ESTC Q1 2024 Earnings — Elastic N.V. Revenue & Financial Results | Market Cap Arena

ESTCElastic N.V.

$5B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$294M+17.5% YoY

Gross Profit

$216M73.6% margin

Operating Income

-$36M-12.3% margin

Net Income

-$49M-16.5% margin

EPS (Diluted)

$-0.50

QoQ Revenue Growth

+4.9%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$37M

Stock-Based Comp.

$57M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.3B

Stockholders' Equity

$412M

Cash & Equivalents

$631M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$294M	$250M	+17.5%
Gross Profit	$216M	$177M	+22.1%
Operating Income	-$36M	-$61M	+40.2%
Net Income	-$49M	-$70M	+30.3%

Revenue Segments

Subscription

$270M92%

Professional Services

$24M8%

Geographic Segments

UNITED STATES

$170M58%

Non-US

$124M42%