• Elastic average ebitda margin for 2023 was -10.83%, a 5.91% decline from 2022.
• Elastic average ebitda margin for 2022 was -11.51%, a 3.14% decline from 2021.
• Elastic average ebitda margin for 2021 was -11.16%, a 57.42% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.