Research Note Elastic Q3 FY 2025 Delivers Strong Performance, Cloud, And GenAI Growth
Futurum Group, Tuesday, March 4th, 2025
Elastic Q3 FY2025 earnings report, highlighting overall revenue performance, growth in Elastic Cloud revenue, and continued innovation in Generative AI Retrieval Augmented Generation (RAG) while GAAP losses continue as a new CFO joins the leadership team.
Elastic reported total revenues of $382 million for Q3 FY2025, marking a 17% increase compared to the previous year. Elastic Cloud contributed $180 million, reflecting a 26% year-over-year growth. The company recorded a GAAP operating loss of $5 million, while its non-GAAP operating income was $64 million. GAAP net loss per share was $0.16, and operating cash flow was $88 million with an adjusted free cash flow of $99 million.