Elastic
ESTCQ4 2023(ESTC Q2 FY2024)Estimated0% AI
AI Revenue %
0%
AI Fair Value
$128.4M
AI Revenue (Q)
$0
Total Revenue (Q)
$365.4M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Elastic Q2 FY2024 (3 months ended Oct 31, 2023). 10-Q filing. Total revenue $310.6M (Subscription $287.7M, Services $22.9M; Elastic Cloud $135.0M). The filing still describes three solutions: Search, Observability, and Security. No mention of AI or ML in the filing text. ESRE (vector search, semantic search) was available but adoption was still nascent. No AI revenue is broken out or referenced. Elastic Cloud growth (12% QoQ) was driven by broader cloud migration, not specifically AI workloads. Ring 1 AI revenue = $0. Math: $0 / $310.6M = 0.0%.
Analyzed by claude-opus-4-6
Quoted Figures
The Company offers three software solutions built into the Elastic Stack: Search, Observability, and Security.
10-Q Segment Note (Notes to Financial Statements, Note 1)
Elastic Cloud $134,989 (43% of total revenue), Other subscription $152,754 (50%), Services $22,869 (7%), Total revenue $310,612
10-Q Note 3, Revenue Disaggregation
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
ESRE (vector search, semantic search) - early adoption phase
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix