Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 250

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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 and, therefore, is not considered in measuring fair value. This amendment also requires public entities to add certain disclosures for equity securities subject to contractual sale restrictions. The Company prospectively adopted this standard effective July 1, 2024. The adoption did not have a material impact on the Company’s condensed consolidated financial statements and disclosures.

3. Fair Value MeasurementsThe following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2025, by level within the fair value hierarchy (in thousands):Level 1Level 2TotalAssets measured at fair valueCash and cash equivalents:Money market funds$1,983,133 $— $1,983,133 U.S. treasury securities— 9,975 9,975 Marketable securities:U.S. treasury securities— 116,256 116,256 Agency securities— 3,226 3,226 Certificates of deposit and time deposits— 10,000 10,000 Commercial paper— 11,702 11,702 Corporate debt securities— 172,408 172,408 Derivative financial instruments— 5,194 5,194 Total assets measured at fair value$1,983,133 $328,761 $2,311,894 Liabilities measured at fair valueDerivative financial instruments$— $23,518 $23,518 Total liabilities measured at fair value$— $23,518 $23,518 The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2024, by level within the fair value hierarchy (in thousands):Level 1Level 2TotalAssets measured at fair valueCash and cash equivalents:Money market funds$1,563,234 $— $1,563,234 Marketable securities:U.S. treasury securities— 52,517 52,517 Agency securities— 3,199 3,199 Certificates of deposit and time deposits— 10,000 10,000 Commercial paper— 20,010 20,010 Corporate debt securities— 76,247 76,247 Derivative financial instruments— 9,292 9,292 Total assets measured at fair value$1,563,234 $171,265 $1,734,499 Liabilities measured at fair valueDerivative