Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 248

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 248
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 securities130,075 257 (52)130,280 Total marketable securities$251,202 $534 $(107)$251,629 The Company’s investments of marketable securities as of June 30, 2024, consisted of the following (in thousands): Amortized CostUnrealized GainsUnrealized LossesFair ValueU.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 by remaining contractual maturity based on their effective maturity dates (in thousands):December 31, 2024June 30, 2024Due in one year or less$95,456 $101,543 Due in one year through five years156,173 60,430 Total marketable securities$251,629 $161,973 The Company regularly reviews the changes to the rating of its marketable securities by rating agencies and monitors the surrounding economic conditions to assess the risk of expected credit losses. As of December 31, 2024, and June 30, 2024, unrealized losses and the related risk of expected credit losses were not material.Strategic InvestmentsCarrying value of privately held debt securitiesThe Company’s investments of privately held debt securities as of December 31, 2024, consisted of the following (in thousands):Amortized CostUnrealized GainsUnrealized LossesFair ValuePrivately held debt securities$7,350 $— $(3,350)$4,000 The Company’s investments of privately held debt securities as of June 30, 2024, consisted of the following (in thousands):Amortized CostUnrealized GainsUnrealized LossesFair ValuePrivately held debt securities$6,800 $— $(3,350)$3,450 

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Carrying value of privately held equity securitiesPrivately held equity securities are measured using the measurement alternative. The carrying value is measured as the total initial cost plus the cumulative net gain (loss). The carrying values for privately