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TEAM · Atlassian

12 filings

10-Q

TEAM 10-Q Quarterly Reports

Atlassian - 12 quarterly reports

Filing record · 2016–202610-K1110-Q128-K121

2026-Q3
Atlassian Quarterly Report for Q3 Ended Mar 31, 2026
Atlassian Corporation's Form 10-Q for the quarter ended March 31, 2026 shows total revenues of $1.79 billion for the three months, up 32% from $1.36 billion a year earlier, with subscription revenues of $1.70 billion (up 33%). The growth was attributed mainly to paid seat expansion from existing customers and price increases, and Data Center revenue rose 44% to $560.7 million. Profitability weakened: the company reported an operating loss of $56.3 million and a net loss of $98.4 million, or $0.38 per share, for the quarter, compared with a net loss of $70.8 million a year earlier. The loss reflects $223.8 million of restructuring charges in the quarter tied to the March 2026 Plan, which included a reduction in force affecting about 10% of the workforce, along with stock-based compensation of $408.3 million. Non-GAAP net income for the quarter was $456.5 million, and free cash flow was $561.3 million. The balance sheet and capital allocation changed materially during the nine months. Cash and cash equivalents fell to $1.14 billion from $2.51 billion at June 30, 2025, and marketable securities went to zero from $424.3 million. Goodwill rose to $2.30 billion from $1.30 billion after the acquisitions of The Browser Company of New York and A Software Company, which together carried purchase prices of $488.3 million and $720.4 million. The company repurchased approximately 14.5 million Class A shares for about $1.5 billion in the nine months, and $2.2 billion remained authorized under the 2025 Share Repurchase Program. Total stockholders' equity declined to $879.0 million from $1.35 billion. Long-term debt of $989.1 million consists of $500 million of 5.250% notes due 2029 and $500 million of 5.500% notes due 2034, and the $750 million revolving credit facility had no borrowings outstanding. The filing also discloses an end-of-life plan for the Data Center offering, with term licenses ending for new customers as of March 2026, for existing customers in March 2028, and maintenance ending in March 2029. Remaining performance obligations were approximately $4.0 billion, with about 69% expected to be recognized over the next 12 months.
May 1, 2026
2026-Q2
Atlassian Quarterly Report for Q2 Ended Dec 31, 2025
Atlassian Corporation's fiscal second-quarter 2026 10-Q (three months ended December 31, 2025) reports total revenues of $1,586.3 million, up 23% from $1,286.5 million a year earlier. Subscription revenues rose 24% to $1,507.7 million, driven primarily by paid seat expansion from existing customers and price increases. Cloud revenues were $1,067.0 million, up 26%, while Data Center revenues were $435.6 million, up 20%. GAAP operating loss narrowed to $47.7 million from $57.5 million, and net loss was $42.6 million, or $0.16 per share. The filing reports non-GAAP operating income of $430.2 million, a 27% non-GAAP operating margin, and non-GAAP net income of $320.9 million, or $1.22 per diluted share. The quarter included two large acquisitions: The Browser Company of New York (purchase price $488.3 million) and A Software Company (purchase price $720.4 million, all cash). Goodwill rose to $2,305.1 million from $1,304.4 million at June 30, 2025. Free cash flow fell to $168.5 million from $342.6 million, and operating cash flow for the quarter was $177.8 million versus $351.9 million a year earlier. Cash and cash equivalents declined to $1,158.1 million at December 31, 2025 from $2,512.9 million at June 30, 2025, reflecting acquisition payments and $450.3 million of share repurchases for the six months. The company also announced an end-of-life plan for its Data Center offering: no new term licenses to new customers starting March 2026, no term licenses or expansions for existing customers starting March 2028, and end of maintenance and support in March 2029. Management recorded $55.7 million of restructuring charges in the six months, and the filing states that the Chief Financial Officer will step down effective June 2026.
Feb 6, 2026
2026-Q1
Atlassian Quarterly Report for Q1 Ended Sep 30, 2025
Atlassian Corporation's 10-Q for the quarter ended September 30, 2025 shows total revenues of $1,432,553 thousand, up 21% from $1,187,781 thousand a year earlier, with subscription revenue of $1,374,502 thousand (up 21%). Cloud revenue reached $997,708 thousand (up 26%), while Data Center revenue was $372,648 thousand (up 11%). Operating loss widened to $96,337 thousand from $31,978 thousand, and net loss was $51,870 thousand, compared with a net loss of $123,769 thousand in the prior-year quarter. The operating loss includes restructuring charges of $55,678 thousand, tied to a rebalancing of resources that eliminated certain roles and to the exit of certain leased office floors. On a non-GAAP basis, the filing reports operating income of $322,686 thousand and free cash flow of $114,603 thousand, versus $74,341 thousand a year earlier. The balance sheet remains liquid, with cash and cash equivalents of $2,322,360 thousand and marketable securities of $456,040 thousand as of September 30, 2025, against long-term debt of $988,143 thousand consisting of two $500,000 thousand senior notes. Deferred revenue declined to $2,281,156 thousand in total from $2,481,254 thousand at the start of the quarter. During the quarter the company repurchased about 1.4 million Class A shares for $249.9 million, and in October 2025 its board authorized a new $2.5 billion repurchase program. Subsequent events include the October 20, 2025 acquisition of The Browser Company of New York for approximately $610 million, and a pending acquisition of A Software Company (DX) for approximately $1.0 billion. The company also announced an end-of-life plan for its Data Center offering: term licenses will stop being sold to new customers in March 2026, to existing customers in March 2028, and maintenance and support will end in March 2029. The filing notes that the transition could affect purchasing patterns and quarterly results. Management expects the remaining performance obligations of about $3.3 billion to be about 74% recognized over the next 12 months.
Oct 31, 2025
2025-Q3
Atlassian Quarterly Report for Q3 Ended Mar 31, 2025
Atlassian Corporation's Form 10-Q for the quarter ended March 31, 2025 shows total revenues of $1.36 billion for the three months, up 14% from $1.19 billion a year earlier, with subscription revenue rising 19% to $1.27 billion. Cloud revenue grew to $880.4 million from $703.0 million, while Data Center revenue rose to $388.5 million from $364.1 million and Server revenue fell to zero after Server maintenance ended. Other revenue declined 29%, mainly due to a $27.8 million drop in Server maintenance revenue. Profitability was weaker. The company reported a GAAP operating loss of $12.5 million for the quarter, compared with operating income of $17.8 million a year earlier, and a net loss of $70.8 million, or $0.27 per share, versus net income of $12.8 million. Research and development expense rose 19% to $685.3 million and marketing and sales expense rose 32% to $295.8 million. Stock-based compensation was $346.8 million for the quarter. Non-GAAP operating income was $348.3 million, and free cash flow was $638.3 million for the quarter, up from $554.9 million. The provision for income taxes was $63.5 million for the quarter. The balance sheet and liquidity remained solid. Cash and cash equivalents totaled $2.66 billion and marketable securities $313.6 million at March 31, 2025. Deferred revenue was $2.37 billion, and remaining performance obligations were approximately $2.9 billion, with about 78% expected to be recognized over the next 12 months. Long-term debt was $987.2 million, consisting of $500.0 million of 5.250% notes due 2029 and $500.0 million of 5.500% notes due 2034. During the nine months, the company repurchased about 2.1 million Class A shares for $391.2 million. As of March 31, 2025, $1.5 billion remained under the 2024 Repurchase Program, and the company had 50,715 customers with more than $10,000 in Cloud ARR.
May 2, 2025
2025-Q2
Atlassian Quarterly Report for Q2 Ended Dec 31, 2024
Atlassian Corporation's Form 10-Q for the quarter ended December 31, 2024 reports total revenues of $1,286.5 million for the three months ended December 31, 2024, up 21% from $1,060.1 million a year earlier, with subscription revenue rising 30% to $1,213.2 million. Other revenue fell 43% to $73.2 million, driven by the end of support for Server offerings. Operating loss narrowed to $57.5 million from $49.1 million, and net loss was $38.2 million, compared with $84.5 million in the prior-year quarter. For the six months, total revenues were $2,474.2 million, up 21%, and net loss was $162.0 million. Cash flow from operations was $351.9 million for the quarter, and free cash flow was $342.6 million, up from $284.3 million. Cash and cash equivalents totaled $2.2 billion at December 31, 2024, against $1,000 million of long-term debt carried at $986.8 million, comprised of $500.0 million of 5.250% notes due 2029 and $500.0 million of 5.500% notes due 2034. The company repurchased about 0.4 million Class A shares for $68.4 million in the quarter and had $1.5 billion remaining under its 2024 repurchase program. Remaining performance obligations were approximately $2.7 billion, with about 78% expected to be recognized over the next 12 months. The filing notes that Class B holders control approximately 86% of voting power, and that stock-based compensation was $378.7 million in the quarter, a major driver of the GAAP loss. Management states that existing cash and credit facility borrowing capacity should be sufficient for at least the next 12 months.
Jan 31, 2025
2025-Q1
Atlassian Quarterly Report for Q1 Ended Sep 30, 2024
Atlassian Corporation reported total revenues of $1,187,781 thousand ($1.19 billion) for the three months ended September 30, 2024, up from $977,775 thousand, with subscription revenues of $1,131,948 thousand, up from $851,982 thousand. Other revenues declined to $55,833 thousand from $125,793 thousand, driven by a $75.5 million decrease in maintenance revenue after support for Server offerings ended. Gross profit was $970,157 thousand. Operating loss widened to $(31,978) thousand from $(18,869) thousand as research and development expense rose to $603,101 thousand and marketing and sales expense rose to $252,393 thousand. Net loss was $(123,769) thousand, or $(0.48) per share, compared with a net loss of $(31,883) thousand, or $(0.12) per share, in the prior-year quarter. The provision for income taxes increased to $93,605 thousand from $20,929 thousand, primarily attributable to the change in the mix of earnings and losses in foreign jurisdictions. Cash flow and capital return were notable in the quarter. Net cash provided by operating activities was $80,492 thousand, down from $166,956 thousand, and free cash flow was $74,341 thousand, compared with $163,287 thousand. The company repurchased approximately 1.1 million Class A shares for approximately $183.9 million, and cash and cash equivalents totaled $2.1 billion at quarter end. In September 2024 the Board authorized an additional $1.5 billion repurchase program, which will commence after the 2023 program is completed, with $267.9 million remaining under the 2023 program at quarter end. The balance sheet shows total assets of $4,993,293 thousand and long-term debt of $986,345 thousand, which consists of $500.0 million of 5.250% senior notes due 2029 and $500.0 million of 5.500% senior notes due 2034. In August 2024 the company replaced its prior credit agreement with a $750 million senior unsecured revolving credit facility maturing in August 2029, with no revolving loans outstanding at quarter end. The filing also discloses a putative securities class action and related stockholder derivative suits that were dismissed, and Class B shares held by the Co-Founders' affiliates represent approximately 86% of voting power.
Nov 1, 2024
2024-Q3
Atlassian Quarterly Report for Q3 Ended Mar 31, 2024
Atlassian Corporation's Form 10-Q for the quarter ended March 31, 2024 shows a return to quarterly net income, with net income of $12.8 million for the three months ended March 31, 2024, compared with a net loss of $209.0 million a year earlier. Total revenues rose 30% to $1.19 billion, driven by subscription revenue growth of 41% to $1.07 billion. Cloud revenue increased 31% to $703.0 million and Data Center revenue increased 64% to $364.1 million, while Server revenue declined 69% as maintenance and support for Server offerings generally ended in February 2024. Gross margin was 82% in both periods. For the nine months ended March 31, 2024, the company still reported a net loss of $103.6 million, though this improved from a $427.8 million loss a year earlier. Total revenues grew 24% to $3.23 billion and operating cash flow was $1.02 billion, up from $595.3 million. Free cash flow for the nine months was $1.00 billion. The company made acquisitions during the period, most notably Loom, Inc., for approximately $885.6 million in cash, and repurchased $204.6 million of Class A stock. Cash and cash equivalents stood at $1.95 billion at quarter-end, against a term loan balance of $975.0 million outstanding under the Credit Facility. The filing also discloses ongoing securities class action and stockholder derivative litigation tied to statements made during an August to November 2022 class period, for which the company has recorded no liabilities. The company also noted that a co-Chief Executive Officer intends to step down into an advisory role effective August 31, 2024, and that Class B shareholders hold approximately 86% of voting power.
Apr 26, 2024
2024-Q2
Atlassian Quarterly Report for Q2 Ended Dec 31, 2023
Atlassian Corporation's 10-Q for the quarter ended December 31, 2023 shows total revenues of $1,060.1 million for the three months, up from $872.7 million, with subscription revenue of $932.2 million compared with $711.2 million. Maintenance revenue fell to $69.1 million from $106.0 million as Server offerings wind down, with the filing noting maintenance and support for Server offerings generally ends in February 2024. The company reported a three-month net loss of $84.5 million, narrower than the $205.0 million loss a year earlier, and a six-month net loss of $116.4 million versus $218.8 million. Operating loss narrowed to $49.1 million from $99.2 million for the quarter. Non-GAAP operating income for the quarter was $250.6 million, and free cash flow was $284.3 million, compared with $146.5 million a year earlier. The balance sheet shows cash and cash equivalents of $1,460.5 million at December 31, 2023, down from $2,102.6 million at June 30, 2023, reflecting the $844.7 million of cash used for business combinations in the period, principally the acquisition of Loom, Inc. for approximately $885.6 million, which closed on November 30, 2023. Goodwill rose to $1,285.9 million from $727.2 million, and intangible assets, net, rose to $329.0 million. The company repurchased $163.5 million of Class A Common Stock in the six months, with $682.4 million remaining under its $1.0 billion authorization. Term loan facility balances totaled $987.5 million outstanding after a $12.5 million required repayment. The filing also discloses ongoing securities class action and stockholder derivative litigation, which the company says it intends to vigorously defend. On January 22, 2024, the court granted defendants' motion to dismiss the putative class action with leave to amend by February 12, 2024. The company recorded no liabilities for litigation in the periods presented. Class B shares carry ten votes per share, and the Class B holders collectively hold approximately 87% of voting power as of December 31, 2023.
Feb 2, 2024
2024-Q1
Atlassian Quarterly Report for Q1 Ended Sep 30, 2023
Atlassian Corporation's Form 10-Q for the quarter ended September 30, 2023 reports total revenues of $977.8 million, up 21% from $807.4 million in the same quarter a year earlier. Subscription revenue rose 31% to $852.0 million, driven by additional subscriptions from existing customers and migrations to Cloud and Data Center offerings, while maintenance revenue fell 31% to $78.6 million as Server offerings wind down. Gross margin was 82% versus 83% a year earlier, and the company reported an operating loss of $18.9 million compared with $34.0 million a year earlier. Net loss was $31.9 million, or $0.12 per share, compared with a net loss of $13.7 million, or $0.05 per share, in the prior-year quarter. Stock-based compensation was $235.6 million for the quarter. On a non-GAAP basis, operating income was $224.9 million (23% operating margin) versus $147.9 million (18%) a year earlier, and free cash flow was $163.3 million versus $75.9 million. Net cash from operating activities was $167.0 million. Cash and cash equivalents totaled $2.14 billion at quarter end, against $1.0 billion drawn under the term loan facility. The company repurchased approximately 0.3 million Class A shares for about $65.3 million during the quarter, with $780.5 million remaining under its $1.0 billion authorization. The filing also highlights several items for investors: a securities class action and related stockholder derivative suits tied to statements made during August to November 2022, an October 2023 agreement with the Australian Taxation Office with a cash payment of approximately $60.5 million, and a definitive agreement to acquire Loom, Inc. for approximately $975 million, of which about $880 million is cash. The company expects Server maintenance and support to end in February 2024, and management attributed the weakening economic conditions to moderating growth from existing customers.
Nov 3, 2023
2023-Q3
Atlassian Quarterly Report for Q3 Ended Mar 31, 2023
Atlassian Corporation's quarterly report for the three months ended March 31, 2023 shows total revenues of $915.5 million, up 24% from $740.5 million a year earlier, led by subscription revenue of $760.7 million, up 37%. Maintenance revenue fell 22%, reflecting the end of new perpetual license upgrades. Growth was mainly driven by new and existing customers, and the company reported 259,775 total customers at March 31, 2023, compared with 234,575 a year earlier. The company also noted that growth from existing customers moderated during the nine months, which it attributed to weakening economic conditions. Profitability weakened sharply. The company reported an operating loss of $161.6 million and a net loss of $209.0 million for the quarter, compared with operating income of $32.9 million and net income of $4.7 million a year earlier. The results include $97.8 million of restructuring charges tied to a March 6, 2023 action that eliminated about 500 roles, roughly 5% of the workforce, and consolidated office leases. The quarter also included a $38.8 million reserve for uncertain tax positions related to ongoing Australian Taxation Office negotiations. Stock-based compensation rose to $263.4 million in the quarter from $136.4 million a year earlier. Cash generation and liquidity remained strong. Net cash provided by operating activities was $352.4 million in the quarter and free cash flow was $349.7 million. Cash and cash equivalents totaled $1.97 billion at March 31, 2023, against a $1.0 billion drawn term loan. The board authorized a $1.0 billion share repurchase program in January 2023, under which $35.7 million was used in the quarter and $964.3 million remained available. The filing also discloses a securities class action filed February 3, 2023 and two derivative suits, which the company intends to defend.
May 5, 2023
2023-Q2
Atlassian Quarterly Report for Q2 Ended Dec 31, 2022
Atlassian Corporation's 10-Q for the three months ended December 31, 2022 shows total revenues of $872.7 million, up 27% from $688.5 million a year earlier. Subscription revenues rose 40% to $711.2 million, while maintenance revenues declined 17% to $106.0 million as Server customers migrate. Cloud revenues increased 41% to $512.3 million and Server revenues fell 22% to $106.2 million. The filing notes that growth from existing customers moderated, a trend it describes as more pronounced in the quarter and largely attributed to weakening economic conditions. Profitability weakened sharply. The company reported an operating loss of $99.2 million versus operating income of $23.0 million a year earlier, and a net loss of $205.0 million, or $(0.80) per share, compared with a net loss of $22.3 million. The loss was driven by a $100.5 million income tax provision, which includes a reserve for uncertain tax positions of $83.0 million tied to ongoing Australian Taxation Office advance pricing agreement negotiations. Research and development expense rose 49% to $473.7 million, and stock-based compensation was $265.8 million in the quarter. Gross margin was 82% versus 84% a year earlier. The filing presents non-GAAP net income of $114.7 million and free cash flow of $146.5 million for the quarter. Balance sheet and capital allocation items include cash and cash equivalents of $1.64 billion, a fully drawn $1.0 billion term loan, and a $500 million revolving credit facility. In January 2023, the board authorized a share repurchase program of up to $1.0 billion. The filing also reflects the September 30, 2022 U.S. Domestication, which made Atlassian Corporation, a Delaware company, the publicly traded parent and required conversion of prior IFRS financial statements to GAAP. Class B shares hold approximately 88% of voting power.
Feb 3, 2023
2023-Q1
Atlassian Quarterly Report for Q1 Ended Sep 30, 2022
Atlassian Corporation (filed under the name Atlassian Corporation; ticker TEAM) reported results for the three months ended September 30, 2022, its first quarter of fiscal 2023. The filing follows the September 30, 2022 U.S. Domestication, in which Atlassian Corporation Plc redomesticated from the UK to a Delaware corporation that became the publicly traded parent, and it is the first report prepared under GAAP rather than IFRS. Total revenues were $807.4 million, up 31% from $614.0 million, led by subscription revenue of $651.0 million, up 50%. Cloud revenue reached $475.0 million, up 49%, while Server revenue declined 18%. Customers rose to 249,173 from 216,500 a year earlier. Profitability weakened on a GAAP basis. The company posted an operating loss of $34.0 million (operating margin of (4)%) versus operating income of $56.5 million a year earlier, and a net loss of $13.7 million, or $0.05 per share, compared with a net loss of $411.2 million in the prior-year quarter. The prior-year loss was driven by $424.5 million of charges tied to the exchangeable notes and capped calls, which were fully settled in fiscal 2022. Operating expenses grew 52% in dollar terms (from $461.3 million to $702.0 million), led by research and development, which rose 47%, and stock-based compensation, which reached $173.6 million. Operating cash flow was $92.4 million and free cash flow was $75.9 million. Management said customer paid-user growth moderated and the conversion rate from free to paid plans declined further, and it expects stock-based compensation to increase in fiscal 2023. The quarter also included a $43.1 million non-cash gain from the July 20, 2022 sale of a controlling interest in Vertical First Trust, the entity built for the Sydney headquarters project. Atlassian retained a 13% minority stake, now accounted for under the equity method. Cash and cash equivalents were $1.47 billion against a $1.0 billion term loan, and management believes existing resources will meet cash needs for at least the next 12 months.
Nov 4, 2022