• Elastic average ebit margin for 2024 was -9.54%, a 49.5% decline from 2023.
• Elastic average ebit margin for 2023 was -18.89%, a 9.36% decline from 2022.
• Elastic average ebit margin for 2022 was -20.84%, a 1.26% decline from 2021.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues