Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 270

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 270
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. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Changes in estimates are reflected in reported results for the period in which they become known. Actual results may differ from these estimates under different assumptions or conditions and such differences could be material.

There have been no significant changes to our critical accounting policies and estimates during the three and six months ended December 31, 2024, as compared to the critical accounting estimates disclosed in Management’s Discussion and Analysis of Financial Results of Operations included in our Annual Report on Form 10-K for fiscal year 2024.

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 condensed consolidated financial statements.

28

Results of Operations

The following table sets forth our results of operations for the periods indicated (in thousands, except for percentages of total revenues):

 Three Months Ended December 31,Six Months Ended December 31, 2024% of Total Revenues2023% of Total Revenues2024% of Total Revenues2023% of Total RevenuesRevenues:   Subscription$1,213,248 94 %$932,181 88 %$2,345,196 95 %$1,784,163 88 %Other73,215 6 127,929 12 129,048 5 253,722 12 Total revenues1,286,463 100 1,060,110 100 2,474,244 100 2,037,885 100 Cost of revenues223,127 17 194,536 18 440,751 18 372,565 18 Gross profit1,063,336 83 865,574 82 2,033,493 82 1,665,320 82 Operating expenses:Research and development680,213 53 536,779 51 1,283,314 52 1,018,517 50 Marketing and sales271,894 21 220,513 21 524,287 21 414,080 20 General and administrative168,708 13 157,344 15 315,349 13 300,654 15