canar.ai
Rankings/ESTC/Q2 2023 Analysis

Elastic

ESTC
Q2 2023(ESTC Q4 FY2023)Estimated0% AI
AI Revenue %
0%
AI Fair Value
$96.0M
AI Revenue (Q)
$0
Total Revenue (Q)
$325.0M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.gov

Analysis

Elastic Q4 FY2023 / Full Year FY2023 (year ended Apr 30, 2023). 10-K filing. Full year revenue ~$1,068.0M, implied Q4 revenue ~$279.5M. The 10-K describes the Elastic Stack with three solutions: Search, Observability, and Security (notably dropping 'Enterprise' from 'Enterprise Search'). However, the filing contains no mentions of artificial intelligence, vector search, ESRE, or generative AI capabilities. Elastic was in the early stages of developing AI features but had not yet shipped or monetized them. Ring 1 AI revenue = $0. Math: $0 / $279.5M = 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-K Item 8, Note 1 (Organization and Description of Business)

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix