Elastic N.V. (ESTC): Analyse du Pestle [Jan-2025 MISE À JOUR]

Dans le paysage rapide de la technologie des entreprises, Elastic N.V. (ESTC) se tient à l'intersection de l'innovation et de la complexité, naviguant dans un environnement mondial à multiples facettes qui exige une agilité stratégique. Cette analyse complète du pilon dévoile le réseau complexe de facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux qui façonnent la trajectoire commerciale d'Elastic, offrant une vision panoramique des défis et des opportunités qui définiront l'avenir de l'entreprise dans le monde dynamique de la recherche, analytique et technologies cloud.

Elastic N.V. (ESTC) - Analyse du pilon: facteurs politiques

Impact potentiel des réglementations de confidentialité des données

En 2024, les coûts de conformité du RGPD pour les entreprises technologiques se situent entre 1,5 million d'euros et 5,2 millions d'euros par an. L'application de la CCPA a entraîné des amendes potentielles jusqu'à 7 500 $ par violation intentionnelle.

Règlement	Coût annuel de conformité	Fine potentiel maximale
RGPD	1,5 M € - 5,2 M €	20 millions d'euros ou 4% des revenus mondiaux
CCPA	500 000 $ - 2,5 M $	7 500 $ par violation intentionnelle

Tensions géopolitiques dans le déploiement des services cloud

Les restrictions internationales de service cloud ont augmenté de 37% au cours des deux dernières années, ce qui concerne directement les stratégies de déploiement de la technologie mondiale.

• Restrictions technologiques américaines-chinoises affectant les investissements dans les infrastructures cloud
• Règlements sur la souveraineté numérique de l'Union européenne
• Exigences de localisation des données du marché émergentes

Exigences de cybersécurité du gouvernement

Les dépenses fédérales de cybersécurité américaines ont atteint 19,2 milliards de dollars en 2023, avec Normes de conformité obligatoires augmentant de 42% par rapport à 2022.

Norme de cybersécurité	Exigence de conformité	Coût de la mise en œuvre
Cadre NIST	Obligatoire pour les entrepreneurs fédéraux	500 000 $ - 2,5 M $
Fedramp	Certification des fournisseurs de services cloud	1 M $ - 5 M $

Protection des données de l'industrie technologique et réglementation de l'IA

Les investissements mondiaux sur la réglementation de l'IA prévoyaient pour atteindre 32,4 milliards de dollars d'ici 2025, avec Des pénalités de conformité potentielles dépassant 50 millions de dollars pour la non-conformité.

• Coût de mise en œuvre de l'UE AI ACT estimé à 15 à 25 millions d'euros pour les grandes entreprises technologiques
• Augmentation des exigences obligatoires de transparence algorithmique
• Mécanismes de protection des données améliorées pour les technologies d'IA

Elastic N.V. (ESTC) - Analyse du pilon: facteurs économiques

Incertitude économique mondiale affectant les dépenses technologiques d'entreprise

Au troisième trimestre 2023, Elastic N.V. a déclaré un chiffre d'affaires total de 275,4 millions de dollars, ce qui représente une croissance de 7% sur toute l'année. Les dépenses technologiques d'entreprise ont montré des tendances prudentes avec les dépenses informatiques mondiales estimées à 4,7 billions de dollars en 2024.

Indicateur économique	Valeur 2023	2024 projection
Dépenses informatiques mondiales	4,56 billions de dollars	4,7 billions de dollars
Marché des services cloud	623,3 milliards de dollars	678,8 milliards de dollars
Investissement technologique d'entreprise	2,1 billions de dollars	2,24 billions de dollars

Facturier des taux de change fluctuants

Les revenus internationaux d'Elastic ont connu des fluctuations de monnaie, le taux de change USD / EUR en moyenne de 0,92 au quatrième trimestre 2023, affectant potentiellement les coûts opérationnels.

Paire de devises	T2 2023 Taux moyen	Variance en yoy
USD / EUR	0.92	-3.5%
USD / GBP	0.79	-2.1%

Tendances d'investissement du secteur technologique

Les investissements en capital-risque dans les logiciels d'entreprise ont baissé à 44,8 milliards de dollars en 2023, reflétant un paysage d'investissement plus conservateur.

Catégorie d'investissement	2023 Total	2024 projection
VC du logiciel d'entreprise	44,8 milliards de dollars	47,2 milliards de dollars
Investissements technologiques cloud	28,3 milliards de dollars	30,5 milliards de dollars

Pressions de récession sur l'infrastructure informatique

Les investissements sur l'infrastructure informatique des entreprises ont montré une résilience, les budgets technologiques d'entreprise conservant une stabilité à environ 3,5% du total des revenus d'entreprise en 2023.

Métrique d'investissement informatique	Pourcentage de 2023	2024 prévisions
Il budgétaire en% des revenus	3.5%	3.6%
Dépenses d'infrastructure	892 milliards de dollars	935 milliards de dollars

Elastic N.V. (ESTC) - Analyse du pilon: facteurs sociaux

Demande croissante de technologies de travail à distance et de plateformes de recherche / analyse distribuées

Selon Gartner, 74% des entreprises prévoient de déplacer en permanence les employés vers un travail à distance post-pandémique. La taille du marché des technologies de travail à distance a atteint 19,3 milliards de dollars en 2023, avec une croissance projetée à 43,7 milliards de dollars d'ici 2028.

Marché des technologies de travail à distance	Valeur 2023	2028 Valeur projetée	TCAC
Taille du marché mondial	19,3 milliards de dollars	43,7 milliards de dollars	17.5%

Augmentation de la sensibilisation à la cybersécurité stimulant les solutions de recherche et de surveillance des entreprises

Les dépenses mondiales de cybersécurité ont atteint 188,3 milliards de dollars en 2023, les solutions de sécurité de recherche d'entreprise représentant 22% du total des dépenses du marché.

Marché de la cybersécurité	2023 dépenses totales	Segment de sécurité de recherche d'entreprise
Marché mondial	188,3 milliards de dollars	41,4 milliards de dollars

Défis d'acquisition de talents sur les marchés du travail de la technologie compétitive

Les taux d'inoccupation de l'industrie technologique sont restés à 6,1% en 2023, les salaires moyens des ingénieurs logiciels atteignant 157 590 $ par an aux États-Unis.

Métriques du marché du travail technologique	Valeur 2023
Taux de vacance technologique	6.1%
Salaire moyen d'ingénieur logiciel	$157,590

Les attentes de la main-d'œuvre changeantes concernant la transformation numérique et les technologies basées sur les données

89% des entreprises ont déclaré accélérer les initiatives de transformation numérique en 2023, les investissements d'analyse de données augmentant de 15,2% en glissement annuel.

Métriques de transformation numérique	Pourcentage de 2023
Les entreprises accélèrent la transformation numérique	89%
Croissance des investissements d'analyse des données	15.2%

Elastic N.V. (ESTC) - Analyse du pilon: facteurs technologiques

Innovation continue dans l'apprentissage automatique et les technologies de recherche alimentées par l'IA

Elastic a investi 249,4 millions de dollars dans la recherche et le développement au cours de l'exercice 2023. La plate-forme technologique de recherche alimentée par l'IA de l'entreprise a traité plus de 2,5 pétaoctets de données par tous les clients entre les entreprises.

Métrique technologique	Valeur 2023
Investissement en R&D	249,4 millions de dollars
Traitement quotidien des données	2,5 pétaoctets
Modèles d'apprentissage automatique	87 modèles actifs
Précision de recherche AI	94.3%

Tendances émergentes dans les architectures natives du cloud et l'informatique distribuée

Les solutions de cloud-native d'Elastic ont soutenu 65% des entreprises du Fortune 500 en 2023. L'infrastructure informatique distribuée de la société a géré plus de 350 millions de requêtes quotidiennes dans les centres de données mondiaux.

Métrique du cloud-natif	Valeur 2023
Clients Fortune 500	65%
Requêtes quotidiennes	350 millions
Centres de données mondiaux	24 emplacements
Time de disponibilité des infrastructures cloud	99.99%

Complexité croissante des paysages de menaces de cybersécurité

La sécurité élastique a détecté et analysé 2,7 millions de menaces de cybersécurité uniques en 2023, avec des capacités de détection de menaces en temps réel couvrant 98,5% des environnements clients d'entreprise.

Métrique de la cybersécurité	Valeur 2023
Menaces uniques détectées	2,7 millions
Couverture de détection des menaces	98.5%
Temps de réponse des incidents de sécurité	12,4 minutes
Mises à jour de l'intelligence des menaces	1 247 par mois

Évolution rapide des technologies de la plate-forme d'observabilité et de surveillance

La plate-forme d'observabilité d'Elastic a surveillé plus de 3,2 millions de critères d'évaluation en 2023, les capacités de gestion des journaux traitant 4,8 pétaoctets de données chaque semaine.

Métrique d'observabilité	Valeur 2023
Point de terminaison surveillés	3,2 millions
Traitement hebdomadaire des données du journal	4,8 pétaoctets
Précision de surveillance des performances	99.7%
Instances de surveillance en temps réel	127,000

Elastic N.V. (ESTC) - Analyse du pilon: facteurs juridiques

Protection continue de la propriété intellectuelle pour les technologies de recherche et analyse propriétaires

Depuis le Q4 2023, Elastic N.V. 52 brevets enregistrés aux États-Unis Bureau des brevets et des marques (USPTO). Le portefeuille de brevets de l'entreprise couvre les innovations critiques de la technologie de recherche et d'analyse.

Catégorie de brevet	Nombre de brevets	Durée de protection des brevets
Technologies de recherche	23	20 ans à compter de la date de dépôt
Algorithmes d'analyse	17	20 ans à compter de la date de dépôt
Méthodes d'indexation des données	12	20 ans à compter de la date de dépôt

Conformité aux réglementations internationales de protection des données et de confidentialité

Elastic N.V. maintient la conformité à plusieurs cadres internationaux de protection des données, notamment:

• Règlement général sur la protection des données (RGPD) - Union européenne
• California Consumer Privacy Act (CCPA)
• LGPD - Loi sur la protection des données du Brésil

Règlement	Statut de conformité	Investissement annuel de conformité
RGPD	Pleinement conforme	2,4 millions de dollars
CCPA	Pleinement conforme	1,7 million de dollars
LGPD	Conforme	$850,000

Risques potentiels des litiges de brevet sur les marchés de la technologie des entreprises compétitives

En 2023, Elastic N.V. 3 Procédures judiciaires liées aux brevets en cours, avec une exposition au litige potentiel total estimé à 12,5 millions de dollars.

Type de litige	Nombre de cas	Dépenses juridiques estimées
Litige de brevet défensif	2	7,2 millions de dollars
Protection des brevets offensive	1	5,3 millions de dollars

Navigation de licence de logiciels complexes et de logiciels open source frameworks juridiques

Elastic N.V. gère 47 Différents accords de licence de logiciels à travers son écosystème de produit, avec 62% impliquant des composants open source.

Catégorie de licence	Nombre d'accords	Coût de gestion de la conformité
Licences propriétaires	18	1,1 million de dollars
Licences open source	29	$780,000

Elastic N.V. (ESTC) - Analyse du pilon: facteurs environnementaux

Initiatives d'efficacité énergétique dans les opérations du centre de données cloud

Elastic N.V. rapporte les mesures d'efficacité énergétique suivantes pour leurs opérations de centre de données cloud:

Métrique	Valeur	Année
Efficacité de l'utilisation du pouvoir (PUE)	1.2	2023
Consommation d'énergie totale	42 500 MWH	2023
Consommation d'énergie renouvelable	65%	2023

Engagement en matière informatique durable et réduction de l'empreinte carbone

Données de réduction des émissions de carbone pour le N.V. Élastique:

Métrique carbone	Montant	Cible de réduction
Émissions de CO2	18 750 tonnes métriques	Réduction de 30% d'ici 2025
Émissions de la portée 1	2 500 tonnes métriques	15% de réduction d'ici 2025
Émissions de la portée 2	16 250 tonnes métriques	35% de réduction d'ici 2025

Investissements potentiels dans l'infrastructure technologique vert

Attribution des investissements de la technologie verte:

• Investissement total de technologie verte: 12,5 millions de dollars
• Infrastructure de serveur économe en énergie: 6,2 millions de dollars
• Projets d'énergie renouvelable: 3,8 millions de dollars
• Programmes de compensation de carbone: 2,5 millions de dollars

Représentations environnementales et objectifs de durabilité des entreprises

Métrique de la durabilité	État actuel	Année cible
Émissions de carbone net zéro	En cours	2030
100% d'énergie renouvelable	65% atteints	2027
Achat durable	45% des fournisseurs certifiés	2026

Elastic N.V. (ESTC) - PESTLE Analysis: Social factors

Distributed-by-design workplace model attracts global, diverse engineering talent.

Elastic N.V. (ESTC) operates on a deeply ingrained, distributed-by-design model, meaning employees-or Elasticians-work from virtually anywhere. This isn't just a pandemic-era policy; it's a foundational element of the corporate structure that significantly impacts their ability to attract and retain top-tier, diverse talent globally. This approach eliminates geographical barriers for hiring, which is critical in the highly competitive Search AI space.

Honestly, this model is a huge competitive advantage for talent acquisition. It also helps minimize the company's carbon footprint by reducing commuting emissions and the need for large, energy-intensive office buildings, which resonates with socially conscious candidates.

The distributed nature inherently fosters inclusive workplace practices by drawing strength from a richness of global perspectives.

Strong corporate culture recognized with 13 Best Place to Work awards in FY25.

The company's focus on culture and employee well-being continues to pay dividends, as evidenced by the significant external validation received in Fiscal Year 2025. Elastic N.V. was recognized with a total of 13 awards for its positive corporate culture and status as a Best Place to Work. This level of employee satisfaction directly reduces talent churn risk, which is a major cost factor in the tech sector.

For example, the Comparably awards alone highlight the strength across multiple social dimensions, showing that the culture is defintely not just a surface-level perk.

Here is a quick look at some of the key awards Elastic N.V. secured in 2025:

• Best Company Perks & Benefits
• Happiest Employees
• Best Company Work-Life Balance
• Best Company for Diversity 2025
• Best Company for Women 2025
• Best Company Outlook 2025

Philanthropic goodness program, Elastic Cares, logged nearly 10,000 volunteer hours.

Elastic Cares, the company's philanthropic goodness program, is a core component of its social impact strategy. In FY2025, Elasticians demonstrated a strong commitment to community engagement, logging almost 10,000 volunteer hours. They supported nearly 2,000 causes worldwide, which shows the breadth of their global impact.

The program is structured to make giving back easy, offering 40 hours (five days) of Volunteer Time Off (VTO) to all Elasticians. Plus, the company adds a financial incentive through its Dollars for Doers program, which donates $20 (or local equivalent) per volunteer hour to the cause the employee supported.

Here's the quick math on the community impact metrics for FY2025:

Metric	FY2025 Value	Context
Volunteer Hours Logged	Nearly 10,000 hours	Contributed by Elasticians globally.
Causes Supported	Nearly 2,000 causes	Diverse philanthropic and community organizations.
Volunteer Time Off (VTO) Allotment	40 hours/employee	Equivalent to five full work days.
Dollars for Doers Donation	$20 per volunteer hour	Company donation to the cause for each hour volunteered.

Increasing customer demand for transparent, ethical AI (Artificial Intelligence) use cases.

The push for ethical and transparent Artificial Intelligence (AI) is a major social factor shaping the tech industry in 2025, and Elastic N.V. is responding strategically. Customers, especially large enterprises and public sector entities, are increasingly demanding that AI solutions are grounded in relevant, accurate context, not just abstract models.

Elastic addresses this by positioning its Search AI Platform to deliver AI in 'meaningful, explainable ways,' particularly in its security and knowledge discovery solutions. This focus on explainable AI is a direct response to the social and regulatory pressure for ethical technology use.

In FY25, the company underscored its commitment to ethical business conduct by issuing a Modern Slavery and Human Trafficking Statement and launching an improved ethics training experience across the company. This shows a proactive stance in translating social expectations into concrete governance and product development actions. When you are building AI agents, you need this foundation of trust and control.

Elastic N.V. (ESTC) - PESTLE Analysis: Technological factors

Over 2,000 Elastic Cloud customers are using the platform for GenAI use cases

The core technological tailwind for Elastic N.V. is its deep integration with Generative AI (GenAI) applications, establishing the platform as a crucial component for Retrieval Augmented Generation (RAG) architectures. You see this directly in the customer adoption numbers: by the end of Fiscal Year 2025 (FY25), Elastic Cloud had over 2,000 customers using the platform for GenAI applications.

This momentum is accelerating fast. Just into the second quarter of Fiscal Year 2026 (Q2 FY26), that number jumped to over 2,450 customers. This isn't just small-scale testing either; over 370 of those customers are spending $100,000 or more annually on GenAI use cases. Here's the quick math: nearly a quarter of their high-value customers are now leveraging Elastic for AI-powered search and data retrieval, which is defintely a strong indicator of platform stickiness.

Strategic partnerships with NVIDIA and Google Cloud's Vertex AI enhance vector search

Elastic is strategically cementing its place as an AI infrastructure layer through key partnerships, which significantly enhances its vector search capabilities-the engine behind modern GenAI. The company was named the first Independent Software Vendor (ISV) integrated directly into Google Cloud's Vertex AI platform. This integration allows joint customers to use Elastic's vector search to ground their Gemini model prompts and agents with their proprietary enterprise data.

Also, the partnership with NVIDIA is critical for performance. Elasticsearch is now a recommended vector database for the NVIDIA Enterprise AI Factory. They are co-developing a plug-in to boost vector indexing and search speed by using NVIDIA's cuVS on their hardware, which translates into blazing-fast AI applications for customers. This focus on performance and open standards earned Elastic two 2025 Google Cloud Partner of the Year Awards in the AI category.

• Google Cloud: First ISV integrated into Vertex AI for Gemini grounding.
• NVIDIA: Elasticsearch is a recommended vector database for Enterprise AI Factory.
• AWS: Five-year Strategic Collaboration Agreement (SCA) secured in May 2025.

Named a Leader in IDC's 2025 MarketScape for Worldwide Observability Platforms

Elastic's technology leadership extends beyond search and AI into the critical area of observability, which is how enterprises monitor the health and performance of their applications. The company was named a Leader in the IDC MarketScape: Worldwide Observability Platforms 2025 Vendor Assessment in November 2025.

This recognition validates their open, AI-driven platform approach. IDC specifically highlighted Elastic's strength in an open standards-first architecture that natively ingests OpenTelemetry (OTel) data, correlating across signals like logs, metrics, and traces. This architecture is key because it lets customers unify operational and business data at petabyte-scale without duplicating data flows across complex hybrid and multicloud environments. That is a huge cost and complexity reduction for any enterprise.

Metric / Recognition	Fiscal Year 2025 Data / Status	Technological Implication
Total FY25 Revenue Guidance (Midpoint)	$1.44 Billion	Scale of platform adoption and commercial viability.
GenAI Customers on Elastic Cloud (Q4 FY25)	Over 2,000	Strong, accelerating product-market fit in the AI space.
IDC MarketScape Observability	Leader (November 2025)	Validated technical leadership in a core market segment.
Google Cloud Partnership	First ISV integrated into Vertex AI	Deep technical integration with a major cloud AI ecosystem.

Intense competition from large cloud providers bundling overlapping search and security features

A persistent technological risk is the intense competition from large cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, who continuously bundle overlapping search, observability, and security features into their core cloud offerings. This bundling often creates a cost challenge for independent software vendors like Elastic, as the cloud providers can offer their own tools at a perceived discount or as a default choice.

Elastic's response is platform consolidation, leveraging its unified Search AI platform to displace fragmented, legacy tools. For instance, in one large deal, a customer chose Elastic Security over multiple competitors to replace fragmented security tools, aiming for a 35% increase in operational efficiency. This competitive pressure forces Elastic to innovate aggressively on features like its vector search and AI-driven security capabilities to maintain a clear technological advantage and justify the migration cost for customers. The five-year Strategic Collaboration Agreement with AWS, signed in May 2025, is also a critical move to ensure Elastic remains a deeply integrated, preferred solution on the largest cloud platform, not just a competitor.

Elastic N.V. (ESTC) - PESTLE Analysis: Legal factors

Facing a securities law violation lawsuit filed in February 2025 regarding FY25 sales disclosures

You need to be aware that Elastic N.V. is currently managing a significant securities class action lawsuit, which was filed in February 2025. This isn't just a compliance headache; it's a direct hit to investor confidence and a drain on executive time. The core of the complaint alleges that the company made false or misleading statements regarding the stability of its sales operations, specifically concerning changes to customer segments in the Americas, which ultimately disrupted the first quarter of its Fiscal Year 2025 (FY25).

Here's the quick math on the investor impact: When the company announced its Q1 FY25 results on August 29, 2024, it slashed its full-year revenue guidance. The prior FY25 guidance midpoint was approximately $1.474 billion, but the revised guidance midpoint dropped to about $1.440 billion. That news caused Elastic's ordinary share price to fall by $27.45 per share, or 26.49%, the next day. This litigation creates a material financial risk, and the legal costs alone will be substantial throughout 2025.

Self-certified under the US Data Privacy Framework (DPF) for international data protection in FY25

On a positive compliance note, Elastic N.V. successfully self-certified under the US Data Privacy Framework (DPF) during FY25. This certification is defintely a necessary step for a global cloud company, as it provides a legal mechanism for transferring personal data from the European Union (EU) to the United States (U.S.) in a manner that is compliant with EU law.

The DPF is crucial because it allows Elastic to handle both employee and customer data across the Atlantic without relying solely on more complex tools like Standard Contractual Clauses (SCCs). This move streamlines operations and reduces the administrative burden of international data transfers, which is a big win for efficiency.

Strict global data residency and sovereignty laws (e.g., GDPR) complicate cloud expansion

Still, the DPF doesn't solve all the problems. Strict global data residency and sovereignty laws remain a major legal and operational hurdle for cloud expansion. Laws like the EU's General Data Protection Regulation (GDPR), France's 'Cloud de Confiance,' and India's Digital Personal Data Protection Act all demand that certain types of data must be stored and processed within specific geographical borders.

For a company like Elastic, which offers a cloud-based platform, this means building out regional or in-country infrastructure, which adds significant overhead and complexity. Furthermore, the U.S. CLOUD Act allows U.S. authorities to subpoena data from U.S.-based providers, even if the data is stored abroad, creating a geopolitical conflict with foreign data sovereignty mandates. You have to factor in the rising cost of this localized infrastructure into your long-term cloud strategy.

Impact of Data Sovereignty on Cloud Operations (2025)

Legal Requirement	Geographic Example	Operational Impact on Elastic N.V.
Data Residency Mandates	India, China, EU (GDPR)	Requires in-country data centers and regional cloud architecture, increasing capital expenditure.
Jurisdictional Control	France's 'Cloud de Confiance'	Necessitates using locally certified cloud partners or building out sovereign cloud solutions.
Cross-Border Access Conflict	U.S. CLOUD Act vs. GDPR	Creates legal risk for EU customers, potentially favoring non-U.S. cloud competitors.

Open-source licensing model shifts create legal complexity and competitive risk

The company's open-source licensing strategy, a key differentiator, has also created legal complexity. Elastic N.V. had previously changed its licenses from the permissive Apache 2.0 to the more restrictive Server Side Public License (SSPL) and Elastic License v2 (ELv2) to protect its business from cloud providers like Amazon Web Services (AWS), which led to the creation of the OpenSearch fork.

In a major shift in late 2024 (FY25), Elastic added the GNU Affero General Public License v3 (AGPL) as an optional license for the free part of Elasticsearch and Kibana source code. This is an Open Source Initiative (OSI)-approved license that re-engages the open-source community, but it's a double-edged sword. AGPL is known for its strict copyleft terms, meaning anyone who modifies the software and offers it as a service must share their changes.

This creates a complex licensing matrix for customers and partners:

• AGPLv3: True open-source, but requires service providers to release source code of their modifications.
• SSPL/ELv2: Source-available, but more restrictive on commercial cloud use, which was the original defensive move.
• Apache 2.0: Continues to be used for Elastic's client libraries, maintaining broad compatibility.

The legal team must now navigate three distinct licensing models, and customers must carefully choose their license to avoid inadvertent compliance violations, especially those who offer a Software as a Service (SaaS) product built on Elasticsearch. This is a subtle but defintely important competitive risk.

Elastic N.V. (ESTC) - PESTLE Analysis: Environmental factors

You need to understand that for a cloud-centric software company like Elastic N.V., the primary environmental risk isn't a smokestack; it's the supply chain and the cloud infrastructure itself. The company's commitment to the Science-Based Targets initiative (SBTi) and its distributed-by-design model are key differentiators, but the sheer scale of its Scope 3 emissions-nearly 99% of its total footprint-is where the real focus must be.

Here's the quick math: Elastic N.V.'s total revenue for fiscal year 2025 (FY25) was $1.483 billion. Despite this growth, the company has managed to keep its emissions intensity relatively consistent between FY23 and FY25, which is a good sign of decoupling growth from environmental impact. Still, the absolute numbers show where the environmental leverage points are.

Committed to greenhouse gas (GHG) emissions reduction with targets submitted to the Science-Based Targets initiative

Elastic N.V. has formally affirmed its commitment to greenhouse gas (GHG) emissions reduction by submitting its climate targets to the Science-Based Targets initiative (SBTi), which is the gold standard for climate science-aligned corporate goals. This move formalizes their dedication to a low-carbon transition, moving beyond simple carbon neutrality to actual reduction. To be fair, while the commitment is there, investors are still waiting for the public disclosure of the specific, near-term reduction targets that underpin this submission.

The company's environmental footprint for FY25 clearly shows the challenge. The vast majority of the company's impact sits outside its direct control, which is typical for a software vendor. This means their climate strategy must heavily rely on supplier engagement and cloud optimization, not just internal efficiency.

GHG Emissions Category (FY25)	Amount (kg CO2e)	Contribution to Total
Total Carbon Emissions	60,200,000	100%
Scope 1 (Direct Emissions)	241,000	<1%
Scope 2 (Energy Indirect)	504,000	<1%
Scope 3 (Value Chain Indirect)	59,400,000	~99%

Low-carbon economy transition enabled by using efficient cloud environments

As a software company, Elastic N.V. plays a dual role in the low-carbon transition. First, their product, the Elastic Search AI Platform, helps customers use data to optimize their own operations, which can include monitoring and reducing energy consumption in their systems. Second, the company itself delivers its services at scale by utilizing efficient cloud environments. This is a critical point because the carbon efficiency of the underlying cloud providers (like Amazon Web Services or Microsoft Azure) directly impacts Elastic's largest Scope 3 category: Purchased Goods and Services, which was approximately 29.2 million kg CO2e in FY25.

The opportunity here is huge. By focusing on cloud-native efficiencies and using features like serverless architectures, they can drive down the environmental impact of their platform. This is defintely a core strategic lever for them.

Distributed workplace design inherently reduces corporate travel and office-related energy consumption

Elastic N.V. is a distributed-by-design company, meaning its workforce is spread out globally without a central headquarters. This model inherently minimizes emissions tied to commuting and large, energy-intensive office footprints.

However, what this estimate hides is the corresponding rise in business travel emissions. While the distributed model cuts down on daily commutes, it necessitates more corporate travel for team gatherings and customer visits. In FY25, business travel accounted for approximately 20.1 million kg CO2e of their Scope 3 emissions. This makes business travel the second-largest contributor to their entire carbon footprint, which is a clear, actionable area for reduction.

• Minimize office footprint and commuting emissions.
• Business travel is the second-largest emissions source at ~20.1 million kg CO2e.
• Office site selections prioritize space and energy efficiency.

Formalized long-term sustainability commitments and reporting in FY25

In FY25, Elastic N.V. built on its prior progress by formalizing its long-term sustainability commitments and improving its data management. They onboarded a new corporate sustainability data management tool to improve data accuracy and analysis, which is a necessary step for meeting future reporting requirements. This move signals a maturing ESG (Environmental, Social, and Governance) program, moving from ad-hoc initiatives to a structured, data-driven framework.

This formalization is crucial for stakeholders, including investors and customers, who increasingly use ESG performance as a factor in their decision-making. The commitment to continuous data improvement helps them advance their carbon management plan and prepare for the inevitable, stricter global reporting standards.

Your next concrete step is to have your Legal and Finance teams draft a full risk-exposure matrix for the pending securities litigation and the potential impact of further US public sector sales slowdowns by the end of this quarter.