Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 266

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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 includes an increase of $2.2 million in stock-based compensation), and an increase of $4.4 million in legal fees. In addition, we recorded restructuring charges of $3.7 million in the three months ended September 30, 2025 related to impairment charges for a lease and leasehold improvements.

Other Income (Expense), net Three Months Ended September 30,  (in thousands, except percentage data)20252024$ Change% ChangeOther income (expense), net$18,804 $(19,432)$38,236 (197)%

Other income (expense), net increased $38.2 million, or 197%, in the three months ended September 30, 2025, compared to the three months ended September 30, 2024. The overall increase in other income (expense) was primarily attributable to an increase of $24.7 million in unrealized gains on public equity investments and a decrease of $15.3 million in expense related to our share of loss from an equity method investment.

Interest Income

 Three Months Ended September 30,(in thousands, except percentage data)20252024$ Change% ChangeInterest income29,845 28,564 $1,281 4 %

Interest income increased $1.3 million, or 4% in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase was primarily attributable to an increase in investment income as a result of increased invested cash balances.

Interest Expense Three Months Ended September 30,(in thousands, except percentage data)20252024$ Change% ChangeInterest expense$(8,636)$(7,318)$(1,318)18 %

Interest expense increased $1.3 million, or 18% in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase was primarily attributable to the amortization of interest rate swap contracts. 

Provision for (Benefit from) Income Taxes Three Months Ended September 30,  (in thousands, except percentage data)20252024$ Change% ChangeProvision for (benefit from) income taxes$(4,454)$93,605 $(98,059)*Effective tax rate**  

*    Not meaningful

Provision for (benefit from) income taxes decreased $98.1 million for the three months ended September 30, 202