Elastic N.V.

Elastic N.V. reported strong financial results for fiscal year 2026, with total revenue increasing by 17% year-over-year to $1.739 billion. The company achieved a net income of $367.8 million, a significant turnaround from a net loss in the prior fiscal year. Subscriptions remained a dominant revenue source, contributing 94% of the total, and the customer base expanded to approximately 24,000, reflecting continued adoption of its Search AI platform and solutions.

Elastic N.V. reported strong financial results for its fourth quarter and full fiscal year ended April 30, 2026, surpassing guidance across key metrics. Q4 revenue grew 16% year-over-year to $451 million, while full fiscal year revenue increased 17% to $1.739 billion. The company also saw robust growth in current remaining performance obligations (cRPO) by 20% to $1.203 billion. Elastic provided an optimistic outlook for fiscal 2027, projecting total revenue between $1.985 billion and $2.000 billion, alongside continued share repurchases.