Elastic returns to profit in FY26, revenue rises 17% to $1.74 billion

Elastic N.V.

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Elastic posted net income of USD 367.77 million, swinging from a net loss in the prior year.
Revenue rose 17% to USD 1.74 billion, led by an 18% climb in subscription revenue to USD 1.63 billion.
Operating loss narrowed to USD 33.48 million from USD 54.92 million.
Subscription gross margin improved 1 percentage point to 81%, helped by efficiencies in cloud hosting costs relative to revenue growth.
Board-authorized USD 500 million buyback repurchased 4,400,000 shares for USD 340 million; USD 160 million remained authorized.

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