Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 14

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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930 

15

6. Property and EquipmentProperty and equipment, net consisted of the following (in thousands):September 30, 2025June 30, 2025Equipment$15,949 $15,008 Computer hardware and software60,081 58,559 Furniture and fittings25,322 25,217 Leasehold improvements and other152,444 154,113 Property and equipment, gross253,796 252,897 Less: accumulated depreciation(154,085)(147,779)Property and equipment, net$99,711 $105,118 Depreciation expense was $10.7 million and $8.9 million for the three months ended September 30, 2025, and 2024, respectively.During the three months ended September 30, 2025, the Company recorded a $1.1 million impairment charge, which is recorded in leasehold improvements and other, as a result of its facilities consolidation restructuring efforts. Refer to Note 14, “Restructuring,” for additional information.

7. Business CombinationsCompleted AcquisitionDuring the first quarter of fiscal year 2026, the Company completed an acquisition to expand Atlassian’s product and service offerings. The transaction was accounted for as a business combination and was not material to the condensed consolidated financial statements. Pending AcquisitionA Software CompanyIn September 2025, the Company entered into a definitive agreement to acquire A Software Company (“DX”), a leader in engineering intelligence. Under the terms of the agreement, the Company will acquire DX for approximately $1.0 billion, inclusive of DX’s cash balance, subject to customary adjustments. Total consideration will be comprised of cash and shares of the Company’s Class A Common Stock, which are subject to continued vesting provisions. The Company expects to fund the cash consideration through existing cash balances. The transaction is anticipated to close in the second quarter of fiscal year 2026, subject to customary closing conditions, including required regulatory approvals.Subsequent Event The Browser Company of New York Inc. 

On October 20, 2025, the Company acquired 100% of the outstanding equity of The Browser Company of New York Inc. (“BCNY”), the company behind the Dia and Arc browsers. Under the terms of the agreement, the Company acquired BCNY for approximately $610 million. Total consideration was composed of approximately $488.3 million in cash, which was funded through the Company’s existing cash balance, and the remainder in the form of shares