Operations
As of August 27, 2026
Q1 Revenue
↑ 15% YoY
$478M
Divisions
Elastic Cloud
49.2%
Other Subscription Revenue
44.7%
Services
6.1%
Key Earnings Driver
Elastic Cloud Elastic Cloud revenue increased 20% year over year to $235.2 million, Other Subscription Revenue increased 11% and Services revenue increased 10%. Elastic Cloud was the company’s fastest-growing reported revenue category.
Key Operating Metrics¹
METRIC
STATUS
Elastic Cloud↑ 20%
🟢 Scaling
Other Subscription Revenue↑ 11%
Key Financial Metrics
Gross Margin
74.50%
-2.2 pp YoY
Backlog / Revenue
387.8%
3.87x Qtr Rev
CapEx Intensity
0.12%
0.00x Revenue
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.