Elastic reported strong financial results for Q2 FY2025, with total revenue increasing 18% year-over-year to $365.4 million. Elastic Cloud revenue grew 25% to reach $168.8 million, representing 46% of total revenue, while subscription revenue rose 18% to $340.8 million. The company maintained a healthy gross margin of 74%.Operating loss narrowed significantly to $4.4 million from $21.5 million in the prior year period, demonstrating improved operational efficiency. The company generated robust operating cash flow of $91.1 million in the first half of FY2025, compared to $35.4 million in the same period last year. The customer base expanded to approximately 21,300, with over 1,420 customers generating more than $100,000 in annual contract value.Looking ahead, Elastic continues to invest in AI capabilities and product innovation while maintaining strong cloud momentum. The company's financial position remains solid with $1.2 billion in cash, cash equivalents and marketable securities. Management highlighted the successful integration of vector search capabilities and increased adoption of consumption-based pricing models across its platform.

Elastic reported strong financial results for Q2 FY2025, with total revenue increasing 18% year-over-year to $365.4 million. Elastic Cloud revenue grew 25% to reach $168.8 million, representing 46% of total revenue, while subscription revenue rose 18% to $340.8 million. The company maintained a healthy gross margin of 74%.Operating loss narrowed significantly to $4.4 million from $21.5 million in the prior year period, demonstrating improved operational efficiency. The company generated robust operating cash flow of $91.1 million in the first half of FY2025, compared to $35.4 million in the same period last year. The customer base expanded to approximately 21,300, with over 1,420 customers generating more than $100,000 in annual contract value.Looking ahead, Elastic continues to invest in AI capabilities and product innovation while maintaining strong cloud momentum. The company's financial position remains solid with $1.2 billion in cash, cash equivalents and marketable securities. Management highlighted the successful integration of vector search capabilities and increased adoption of consumption-based pricing models across its platform.