Form 8-K · Current Report · Filed 2026-08-27
Elastic Reports Strong Q1 FY27 Financial Results with 15% Revenue Growth
Elastic N.V. announced its financial results for the first quarter of fiscal 2027, reporting a 15% year-over-year increase in total revenue to $478 million. The company saw strong growth in its subscription revenue, which increased by 15% to $449 million. Current remaining performance obligations (cRPO) grew by 21% to $1.153 billion, and remaining performance obligations (RPO) increased by 27% to $1.854 billion. Elastic also reported a non-GAAP operating income of $77 million and a non-GAAP operating margin of 16.2%. The company's net customer additions to its $100K ACV cohort reached the highest level to date, and it introduced several product innovations, including native Prometheus and PromQL support and Columnar Mode in technical preview. Elastic provided financial guidance for the second quarter and full fiscal year 2027, expecting total revenue between $1.998 billion and $2.010 billion and a non-GAAP operating margin of approximately 19.4%.
- Filer
- Elastic N.V. ESTC · NYSE
- Filed
- Accession
- 0001707753-26-000035
- CIK
- 0001707753
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
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About Elastic N.V.
Elastic N.V. is a prominent company that specializes in the development of search-powered solutions for various user applications and industries. The core purpose of the company is to enhance data search and management through its widely acclaimed Elasticsearch platform, which serves as the backbone for its suite of products including Kibana, Beats, and Logstash. These tools enable users to ingest, visualize, and analyze large volumes of data in real-time, making them indispensable in fields like cybersecurity, IT operations, and business analytics. Elastic N.V. plays a significant role in the technological ecosystem by providing essential search and analytical capabilities to enterprises, thereby facilitating improved operational efficiencies and decision-making processes. Founded in 2012 and headquartered in the Netherlands, the company integrates its services within cloud infrastructure, promoting scalability and adaption to a wide array of customer needs across different market segments. Elastic's contributions to data-centric applications underscore its importance in the digital transformation landscape.
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