Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 25

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 dilutive potential shares of common stock are computed using the treasury stock method or the as-if converted method, as applicable. Since the Company is in a loss position for all periods reported, basic and diluted net loss per share are the same for all periods as the inclusion of potential dilutive shares would have been anti-dilutive.The following tables present the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data): Three Months Ended December 31,Six Months Ended December 31, 2024202320242023Class AClass BClass AClass BClass AClass BClass AClass BNumerator:Net loss$(23,725)$(14,483)$(50,806)$(33,663)$(100,188)$(61,789)$(69,685)$(46,667)Denominator:Weighted-average shares outstanding, basic and diluted162,15898,989155,543103,058161,32199,491154,672103,582Net loss per share, basic and diluted$(0.15)$(0.15)$(0.33)$(0.33)$(0.62)$(0.62)$(0.45)$(0.45)The potential weighted average dilutive securities that were not included in the dilutive earnings per share calculation because the effect would be anti-dilutive are as follows (shares in thousands):Three Months Ended December 31,Six Months Ended December 31,2024202320242023Class A Common Stock restricted stock units6,8059,8068,5988,317Class A Common Stock restricted stock awards485335Total6,8539,8118,6318,322

14. Income TaxesThe Company computes its provision for (benefit from) income taxes by applying the estimated annual effective tax rate to year-to-date ordinary income and adjusts the provision for (benefit from) income taxes for discrete tax items recorded in the period. In each quarter, the Company updates the estimated annual effective tax 

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rate and makes a year-to-date adjustment to the provision. The estimated annual effective tax rate is subject to volatility due to several factors, including changes in the Company’s relative proportion of domestic and foreign earnings, current cash taxes in jurisdictions with valuation allowances, material discrete tax items, or a combination of these factors as a result of certain transactions or events.The Company reported an income tax benefit of $9.0 million and an income tax provision of