#Elastic Q2 FY25 #EarningsReport Summary | $ESTC (-2.55%)

In this quarter, Elastic exceeded guidance on revenue and profitability, driven by strong cloud adoption, innovation in GenAI applications, and continued customer growth. The company also announced a CFO transition amid steady operational performance.

📊 Income Statement Highlights (vs. Q2 FY24):

▫️ Net Loss: -$25.45M vs. -$24.80M (-2.82%)

▫️ Total Revenue: $365.36M vs. $310.61M (+18.00%)

▫️ Elastic Cloud Revenue: $168.84M vs. $134.99M (+25.00%)

▫️ Adjusted EPS: $0.59 vs. $0.37 (+59.46%)

▫️ Gross Margin (Non-GAAP): 76.90% vs. 76.80%

▫️ Operating Income (Non-GAAP): $64.28M vs. $41.26M (+55.80%)

▫️ Operating Margin (Non-GAAP): 17.60% vs. 13.30%

▫️ Operating Cash Flow: $38.38M vs. -$2.39M

Additional Metrics:

▫️ Subscription Revenue: $340.81M (+18.43%)

▫️ Net Expansion Rate: 112%

▫️ Total Customers with ACV > $100K: 1,420 vs. 1,220 (+16.39%)

💼 Balance Sheet Highlights (As of October 31, 2024):

▫️ Total Assets: $2.23B vs. $2.24B (-0.49%)

▫️ Cash, Equivalents & Marketable Securities: $1.20B (+8.01% from Q1 FY25)

▫️ Total Liabilities: $1.42B vs. $1.50B (-5.61%)

▫️ Deferred Revenue: $645.71M (+20.00%)

▫️ Shareholders’ Equity: $811.52M vs. $738.19M (+9.94%)

🔮 Future Outlook:

Elastic anticipates Q3 FY25 revenue between $367M and $369M (+12.00% YoY) and FY25 revenue of $1.45B to $1.46B (+15.00% YoY). The company is focused on GenAI innovation, platform consolidation, and expanding its observability and security solutions.