Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 273

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 273
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 27 %

Research and development expenses increased $143.4 million, or 27%, in the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The overall increase was primarily attributable to an increase of $133.2 million in compensation expenses for employees (which includes an increase of $72.5 million in stock-based compensation).

Marketing and Sales Three Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeMarketing and sales$271,894 220,513 $51,381 23 %

Marketing and sales expenses increased $51.4 million, or 23%, for the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The overall increase was primarily attributable to an increase of $33.0 million in compensation expenses for employees (which includes an increase of $5.1 million in stock-based compensation), and an increase of $12.5 million in advertising and marketing event expenses.

General and Administrative Three Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeGeneral and administrative$168,708 157,344 $11,364 7 %

General and administrative expenses increased $11.4 million, or 7%, in the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The overall increase was primarily attributable to an increase of $13.6 million in compensation expense for employees (which includes an increase of $7.5 million in stock-based compensation). 

Other Expense, net Three Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeOther expense, net$(7,999)$(4,639)$(3,360)72 %

Other expense, net increased $3.4 million, or 72%, in the three months ended December 31, 2024, compared to the three months ended December 31, 2023. The increase in other expense was primarily attributable to an increase of $2.0 million in contributions to the Atlassian Foundation, and an increase of $1.2 million in net loss related to strategic investments.

Interest Income

 Three Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeInterest income25,586 22