Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 258

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 258
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 in the balances of deferred revenue are as follows (in thousands): Three Months Ended December 31,Six Months Ended December 31,2024202320242023Balance, beginning of period$2,012,820 $1,501,081 $2,114,736 $1,545,479 Additions1,469,888 1,212,912 2,555,753 2,146,289 Revenue(1,286,463)(1,060,110)(2,474,244)(2,037,885)Balance, end of period$2,196,245 $1,653,883 $2,196,245 $1,653,883 For the three months ended December 31, 2024 and 2023, approximately 41% and 38% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year, respectively. For the six months ended December 31, 2024 and 2023, approximately 51% and 48% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year, respectively.

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Deferred Contract Acquisition CostsThe changes in the balances of deferred contract acquisition costs are as follows (in thousands):Three Months Ended December 31,Six Months Ended December 31,2024202320242023Balance, beginning of period$83,444 $54,530 $79,711 $53,604 Additions23,833 20,365 36,063 26,479 Amortization expense(10,026)(5,792)(18,523)(10,980)Balance, end of period$97,251 $69,103 $97,251 $69,103 Deferred contract acquisition costs included in:Prepaid expenses and other current assets$36,578 $24,047 Other non-current assets60,673 45,056 Total$97,251 $69,103 The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. There were no impairment losses recorded during the periods presented.

12. Stockholders’ EquityStock-based CompensationA summary of restricted stock unit (“RSU”) activity for the six months ended December 31, 2024 was as follows (in thousands except share and per share data):Number of SharesWeighted Average Grant Date Fair ValueAggregate