Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 343

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 343
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 assets and liabilities at the date of the condensed consolidated financial statements, as well as the reported revenues and expenses during the reporting periods. These items are monitored and analyzed by us for changes in facts and circumstances, and material changes in these estimates could occur in the future. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Changes in estimates are reflected in reported results for the period in which they become known. Actual results may differ from these estimates under different assumptions or conditions, and such differences could be material.

There have been no significant changes to our critical accounting policies and estimates during the three months ended September 30, 2025, as compared to the critical accounting estimates disclosed in Management’s Discussion and Analysis of Financial Results of Operations included in our Annual Report on Form 10-K for fiscal year 2025.

New Accounting Pronouncements Pending Adoption

The impact of recently issued accounting standards is set forth in Note 2, “Summary of Significant Accounting Policies,” of the notes to our condensed consolidated financial statements.

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Results of Operations

The following table sets forth our results of operations for the periods indicated (in thousands, except for percentages of total revenues):

 Three Months Ended September 30, 2025% of Total Revenues2024% of Total RevenuesRevenues: Subscription$1,374,502 96 %$1,131,948 95 %Other58,051 4 55,833 5 Total revenues1,432,553 100 1,187,781 100 Cost of revenues257,924 18 217,624 18 Gross profit1,174,629 82 970,157 82 Operating expenses:Research and development755,994 53 603,101 51 Marketing and sales336,427 24 252,393 21 General and administrative178,545 12 146,641 13 Total operating expenses1,270,966 89 1,002,135 85 Operating loss(96,337)(7)(31,978)(3)Other income (expense), net18,804 1 (19,432)(2)Interest income29,845 2 28,564 2 Interest expense(8,636)— (7,318)— Loss before income