Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 134

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 8
Chunk 134
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 The carrying value of the Company’s privately held equity securities are adjusted on a non-recurring basis upon observable price changes in orderly transactions for identical or similar investments of the same issuer, or impairment (referred to as the measurement alternative). Privately held equity securities that have been remeasured during the period based on observable price changes in orderly transactions are classified within Level 2 or Level 3 in the fair value hierarchy because the Company estimates the value based on valuation methods which may include a combination of the observable transaction price at the transaction date and other unobservable inputs including volatility, rights and preferences of the investments, and obligations of the securities the Company holds. The fair value of privately held equity securities that have been remeasured due to impairment are classified within Level 3. The Company’s privately held debt and equity securities amounted to $168.8 million and $148.7 million as of June 30, 2025 and June 30, 2024, respectively.

4. InvestmentsMarketable SecuritiesThe Company’s investments of marketable securities as of June 30, 2025, consisted of the following (in thousands): Amortized CostUnrealized GainsUnrealized LossesFair ValueMarketable securitiesU.S. treasury securities$176,338 $388 $(65)$176,661 Agency securities3,197 19 — $3,216 Certificates of deposit and time deposits10,000 — — $10,000 Commercial paper19,697 — — $19,697 Corporate debt securities214,190 527 (23)$214,694 Total marketable securities$423,422 $934 $(88)$424,268 The Company’s investments of marketable securities as of June 30, 2024, consisted of the following (in thousands): Amortized CostUnrealized GainsUnrealized LossesFair ValueMarketable debt securitiesU.S. treasury securities$52,570 $30 $(83)$52,517 Agency securities3,194 5 — 3,199 Certificates of deposit and time deposits10,000 — — 10,000 Commercial paper20,010 — — 20,010 Corporate debt securities76,386 7 (146)76,247 Total marketable securities$162,160 $42 $(229)$161,973 The table below summarizes the Company’s marketable securities