Elastic
ESTCQ1 2025(ESTC Q3 FY2025)Estimated4% AI
AI Revenue %
4%
AI Fair Value
$93.1M
AI Revenue (Q)
$37.3M
Total Revenue (Q)
$932.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Elastic Q3 FY2025 (3 months ended Jan 31, 2025). 10-Q filing. Total revenue $382.1M (Subscription $358.2M, Services $23.9M; Elastic Cloud $180.0M at 47% of revenue). Elastic Cloud grew 26% YoY ($180.0M vs $143.4M). AI-related language continues in filings. Elastic was positioning itself more aggressively as a GenAI/RAG platform (Search AI Platform branding was emerging). Vector search and semantic search adoption continued to grow. No AI-specific revenue breakout provided. Conservative estimate: ~4.0% of revenue from Ring 1 AI features (vector search, ESRE, semantic search, RAG-specific workloads). Math: ~$15.3M / $382.1M = 4.0%.
Analyzed by claude-opus-4-6
Quoted Figures
our initiatives and investments involving artificial intelligence (AI)
10-Q Forward-Looking Statements
Elastic Cloud $179,996 (47% of total revenue), Other subscription $178,202 (47%), Services $23,885 (6%), Total revenue $382,083
10-Q Note 3, Revenue Disaggregation
AI Products Identified (Ring 1)
ESRE (Elasticsearch Relevance Engine)Vector search (kNN)Semantic searchML inference endpointsPlayground (RAG)
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.
AI-enhanced security analyticsAI-assisted observabilityElastic AI Assistant
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix