Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 97

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 7
Chunk 97
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produce alternative views regarding certain tax positions taken in the year(s) of review. As a result, we record uncertain tax positions, which require recognition at the time when it is deemed more likely than not that the position in question will be upheld. Although management believes that the judgment and estimates involved are reasonable and that the necessary provisions have been recorded, changes in circumstances or unexpected events could adversely affect our financial position, results of operations, and cash flows.

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 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):

 Fiscal Year Ended June 30,2025% of Total Revenues2024% of Total RevenuesRevenues:  Subscription$4,930,604 95 %$3,924,389 90 %Other284,700 5 434,214 10 Total revenues5,215,304 100 4,358,603 100 Cost of revenues894,851 17 803,495 18 Gross profit4,320,453 83 3,555,108 82 Operating expenses:Research and development2,669,312 51 2,184,111 50 Marketing and sales1,134,535 22 877,497 20 General and administrative646,998 12 610,577 14 Total operating expenses4,450,845 85 3,672,185 84 Operating loss(130,392)(2)(117,077)(2)Other income (expense), net(50,277)(1)(30,916)(1)Interest income112,324 2 96,663 2 Interest expense(30,550)(1)(34,077)(1)Loss before provision for income taxes(98,895)(2)(85,407)(2)Provision for income taxes(157,792)(3)(215,112)(5)Net loss$(256,687)(5)%$(300,519)(7)%

Fiscal Years Ended June 30, 2025 and 2024

Revenues Fiscal Year Ended June 30,(in thousands, except percentage data)20252024$ Change% ChangeSubscription$4,930