Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 0

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. Financial Statements

ATLASSIAN CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)

(Unaudited)

March 31, 2025June 30, 2024AssetsCurrent assets:Cash and cash equivalents$2,660,859 $2,176,930 Marketable securities313,592 161,973 Accounts receivable, net642,036 628,049 Prepaid expenses and other current assets158,728 109,312 Total current assets3,775,215 3,076,264 Non-current assets:Property and equipment, net93,003 86,315 Operating lease right-of-use assets164,322 172,468 Strategic investments217,304 223,221 Intangible assets, net258,682 299,057 Goodwill1,292,942 1,288,756 Deferred tax assets5,515 3,934 Other non-current assets76,733 62,118 Total assets$5,883,716 $5,212,133 Liabilities and Stockholders’ EquityCurrent liabilities:Accounts payable$192,915 $177,545 Accrued expenses and other current liabilities661,036 577,359 Deferred revenue, current portion2,092,287 1,806,269 Operating lease liabilities, current portion44,645 48,953 Total current liabilities2,990,883 2,610,126 Non-current liabilities:Deferred revenue, net of current portion275,916 308,467 Operating lease liabilities, net of current portion198,723 214,474 Long-term debt987,232 985,911 Deferred tax liabilities20,433 20,387 Other non-current liabilities41,607 39,917 Total liabilities4,514,794 4,179,282 Commitments and contingencies (Note 11)Stockholders’ equityClass A Common Stock, $0.00001 par value; 750,000,000 shares authorized, 165,150,665 and 159,544,123 issued and outstanding at March 31, 2025 and June 30, 2024, respectively 2 2 Class B Common Stock, 0.00001 par value; 230,000,000 shares authorized, 98,008,049 and 101,012,