Elastic - Public Comps and Valuation Multiples

Elastic Overview

About Elastic

Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.

Founded

2012

HQ

Employees

3.5K+

Website

elastic.co

Sectors

BI & Analytics Software
DevOps
B2B SaaS
Horizontal SaaS

Financials

LTM Revenue $1.6B

LTM EBITDA $271M

EV

$7.7B

Valuation Multiples

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Elastic Financials

As of September 2025, Elastic reported last 12-month revenue of $1.6B and EBITDA of $271M.

In the same period, Elastic generated $1.2B in LTM gross profit and $237M in net income.

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Elastic P&L

In the most recent fiscal year, Elastic reported revenue of $1.5B and EBITDA of $6.1M.

Elastic expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$1.6B	XXX	$1.5B	XXX	XXX	XXX
Gross Profit	$1.2B	XXX	$1.1B	XXX	XXX	XXX
Gross Margin	77%	XXX	74%	XXX	XXX	XXX
EBITDA	$271M	XXX	$6.1M	XXX	XXX	XXX
EBITDA Margin	17%	XXX	0%	XXX	XXX	XXX
EBIT	$249M	XXX	-$54.7M	XXX	XXX	XXX
EBIT Margin	16%	XXX	-4%	XXX	XXX	XXX
Net Profit	$237M	XXX	-$108M	XXX	XXX	XXX
Net Margin	15%	XXX	-7%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Elastic including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $1.6B. EBITDA for the last twelve months was $271M. In the most recent fiscal year, Elastic achieved $1.5B in revenue and $6.1M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$1.6B	Analyst estimates available to subscribers	$1.5B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$1.2B	Analyst estimates available to subscribers	$1.1B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	77.2% gross margin	Analyst estimates available to subscribers	74.4% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$271M	Analyst estimates available to subscribers	$6.1M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	17.1% EBITDA margin	Analyst estimates available to subscribers	0.4% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$249M	Analyst estimates available to subscribers	-$54.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	15.7% EBIT margin	Analyst estimates available to subscribers	-3.7% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$237M	Analyst estimates available to subscribers	-$108M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	14.9% net profit margin	Analyst estimates available to subscribers	-7.3% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Elastic

This financial data table provides comprehensive performance metrics for Elastic, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Elastic generated $1.6B in revenue over the last twelve months.
The company achieved $271M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $1.2B.
Net income over the last twelve months reached $237M.

Fiscal Year Performance

In the most recent fiscal year, Elastic reported $1.5B in total revenue.
Fiscal year EBITDA was $6.1M.
The company maintained a gross profit margin of 74.4% in the most recent fiscal year.
EBITDA margin for the fiscal year was 0.4%.
Net profit margin reached -7.3% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Elastic. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Elastic Stock Performance

Elastic has current market cap of $8.6B, and EV of $7.7B.

Market Cap Evolution

Elastic Stock Data

As of October 17, 2025, Elastic's stock price is $81.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$7.7B	$8.6B	XXX	XXX	XXX	XXX	$2.18

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Elastic Valuation Multiples

Elastic's trades at 5.5x EV/Revenue multiple, and -348.4x EV/EBITDA.

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Elastic Financial Valuation Multiples

As of October 17, 2025, Elastic has market cap of $8.6B and EV of $7.7B.

Equity research analysts estimate Elastic's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Elastic has a P/E ratio of 36.5x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$8.6B	XXX	$8.6B	XXX	XXX	XXX
EV (current)	$7.7B	XXX	$7.7B	XXX	XXX	XXX
EV/Revenue	4.9x	XXX	5.5x	XXX	XXX	XXX
EV/EBITDA	28.5x	XXX	-348.4x	XXX	XXX	XXX
EV/EBIT	31.0x	XXX	-98.9x	XXX	XXX	XXX
EV/Gross Profit	6.3x	XXX	n/a	XXX	XXX	XXX
P/E	36.5x	XXX	-167.5x	XXX	XXX	XXX
EV/FCF	26.3x	XXX	34.6x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Elastic Margins & Growth Rates

Elastic's last 12 month revenue growth is 14%

Elastic's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.

Elastic's rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Elastic's rule of X is 53% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Elastic Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	14%	XXX	15%	XXX	XXX	XXX
EBITDA Margin	17%	XXX	-2%	XXX	XXX	XXX
EBITDA Growth	15%	XXX	n/a	XXX	XXX	XXX
Rule of 40	13%	XXX	13%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	53%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	42%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	25%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	78%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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