Elastic reports Q4 revenue of $451M, up 16% YoY; FY26 revenue $1.739B, up 17%

Elastic exceeded guidance across key metrics in fiscal 2026, with Q4 revenue growth of 16% YoY and strong subscription revenue increases of 17-19% depending on segment. The company demonstrated profitability with non-GAAP operating margins of 14.8% in Q4 and 16.4% for the full year, generating $346M in adjusted free cash flow and achieving a Rule of 40 score of 37%.