Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 353

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 353
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 intangible assets13,650 13,882 Plus: Restructuring charges (3)55,678 — Non-GAAP operating income$322,686 $268,050 Operating marginGAAP operating margin(7)%(3)%Plus: Stock-based compensation2525Plus: Amortization of acquired intangible assets11Plus: Restructuring charges (3)4—Non-GAAP operating margin23%23%Net incomeGAAP net loss$(51,870)$(123,769)Plus: Stock-based compensation349,695 286,146 Plus: Amortization of acquired intangible assets13,650 13,882 Plus: Restructuring charges (3)55,678 — Adjustment for: Income tax (1)(91,502)23,441 Non-GAAP net income$275,651 $199,700 Net income per shareGAAP net loss per share - diluted$(0.20)$(0.48)Plus: Stock-based compensation1.33 1.11 Plus: Amortization of acquired intangible assets0.05 0.05 Plus: Restructuring charges (3)0.21 — Adjustment for: Income tax (1)(0.35)0.09 Non-GAAP net income per share - diluted$1.04 $0.77 Weighted-average diluted shares outstandingWeighted-average shares used in computing diluted GAAP net loss per share262,991 260,477 Plus: Dilution from dilutive securities (2)1,323 298 Weighted-average shares used in computing diluted non-GAAP net income per share264,314 260,775 Free cash flowGAAP net cash provided by operating activities$128,715 $80,492 Less: Capital expenditures(14,112)(6,151)Free cash flow$114,603 $74,341 

37

(1) We utilize a fixed long-term projected non-GAAP tax rate in our computation of the non-GAAP income tax adjustments in order to provide better consistency across interim reporting periods. In projecting this long-term non-GAAP tax rate, we utilized a three-year financial projection that excludes the direct and indirect income tax effects of the other non-GAAP adjustments reflected above. Additionally, we considered our current operating structure and other factors such as our existing tax positions in various jurisdictions and key legislation in major jurisdictions where we operate. For