Elastic builds and sells services around {Elasticsearch} (a scalable search engine) using a Commercial open-source software business model.
It IPO’d in {2018} at a {$2.5B} valuation. In Feb 2020 its market cap was at {$5B}. Its 2020 revenues are expected at around {$415M} with an expected margin of around {-23%}. At that time, its revenues were growing at {63%} year-over-year, with {~8,100} customers.
Elastic N.V. Reports Strong Second Quarter Fiscal 2020 Financial Results | Elastic