Core Insights - Elastic reported revenue of $382.08 million for the quarter ended January 2025, marking a 16.5% increase year-over-year and a surprise of +3.74% over the Zacks Consensus Estimate of $368.32 million [1] - The company's EPS for the quarter was $0.63, significantly up from $0.36 in the same quarter last year, resulting in an EPS surprise of +34.04% compared to the consensus estimate of $0.47 [1] Revenue Breakdown - Revenue from Services was $23.89 million, exceeding the average estimate of $21.55 million by nine analysts, representing a year-over-year increase of +17.5% [4] - Subscription revenue reached $358.20 million, surpassing the average estimate of $346.74 million, with a year-over-year change of +16.4% [4] - Elastic Cloud subscription revenue was reported at $180 million, exceeding the seven-analyst average estimate of $174.25 million, reflecting a year-over-year increase of +25.5% [4] - Other subscription revenue amounted to $178.20 million, compared to the average estimate of $172.64 million, indicating an 8.5% year-over-year change [4] Stock Performance - Over the past month, Elastic's shares have returned -8.6%, while the Zacks S&P 500 composite has seen a -2.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Revenue Performance - Subscription revenue accounted for 93% of total revenue for the nine months ended January 31, 2025 and 2024 [121] - Elastic Cloud contributed 46% of total revenue for the nine months ended January 31, 2025, up from 43% in the same period of 2024 [129] - Total revenue for the three months ended January 31, 2025, was $382.1 million, a 17% increase from $328.0 million in the same period of 2024 [155] - Subscription revenue increased by $50.6 million, or 16%, for the three months ended January 31, 2025, driven by a 26% growth in Elastic Cloud, which represented 47% of total revenue [155] - Services revenue rose by $3.6 million, or 18%, for the three months ended January 31, 2025, attributed to increased adoption of service offerings [156] - Subscription revenue increased by $157.2 million, or 18%, for the nine months ended January 31, 2025, driven by a 27% growth in Elastic Cloud, which accounted for 46% of total revenue [167] - Total revenue for the nine months ended January 31, 2025, was $932.3 million, a decrease of $162.5 million, or 17%, compared to the prior year [167] Customer Metrics - The number of customers with annual contract value over $100,000 increased to over 1,460 as of January 31, 2025, compared to over 1,270 as of January 31, 2024 [123] - The company had approximately 21,350 customers as of January 31, 2025, an increase from approximately 20,800 customers as of January 31, 2024 [122] - The Net Expansion Rate was approximately 112% as of January 31, 2025 [135] Financial Performance - Gross profit for the three months ended January 31, 2025, was $284.9 million, compared to $243.3 million in the same period of 2024, resulting in a gross margin of 75% [151] - Gross profit for the nine months ended January 31, 2025, was $812.8 million, an increase of $122.7 million, or 18%, compared to the prior year [169] - The operating loss for the three months ended January 31, 2025, was $4.6 million, an improvement from a loss of $26.4 million in the same period of 2024 [151] - Net loss for the three months ended January 31, 2025, was $17.1 million, compared to a net income of $176.1 million in the same period of 2024 [151] Expenses - Research and development expenses for the three months ended January 31, 2025, were $93.6 million, an increase from $87.2 million in the same period of 2024 [151] - Sales and marketing expenses increased to $153.7 million for the three months ended January 31, 2025, compared to $141.6 million in the same period of 2024 [151] - General and administrative expenses rose to $42.2 million for the three months ended January 31, 2025, from $40.9 million in the same period of 2024 [151] - Research and development expenses rose by $23.1 million, or 9%, for the nine months ended January 31, 2025, mainly due to a $19.4 million increase in personnel and related costs [171] - Sales and marketing expenses increased by $47.4 million, or 12%, for the nine months ended January 31, 2025, primarily driven by a $46.4 million rise in personnel and related costs [173] - General and administrative expenses increased by $11.5 million, or 10%, for the nine months ended January 31, 2025, largely due to an $8.9 million rise in personnel and related costs [174] Tax and Other Income - The effective tax rate was significantly impacted by recurring items and one-time tax benefits, with a provision for income taxes of $21.1 million for the three months ended January 31, 2025 [149] - The provision for income taxes was $21.1 million for the three months ended January 31, 2025, compared to a benefit from income taxes of $200.3 million for the same period of the prior year [164] - Other income, net increased by $6.6 million, or 77%, for the three months ended January 31, 2025, primarily due to $4.3 million in net foreign currency exchange activity [163] - Other income, net increased by $11.4 million, or 47%, to $35.5 million for the nine months ended January 31, 2025, primarily due to $6.9 million in interest and investment income and $4.4 million in foreign currency exchange activity [177] Cash Flow and Financial Position - Net cash provided by operating activities was $179.2 million for the nine months ended January 31, 2025, compared to $87.8 million in the prior year [185] - Net cash used in investing activities was $148.0 million for the nine months ended January 31, 2025, primarily due to purchases of marketable securities totaling $388.8 million [187] - As of January 31, 2025, cash, cash equivalents, and marketable securities totaled $1.284 billion, consisting of highly liquid investment-grade fixed-income securities [181] - The accumulated deficit was $1.083 billion as of January 31, 2025, indicating significant operating losses [182] - The company expects existing cash and future operations to fund operating and capital needs for at least the next 12 months [183] Strategic Initiatives - The company plans to continue investing in developing new features for the Elastic Stack to drive growth [131] - The addition of the Affero General Public License (AGPL) is expected to enhance engagement and adoption of the company's software [133] - The company anticipates that the increase in Elastic Cloud's contribution to revenue will have a modest adverse impact on gross margin due to third-party hosting costs [129] - The company continues to monitor macroeconomic conditions that may affect customer spending behavior and sales cycles [126] - The company increased its non-cancelable cloud hosting capacity commitments to $875.6 million over the next five years, effective February 2025 [190] Foreign Currency Impact - Foreign currency transaction losses were $1.5 million for the nine months ended January 31, 2025, compared to $2.8 million in the prior year [196]

Corporate Overview and Q3FY25 Financial Results February 27, 2025 Forward Looking Statements; Use of Non-GAAP Measures This presentation and the accompanying oral presentation contain forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter and the fiscal year ending April 30, 2025, our strategic areas of focus, expectations and plans regarding our future growth, our go-to-ma ...

Exhibit 99.1 Elastic Reports Third Quarter Fiscal 2025 Financial Results Q3 Revenue of $382 million, up 17% year-over-year (17% in constant currency) Q3 Elastic Cloud Revenue of $180 million, up 26% year-over-year (26% in constant currency) SAN FRANCISCO, Calif., Feb 27, 2025 -- Elastic (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its third quarter of fiscal 2025 ended January 31, 2025. Third Quarter Fiscal 2025 Financial Highlights "We exceeded guidance acros ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Elastic N.V. due to significant changes in its sales operations that allegedly misled investors regarding the company's revenue guidance for FY 2025 [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $100,000 in Elastic between May 31, 2024, and August 29, 2024, to discuss their legal rights [1]. - The firm is investigating claims against Elastic and reminds investors of the April 14, 2025, deadline to seek the role of lead plaintiff in a federal securities class action [2]. - The complaint alleges that Elastic and its executives violated federal securities laws by making false statements and failing to disclose significant operational changes that disrupted sales [4]. Group 2: Financial Performance and Guidance - On August 29, 2024, Elastic announced a revised FY 2025 revenue guidance of $1.436 billion to $1.444 billion, reflecting a decrease from the previous guidance of $1.468 billion to $1.48 billion [5]. - The new guidance indicates a 14% year-over-year growth at the midpoint, down from the earlier forecast of 16% [5]. - The company attributed the revenue guidance cut to a slower start to the year and disruptions caused by segmentation changes in its sales operations [5]. Group 3: Market Reaction - Following the announcement of the revised revenue guidance, Elastic's share price fell by $27.45, or 26.49%, closing at $76.19 per share on August 30, 2024 [6]. Group 4: Class Action Participation - The lead plaintiff in the class action will be the investor with the largest financial interest who is adequate and typical of class members [7]. - Any member of the putative class can move the Court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [7]. Group 5: Additional Information - Faruqi & Faruqi, LLP is also seeking information regarding Elastic's conduct from whistleblowers, former employees, and shareholders [8].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Elastic N.V. regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting sales during FY 2025 [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Elastic N.V. made materially false and misleading statements during the class period from May 31, 2024, to August 29, 2024 [1]. - Key allegations include significant changes to sales operations, particularly in the Americas, which disrupted sales in the first quarter of FY 2025 [1]. - It is claimed that these changes led to an overstatement of the stability of Elastic's sales operations and that the company was unlikely to meet its previously issued revenue guidance for FY 2025 [1]. Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of April 14, 2025, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who purchased Elastic N.V. (NYSE: ESTC) securities between May 31, 2024, and August 29, 2024, alleging that the company misled investors regarding the stability of its sales operations [1][2]. Allegations - The complaint states that Elastic failed to disclose significant changes to its sales operations, particularly affecting customer segments in the Americas [2]. - These changes disrupted sales operations during the first quarter of FY 2025, leading to an overstatement of the stability of Elastic's sales operations [2]. - As a result, Elastic was unlikely to meet its previously issued revenue guidance for FY 2025, making the defendants' public statements materially false and misleading [2]. Financial Impact - On August 29, 2024, Elastic announced its financial results for the first quarter of FY 2025, which included a reduction in its revenue guidance for FY 2025 [3]. - Following this announcement, Elastic's share price fell by $27.45, or 26.49%, closing at $76.19 per share on August 30, 2024 [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must do so by April 14, 2025, but participation is not required to be eligible for recovery [4]. - Those who choose not to participate can remain absent class members [4]. About Robbins LLP - Robbins LLP is recognized for its leadership in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - A class action securities lawsuit has been filed against Elastic N.V. alleging securities fraud that affected investors between May 31, 2024, and August 29, 2024 [1] Group 1: Allegations of Fraud - The lawsuit claims that Elastic made false statements and concealed significant changes to its sales operations, particularly affecting customer segments in the Americas [2] - It is alleged that these changes disrupted Elastic's sales operations during the first quarter of FY 2025, leading to an overstatement of the stability of its sales operations [2] - As a result of these issues, Elastic is unlikely to meet its previously issued revenue guidance for FY 2025, making the defendants' public statements materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses in Elastic during the relevant timeframe have until April 14, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Elastic N.V. regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting sales during FY 2025 [1]. Group 1: Allegations - The complaint alleges that Elastic made materially false and misleading statements during the class period from May 31, 2024, to August 29, 2024 [1]. - Significant changes were implemented in Elastic's sales operations, particularly affecting customer segments in the Americas, which disrupted sales operations in the first quarter of FY 2025 [1]. - As a result of these changes, Elastic was unlikely to meet its previously issued revenue guidance for FY 2025, leading to overstated stability in its sales operations [1]. Group 2: Class Action Details - Shareholders who purchased shares of ESTC during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for April 14, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Core Viewpoint - Investors in Elastic N.V. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of misleading statements made by the company regarding its sales operations and revenue guidance [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that between May 31, 2024, and August 29, 2024, Elastic failed to disclose significant changes to its sales operations, particularly affecting customer segments in the Americas [3]. - It is claimed that these changes disrupted Elastic's sales operations during the first quarter of FY 2025, leading to an overstatement of the stability of its sales operations [3]. - As a result of these issues, Elastic was unlikely to meet its previously issued revenue guidance for FY 2025, and the company's positive statements about its business were materially misleading [3]. Group 2: Participation Information - Investors who suffered losses in Elastic N.V. are encouraged to contact the Law Offices of Howard G. Smith before April 14, 2025, to participate in the ongoing lawsuit [2][4]. - Interested parties can reach out via email, phone, or visit the law firm's website for more information regarding their legal rights and the class action [2][4].