Elastic FY2027 EV/revenue Hawk valuation

Sources

1. Elastic reported Q1 FY2027 total revenue of $478.113M (+15% YoY), total subscription revenue of $448.735M (+15% YoY), and sales-led subscription revenue of $398.533M (+18% YoY, +17% constant currency). — sec.gov
2. Q1 FY2027 current remaining performance obligations were $1.153B (+21% YoY, +20% constant currency), remaining performance obligations were $1.854B (+27% YoY), non-GAAP operating margin was 16.2%, and adjusted free cash flow was $143.273M with a 30% margin. — sec.gov
3. Elastic raised FY2027 guidance to total revenue of $1.998B-$2.010B (15.2% YoY at midpoint), sales-led subscription revenue of $1.682B-$1.694B, non-GAAP operating margin of approximately 19.4%, and adjusted free cash flow margin of approximately 21.5%, assuming 108.5M-109.5M diluted weighted-average shares. — sec.gov
4. As of July 31, 2026, Elastic had cash and cash equivalents of $879.869M, marketable securities of $581.173M (combined $1.461B), long-term debt net of $571.195M, and 105.121M ordinary shares outstanding. — sec.gov
5. Q1 FY2027 customer metrics included over 1,800 customers with ACV greater than $100K, up from over 1,720 in Q4 FY2026 and over 1,550 in Q1 FY2026; net expansion rate was approximately 111%. — sec.gov
6. Elastic's Q1 FY2027 investor presentation highlighted $478M of revenue, $399M of sales-led subscription revenue, $1.153B of cRPO, 16.2% non-GAAP operating margin, and 1,800+ customers with ACV above $100K. — s206.q4cdn.com
7. On June 23, 2026 Elastic committed to a roughly 7% workforce reduction with expected non-recurring cash charges of $22M-$25M, mostly in Q1 FY2027, while still expecting net headcount growth for the year. — sec.gov
8. Scenario multiples keep a SaaS EV/FY2027-revenue framework: bear 3.5x, base 5.0x, bull 6.5x, reflecting mid-teens guided revenue growth, high-teens sales-led subscription growth, 19.4% FY2027 non-GAAP operating-margin guidance, and the FY2029 Rule-of-40 path. — sec.gov