Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 271

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 271
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 Total operating expenses1,120,815 87 914,636 87 2,122,950 86 1,733,251 85 Operating loss(57,479)(4)(49,062)(5)(89,457)(4)(67,931)(3)Other expense, net(7,999)(1)(4,639)— (27,431)(1)(12,974)(1)Interest income25,586 2 22,593 2 54,150 2 47,819 2 Interest expense(7,291)(1)(9,001)(1)(14,609)(1)(17,977)(1)Loss before income taxes(47,183)(4)(40,109)(4)(77,347)(4)(51,063)(3)Provision for (benefit from) income taxes(8,975)(1)44,360 4 84,630 3 65,289 3 Net loss$(38,208)(3)%$(84,469)(8)%$(161,977)(7)%$(116,352)(6)%

29

Three Months Ended December 31, 2024 and 2023

Revenues Three Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeSubscription$1,213,248 $932,181 $281,067 30 %Other73,215 127,929 (54,714)(43)Total revenues$1,286,463 $1,060,110 $226,353 21 %

Total revenues increased $226.4 million, or 21%, in the three months ended December 31, 2024 compared to the three months ended December 31, 2023. Growth in total revenues was primarily attributable to increased demand for our products from existing customers. Of total revenues recognized in the three months ended December 31, 2024, over 90% were attributable to sales to customer accounts existing on or before September 30, 2024.

Subscription revenues increased $281.1 million, or 30%, in the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The increase in subscription revenues was primarily attributable to paid seat expansion from our existing customers, price increases, and migrations.

Other revenues decreased $54.7 million, or 43%, in