TEAM · Atlassian

144 filings

TEAM SEC Filings

Atlassian - 144 total filings

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

Showing 1–50 of 144 filings

Atlassian Annual Report, Year Ended Jun 30, 2026

Atlassian Corporation (Nasdaq: TEAM) reported fiscal year 2026 (ended June 30, 2026) total revenues of $6.57 billion, up 26% from $5.22 billion in fiscal 2025, with subscription revenue of $6.26 billion (up 27%) and Cloud revenue of $4.41 billion (up 28%). Gross margin rose to 85% from 83%, and operating income turned positive at $10.4 million compared with an operating loss of $130.4 million in fiscal 2025. Net loss narrowed to $53.8 million, or $0.21 per share, from $256.7 million, or $0.98 per share, though the provision for income taxes was $75.9 million. Non-GAAP operating income was $1.99 billion (30% margin), and free cash flow was $1.32 billion, down from $1.42 billion. Management attributes the results partly to two restructuring plans that recorded $285.4 million in charges, including severance of $203.9 million and lease-related impairments of $80.0 million, and cites a shift toward Cloud and AI-driven offerings. Capital allocation was a major theme. Atlassian acquired The Browser Company of New York and A Software Company (DX) during the second quarter of fiscal 2026, with cash consideration of roughly $1.2 billion for business combinations, and goodwill rose to $2.30 billion from $1.30 billion. The company repurchased about 19.1 million Class A shares for approximately $1.8 billion, and $1.9 billion remained available under the 2025 Repurchase Program as of June 30, 2026. Cash and cash equivalents fell to $1.24 billion from $2.51 billion, and the company had $985.6 million of senior notes outstanding with no borrowings under its $750 million revolving credit facility. The filing also highlights structural considerations for investors. Data Center products are being end-of-lifed, with no new term licenses sold to new customers since March 2026, sales to existing customers ending in March 2028, and maintenance ending in March 2029. Class B shares carry ten votes each and represented about 86% of voting power as of June 30, 2026, so the Co-Founders control most votes. Ernst & Young issued an unqualified opinion on both the financial statements and internal control over financial reporting.

Aug 14, 2026 8-K

Atlassian 8-K Report, Financial Results (Aug 6, 2026)

Atlassian Corporation reported fourth-quarter and fiscal year 2026 results for the period ended June 30, 2026. Quarterly total revenue was $1,766 million, up 28% year-over-year from $1,384 million, and Cloud revenue was $1,213 million, up 31%. Subscription ARR reached $6,606 million, up 23% from $5,382 million, and remaining performance obligations were $4,817 million, up 44% year-over-year. Fourth-quarter GAAP operating income was $211 million, a 12% operating margin, compared with an operating loss of $28 million a year earlier. Non-GAAP operating margin was 36%, and free cash flow was $475 million. For fiscal year 2026, total revenue was $6,572 million, up 26%, and GAAP net loss was $54 million, compared with a net loss of $257 million in fiscal 2025. For fiscal year 2027, the company guided to total revenue growth of approximately 13.0%, Subscription ARR growth of approximately 18.0%, and Cloud revenue growth of approximately 25.5%, while Data Center revenue is expected to decline approximately (17.0%). First-quarter fiscal 2027 total revenue is expected to be in the range of $1,705 million to $1,715 million. The shareholder letter attributes the expected Data Center decline to lapping upfront term license revenue recognition tied to the announced Data Center end-of-life in March 2029, along with continued migrations to Cloud. The company also expects GAAP operating margin of approximately 4.5% and non-GAAP operating margin of approximately 25.0% for fiscal 2027. Capital returns and governance were also highlighted. The company repurchased $348 million of stock in the fourth quarter and $1.8 billion for the full year, and about $1.9 billion of repurchase authorization remains. Co-founder and CEO Mike Cannon-Brookes announced an intention to enter a Rule 10b5-1 trading plan for open market purchases of up to $250 million of Class A Common Stock, with trading to begin no earlier than the close of trading on August 7, 2026. Ken Exner joined as Chief Product Officer, Enterprise and Emerging, on August 4, 2026.

Aug 6, 2026 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Apr 30, 2026)

Atlassian Corporation (NASDAQ: TEAM) furnished an 8-K on April 30, 2026 under Item 2.02 containing its press release and shareholder letter for the third quarter of fiscal year 2026, ended March 31, 2026. Total revenue was $1,787.0 million, up 32% year-over-year from $1,356.7 million, with Cloud revenue of $1,132.4 million, up 29%. Cloud growth accelerated, and Data Center revenue grew 44% year-over-year, which the company attributes largely to a Data Center end-of-life term license revenue recognition impact and pull-forward purchasing. Remaining performance obligations rose 37% to $4.0 billion. Profitability was mixed on a GAAP basis. The company reported an operating loss of $56.3 million (operating margin of (3%)) and a net loss of $98.4 million, or $0.38 per diluted share, after restructuring charges of $223.8 million tied to rebalancing resources and consolidating leases. On a non-GAAP basis, operating income was $607.2 million (34% margin) and non-GAAP net income was $456.5 million, or $1.75 per diluted share. Operating cash flow was $567.5 million and free cash flow was $561.3 million, a 31% free cash flow margin. Cash and cash equivalents totaled $1.1 billion at quarter end. For the fourth quarter of fiscal 2026, Atlassian guided to total revenue of $1,653 million to $1,661 million, GAAP operating margin of approximately 4.5%, and non-GAAP operating margin of approximately 30.5%. For full-year fiscal 2026, it expects total revenue growth of approximately 24.0%, Cloud growth of approximately 26.5%, and GAAP operating margin of approximately (2.0%). The shareholder letter notes that Data Center revenue growth is expected to decelerate meaningfully in FY27 as the end-of-life impact is lapped.

Apr 30, 2026 8-K

Atlassian 8-K Report, Exit or Disposal Costs (Mar 11, 2026)

Atlassian Corporation announced on March 11, 2026 a restructuring that eliminates certain roles and impacts approximately 10% of its workforce (the CEO's update cites roughly 1,600 employees). The stated goals are to rebalance the company to self-fund further investment in AI and enterprise sales, reorganize teams around the Atlassian System of Work, and optimize for long-term operational efficiency and sustainability. The Company estimates charges of approximately $225 million to $236 million, of which about $169 million to $174 million is expected to result in future cash outlays for severance, notice period, employee transition and benefits, and about $56 million to $62 million for exit charges tied to office space reductions. The majority of charges are expected in the third quarter of fiscal 2026, with actions substantially complete by the end of the fourth quarter of fiscal 2026. The Company intends to exclude these charges from its non-GAAP financial measures. The filing also reaffirms financial guidance for the third quarter of fiscal 2026 (ending March 31, 2026) and the fiscal year ending June 30, 2026, as previously provided in its February 5, 2026 earnings release. Separately, Chief Technology Officer Rajeev Rajan will step down effective March 31, 2026; Taroon Mandhana (CTO Teamwork) and Vikram Rao (CTO Enterprise and Chief Trust Officer) were named to succeed in those roles' responsibilities. The CEO's employee update, filed as Exhibit 99.1, states the company is accelerating its path to sustained GAAP profitability and that cloud revenue growth accelerated to 25%+ last quarter, with RPO growth of 40%+. For investors, the key points are the size of the one-time charges, the expected cash component, the explicit commitment to GAAP profitability, and the reaffirmed guidance. The Company cautions that actual expenses may differ materially from estimates and that additional charges may arise.

Mar 11, 2026 8-K

Atlassian 8-K Report, Executive Changes (Feb 18, 2026)

Atlassian Corporation filed this Current Report on Form 8-K under Item 5.02 to announce the appointment of James Chuong as Chief Financial Officer, effective March 30, 2026, when he will become the company's principal financial officer. Mr. Chuong, age 46, has served as Chief Financial Officer at LinkedIn, a subsidiary of Microsoft Corporation, since July 2021, and previously held several finance leadership roles at LinkedIn since 2013. Before LinkedIn, he was an investment banker at J.P. Morgan, Citigroup, and Bank of America Securities. Under his Offer Letter, Mr. Chuong will receive an annual base salary of $600,000, a target annual bonus equal to 75% of base salary, and an initial grant of restricted stock units with a target value of $22 million that vest quarterly over four years. He will also receive a one-time $2 million signing bonus, which is subject to repayment if he resigns within twelve months of starting. He will be eligible for severance and change in control benefits under the Amended and Restated Executive Severance Plan and will enter into the company's standard indemnification agreement. The filing states there are no arrangements under which Mr. Chuong was named an executive officer and no related party transactions requiring disclosure under Item 404(a) of Regulation S-K.

Feb 18, 2026 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Feb 5, 2026)

Atlassian Corporation (NASDAQ: TEAM) furnished this Form 8-K under Item 2.02 to report results for its second quarter of fiscal year 2026, the quarter ended December 31, 2025, along with a shareholder letter. Total revenue was $1,586.3 million, up 23% from $1,286.5 million a year earlier. Cloud revenue was $1,067.0 million, up 26%, and remaining performance obligations reached $3.8 billion, up 44% year-over-year. GAAP operating loss was $47.7 million (operating margin of (3%)), while non-GAAP operating income was $430.2 million (27% margin). GAAP net loss was $42.6 million, or $0.16 per diluted share, compared with a $0.15 loss a year earlier. Free cash flow was $168.5 million, compared with $342.6 million in the prior-year quarter, and the company attributed the decline primarily to timing of cash collections and tax payments. Management raised its fiscal 2026 total revenue growth outlook to approximately 22.0% and its Cloud revenue growth outlook to approximately 24.3%, citing the DX acquisition, which the shareholder letter says contributed roughly one percentage point to Cloud growth. The company expects GAAP operating margin of approximately (3.0%) and non-GAAP operating margin of approximately 25.5% for fiscal 2026. Atlassian also said it plans to accelerate share repurchases in the second half of fiscal 2026 relative to the first half, and that in January alone it repurchased more shares than in all of Q2. Cash and cash equivalents plus marketable securities totaled $1.6 billion at quarter end, and long-term debt was $988.6 million. The filing also reports that the company completed acquisitions of DX and The Browser Company of New York during the quarter, which contributed to higher operating expenses and headcount, which rose to 14,626. GAAP operating expenses increased 25% year-over-year. Anil Sabharwal was appointed to the Board of Directors. The information in this Item 2.02 is furnished rather than filed for purposes of Section 18 of the Exchange Act.

Feb 5, 2026 8-K

Atlassian 8-K Report, Executive Changes (Jan 15, 2026)

Atlassian Corporation filed this Form 8-K on January 15, 2026 under Item 5.02 to report the Board of Directors' approval of Anil Sabharwal as a new director, effective February 1, 2026 (the "Start Date"). Mr. Sabharwal is Vice President of Product at Alphabet, Inc. ("Google"). The filing notes he served in 2025 as a technical advisor to the Company, overseeing its new partnership with the Atlassian Williams Racing Formula One Team, and that he is a Venture Partner at AirTree Ventures and previously served on the board of Wesfarmers Limited. Under the non-employee director compensation arrangements, Mr. Sabharwal will receive a $55,000 annual Board retainer and an annual award of restricted stock units with a fair market value of $290,000, both pro-rated from the Start Date to the Company's next annual meeting of stockholders. The RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting, subject to continued service, unless the Compensation and Leadership Development Committee determines otherwise. Non-employee director RSUs carry 100% accelerated vesting upon a sale of the Company. The filing states there are no arrangements or understandings under which Mr. Sabharwal was named a director, and no related party transactions requiring disclosure under Item 404(a) of Regulation S-K. It also notes the Company has entered into, and expects to enter into, arm's-length commercial contracts with Google, in which Mr. Sabharwal has no direct or indirect material interest, and that any such future transactions are subject to the Company's related party transactions policy. The Company will also enter into its standard indemnification agreement with him.

Jan 15, 2026 8-K

Atlassian 8-K Report, Executive Changes (Dec 22, 2025)

Atlassian Corporation filed this Current Report on Form 8-K under Item 5.02, reporting that directors Sasan Goodarzi and Richard P. Wong each notified the Company on December 18, 2025 of their decisions to retire as directors, effective January 1, 2026. The filing states that neither retirement resulted from any disagreement with the Company on matters relating to its operations, policies, or practices. The filing describes Goodarzi's tenure as a director as seven years and Wong's as fifteen years. The Board and the Company expressed gratitude for their dedication and contributions. The filing does not disclose any replacement director appointments, compensatory arrangements, or financial results. For investors, the filing is a routine board-change disclosure. It reports a planned departure of two long-serving directors with no stated governance dispute, and it contains no financial metrics.

Dec 22, 2025 8-K

Atlassian 8-K Report, Shareholder Vote Results (Dec 3, 2025)

Atlassian Corporation held its 2025 Annual Meeting of Stockholders on December 2, 2025, and filed this Current Report under Item 5.07 to disclose the voting results. The proposals were described in the Company's 2025 Proxy Statement, filed with the SEC on October 15, 2025. Voting was weighted at one vote per Class A share and ten votes per Class B share. As of the October 8, 2025 record date, there were 168,162,599 Class A shares and 95,068,747 Class B shares outstanding. All five proposals were put to a vote. Each of the 11 director nominees received far more For votes than Against votes, with Karen Dykstra and Scott Belsky receiving the highest For counts and Richard P. Wong receiving the most Against votes (55,439,754). Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2026, with 1,083,715,410 For votes against 1,958,149 Against votes. Stockholders approved the advisory say-on-pay vote on fiscal year 2025 named executive officer compensation, with 1,057,603,940 For and 18,615,189 Against. They also voted on amendments and restatements of the 2015 Share Incentive Plan (966,516,623 For, 108,741,945 Against) and the 2015 Employee Share Purchase Plan (996,355,611 For, 78,916,051 Against). Broker non-votes of 9,235,625 were recorded on each proposal except the auditor ratification, where they were 0.

Dec 3, 2025 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Oct 30, 2025)

Atlassian Corporation reported first-quarter fiscal 2026 results for the quarter ended September 30, 2025, with total revenue of $1,432.6 million, up 21% year-over-year. Cloud revenue reached $997.7 million, up 26%, driven by paid seat expansion, Data Center-to-Cloud migrations, cross-selling, and higher ARPU. Remaining performance obligations (RPO) rose 42% to $3.3 billion, and current RPO grew 30% to $2.4 billion. Profitability was mixed on a GAAP basis: operating loss was $96.3 million (operating margin of (7%)), which included $55.7 million of restructuring charges, and net loss was $51.9 million, or $0.20 per diluted share. On a non-GAAP basis, operating income was $322.7 million (23% margin) and net income was $275.7 million, or $1.04 per diluted share. Cash flow from operations was $128.7 million and free cash flow was $114.6 million, and cash and marketable securities totaled $2.8 billion. Management updated its fiscal 2026 outlook. Cloud revenue growth is now expected at approximately 22.5%, and total revenue growth at approximately 20.8%, which includes an expected benefit of approximately 3.2 percentage points from the Data Center end-of-life (EOL) revenue recognition impact. The company announced Atlassian Ascend, a program to wind down Data Center products in phases over the coming years and push customers toward Cloud. The Board authorized a new share repurchase program of up to $2.5 billion, which will begin after the current $1.5 billion program is completed and has no expiration date. The filing also disclosed that CFO Joe Binz will retire effective June 30, 2026, and that Tamar Yehoshua will join as Chief Product and AI Officer on November 17, 2025. The filing also covers the acquisition of The Browser Company of New York, which closed on October 20, 2025, and a definitive agreement to acquire DX. Management stated that the Browser Company acquisition is expected to be slightly dilutive to fiscal 2026 non-GAAP operating margin, and that its non-GAAP operating margin target of 25%+ for fiscal year 2027 is unchanged.

Oct 30, 2025 8-K

Atlassian 8-K Report, Regulation FD Disclosure (Sep 18, 2025)

Atlassian Corporation (NASDAQ: TEAM) reported in a Form 8-K filed September 18, 2025 that it has entered into a definitive agreement to acquire DX, a developer intelligence platform focused on engineering intelligence. The announcement is furnished under Item 7.01 (Regulation FD) and is accompanied by a press release (Exhibit 99.1). The stated rationale is to help enterprises measure how their AI investments are helping engineering teams accelerate and improve their work, by combining DX's measurement and benchmarking capabilities with Atlassian's tools such as Rovo Dev, Jira, Bitbucket, Bitbucket Pipelines and Compass. Under the agreement, Atlassian will acquire DX for approximately $1 billion in cash and restricted stock, including DX's cash balance, subject to customary adjustments. The transaction is expected to close in the second quarter of Atlassian's fiscal year 2026, subject to customary closing conditions and required regulatory approvals. The company also stated the transaction does not change its previously issued fiscal year 2027 non-GAAP operating margin target. The press release notes that nearly all of DX's customers are already Atlassian users, and that the combination gives DX access to Atlassian's customer base of over 300,000 customers. The filing's forward-looking statements flag risks including the ability to integrate DX, achieve expected benefits, close the transaction on the expected timing, and the financial statement impact, including any effect on the share repurchase strategy.

Sep 18, 2025 8-K

Atlassian 8-K Report, Executive Changes (Sep 17, 2025)

Atlassian Corporation reported in this Form 8-K (Item 5.02) two board changes. Director Heather M. Fernandez notified the Company on September 15, 2025 of her decision to retire as a director effective September 30, 2025. The filing states her decision was not the result of any disagreement with the Company on operations, policies, or practices, and that she served almost 10 years as a director. On September 16, 2025, the Board approved the appointment of Jason Warner as a director effective October 1, 2025, and he will serve on the Compensation and Leadership Development Committee. Warner is co-founder and co-Chief Executive Officer of Poolside, Inc., a frontier AI lab building its own foundation models. He previously was a Managing Director at Redpoint Ventures from 2021 to 2023 and Chief Technology Officer of GitHub from 2017 to 2021. Warner will receive the standard non-employee director compensation: a $55,000 retainer for annual Board service and an annual RSU award with a fair market value of $290,000, both pro-rated until the next annual meeting of stockholders. The filing also discloses that the Company has entered into, and expects to enter into, ordinary course, arm's-length commercial contracts with Poolside, in which Warner states he has no direct or indirect material interest.

Sep 17, 2025 8-K

Atlassian 8-K Report, Regulation FD Disclosure (Sep 8, 2025)

Atlassian Corporation filed this Form 8-K under Item 7.01 (Regulation FD) to announce the sunsetting of its Atlassian Data Center products, with the announcement made on September 8, 2025 via a blog post (Exhibit 99.1) and an investor deck (Exhibit 99.2). The company says 99% of its 300,000+ customers already use the Atlassian Cloud platform and nearly all new customers choose the cloud. The transition is to be phased over three years as part of a new initiative called Atlassian Ascend. Key dates in the filing are March 30, 2026 (end of new Data Center subscription sales to new customers), March 30, 2028 (last date for existing customers to buy new Data Center licenses, Marketplace apps and license expansions), and March 28, 2029 (Data Center end of life, when licenses expire and become read-only). Until then, the company says it will continue technical support and security updates for critical issues. For investors, the most financially relevant disclosure is a revenue recognition change. For Data Center subscriptions entered into after September 8, 2025, a higher proportion of total contract value will be allocated to the term license component, which is recognized upfront, and a lower proportion to the ongoing maintenance component, which is recognized ratably. The investor deck states that total revenue is expected to increase as a mechanical result, while gross margin, operating margin, cloud revenue, marketplace revenue, cash flow from operations and free cash flow are listed among items that do not change. The company states it is still assessing the impact and will provide more detail on its Q1 FY26 earnings call. The deck states the table is for informational purposes only and is not an update to business or financial targets. The filing also includes a forward-looking statements safe harbor, and the company notes that the information furnished under Item 7.01 is not deemed filed under Section 18 of the Exchange Act.

Sep 8, 2025 8-K

Atlassian 8-K Report, Regulation FD Disclosure (Sep 4, 2025)

Atlassian Corporation (NASDAQ: TEAM) filed this Current Report on Form 8-K on September 4, 2025, to furnish a press release announcing that it has entered into a definitive Agreement and Plan of Merger to acquire The Browser Company of New York (BCNY), the company behind the Dia and Arc browsers. Under the terms of the definitive agreement, Atlassian will acquire The Browser Company for approximately $610 million in cash, inclusive of The Browser Company's cash balance and subject to customary adjustments. The transaction will be funded from Atlassian's balance sheet. The companies intend to position Dia as an AI browser for knowledge workers, optimized for the SaaS applications where work happens and equipped with AI skills and personal work memory. Atlassian cites more than 300,000 customers, including over 80% of the Fortune 500, as a distribution base, and over 2.3 million monthly active users of its AI capabilities, growing more than 50 percent quarter-over-quarter. The transaction is expected to close in the second quarter of Atlassian's fiscal year 2026, subject to customary closing conditions and required regulatory approvals. Atlassian states the acquisition is not expected to have a material impact on its financials in fiscal years 2026 and 2027. The press release information is furnished under Item 7.01 and is not deemed filed for purposes of Section 18 of the Exchange Act.

Sep 4, 2025 10-K

Atlassian Annual Report, Year Ended Jun 30, 2025

Atlassian Corporation's fiscal 2025 Form 10-K (fiscal year ended June 30, 2025) reports total revenues of $5.22 billion, up 20% from $4.36 billion in fiscal 2024. Subscription revenues rose 26% to $4.93 billion, driven primarily by paid seat expansion from existing customers and price increases, while other revenues fell 34% to $284.7 million after the end of Server support. Cloud revenues grew 28% to $3.45 billion and Data Center revenues grew 21% to $1.47 billion. Gross margin was 83% versus 82% a year earlier, but the company still posted a GAAP operating loss of $130.4 million and a net loss of $256.7 million, compared with a net loss of $300.5 million in fiscal 2024. Management's non-GAAP operating income was $1.29 billion, a 25% non-GAAP operating margin, and free cash flow was $1.42 billion, roughly flat year over year. Stock-based compensation rose to $1.36 billion and is the main reason GAAP results remain negative. The balance sheet shows cash and cash equivalents of $2.51 billion, marketable securities of $424.3 million, and $985.6 million of senior notes, with an undrawn $750 million revolving credit facility. Operating cash flow was $1.46 billion. The company repurchased about 4.0 million Class A shares for $780.7 million during the year, and $1.2 billion remained under the 2024 Repurchase Program as of June 30, 2025. Founders' Class B shares carry ten votes per share and held about 85% of voting power, so Co-Founders Michael Cannon-Brookes and Scott Farquhar control most stockholder votes. The filing also discloses that the company is investing heavily in AI, including making Rovo available to premium and enterprise customers at no additional cost, with management expecting these investments to weigh on operating margins in the near term.

Aug 15, 2025 8-K

Atlassian 8-K Report, Financial Results (Aug 7, 2025)

Atlassian Corporation reported fourth-quarter and fiscal year 2025 results for the period ended June 30, 2025. Q4 total revenue was $1,384.3 million, up 22% from $1,131.6 million a year earlier, and Q4 subscription revenue was $1,312.5 million, up 23% year-over-year. Cloud revenue was $927.7 million, up 26%. Fiscal 2025 revenue was $5.2 billion, up 20%. On a GAAP basis, Q4 operating loss was $28.5 million (operating margin of (2%)) and net loss was $23.9 million, or $0.09 per diluted share. On a non-GAAP basis, Q4 operating income was $335.9 million (24% margin) and free cash flow was $360.3 million (26% free cash flow margin). Fiscal 2025 free cash flow was $1,415.5 million. Management highlighted growth in enterprise customers, AI adoption, and cloud migrations. The company ended Q4 with 51,978 customers with more than $10,000 in Cloud ARR, up 13% year-over-year, and reported 2.3 million AI monthly active users. Cloud net revenue retention was approximately 120%, and the company signed a record number of deals above $1 million in annual contract value, which the shareholder letter says were up more than 2x year-over-year. Data Center to Cloud migrations for the year were up over 60%. The company also announced a multi-year strategic partnership with Google Cloud. For fiscal 2026, Atlassian guided to total revenue growth of approximately 18.0%, Cloud revenue growth of approximately 21.0%, GAAP operating margin of approximately (2.5%), and non-GAAP operating margin of approximately 24.0%. For the first quarter of fiscal 2026, it expects total revenue of $1,395 million to $1,403 million. The filing also disclosed that President Anu Bharadwaj will step down effective December 31, 2025, after almost twelve years with the company.

Aug 7, 2025 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (May 1, 2025)

Atlassian Corporation reported results for the quarter ended March 31, 2025 (fiscal Q3 2025), with total revenue of $1,356.7 million, up 14% year-over-year from $1,189.1 million. Subscription revenue was $1,272.9 million, up 19%, and Cloud revenue growth was 25% year-over-year. GAAP results were weaker: an operating loss of $12.5 million (operating margin of (1%)) and a net loss of $70.8 million, or $0.27 per diluted share. Non-GAAP operating income was $348.3 million (26% margin) and non-GAAP net income was $261.5 million, or $0.97 per diluted share. Cash flow from operations was $652.7 million and free cash flow was $638.3 million, a 47% free cash flow margin. Cash and marketable securities totaled $3.0 billion at quarter end. The shareholder letter attributes the strategic focus to a shift toward apps, agents and purchasable Collections, with Rovo AI at the center. Rovo is now included in all Premium and Enterprise editions of Jira, Confluence and Jira Service Management, with Standard editions to follow. Management acknowledged this will forgo some near-term revenue in exchange for long-term adoption and monetization. Data Center revenue growth slowed to 7%, and Marketplace and other revenue declined 5%, reflecting fewer multi-year Data Center contracts after a policy limiting Data Center contract duration to one year. For the fourth quarter of fiscal 2025, Atlassian guided to total revenue of $1,349 million to $1,359 million, with Cloud revenue growth of approximately 23.0%, Data Center growth of approximately 16.5%, and Marketplace and other growth of approximately flat. It expects a GAAP operating margin of approximately (5.0%) and a non-GAAP operating margin of approximately 22.0%. The company also reported 50,715 customers with more than $10,000 in Cloud ARR, up 14% year-over-year.

May 1, 2025 8-K

Atlassian 8-K Report, Executive Changes (Apr 14, 2025)

Atlassian Corporation (the "Company") filed this Current Report on Form 8-K under Item 5.02 to disclose two board changes. Director Enrique Salem notified the Company on April 9, 2025 of his decision to retire from the Board, effective April 14, 2025, after almost 12 years as a director. The Board and the Company thanked him for his contributions. On April 11, 2025, the Board appointed Karen Dykstra as a director effective April 14, 2025, and she will serve on the Audit Committee. The filing describes her as former Chief Financial Officer and Executive Vice President of VMware, Inc. from June 2023 through Broadcom Inc.'s acquisition of VMware in November 2023, and notes she also serves on the boards of Gartner Inc. and Arm Holdings Plc. Ms. Dykstra will receive the standard non-employee director compensation: a $55,000 annual retainer and an annual RSU award with a fair market value of $290,000, both pro-rated based on the time until the next annual stockholder meeting. The RSUs vest in full on the earlier of the one-year grant anniversary or the next annual meeting, subject to continued service, and all non-employee director RSUs have 100% accelerated vesting upon a sale of the Company. The filing also states she has an indemnification agreement with the Company and no related party transactions requiring disclosure.

Apr 14, 2025 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Jan 30, 2025)

Atlassian Corporation (NASDAQ: TEAM) reported results for its second quarter of fiscal year 2025, ended December 31, 2024, in a press release and shareholder letter furnished as Exhibits 99.1 and 99.2. Total revenue was $1,286.5 million, up 21% year-over-year, and subscription revenue was $1,213.2 million, up 30%. GAAP operating loss was $57.5 million (operating margin of (4%)), while non-GAAP operating income was $335.1 million (26% margin). GAAP net loss was $38.2 million, or $0.15 per diluted share, compared with a net loss of $84.5 million a year earlier. Non-GAAP net income was $255.6 million, or $0.96 per diluted share. Cash flow from operations was $351.9 million and free cash flow was $342.6 million, with a free cash flow margin of 27%. Cash and cash equivalents plus marketable securities totaled $2.5 billion at quarter end. Cloud revenue was $846.96 million, up from $653.21 million, and Data Center revenue was $362.28 million, up from $274.76 million. Server revenue was zero after end-of-support. The company also reported 49,449 customers with more than $10,000 in Cloud ARR, an increase of 15% year-over-year. For the third quarter of fiscal 2025, Atlassian expects total revenue of $1,345 million to $1,353 million, a GAAP operating margin of approximately (3.0%), and a non-GAAP operating margin of approximately 23.5%. For fiscal 2025, it raised its total revenue growth outlook to 18.5% to 19.0%, with Cloud revenue growth of approximately 26.5%, Data Center growth of approximately 21.5%, and Marketplace and other growth of approximately 8.5%. The GAAP operating margin outlook is approximately (4.0%), and the non-GAAP operating margin outlook is approximately 23.5%.

Jan 30, 2025 8-K

Atlassian 8-K Report, Executive Changes (Dec 19, 2024)

Atlassian Corporation's Form 8-K dated December 19, 2024 reports two board changes under Item 5.02. Jay Parikh notified the Company on December 16, 2024 of his decision to retire as a director, effective December 31, 2024, ending a tenure of more than 11 years on the Board. The filing describes his contributions as deeply appreciated by the Board and the Company. On December 18, 2024, the Board approved the appointment of Christian Smith as a director, effective January 1, 2025. Smith is currently Senior Vice President and Chief Revenue Officer of Splunk Inc., a wholly-owned subsidiary of Cisco Systems, Inc., and will serve on the Nominating and Corporate Governance Committee. He will receive a $55,000 annual retainer and an annual RSU award with a fair market value of $290,000, both pro-rated until the next annual meeting, with RSUs vesting on the earlier of the one-year grant anniversary or the next annual meeting, subject to continued service. The filing states there are no related party transactions requiring disclosure under Item 404(a) of Regulation S-K for Smith. It notes that the Company has ordinary course, arm's-length commercial contracts with Splunk and Cisco, in which Smith does not have a direct or indirect material interest, and that future such transactions are subject to the Company's related party transactions policy.

Dec 19, 2024 8-K

Atlassian 8-K Report, Shareholder Vote Results (Dec 12, 2024)

Atlassian Corporation held its 2024 Annual Meeting of Stockholders on December 11, 2024, and this Item 5.07 filing reports the voting results on three proposals described in its Proxy Statement filed October 23, 2024. Stockholders of record as of October 14, 2024 held 161,565,758 Class A shares and 98,977,705 Class B shares. Each Class A share carried one vote and each Class B share carried ten votes. All eleven director nominees received substantially more votes "For" than "Against" or "Abstain." The narrowest margin was for Richard P. Wong, with 1,075,271,956 For votes and 44,170,765 Against votes. Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025, with 1,126,597,701 For, 1,240,499 Against and 309,171 Abstain votes. In the advisory vote on fiscal year 2024 compensation for the named executive officers, the proposal received 1,093,072,495 For, 26,473,960 Against and 327,111 Abstain votes, with 8,273,805 broker non-votes. The filing reports these results without describing any further board or company action.

Dec 12, 2024 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Oct 31, 2024)

Atlassian Corporation reported first-quarter fiscal 2025 results for the quarter ended September 30, 2024, in a press release and shareholder letter furnished as Exhibits 99.1 and 99.2. Total revenue was $1,187.8 million, up 21% year-over-year, and subscription revenue was $1,131.9 million, up 33%. GAAP operating loss was $32.0 million (operating margin of (3%)), while non-GAAP operating income was $268.1 million (23% margin). Net loss was $123.8 million, or $0.48 per diluted share, compared with a net loss of $31.9 million a year earlier. Cash flow from operations was $80.5 million and free cash flow was $74.3 million, with the company citing higher annual employee bonus payouts for the year-over-year decline. Cash and cash equivalents plus marketable securities totaled $2.2 billion at quarter end. The company also announced a new share repurchase program of up to $1.5 billion of Class A Common Stock, to begin after the completion of the existing $1.0 billion program, with no fixed expiration date. Brian Duffy, formerly CEO of SoftwareOne and previously President of Cloud at SAP, was named Chief Revenue Officer effective January 1, 2025. The filing highlights the general availability of Rovo, an AI-powered product, and the company's enterprise focus. For fiscal 2025, Atlassian guided to total revenue growth of 16.5% to 17.0%, Cloud revenue growth of approximately 24.0%, and GAAP operating margin of (5.5%) to (5.0%), with non-GAAP operating margin of 22.0% to 22.5%. For the second quarter of fiscal 2025, it expects total revenue of $1,233 million to $1,241 million.

Oct 31, 2024 10-K

Atlassian Annual Report, Year Ended Jun 30, 2024

Atlassian Corporation (TEAM) reported fiscal year 2024 (ended June 30, 2024) total revenues of $4.36 billion, up 23% from $3.53 billion in fiscal 2023, with subscription revenue rising 34% to $3.92 billion and Cloud revenue rising 29% to $2.70 billion. Gross margin held at 82%, but operating expenses grew to $3.67 billion, leaving a GAAP operating loss of $117.1 million (compared with a $345.2 million loss in fiscal 2023) and a GAAP net loss of $300.5 million. Non-GAAP operating income was $1.01 billion, a 23% non-GAAP operating margin. Net cash provided by operating activities was $1.45 billion, and free cash flow was $1.42 billion. Stock-based compensation of $1.08 billion was the largest driver of the gap between GAAP and non-GAAP results. The balance sheet shows cash and cash equivalents of $2.18 billion and marketable securities of $162.0 million against $985.9 million of long-term debt. In May 2024 the company issued $500 million of 5.250% senior notes due 2029 and $500 million of 5.500% senior notes due 2034, and it repaid its $1.0 billion term loan. In August 2024 it replaced its prior credit facility with a $750 million senior unsecured revolving credit facility. The company repurchased about 2.2 million Class A shares for approximately $394.0 million during the year and had $451.8 million remaining under its $1.0 billion authorization. It also acquired Loom, Inc. in November 2023 for approximately $885.6 million in cash. Investors should weigh several risks noted in the filing. Class B shares carry ten votes each, and entities affiliated with the Co-Founders hold approximately 86% of the voting power. The company is shifting from Data Center and Server offerings to Cloud, which the filing says will modestly reduce gross margin. Server revenue fell 56% as maintenance support ended in February 2024. Securities class action and derivative litigation related to the August 2022 to November 2022 class period is ongoing, with the court dismissing the second amended complaint on August 13, 2024 and granting leave to file a third.

Aug 16, 2024 8-K

Atlassian 8-K Report, Material Agreement (Aug 13, 2024)

Atlassian Corporation (the "Company") entered into an Amended and Restated Credit Agreement on August 12, 2024, with Atlassian US, Inc., an indirect subsidiary, as borrower, and Bank of America, N.A., as administrative agent. The agreement provides for a $750,000,000 senior unsecured revolving credit facility that matures on August 12, 2029, and amends and restates the Company's existing credit agreement dated as of October 28, 2020. Borrowings bear interest at either Term SOFR plus a margin of 0.875% to 1.500% per annum, or a Base Rate plus a margin of 0.000% to 0.500% per annum. Margins are based on the consolidated leverage ratio, or, once the Company has Debt Ratings, the Borrower may irrevocably elect to base them on those ratings. The Borrower also pays an unused line fee, letter of credit fronting fees, and other customary fees, and may repay loans at any time without premium or penalty. The credit agreement includes customary covenants restricting mergers, asset dispositions, liens, and subsidiary indebtedness, subject to customary exceptions. It requires a consolidated leverage ratio not exceeding 3.50 to 1.00 at each fiscal quarter end, with an election to step up to 4.50 to 1.00 for fiscal quarters in which certain material acquisitions are consummated and the four fiscal quarters thereafter. The full agreement is to be filed with the Company's Annual Report on Form 10-K for the period ending June 30, 2024.

Aug 13, 2024 8-K

Atlassian 8-K Report, Financial Results (Aug 1, 2024)

Atlassian Corporation (NASDAQ: TEAM) reported results for the fourth quarter and fiscal year ended June 30, 2024 in a press release (Exhibit 99.1) and a shareholder letter (Exhibit 99.2), both dated August 1, 2024. Quarterly revenue was $1,131.6 million, up 20% year-over-year, with subscription revenue of $1,068.9 million, up 34%. GAAP operating loss was $67.0 million (operating margin of (6%)), while non-GAAP operating income was $222.0 million (20% margin). Fiscal 2024 revenue was $4.36 billion, up 23%, with fiscal 2024 free cash flow of $1,415.6 million, or a 32% margin as stated in the filing. Management highlighted enterprise cloud, AI (Atlassian Rovo and Atlassian Intelligence), and the System of Work as top strategic priorities. The company achieved FedRAMP "In Process" status and reported 45,842 customers with greater than $10,000 in Cloud ARR, up 18%. Customers spending over $1 million annually grew 48% year-over-year. Leadership changes were announced: co-founder Scott Farquhar is leaving the co-CEO role, Chief Sales Officer Kevin Egan is leaving after August, and a search is underway for a Chief Revenue Officer. For fiscal 2025, management guided total revenue growth of approximately 16%, Cloud revenue growth of approximately 23%, and Data Center revenue growth of approximately 20%. The GAAP operating margin outlook is approximately (6.0%) and the non-GAAP operating margin outlook is approximately 21.5%. Management also expects non-GAAP operating margin above 25% by FY27.

Aug 1, 2024 8-K

Atlassian 8-K Report, Executive Changes (Jul 24, 2024)

Atlassian Corporation (NASDAQ: TEAM) disclosed in this Form 8-K, filed July 24, 2024, that its Board of Directors approved the appointment of Scott Belsky as a director effective August 1, 2024. The Board also increased the number of directors constituting the full Board from 10 to 11. Mr. Belsky is currently Chief Strategy Officer and Executive Vice President, Design & Emerging Products of Adobe Inc., and he will serve on the Compensation and Leadership Development Committee. Mr. Belsky will participate in the Company's non-employee director compensation arrangements. He will receive a $55,000 annual retainer and an annual award of restricted stock units with a fair market value of $290,000, both pro-rated based on the time between the start date and the next annual meeting of stockholders. The RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting, subject to continued service, and all non-employee director RSUs accelerate fully upon a sale of the Company. He will also enter into the Company's standard indemnification agreement. The filing states that the Company has entered into, and expects to enter into, ordinary course, arm's-length commercial contracts with Adobe, and that Mr. Belsky has no direct or indirect material interest in those transactions. The filing also states there are no related party transactions requiring disclosure under Item 404(a) of Regulation S-K. The accompanying press release (Exhibit 99.1) announces the appointment and includes a statement from co-CEO Mike Cannon-Brookes.

Jul 24, 2024 8-K

Atlassian 8-K Report, Material Agreement (May 15, 2024)

Atlassian Corporation filed this Form 8-K on May 15, 2024 to report that it issued two series of senior unsecured notes. The company issued $500 million aggregate principal amount of 5.250% senior notes due 2029 and $500 million aggregate principal amount of 5.500% senior notes due 2034. The notes were offered under a prospectus dated May 6, 2024, which forms part of the company's shelf registration statement on Form S-3 (Registration No. 333-279132), and a prospectus supplement dated May 8, 2024. The notes were issued under a base indenture dated May 15, 2024, as supplemented by a first supplemental indenture of the same date, with U.S. Bank Trust Company, National Association, as trustee. Both series pay interest semi-annually on May 15 and November 15, beginning November 15, 2024. The indenture includes covenants limiting the company's ability to create certain liens and enter into certain sale and leaseback transactions, subject to stated limitations and exceptions. The filing also reports the creation of a direct financial obligation under Item 2.03 and lists exhibits including the indentures, a legal opinion from Latham & Watkins LLP, and the cover page interactive data file. The filing is signed by Joseph Binz, Chief Financial Officer.

May 15, 2024 8-K

Atlassian 8-K Report, Material Agreement (May 9, 2024)

Atlassian Corporation filed this Current Report on Form 8-K dated May 9, 2024 to report that on May 8, 2024 it entered into an underwriting agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the underwriters, for an underwritten public offering of $1.0 billion in senior notes. The offering consists of $500 million aggregate principal amount of 5.250% senior notes due 2029 and $500 million aggregate principal amount of 5.500% senior notes due 2034. The notes are being sold under an effective automatic shelf registration statement on Form S-3 (Registration No. 333-279132), with a base prospectus dated May 6, 2024 and a prospectus supplement dated May 8, 2024. The Notes Offering is expected to close on May 15, 2024, subject to customary closing conditions. The company states it intends to use the net proceeds to repay in full its existing credit facility, which provides for a $1 billion senior unsecured delayed-draw term loan and a $500 million senior unsecured revolving credit facility. Any remaining proceeds may be used for other general corporate purposes. The filing notes that certain underwriters and their affiliates are lenders under the Credit Facility and may therefore receive a portion of the proceeds through repayment of that debt. For investors, the filing primarily signals a refinancing of the company's bank borrowings with longer-dated fixed-rate unsecured debt, extending maturities to 2029 and 2034. The filing contains only the underwriting agreement terms and offering details; it does not include financial results or other operating information.

May 9, 2024 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Apr 25, 2024)

Atlassian Corporation filed this Form 8-K on April 25, 2024 to furnish its results for the third quarter ended March 31, 2024, and to announce a leadership transition. Total revenue was $1,189.1 million, up 30% from $915.5 million a year earlier, with subscription revenue of $1,071.4 million, up 41% year-over-year. GAAP operating income was $17.8 million (a 1% operating margin), compared with an operating loss of $161.6 million in the prior-year quarter. Net income was $12.8 million, or $0.05 per diluted share. Non-GAAP operating income was $316.5 million (27% margin) and free cash flow was $554.9 million, up 59% year-over-year per the shareholder letter. Cloud revenue was $703.0 million, up 31% year-over-year per the shareholder letter, and Data Center revenue was $364.1 million, up 64%. Management attributed the Data Center and Marketplace outperformance largely to Server-to-Data Center migrations and customer purchases ahead of price changes. The company also reported 44,336 customers with Cloud ARR above $10,000, up 19% year-over-year. Co-founder Scott Farquhar will step down as co-Chief Executive Officer effective August 31, 2024, and will remain on the board as a special advisor. Mike Cannon-Brookes, the other co-founder and co-CEO, will continue as sole Chief Executive Officer. For the fourth quarter of fiscal 2024, the company guided to total revenue of $1,120 million to $1,135 million and a GAAP operating margin of approximately (7.0%).

Apr 25, 2024 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Feb 1, 2024)

Atlassian Corporation (NASDAQ: TEAM) furnished this Form 8-K under Item 2.02 to report results for its second quarter fiscal year 2024, ended December 31, 2023. Total revenue was $1,060.1 million, up 21% from $872.7 million a year earlier, and subscription revenue was $932.2 million, up 31% year-over-year. The company reported a GAAP operating loss of $49.1 million (GAAP operating margin of (5%)), compared with an operating loss of $99.2 million in the prior-year quarter, and a GAAP net loss of $84.5 million, or $0.33 per diluted share. On a non-GAAP basis, operating income was $250.6 million (24% margin) and net income was $189.5 million, or $0.73 per diluted share. Operating cash flow was $289.6 million and free cash flow was $284.3 million. Cash and cash equivalents plus marketable securities totaled $1.6 billion at quarter end. The results include the acquisition of Loom, which closed on November 30, 2023. Cloud revenue was $653.2 million in the quarter, and Data Center revenue was $274.8 million, while Server revenue declined to $69.2 million. Management highlighted the first $1 billion revenue quarter, more than 300,000 customers, and 42,864 customers with greater than $10,000 in Cloud ARR, an increase of 18% year-over-year. The company also described the general availability of Atlassian Intelligence capabilities and continued migrations from Server and Data Center to Cloud. For fiscal year 2024, the company provided targets including total Cloud revenue growth of 28.5% to 30.5%, Data Center revenue growth of approximately 36%, GAAP operating margin of (6.5%) to (6.0%), and non-GAAP operating margin of 20.5% to 21.0%. For the third quarter of fiscal 2024, it expects total revenue of $1,085 million to $1,105 million and a GAAP operating margin of approximately (7.5%).

Feb 1, 2024 8-K

Atlassian 8-K Report, Shareholder Vote Results (Dec 7, 2023)

Atlassian Corporation held its 2023 Annual Meeting of Stockholders on December 6, 2023, and reported the voting results in this Form 8-K. As of the October 9, 2023 record date, 155,167,974 shares of Class A Common Stock and 103,047,371 shares of Class B Common Stock were outstanding and entitled to vote. Class B shares carry ten votes each and Class A shares carry one vote each. The proposals are described in the Company's 2023 Proxy Statement filed October 18, 2023. All ten director nominees received more votes For than Against. Shona L. Brown received 1,149,984,616 For votes against 4,620,202 Against, and Richard P. Wong received 1,121,196,139 For votes against 31,625,390 Against, the largest Against count among nominees. Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2024, with 1,161,094,745 For votes against 1,019,355 Against. The advisory say-on-pay vote on fiscal year 2023 named executive officer compensation received 1,125,653,690 For votes against 28,802,909 Against. On the frequency of future say-on-pay votes, 1,152,753,298 votes favored an annual vote, compared with 58,299 for two years and 1,842,176 for three years. Following this result and the Board's recommendation, the Company will hold advisory compensation votes every year until stockholders are asked again.

Dec 7, 2023 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (Nov 2, 2023)

Atlassian Corporation reported first quarter fiscal year 2024 results for the quarter ended September 30, 2023, in a press release and shareholder letter furnished under Item 2.02. Total revenue was $977.8 million, up 21% year-over-year, with subscription revenue of $852.0 million, up 31%. GAAP operating loss was $18.9 million (operating margin of (2)%), compared with an operating loss of $34.0 million a year earlier, and GAAP net loss was $31.9 million, or $0.12 per diluted share. On a non-GAAP basis, operating income was $224.9 million (23% margin) and net income was $169.0 million, or $0.65 per diluted share. Cash flow from operations was $167.0 million and free cash flow was $163.3 million. Cash and marketable securities totaled $2.2 billion at quarter end. Cloud revenue was $604.6 million, up from $475.0 million, and Data Center revenue was $242.9 million, up from $171.2 million. Customers with more than $10,000 in Cloud ARR reached 40,103, an increase of 18% year-over-year. The company also highlighted general availability of Compass and AI-powered virtual agents in Jira Service Management, and announced agreements to acquire Loom and AirTrack. The Loom acquisition is expected to close in the third quarter of fiscal 2024, subject to closing conditions and regulatory approval, and the company's guidance excludes its impact. For the second quarter of fiscal 2024, Atlassian guided to total revenue of $1,010 million to $1,030 million, with GAAP operating margin of approximately (7.5%) and non-GAAP operating margin of approximately 21.0%. For full fiscal 2024, it expects Cloud revenue growth of 25% to 30%, Data Center revenue growth of approximately 31%, GAAP operating margin of approximately (5.5%), and non-GAAP operating margin of approximately 20.0%. The shareholder letter notes that macroeconomic headwinds and Server end-of-support in February 2024 add variability to revenue growth.

Nov 2, 2023 10-K

Atlassian Annual Report, Year Ended Jun 30, 2023

Atlassian Corporation (NASDAQ: TEAM) reported fiscal year 2023 (ended June 30, 2023) total revenues of $3.53 billion, up 26% from $2.80 billion in fiscal 2022, driven by subscription revenue of $2.92 billion (up 39%). Cloud revenue rose to $2.09 billion and Data Center to $819.3 million, while Server revenue fell 24% to $400.5 million as the company stopped selling new perpetual licenses and plans to end Server maintenance in February 2024. The company had more than 260,000 customers as of June 30, 2023 (262,337 per the key metrics table). Atlassian reported a GAAP operating loss of $345.2 million and a net loss of $486.8 million, compared with a net loss of $519.5 million in fiscal 2022. The loss was driven by $937.8 million of stock-based compensation, a $96.9 million restructuring charge tied to a March 2023 rebalancing that eliminated about 500 roles, and a $110.7 million reserve for uncertain tax positions related to Australian transfer pricing negotiations. Operating cash flow was $868.1 million and free cash flow was $842.5 million. Cash and cash equivalents were $2.10 billion against $1.0 billion of term loan borrowings. The company repurchased about $154.2 million of Class A stock during the year and had $845.8 million remaining under its $1.0 billion authorization. Class B shares, held mainly by the Co-CEOs, carry about 87% of the voting power. A securities class action filed in February 2023 is pending. The filing also covers the September 30, 2022 redomestication from Atlassian Corporation Plc, an England and Wales company, to a Delaware corporation, after which the company became a U.S. domestic filer that reports under GAAP rather than IFRS. Management says the company expects customer migrations from on-premises to Cloud and Data Center offerings to drive subscription growth, while gross margin is expected to decline because of hosting costs tied to the shift to Cloud.

Aug 18, 2023 8-K

Atlassian 8-K Report, Financial Results (Aug 3, 2023)

Atlassian Corporation reported fourth-quarter and fiscal year 2023 results for the period ended June 30, 2023, in a press release and shareholder letter furnished as Exhibits 99.1 and 99.2. Quarterly revenue was $939.1 million, up 24% from $759.8 million a year earlier, with subscription revenue of $799.7 million, up 34% year-over-year. GAAP operating loss was $50.4 million (operating margin of (5)%), while non-GAAP operating income was $202.8 million (22% margin). Cash flow from operations was $272.8 million and free cash flow was $270.4 million for the quarter. For fiscal 2023, total revenue was $3.5 billion, up 26%, GAAP net loss was $486.8 million, and non-GAAP net income was $492.3 million. Cash and cash equivalents plus marketable securities totaled $2.1 billion at quarter end. The company also provided guidance for the first quarter of fiscal 2024: total revenue of $950 million to $970 million, cloud revenue growth of 25% to 27%, and a GAAP operating margin of approximately (8.5%) (non-GAAP approximately 19.5%). For fiscal 2024, it expects cloud revenue growth of 25% to 30%, a GAAP operating margin of approximately (8.0%), and a non-GAAP operating margin of approximately 18.5%. The shareholder letter states the company expects operating margins to begin expanding in fiscal 2025, trending toward historical levels. The filing also discloses that Chief Revenue Officer Cameron Deatsch will step down effective December 31, 2023, after almost eleven years with the company.

Aug 3, 2023 8-K

Atlassian 8-K Report, Corporate Update (May 26, 2023)

Atlassian Corporation (NASDAQ: TEAM) filed this Form 8-K on May 26, 2023 under Item 8.01 (Other Events) to announce that co-CEOs and co-founders Scott Farquhar and Mike Cannon-Brookes each adopted new Rule 10b5-1 stock trading plans in February 2023. The press release furnished as Exhibit 99.1 states the plans were adopted to allow the executives to sell a portion of their Atlassian stock over time for individual asset diversification and liquidity, and that the planned sale percentages are consistent with those in prior plans adopted each year since the December 2015 IPO. The sales are scheduled to be spread over one year, beginning when the current trading plans expire in June 2023, to reduce market impact on any given day. All sales remain subject to Rule 144 volume limitations. Each executive intends to sell up to approximately 2.08 million shares of Class B Common Stock, which will convert to Class A before sale. The filing also details the founders' ownership and control. Together they hold approximately 105.12 million Class B and 383,560 Class A shares, representing about 40.92% of combined Class A and Class B stock and about 87.35% of voting power. If all planned sales are completed, they would retain about 101.25 million Class B shares, or about 39.27% of combined stock and about 86.61% of voting power, assuming no other issuances, repurchases, sales or conversions occur. Each Class B share carries ten votes and each Class A share carries one vote.

May 26, 2023 10-Q

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 8-K

Atlassian 8-K Report, Financial Results (May 4, 2023)

Atlassian Corporation filed this Form 8-K on May 4, 2023, under Item 2.02 (Results of Operations and Financial Condition) to furnish its results for the quarter ended March 31, 2023 (fiscal third quarter 2023). The company reported total revenue of $915.5 million, up 24% from $740.5 million a year earlier, with subscription revenue of $760.7 million, up 37% from $555.1 million. Cloud revenue was $534.9 million versus $399.5 million, and Data Center revenue was $221.6 million versus $151.1 million. GAAP operating loss was $161.6 million (operating margin of (18)%), compared with operating income of $32.9 million in the prior-year quarter, and the GAAP net loss was $209.0 million, or $0.81 per diluted share. The filing attributes these results to restructuring charges of $97.8 million tied to rebalancing resources and consolidating leases. On a non-GAAP basis, operating income was $197.1 million (operating margin of 22%) and net income was $138.0 million, or $0.54 per diluted share. Free cash flow was $349.7 million, and cash flow from operations was $352.4 million. Cash and cash equivalents plus marketable securities totaled $2.0 billion at quarter end. Customers reached 259,775, with 6,598 net new customers added in the quarter. For the fourth quarter of fiscal 2023, the company guided to total revenue of $900 million to $920 million, cloud revenue growth of 26% to 28% year-over-year, and a GAAP operating margin of approximately (11.0%) versus a non-GAAP operating margin of approximately 17.0%. The accompanying shareholder letter also describes the roughly 500 employees affected by the rebalancing and highlights Atlassian Intelligence, an AI virtual teammate introduced at Team '23.

May 4, 2023 8-K

Atlassian 8-K Report, Corporate Update (Mar 6, 2023)

On March 6, 2023, Atlassian Corporation announced a rebalancing of resources that eliminates certain roles affecting about 500 full-time employees, or approximately 5% of its current workforce. The Company says these actions are meant to position it to execute against its largest growth opportunities by continuing to invest in strategic areas, aligning talent with customer needs and business priorities, and optimizing for operational efficiency. Position eliminations in each country are subject to local law and consultation requirements. The Company estimates total charges of approximately $70 million to $75 million. Of this, approximately $27 million to $29 million is expected to result in future cash outlays for severance, notice period, employee transition and benefits payments. The remaining approximately $43 million to $46 million is expected to be non-cash, consisting of accelerated vesting of share-based awards and exit charges tied to office space reductions. The majority of charges are expected in the third quarter of fiscal 2023, and execution, including cash payments, is expected to be substantially complete by the end of the fourth quarter of fiscal 2023. The Company cautions that actual expenses may differ materially from these estimates and that other unanticipated charges may arise. Exhibit 99.1, a founder update from Scott Farquhar and Mike Cannon-Brookes, states that the decision is not a reflection of Atlassian's own financial performance and that the Company will reinvest in roles supporting its priorities, particularly cloud migrations, ITSM, and serving enterprise customers in the cloud. The update describes a separation package of 15 weeks plus one week per year of service, six months of employer-sponsored healthcare benefits, accelerated vesting for the May 2023 quarterly vesting event, and internal mobility support.

Mar 6, 2023 8-K

Atlassian 8-K Report, Executive Changes (Feb 6, 2023)

Atlassian Corporation filed this Form 8-K on February 6, 2023 under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) to announce the promotion of Anutthara Bharadwaj to President, effective immediately. Ms. Bharadwaj, age 40, was previously the Company's Chief Operating Officer, a role she has held since August 2021. The filing describes Ms. Bharadwaj's background at the Company, where she held several product leadership roles from January 2014 to July 2021, including Vice President of Product, Head of Product, Atlassian Cloud, Head of Product Strategy, Atlassian, and Head of Product, Jira. She previously held leadership positions at Microsoft Corporation, most recently as Principal Group Program Manager. She holds a Bachelor of Engineering in Computer Science from R.V. College of Engineering. The filing states that there are no arrangements or understandings between Ms. Bharadwaj and any other person under which she was promoted, no family relationships with the Company's directors or other executive officers, and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. The filing does not disclose any change in her compensation.

Feb 6, 2023 10-Q

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 8-K

Atlassian 8-K/A Report, Financial Results (Feb 3, 2023)

Atlassian Corporation filed Amendment No. 1 to its February 2, 2023 Form 8-K to furnish a corrected version of the press release (Exhibit 99.1) announcing second-quarter fiscal 2023 results for the quarter ended December 31, 2022. The amendment corrects errors in the "Changes in operating assets and liabilities" line of the cash flow statement for the three months ended December 31, 2021. The 8-K also furnishes the shareholder letter (Exhibit 99.2) and discloses a $1 billion Class A Common Stock repurchase program authorized by the Board. For the quarter, total revenue was $872.7 million, up 27% year-over-year, and subscription revenue was $711.2 million, up 40%. GAAP operating loss was $99.2 million, an operating margin of (11)%, while non-GAAP operating margin was 20%. GAAP net loss was $205.0 million, or $0.80 per diluted share, including a non-recurring income tax charge of $83.1 million ($0.32 per diluted share). Non-GAAP net income was $114.7 million, or $0.45 per diluted share. Cash flow from operations was $150.5 million and free cash flow was $146.5 million, both after a discrete tax payment of $57.0 million. Cash and short-term investments totaled $1.7 billion at quarter end. Management's financial targets call for third-quarter fiscal 2023 total revenue of $890 million to $910 million, with GAAP operating margin of approximately (14)% and non-GAAP operating margin of approximately 15%. For fiscal 2023, total revenue growth is expected to be approximately 25% year-over-year, cloud revenue growth 35% to 40%, and non-GAAP operating margin approximately 17%, against a GAAP operating margin of approximately (11)%.

Feb 3, 2023