---
schema_version: "secwatch.filing_event.v1"
accession: "0001707753-22-000058"
form_type: "8-K"
ticker: "ESTC"
cik: "0001707753"
company_name: "Elastic N.V."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:44:33.961911+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Elastic Q2 revenue $264.4M (+28% YoY), beats guidance; workforce reduction of ~13%

## Summary
- Q2 revenue $264.4M, up 28% YoY (34% constant currency); Elastic Cloud revenue $103.2M, up 50% YoY.
- GAAP operating loss $49.0M; non-GAAP operating income $4.9M (2% margin); GAAP EPS -$0.50, non-GAAP EPS $0.00.
- Company commits to workforce reduction of ~13%; expects $32-36M pre-tax charges, majority in Q3 FY23.
- Q3 FY23 revenue guidance $272-274M (22% YoY growth); full-year FY23 guidance raised to $1,067-1,073M.
- Net Expansion Rate 125%; total subscription customers ~19,700; customers with >$100K ACV over 1,050.

## SEC filing metadata
- accession: 0001707753-22-000058
- form_type: 8-K
- ticker: ESTC
- cik: 0001707753
- company_name: Elastic N.V.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1707753/000170775322000058/0001707753-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1707753/000170775322000058/estc-20221130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001707753-22-000058
- JSON: https://secwatch.observer/filing/0001707753-22-000058.json
- Plain text: https://secwatch.observer/filing/0001707753-22-000058.txt

## Key facts
- Earnings Releases
  Elastic N.V. reported second quarter ended October 31, 2022 results: revenue $264.4 million, EPS $0.50.
  - Period: second quarter ended October 31, 2022
  - Revenue: $264.4 million
  - EPS: $0.50
  - Result: reported results
  source text: Total revenue was $264.4 million, an increase of 28% year-over-year, or 34% on a constant currency basis • Elastic Cloud revenue was $103.2 million, an increase of 50% year-over-year, or 52% on a constant currency basis • GAAP operating loss was $49.0 million; GAAP operating margin was -18% • Non-GAAP operating income was $4.9 million; non-GAAP operating margin was 2% • GAAP net loss per share was $0.50; non-GAAP earnings per share was $0.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1707753/000170775322000058/0001707753-22-000058-index.htm
- Restructurings & Charges
  Elastic N.V. announced a restructuring with charges of approximately $32 million to $36 million (approximately 13%).
  - Type: restructuring
  - Charge: approximately $32 million to $36 million
  - Headcount: approximately 13%
  source text: On November 30, 2022, the Company committed to a plan to align its investments more closely with its strategic priorities by reducing the Company’s workforce by approximately 13% and implementing certain facilities-related cost optimization actions. Pursuant to this plan, Elastic intends to rebalance investments across all functions and to strategically reinvest some savings in key priority areas to drive growth. The Company expects to incur total pre-tax non-recurring charges of approximately $32 million to $36 million under the plan of which estimated charges in the range of $25 million to $28 million will consist of employee-related costs, including severance and other termination benefits, with the remaining costs related to the optimization of office space.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1707753/000170775322000058/0001707753-22-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.