,450 ) Add: Interest paid on long-term debt — — 23,719 23,719 Adjusted free cash flow (1) $ 84,862 $ 60,103 $ 285,542 $ 169,031 Net cash provided by (used in) investing activities $ 29,343 $ (58,354 ) $ (118,668 ) $ (287,960 ) Net cash provided by financing activities $ 22,470 $ 11,453 $ 40,947 $ 40,054 Net cash provided by operating activities (as a percentage of total revenue) 22 % 18 % 18 % 12 % Less: Purchases of property and equipment (as a percentage of total revenue) — % — % — % — % Add: Interest paid on long-term debt (as a percentage of total revenue) — % — % 1 % 1 % Adjusted free cash flow margin 22 % 18 % 19 % 13 % (1) Adjusted free cash flow includes cash paid for restructuring and other charges of $3.8 million during the year ended April 30, 2025, and $0.6 million and $2.1 million during the three months and year ended April 30, 2024, respectively. There were no cash payments for restructuring and other charges during the three months ended April 30, 2025. Elastic N.V. Reconciliation of GAAP to Non-GAAP Data (in thousands, except percentages, share and per share data) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Gross Profit Reconciliation: GAAP gross profit $ 290,647 $ 247,128 $ 1,103,423 $ 937,242 Stock-based compensation expense and related employer taxes 6,959 6,260 25,830 22,743 Amortization of acquired intangibles 1,526 3,214 9,213 12,353 Non-GAAP gross profit $ 299,132 $ 256,602 $ 1,138,466 $ 972,338 Gross Margin Reconciliation(1): GAAP gross margin 74.8 % 73.8 % 74.4 % 74.0 % Stock-based compensation expense and related employer taxes 1.8 % 1.9 % 1.7 % 1.8 % Amortization of acquired intangibles 0.4 % 1.0 % 0.6 % 1.0 % Non-GAAP gross margin 77.0 % 76.6 % 76.8 % 76.7 % Operating (Loss) Income Reconciliation: GAAP operating loss $ (12,020 ) $ (45,712 ) $ (54,922 ) $ (129,902 ) Stock-based compensation expense and related employer taxes 69,613 66,895 269,915 250,459 Amortization of acquired intangibles 1,526 3,214 9,213 14,496 Acquisition-related expenses 501 210 682 2,450 Restructuring and other related charges — 4,163 225 4,917 Non-GAAP operating income $ 59,620 $ 28,770 $ 225,113 $ 142,420 Operating Margin Reconciliation(1): GAAP operating margin (3.1 )% (13.6 )% (3.7 )% (10.3 )% Stock-based compensation expense and related employer taxes 17.9 % 20.0 % 18.2 % 19.8 % Amortization of acquired intangibles 0.4 % 1.0 % 0.6 % 1.1 % Acquisition-related expenses 0.1 % 0.1 % — % 0.2 % Restructuring and other related charges — % 1.2 % — % 0.4 % Non-GAAP operating margin 15.3 % 8.6 % 15.2 % 11.2 % Net (Loss) Income Reconciliation: GAAP net (loss) income $ (16,381 ) $ (41,100 ) $ (108,114 ) $ 61,720 Stock-based compensation expense and related employer taxes 69,613 66,895 269,915 250,459 Amortization of acquired intangibles 1,526 3,214 9,213 14,496 Acquisition-related expenses 501 210 682 2,450 Restructuring and other related charges — 4,163 225 4,917 Litigation settlement — (350 ) — (350 ) Income tax effects related to the above adjustments(2) (4,627 ) (6,770 ) 45,916 1,218 Income tax benefit from the release of a valuation allowance against deferred tax assets — (3,886 ) — (211,342 ) Non-GAAP net income $ 50,632 $ 22,376 $ 217,837 $ 123,568 Non-GAAP earnings per share attributable to ordinary shareholders, basic(1) $ 0.48 $ 0.22 $ 2.10 $ 1.24 Non-GAAP earnings per share attributable to ordinary shareholders, diluted(1) $ 0.47 $ 0.21 $ 2.04 $ 1.19 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, basic 105,084,869 101,323,761 103,661,704 99,646,231 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, diluted 107,433,076 105,380,793 106,848,670 103,980,132 (1) Totals may not sum, due to rounding. Gross margin, operating margin, and earnings per share are calculated based upon the respective underlying, non-rounded data. (2) Non-GAAP financial information for the quarter is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. This rate is based on our estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP (loss) income in calculating the non-GAAP financial measures presented above as well as other significant tax adjustments. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. Elastic N.V. Reconciliation of GAAP to Non-GAAP Data (in thousands) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Cost of revenue reconciliation: GAAP subscription $ 72,092 $ 65,047 $ 282,585 $ 246,285 Stock-based compensation expense and related employer taxes (2,683 ) (2,389 ) (10,161 ) (9,378 ) Amortization of acquired intangibles (1,526 ) (3,214 ) (9,213 ) (12,353 ) Non-GAAP subscription $ 67,883 $ 59,444 $ 263,211 $ 224,554 GAAP services $ 25,693 $ 22,824 $ 97,288 $ 83,794 Stock-based compensation expense and related employer taxes (4,276 ) (3,871 ) (15,669 ) (13,365 ) Non-GAAP services $ 21,417 $ 18,953 $ 81,619 $ 70,429 Operating expenses reconciliation: GAAP research and development expense $ 94,665 $ 93,951 $ 365,758 $ 341,951 Stock-based compensation expense and related employer taxes (25,781 ) (26,218 ) (102,180 ) (98,174 ) Acquisition-related expenses — (210 ) (76 ) (1,385 ) Non-GAAP research and development expense $ 68,884 $ 67,523 $ 263,502 $ 242,392 GAAP sales and marketing expense $ 161,796 $ 151,628 $ 617,176 $ 559,648 Stock-based compensation expense and related employer taxes (24,144 ) (22,482 ) (90,973 ) (82,023 ) Amortization of acquired intangibles — — — (2,143 ) Non-GAAP sales and marketing expenses $ 137,652 $ 129,146 $ 526,203 $ 475,482 GAAP general and administrative expense $ 46,206 $ 43,098 $ 175,186 $ 160,628 Stock-based compensation expense and related employer taxes (12,729 ) (11,935 ) (50,932 ) (47,519 ) Acquisition-related expenses (501 ) — (606 ) (1,065 ) Non-GAAP general and administrative expense $ 32,976 $ 31,163 $ 123,648 $ 112,044 View source version on Contacts Anthony Luscri Elastic Investor Relationsir@ Alexia Russell Elastic Corporate CommunicationsPR-Team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
7 days ago
- Business
- Business Wire
Elastic Reports Fourth Quarter and Fiscal 2025 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)-- Elastic (NYSE: ESTC) ('Elastic'), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2025. Fourth Quarter Fiscal 2025 Financial Highlights Total revenue was $388 million, an increase of 16% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $182 million, an increase of 23% year-over-year, as reported and on a constant currency basis GAAP operating loss was $12 million; GAAP operating margin was -3% Non-GAAP operating income was $60 million; non-GAAP operating margin was 15% GAAP net loss per share was $0.16; non-GAAP diluted earnings per share was $0.47 Operating cash flow was $87 million with adjusted free cash flow of $85 million Cash, cash equivalents, and marketable securities were $1.397 billion as of April 30, 2025 Full Fiscal 2025 Financial Highlights Total revenue was $1.483 billion, an increase of 17% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $688 million, an increase of 26% year-over-year, as reported and on a constant currency basis GAAP operating loss was $55 million; GAAP operating margin was -4% Non-GAAP operating income was $225 million; non-GAAP operating margin was 15% GAAP net loss per share was $1.04; non-GAAP diluted earnings per share was $2.04 Operating cash flow was $266 million with adjusted free cash flow of $286 million 'Elastic achieved a strong quarter, culminating in a solid finish to the fiscal year,' said Ash Kulkarni, Chief Executive Officer, Elastic. 'We delivered strong growth, fueled by our sales execution and the persistent demand for our solutions, with our innovation velocity thriving. We exceeded guidance across all revenue and profitability metrics, demonstrating our leadership in Search AI as customers continue to build Generative AI applications and consolidate onto our platform.' Fourth Quarter Fiscal 2025 Key Metrics and Recent Business Highlights Key Customer Metrics Total customer count with Annual Contract Value (ACV) greater than $100,000 was over 1,510 compared to over 1,460 in Q3 FY25, and over 1,330 in Q4 FY24 Total subscription customer count was approximately 21,500 compared to approximately 21,350 in Q3 FY25, and approximately 21,000 in Q4 FY24 Net Expansion Rate was approximately 112% Product Innovations and Updates Expanded Elastic Cloud Serverless, now generally available in 1 region on Google Cloud and 4 regions on AWS Introduced Automatic Migration to automate the migration of SIEM detection rules, simplifying the transition to Elastic Security Integrated the Elasticsearch vector database as a native RAG option for Google Cloud's Vertex AI Platform, allowing joint customers to build RAG applications in a single workflow Expanded LLM observability support for Google Cloud's Vertex AI Platform, providing comprehensive visibility into LLM performance Delivered ES|QL Joins functionality in search, observability, and security solutions, allowing customers to combine data from different indices Released general availability of our industry-leading Better Binary Quantization (BBQ) in Elasticsearch to make it an even more efficient and performant vector database, delivering memory reductions while preserving accuracy Released general availability of Elastic Distributions of OpenTelemetry (EDOT), a portfolio of OpenTelemetry (OTel) components designed to improve infrastructure and application monitoring, reinforcing our focus of driving open standards adoption Other Business Highlights Acquired Keep Alerting Ltd, an open source AIOps platform that unifies alerts and automates incident remediation, helping users manage alerts to improve operational efficiency and service reliability Announced a collaboration with NVIDIA to bring Elasticsearch as a recommended vector database for the NVIDIA Enterprise AI Factory and to deliver GPU-accelerated indexing and vector search on Elasticsearch Signed a five-year global Strategic Collaboration Agreement with Amazon Web Services (AWS), deepening our partnership through solution integrations, joint go-to-market and marketing initiatives Awarded two Google Cloud Partner of the Year awards for Artificial Intelligence for our achievements in the Google Cloud ecosystem Engaged with thousands of customers and partners across ElasticONs in Sydney and Singapore, at the Elastic Public Sector Summit in Washington D.C., and the Google Cloud Next industry conference Financial Outlook The Company is providing the following guidance: For the first quarter of fiscal 2026 (ending July 31, 2025): Total revenue is expected to be between $396 million and $398 million, representing 14% year-over-year growth at the midpoint (13% year-over-year constant currency growth at the midpoint) Non-GAAP operating margin is expected to be approximately 11.5% Non-GAAP diluted earnings per share 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 For fiscal 2026 (ending April 30, 2026): Total revenue is expected to be between $1.655 billion and $1.670 billion, representing 12% year-over-year growth at the midpoint (11% year-over-year constant currency growth at the midpoint) Non-GAAP operating margin is expected to be approximately 16% Non-GAAP diluted earnings per share is expected to be between $2.24 and $2.32, assuming between 109.0 million and 111.0 million diluted weighted average ordinary shares outstanding The guidance assumes, among others, the following exchange rates: 1 Euro = 1.120 US Dollars; and 1 Great British Pound = 1.335 US Dollars. See the section titled 'Forward-Looking Statements' below for information on the factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. We present historical and forward-looking non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section entitled 'Statement Regarding Use of Non-GAAP Financial Measures' below for an explanation of these non-GAAP measures. A reconciliation of forward-looking non-GAAP measures to the corresponding GAAP measures for operating margin and net (loss)/earnings per share is not available without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the costs and expenses that may be incurred in the future. These items necessary to reconcile such non-GAAP measures could be material and have a significant impact on the Company's results computed in accordance with GAAP. Conference Call and Webcast Elastic's executive management team will host a conference call today at 2:00 p.m. PT/5:00 p.m. ET to discuss the Company's financial results and business outlook. A live audio webcast of the conference call will be available through Elastic's Investor Relations website at A presentation containing financial and operating information will be available at the same website. The replay of the webcast will also be available on the investor relations website. About Elastic Elastic (NYSE: ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. Elastic's Search AI Platform — the foundation for its search, observability, and security solutions — is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at Elastic and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners. Forward-Looking Statements This press release contains 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 ending July 31, 2025 and fiscal year ending April 30, 2026, the expected performance or benefits of and demand for our offerings, our product strategy and innovation, performance in the industries in which we operate, and customer use and adoption of our platform. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements due to uncertainties, risks, and changes in circumstances, including but not limited to those related to: our future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operating expenses (which include changes in sales and marketing, research and development and general and administrative expenses), and our ability to achieve and maintain future profitability; our ability to continue to deliver and improve our offerings and develop new offerings (including innovations around AI use cases); customer acceptance and purchase of our new and existing offerings; the expansion and adoption of our Elastic Cloud offerings; our ability to realize value from investments in the business; our ability to maintain and expand our user and customer base; the impact of the evolving macroeconomic and geopolitical environments on our business, operations, hiring and financial results, and on businesses and spending priorities of our customers and partners; the impact of our pricing model strategies on our business; the impact of our licensing model on the use and adoption of our software; the impact of foreign currency exchange rate fluctuations, the uncertain inflation and interest rate environment, and tariffs and other international trade policies on our results; our international expansion strategy; our operating results and cash flows; the sufficiency of our capital resources; our ability to successfully execute our go-to-market strategy; our forecasts regarding our business; and general market, political, economic and business conditions. Any additional or unforeseen effects from the evolving macroeconomic and geopolitical environments may exacerbate these risks. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those expressed or implied in our forward-looking statements are included in our filings with the Securities and Exchange Commission (the 'SEC'), including our Annual Report on Form 10-K for the fiscal year ended April 30, 2024 and subsequent quarterly and current reports filed with the SEC. SEC filings are available on the Investor Relations section of Elastic's website at and the SEC's website at Elastic assumes no obligation to, and does not currently intend to, update any such forward-looking statements, except as required by law. Statement Regarding Use of Non-GAAP Financial Measures In addition to our results determined in accordance with U.S. generally accepted accounting principles ('GAAP'), we believe the non-GAAP measures discussed below are useful in evaluating our operating performance. We use these non-GAAP financial measures to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. Investors are encouraged to review the differences between GAAP financial measures and the corresponding non-GAAP financial measures, and not to rely on any single financial measure to evaluate our business and financial results. Reconciliations of historical GAAP financial measures to their respective historical non-GAAP financial measures are included below. In relation to constant currency non-GAAP financial measures, the only reconciling item between GAAP financial measures and non-GAAP financial measures is the effect of foreign currency rate fluctuations. Further details on how we calculate such effects can be found in the definition of 'Constant Currency' below. Non-GAAP Gross Profit and Non-GAAP Gross Margin We define non-GAAP gross profit and non-GAAP gross margin as GAAP gross profit and GAAP gross margin, respectively, excluding stock-based compensation expense and related employer taxes and amortization of acquired intangible assets. We believe non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance. Non-GAAP Operating Income and Non-GAAP Operating Margin We define non-GAAP operating income and non-GAAP operating margin as GAAP operating loss and GAAP operating margin, respectively, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, and restructuring and other related charges. We believe non-GAAP operating income and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance. Non-GAAP Net Income and Non-GAAP Earnings Per Share We define non-GAAP net income as GAAP (loss)/income, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, restructuring and other related charges, one-time litigation settlements, the related income tax effect of the foregoing adjustments, and the income tax impact from the release of any valuation allowance against deferred tax assets. We define non-GAAP earnings per share, basic, as non-GAAP net income divided by weighted average shares outstanding and non-GAAP earnings per share, diluted, as non-GAAP net income divided by weighted average diluted shares outstanding, which includes the potentially dilutive effect of the company's employee equity incentive plan awards. We believe non-GAAP earnings per share provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this metric generally eliminates the effects of certain variables from period to period for reasons unrelated to overall operating performance. Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin Adjusted free cash flow is a non-GAAP financial measure that we define as net cash provided by operating activities adjusted for cash paid for interest on long-term debt less cash used for investing activities for purchases of property and equipment. Adjusted free cash flow margin is calculated as adjusted free cash flow divided by total revenue. Adjusted free cash flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements. Constant Currency We compare the percent change in certain results from one period to another period using constant currency information to provide a framework for assessing how our business performed excluding the effect of foreign currency rate fluctuations. In presenting this information, current and comparative prior period results are converted into United States dollars at the exchange rates in effect on the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Contact Information Anthony Luscri Elastic Investor Relations ir@ Alexia Russell Elastic Corporate Communications PR-Team@ Elastic N.V. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Revenue Subscription $ 361,741 $ 310,984 $ 1,384,520 $ 1,176,606 Services 26,691 24,015 98,776 90,715 Total revenue 388,432 334,999 1,483,296 1,267,321 Cost of revenue Subscription 72,092 65,047 282,585 246,285 Services 25,693 22,824 97,288 83,794 Total cost of revenue 97,785 87,871 379,873 330,079 Gross profit 290,647 247,128 1,103,423 937,242 Operating expenses Research and development 94,665 93,951 365,758 341,951 Sales and marketing 161,796 151,628 617,176 559,648 General and administrative 46,206 43,098 175,186 160,628 Restructuring and other related charges — 4,163 225 4,917 Total operating expenses 302,667 292,840 1,158,345 1,067,144 Operating loss (12,020 ) (45,712 ) (54,922 ) (129,902 ) Other income, net Interest expense (5,844 ) (7,109 ) (25,307 ) (26,132 ) Other income, net 13,162 9,171 48,660 33,278 Loss before income taxes (4,702 ) (43,650 ) (31,569 ) (122,756 ) Provision for (benefit from) income taxes 11,679 (2,550 ) 76,545 (184,476 ) Net (loss) income $ (16,381 ) $ (41,100 ) $ (108,114 ) $ 61,720 Net (loss) earnings per share attributable to ordinary shareholders Basic $ (0.16 ) $ (0.41 ) $ (1.04 ) $ 0.62 Diluted $ (0.16 ) $ (0.41 ) $ (1.04 ) $ 0.59 Weighted-average shares used to compute net (loss) earnings per share attributable to ordinary shareholders Basic 105,084,869 101,323,761 103,661,704 99,646,231 Diluted 105,084,869 101,323,761 103,661,704 103,980,132 Expand Elastic N.V. Condensed Consolidated Balance Sheets (in thousands, except share and per share data) (unaudited) 2025 2024 Assets Current assets: Cash and cash equivalents $ 727,543 $ 540,397 Restricted cash 3,671 2,692 Marketable securities 669,717 544,002 Accounts receivable, net of allowance for credit losses of $5,510 and $4,979 as of April 30, 2025 and April 30, 2024, respectively 375,613 323,011 Deferred contract acquisition costs 86,205 78,030 Prepaid expenses and other current assets 68,258 42,765 Total current assets 1,931,007 1,530,897 Property and equipment, net 6,589 5,453 Goodwill 319,417 319,380 Operating lease right-of-use assets 22,334 20,506 Intangible assets, net 11,404 20,620 Deferred contract acquisition costs, non-current 117,762 114,509 Deferred tax assets 168,045 225,544 Other assets 16,295 5,657 Total assets $ 2,592,853 $ 2,242,566 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 17,150 $ 26,075 Accrued expenses and other liabilities 86,347 75,292 Accrued compensation and benefits 93,714 93,691 Operating lease liabilities 8,928 12,187 Deferred revenue 802,117 663,846 Total current liabilities 1,008,256 871,091 Deferred revenue, non-current 50,340 30,293 Long-term debt, net 569,729 568,612 Operating lease liabilities, non-current 16,357 12,898 Other liabilities, non-current 20,937 21,487 Total liabilities 1,665,619 1,504,381 Shareholders' equity: Preference shares, €0.01 par value; 165,000,000 shares authorized, 0 shares issued and outstanding as of April 30, 2025 and April 30, 2024 — — Ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 105,534,887 shares issued and outstanding as of April 30, 2025 and 101,705,935 shares issued and outstanding as of April 30, 2024 1,112 1,070 Treasury stock (369 ) (369 ) Additional paid-in capital 2,049,416 1,750,729 Accumulated other comprehensive loss (23,204 ) (21,638 ) Accumulated deficit (1,099,721 ) (991,607 ) Total shareholders' equity 927,234 738,185 Total liabilities and shareholders' equity $ 2,592,853 $ 2,242,566 Expand Elastic N.V. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Cash flows from operating activities Net (loss) income $ (16,381 ) $ (41,100 ) $ (108,114 ) $ 61,720 Adjustments to reconcile net (loss) income to cash provided by operating activities: Depreciation and amortization 2,291 4,146 12,315 17,999 Amortization of premium and accretion of discount on marketable securities, net (1,401 ) (2,412 ) (7,186 ) (8,808 ) Amortization of deferred contract acquisition costs 25,201 22,157 96,688 78,549 Amortization of debt issuance costs 284 271 1,117 1,069 Non-cash operating lease cost 2,280 2,862 10,040 11,010 Stock-based compensation expense 65,540 62,793 257,782 239,137 Deferred income taxes 1,256 (6,917 ) 57,431 (217,195 ) Unrealized foreign currency transaction loss (gain) 909 (337 ) 2,211 1,930 Other 53 — 39 (34 ) Changes in operating assets and liabilities, net of impact of business acquisitions: Accounts receivable, net (100,440 ) (94,563 ) (48,903 ) (63,519 ) Deferred contract acquisition costs (39,721 ) (45,745 ) (106,691 ) (119,834 ) Prepaid expenses and other current assets (12,414 ) 2,637 (25,320 ) (2,875 ) Other assets (8,075 ) 1,267 (10,794 ) 1,906 Accounts payable 7,758 15,214 (8,952 ) (9,998 ) Accrued expenses and other liabilities 22,645 16,716 9,845 18,144 Accrued compensation and benefits 9,665 15,848 (546 ) 17,357 Operating lease liabilities (2,417 ) (3,295 ) (11,906 ) (12,391 ) Deferred revenue 129,946 111,406 147,112 134,595 Net cash provided by operating activities 86,979 60,948 266,168 148,762 Cash flows from investing activities Purchases of property and equipment (2,117 ) (845 ) (4,345 ) (3,450 ) Business acquisitions, net of cash acquired — (149 ) — (19,100 ) Purchases of marketable securities (160,803 ) (178,560 ) (549,574 ) (536,833 ) Sales, maturities, and redemptions of marketable securities 192,263 121,200 435,251 271,423 Net cash provided by (used in) investing activities 29,343 (58,354 ) (118,668 ) (287,960 ) Cash flows from financing activities Proceeds from issuance of ordinary shares under employee stock purchase plan 12,629 10,024 23,093 19,135 Proceeds from issuance of ordinary shares upon exercise of stock options 9,841 1,429 17,854 20,919 Net cash provided by financing activities 22,470 11,453 40,947 40,054 Effect of exchange rate changes on cash, cash equivalents, and restricted cash 4,815 (625 ) (322 ) (4,407 ) Net increase (decrease) in cash, cash equivalents, and restricted cash 143,607 13,422 188,125 (103,551 ) Cash, cash equivalents, and restricted cash, beginning of period 587,607 529,667 543,089 646,640 Cash, cash equivalents, and restricted cash, end of period $ 731,214 $ 543,089 $ 731,214 $ 543,089 Expand Elastic N.V. Reconciliation of GAAP to Non-GAAP Data Adjusted Free Cash Flow (in thousands, except percentages) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Net cash provided by operating activities $ 86,979 $ 60,948 $ 266,168 $ 148,762 Less: Purchases of property and equipment (2,117 ) (845 ) (4,345 ) (3,450 ) Add: Interest paid on long-term debt — — 23,719 23,719 Adjusted free cash flow (1) $ 84,862 $ 60,103 $ 285,542 $ 169,031 Net cash provided by (used in) investing activities $ 29,343 $ (58,354 ) $ (118,668 ) $ (287,960 ) Net cash provided by financing activities $ 22,470 $ 11,453 $ 40,947 $ 40,054 Net cash provided by operating activities (as a percentage of total revenue) 22 % 18 % 18 % 12 % Less: Purchases of property and equipment (as a percentage of total revenue) — % — % — % — % Add: Interest paid on long-term debt (as a percentage of total revenue) — % — % 1 % 1 % Adjusted free cash flow margin 22 % 18 % 19 % 13 % Expand (1) Adjusted free cash flow includes cash paid for restructuring and other charges of $3.8 million during the year ended April 30, 2025, and $0.6 million and $2.1 million during the three months and year ended April 30, 2024, respectively. There were no cash payments for restructuring and other charges during the three months ended April 30, 2025. Expand Elastic N.V. Reconciliation of GAAP to Non-GAAP Data (in thousands, except percentages, share and per share data) (unaudited) Three Months Ended April 30, Year Ended April 30, 2025 2024 2025 2024 Gross Profit Reconciliation: GAAP gross profit $ 290,647 $ 247,128 $ 1,103,423 $ 937,242 Stock-based compensation expense and related employer taxes 6,959 6,260 25,830 22,743 Amortization of acquired intangibles 1,526 3,214 9,213 12,353 Non-GAAP gross profit $ 299,132 $ 256,602 $ 1,138,466 $ 972,338 Gross Margin Reconciliation (1): GAAP gross margin 74.8 % 73.8 % 74.4 % 74.0 % Stock-based compensation expense and related employer taxes 1.8 % 1.9 % 1.7 % 1.8 % Amortization of acquired intangibles 0.4 % 1.0 % 0.6 % 1.0 % Non-GAAP gross margin 77.0 % 76.6 % 76.8 % 76.7 % Operating (Loss) Income Reconciliation: GAAP operating loss $ (12,020 ) $ (45,712 ) $ (54,922 ) $ (129,902 ) Stock-based compensation expense and related employer taxes 69,613 66,895 269,915 250,459 Amortization of acquired intangibles 1,526 3,214 9,213 14,496 Acquisition-related expenses 501 210 682 2,450 Restructuring and other related charges — 4,163 225 4,917 Non-GAAP operating income $ 59,620 $ 28,770 $ 225,113 $ 142,420 Operating Margin Reconciliation (1): GAAP operating margin (3.1 )% (13.6 )% (3.7 )% (10.3 )% Stock-based compensation expense and related employer taxes 17.9 % 20.0 % 18.2 % 19.8 % Amortization of acquired intangibles 0.4 % 1.0 % 0.6 % 1.1 % Acquisition-related expenses 0.1 % 0.1 % — % 0.2 % Restructuring and other related charges — % 1.2 % — % 0.4 % Non-GAAP operating margin 15.3 % 8.6 % 15.2 % 11.2 % Net (Loss) Income Reconciliation: GAAP net (loss) income $ (16,381 ) $ (41,100 ) $ (108,114 ) $ 61,720 Stock-based compensation expense and related employer taxes 69,613 66,895 269,915 250,459 Amortization of acquired intangibles 1,526 3,214 9,213 14,496 Acquisition-related expenses 501 210 682 2,450 Restructuring and other related charges — 4,163 225 4,917 Litigation settlement — (350 ) — (350 ) Income tax effects related to the above adjustments (2) (4,627 ) (6,770 ) 45,916 1,218 Income tax benefit from the release of a valuation allowance against deferred tax assets — (3,886 ) — (211,342 ) Non-GAAP net income $ 50,632 $ 22,376 $ 217,837 $ 123,568 Non-GAAP earnings per share attributable to ordinary shareholders, basic (1) $ 0.48 $ 0.22 $ 2.10 $ 1.24 Non-GAAP earnings per share attributable to ordinary shareholders, diluted (1) $ 0.47 $ 0.21 $ 2.04 $ 1.19 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, basic 105,084,869 101,323,761 103,661,704 99,646,231 Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, diluted 107,433,076 105,380,793 106,848,670 103,980,132 Expand (1) Totals may not sum, due to rounding. Gross margin, operating margin, and earnings per share are calculated based upon the respective underlying, non-rounded data. (2) Non-GAAP financial information for the quarter is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. This rate is based on our estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP (loss) income in calculating the non-GAAP financial measures presented above as well as other significant tax adjustments. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. Expand
Yahoo
12-05-2025
- Business
- Yahoo
IT Operations Management Software Market to Reach USD 134.98 Billion by 2032, Owing to a Surge in Cloud-Based Infrastructure Adoption
The rising need for agile, automated IT infrastructure and the integration of AI in operations management is fueling market expansion. Pune, May 12, 2025 (GLOBE NEWSWIRE) -- IT Operations Management Software Market Size Analysis: 'The SNS Insider report indicates the IT Operations Management Software Market size was valued at USD 52.34 billion in 2023 and is estimated to reach USD 134.98 billion by 2032, growing at a robust CAGR of 11.17% during the forecast period from 2024 to 2032.'Get a Sample Report of IT Operations Management Software Market@ Major Players Analysis Listed in this Report are: BMC Software, Inc. (BMC Helix, TrueSight) Cisco Systems, Inc. (Cisco Prime Infrastructure, Cisco DNA Center) Elasticsearch B.V. (Elastic Stack, Elastic Cloud) Freshworks Inc. (Freshservice, Freshdesk) IBM Corporation (IBM Tivoli, IBM Netcool) Microsoft (System Center, Azure Monitor) ServiceNow (ServiceNow ITOM, ServiceNow ITSM) SolarWinds Worldwide, LLC. (SolarWinds Network Performance Monitor, SolarWinds Server & Application Monitor) Splunk Inc. (Splunk Enterprise, Splunk IT Service Intelligence) Zoho Corporation Pvt. Ltd. (Zoho Creator, Zoho Analytics) Broadcom (CA Unified Infrastructure Management, CA APM) Open Text Corporation (OpenText Content Suite, OpenText Magellan) Dynatrace LLC (Dynatrace Software, Dynatrace Real User Monitoring) New Relic, Inc. (New Relic One, New Relic APM) Datadog (Datadog Infrastructure Monitoring, Datadog APM) Hewlett Packard Enterprise Development LP (HPE OneView, HPE Operations Orchestration) Dell Inc. (Dell EMC OpenManage, Dell Technologies Cloud) PagerDuty, Inc. (PagerDuty Incident Response, PagerDuty Event Intelligence) ScienceLogic (ScienceLogic SL1, ScienceLogic AIOps) IT Operations Management Software Market Report Scope: Report Attributes Details Market Size in 2023 US$ 52.34 Billion Market Size by 2032 US$ 134.98 Billion CAGR CAGR of 11.17% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Regional Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) Key Growth Drivers Managing Complex Multi-Cloud and Hybrid IT Environments Drives Demand for Advanced Operations Management Solutions. The U.S. IT Operations Management Software Market reached a valuation of USD 15.36 billion in 2023 and is anticipated to grow to USD 39.81 billion by 2032, registering a CAGR of 11.16% from 2024 to growth is driven by the increasing adoption of cloud computing, AI, and big data analytics, as well as the presence of leading ITOM software providers like IBM, Microsoft, and ServiceNow. By Enterprise Size: Large Enterprises Lead While SMEs Set the Pace in Growth The Large Enterprises segment dominated the market in 2023 and accounted for 74% of revenue share, owing to the size and complexity of IT landscapes that demand advanced management and operational control capability. These types of enterprises rely on integrated platforms that help them to automate monitoring, security, configuration, and compliance. When it has ostensibly become increasingly critical to keep operations running and make the most of what resources are available, ITOM tools provide greater visibility and command. Moreover, these platforms contribute to fewer downtimes, higher productivity, and lower total cost of ownership. The Small & Medium Enterprises are anticipated to experience the fastest CAGR during the forecast period. This rapid growth is driven by the ever-increasing availability of affordable cloud-based ITOM solutions. Since most SMEs find it challenging to maintain an in-house IT team, they are utilizing these tools to automate the critical functions like performance, incident resolution, and configuration management. Besides, these solutions are very flexible and scalable which means SMEs can react quickly to changing operational requirements and customer needs. By Deployment: Cloud Deployment Dominates, While On-Premise Shows Speedy Uptake The cloud segment dominated the market and accounted for 70% of the revenue share. Cloud-based ITOM solutions are one of the widely adopted options because of their scalability, flexibility, and cost efficiency. Rapid deployment, lowered infrastructure costs, and zero-downtime updates to enterprises. Tools that provide visibility across multi-cloud and hybrid environments, a must-have for modern digital businesses. The on-premises segment is expected to register the fastest CAGR during the forecast period. Even though cloud solutions are gaining a lot of traction, there are still areas such as finance, healthcare, and government ones that require on-premise implementations due to data sovereignty, regulations, compliance, and security. Private cloud and edge computing are developing on-premise ITOM, which are high on performance, tailored to very specific requirements provide greater control over highly sensitive data. This explains its renewed popularity in organizations where security is a prime concern. By Vertical: IT & Telecom Dominates; Retail & E-Commerce Grows Fastest The IT & Telecom segment dominated the market and accounted for 24% of revenue share, owing to the requirement of the sector for strong and continuous IT services. These organizations are in a highly dynamic, technology-intensive environment having a tremendous need to constantly optimize the system. IT Operations Management software helps to automate all these tasks and manage large networks, and ensure the availability of services. AI and machine learning for on-the-spot analysis and proactive issue resolution empower IT & Telecom players to keep service levels high and operational costs low. The retail & e-commerce segment is expected to register the fastest CAGR during the forecast period. Such growth is based on the rapid digital shift of how consumers are shopping and the need for online systems to be running at all times. ITOM solutions assist these organizations in tracking digital storefronts, managing the complexities of omnichannel infrastructures, and aiding firms in ensuring consistency in the overall customer experience. Do you have any specific queries or need any customization research on IT Operations Management Software Market, Request to Analyst@ IT Operations Management Software Market Segmentation: By Enterprise Size Large Enterprises Small & Medium Enterprises (SMEs) By Vertical BFSI Healthcare Retail & E-Commerce IT & Telecom Energy & Utilities Government & Public Sector Others By Deployment Cloud On-Premises Key Regional Insights: North America Leads, Asia-Pacific to Witness Highest Growth In 2023, North America dominated the IT Operations Management Software Market and accounted for 24% of revenue share, due to the early adoption of sophisticated IT infrastructure, as well as the presence of major tech companies and increasing demand for automation. With the focus on cloud computing, cybersecurity, and AI-enabled ITOM tools, the U.S. is leading in the regional market, which will maintain its prominence in the forecast timeframe. Asia-Pacific is predicted to have the fastest CAGR during the forecast period. Major factors include rapid digitalization, increased IT investments, and the increasing number of SMEs in countries like China, India, and Japan. Additionally, the projects which require e-governance, smart cities, and the tech startups are boosting the demand for scalable and cost-efficient ITOM tools throughout the region. Recent Developments in the IT Operations Management Software Market – 2024 In February 2024, ServiceNow introduced enhanced AI-driven features for its ITOM suite, including Now Assist, which leverages generative AI to provide alert analyses in Event Management, improving incident prediction and root cause analysis capabilities. In March 2024, following its acquisition by Cisco, Splunk unveiled new observability tools integrated with its ITOM platform, enhancing real-time visibility for hybrid environments. In January 2024, BMC Software launched HelixGPT, an AI-powered virtual assistant for IT operations, embedding generative AI into ITOM workflows to accelerate troubleshooting and enrich the operator of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. IT Operations Management Software Market Segmentation, By Enterprise Size 8. IT Operations Management Software Market Segmentation, By Deployment 9. IT Operations Management Software Market Segmentation, By Vertical 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practices 13. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Related Reports: Construction Estimating Software Market Corporate Social Responsibility Software Market Camp Management Software Market Digital Accessibility Software Market Harbor Management Software Market CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-03-2025
- Business
- Yahoo
Tech Sell-Off: 1 Spectacular Artificial Intelligence (AI) Stock Down 46% You Might Wish You Had Bought on the Dip
The stock market has been in the middle of a sell-off, and the technology industry is bearing the brunt of the downside. At the time of this writing, the tech-heavy Nasdaq Composite was down 11% from its all-time high, whereas the more diversified S&P 500 index has declined by 7%. Throughout history, the U.S. stock market has always climbed to new highs over time, which means corrections can be fantastic buying opportunities. Investors looking for an artificial intelligence (AI) stock at a discount might want to consider Elastic N.V. (NYSE: ESTC). It trades at an attractive valuation, especially in light of the company's strong financial results of late. Elastic stock is down from its 2025 peak, and it's still trading 46% below its record high, which was set during the tech frenzy in 2021. Here's why investors might wish they had bought the dip when they look back on this moment in a few years' time. Elastic estimates around 480 exabytes of data will be generated every single day in 2025. For context, one exabyte is equal to 1 million terabytes, so we're talking about mountains of digital information. It's a consequence of more businesses shifting their operations online, where every employee, customer, and transaction creates new data. Elastic has created a tool called Elasticsearch, which is like a search engine for an organization's internal data. Rather than sifting through thousands of documents to find a piece of information, an employee can simply enter a query into Elasticsearch, which should find it instantly. It's also a powerful addition to a company's e-commerce website, because it allows customers to find the products they need more quickly via the search function. The Elasticsearch Relevance Engine (ESRE) introduces AI into the traditional Elasticsearch tool. This means it's far better at understanding natural language, so it can produce accurate information even if employees or customers are struggling to convey exactly what they are trying to find. Plus, it understands semantics -- the meaning of words and phrases -- adding a new dimension to the search experience. This can be really powerful. If you were about to embark on a do-it-yourself project in your backyard, you would normally run several Google searches to find products and instructions. However, if your local hardware store's website uses ESRE, you can simply tell it what you're building and provide the measurements, and it will present you with all of the products and tools you need to complete it. From there, you can instantly create a complete shopping cart and check out with a few clicks, saving you a significant amount of time -- almost no Googling required. Elastic generated a record $382 million in total revenue during its fiscal 2025 third quarter (ended Jan. 31), a 17% increase from the year-ago period. Elastic Cloud contributed $180 million to that total figure, and it grew at an even faster rate of 26%. Using Elastic Cloud to deploy tools like Elasticsearch is becoming a popular choice compared to the on-premise or self-managed version, because Elastic hosts the software on the customer's behalf. This means the company handles all server infrastructure, software updates, backups, and security, which creates a seamless experience for the end user. Elastic's strong third-quarter results are even more impressive when you consider the company carefully managed its expenses to improve its profitability. It still generated a small operating loss of $4.6 million on the basis of generally accepted accounting principles (GAAP), but that was an 82% reduction from the $26.6 million operating loss from the year-ago period. On an adjusted (non-GAAP) basis, which strips out one-off and noncash expenses, Elastic actually generated an operating profit of $64 million. That translated to a $67.1 million profit at the bottom line, a 78% increase from the prior-year quarter. Achieving consistent profitability will help Elastic create a more sustainable business for the long term, which should translate into steady returns for investors with less volatility. Since Elastic isn't consistently profitable on a GAAP basis yet, we can't use the traditional price-to-earnings ratio (P/E) to value its stock. However, we can use the price-to-sales ratio (P/S) instead, which divides a company's market capitalization by its trailing-12-month revenue. Elastic stock currently trades at a P/S of 7.2, a 45% discount to its long-term average of 13.1 dating back to when the company went public in 2018: Valuation might also be one reason Wall Street is bullish on Elastic's prospects. The Wall Street Journal tracks 29 analysts who cover the stock, and 19 have assigned it the highest-possible buy rating. Two others are in the overweight (bullish) camp, and eight recommend holding. Not a single analyst recommends selling. Plus, their average price target is $136.26, which implies a potential upside of 40% over the next 12 to 18 months. The Street-high target of $160 suggests the stock might even soar by 65% instead. As a result, investors who are looking for an opportunity in the AI space amid the recent stock market turbulence might want to consider adding Elastic to their portfolio. Before you buy stock in Elastic, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Elastic wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $672,177!* Now, it's worth noting Stock Advisor's total average return is 815% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 24, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool recommends Elastic. The Motley Fool has a disclosure policy. Tech Sell-Off: 1 Spectacular Artificial Intelligence (AI) Stock Down 46% You Might Wish You Had Bought on the Dip was originally published by The Motley Fool Sign in to access your portfolio
