Elastic reported total revenue of $365.4 million for Q2 FY2025, an 18% year-over-year increase. Subscription revenue grew 18% to $340.8 million, while Elastic Cloud revenue surged 25% and now represents 46% of total revenue. The company posted a net loss of $25.5 million for the quarter.Gross profit rose 18% to $272.2 million, maintaining a 74% gross margin. Operating expenses increased 10% to $276.6 million as Elastic continued investing in R&D and sales & marketing. The company ended the quarter with $1.198 billion in cash, cash equivalents and marketable securities.For the first half of FY2025, Elastic generated $91.1 million in operating cash flow, up from $35.4 million in the prior year period. The company expects continued growth from Elastic Cloud adoption and expansion within its existing customer base, which now totals approximately 21,300. However, Elastic noted potential headwinds from macroeconomic uncertainty and longer sales cycles.

Elastic reported total revenue of $365.4 million for Q2 FY2025, an 18% year-over-year increase. Subscription revenue grew 18% to $340.8 million, while Elastic Cloud revenue surged 25% and now represents 46% of total revenue. The company posted a net loss of $25.5 million for the quarter.Gross profit rose 18% to $272.2 million, maintaining a 74% gross margin. Operating expenses increased 10% to $276.6 million as Elastic continued investing in R&D and sales & marketing. The company ended the quarter with $1.198 billion in cash, cash equivalents and marketable securities.For the first half of FY2025, Elastic generated $91.1 million in operating cash flow, up from $35.4 million in the prior year period. The company expects continued growth from Elastic Cloud adoption and expansion within its existing customer base, which now totals approximately 21,300. However, Elastic noted potential headwinds from macroeconomic uncertainty and longer sales cycles.