Operations
As of August 27, 2026
Q1
Total Revenue
$478M
Divisions
Elastic Cloud
49.2%
Other Subscription Revenue
44.7%
Services
6.1%
Key Earnings Driver: Elastic Cloud
Elastic’s Q1 revenue increased 15% year over year to $478 million, with Elastic Cloud revenue increasing 20% to $235.2 million. Elastic Cloud represented 49% of total revenue, while Other Subscription Revenue increased 11%, making Elastic Cloud the company’s fastest-growing reported revenue category.
Key Operating Metrics¹
METRIC
STATUS
Elastic Cloud
🟢 Scaling
Other Subscription Revenue
🟢 Scaling
Key Financial Metrics
Gross Margin
74.5%
↓
-2.2 pp YoY
Free Cash Flow Conversion
N/A
Backlog / Rev.
387.8%
CapEx Intensity
0.1%
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.