Question 1

What percentage of Elastic's revenue comes from AI?

Accepted Answer

Elastic derives approximately 4.4% of its revenue from AI-related products and services, representing $62.6M in annual AI revenue out of $1.4B total. This estimate has "Estimated" confidence — no direct ai revenue disclosure — estimated from product mix.

Question 2

What is Elastic's AI Fair Value?

Accepted Answer

Elastic's AI Fair Value is $230.3M, ranking it #108 among publicly traded companies in the AI supply chain. AI Fair Value is calculated as Market Cap × AI Revenue %, representing what a company's AI business would be worth as a standalone entity.

Question 3

How has Elastic's AI revenue changed recently?

Accepted Answer

Elastic's AI revenue percentage increased from 6.0% to 7.0% (+1.0pp) between Q3 2025 and Q4 2025. Over the last 12 quarters tracked, AI revenue has trended upward.

Question 4

How does Elastic compare to peers in Data Infra?

Accepted Answer

Elastic's AI revenue percentage of 4.4% is below the Data Infra layer average of 5.3%. Among 5 ranked peers, 3 peers have a higher AI revenue percentage.

Question 5

Where does Elastic sit in the AI supply chain?

Accepted Answer

Elastic operates in the Data Infrastructure layer (Layer 6 of 9) of the AI supply chain. Databases, data warehouses, and data pipeline companies enabling the storage and processing of AI training data. Key AI products include ESRE, Elasticsearch Vector Search, AI Assistant.

Question 6

How reliable is Elastic's AI revenue estimate?

Accepted Answer

Elastic's AI revenue data has a "Estimated" confidence tier. No direct AI revenue disclosure — estimated from product mix. Source: SEC Filing Analysis.

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