Why Elastic N.V. (ESTC) Crashed On Friday

We recently published a list of These 10 Stocks Lost This Much Today. In this article, we are going to take a look at where Elastic N.V. (NYSE:ESTC) stands against other Friday’s worst performers.

Elastic NV dropped its share prices by 12.13 percent on Friday to close at $80.87 apiece following the release of a mixed earnings performance in the fourth quarter and full fiscal year of 2025.

In a statement, Elastic N.V. (NYSE:ESTC) said it swung to a net loss of $108 million in the full fiscal year of 2025, reversing a $61.7-million net income the year before.

A group of software engineers working in an open, futuristic office.

Revenues, however, increased by 16.5 percent to $1.48 billion from $1.27 billion during the same period.

For the fourth quarter alone, Elastic N.V. (NYSE:ESTC) narrowed its net loss by 60 percent to $16.38 million from the $41.1 million reported in the same period last year, while revenues rose by 15.8 percent to $388 million from $335 million year-on-year.

Looking ahead, the company is targeting to hit between $396 million and $398 million in revenues for the first quarter of fiscal year 2026. The amount would represent a 14 percent growth year-on-year.

Meanwhile, full-year revenues were pegged at a range of $1.655 billion to $1.67 billion, or an 11-percent growth from 2025.

Overall, ESTC ranks 5th on our list of Friday’s worst performers. While we acknowledge the potential of ESTC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESTC and that has 10,000x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.