Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 262

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 262
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 included in Other revenues within the Company’s condensed consolidated statements of operations.Deferred Revenue The Company records deferred revenues when cash payments are received or due in advance of the Company satisfying its performance obligations, including amounts which are refundable. The changes in the balances of deferred revenue are as follows (in thousands): Three Months Ended March 31,Nine Months Ended March 31,2025202420252024Balance, beginning of period$2,196,245 $1,653,883 $2,114,736 $1,545,479 Additions1,528,674 1,490,810 4,084,427 3,637,099 Revenue(1,356,716)(1,189,128)(3,830,960)(3,227,013)Balance, end of period$2,368,203 $1,955,565 $2,368,203 $1,955,565 

19

For the three months ended March 31, 2025 and 2024, approximately 25% and 21% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year, respectively. For the nine months ended March 31, 2025 and 2024, approximately 42% and 38% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year, respectively.Deferred Contract Acquisition CostsThe changes in the balances of deferred contract acquisition costs are as follows (in thousands):Three Months Ended March 31,Nine Months Ended March 31,2025202420252024Balance, beginning of period$97,251 $69,103 $79,711 $53,604 Additions17,462 9,613 53,525 36,092 Amortization expense(10,296)(6,875)(28,819)(17,855)Balance, end of period$104,417 $71,841 $104,417 $71,841 Deferred contract acquisition costs included in:Prepaid expenses and other current assets$40,164 $25,861 Other non-current assets64,253 45,980 Total$104,417 $71,841 The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. There were no impairment losses recorded during the periods presented.

12. Stockholders’ EquityStock-based