Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 367

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 367
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 ended March 31, 2025 compared to the nine months ended March 31, 2024. The overall increase was primarily attributable to an increase of $31.5 million in hosting fees paid to third-party providers, an increase of $19.5 million in compensation expense for employees (which includes an increase of $8.4 million in stock-based compensation), and an increase of $11.6 million in software subscription costs.

34

Operating Expenses

Research and Development Nine Months Ended March 31,  (in thousands, except percentage data)20252024$ Change% ChangeResearch and development$1,968,634 $1,595,007 $373,627 23 %

Research and development expenses increased $373.6 million, or 23%, in the nine months ended March 31, 2025 compared to the nine months ended March 31, 2024. The overall increase was primarily attributable to an increase of $351.8 million in compensation expenses for employees (which includes an increase of $166.0 million in stock-based compensation).

Marketing and Sales Nine Months Ended March 31,  (in thousands, except percentage data)20252024$ Change% ChangeMarketing and sales$820,119 $637,894 $182,225 29 %

Marketing and sales expenses increased $182.2 million, or 29%, for the nine months ended March 31, 2025, compared to the nine months ended March 31, 2024. The overall increase was primarily attributable to an increase of $113.3 million in compensation expenses for employees (which includes an increase of $18.5 million in stock-based compensation), and an increase of $54.7 million in advertising and marketing event expenses.

General and Administrative Nine Months Ended March 31,  (in thousands, except percentage data)20252024$ Change% ChangeGeneral and administrative$483,694 $458,249 $25,445 6 %

General and administrative expenses increased $25.4 million, or 6%, in the nine months ended March 31, 2025 compared to the nine months ended March 31, 2024. The overall increase was primarily attributable to an increase of $25.1 million in compensation expenses for employees (which includes an increase of $10.9 million in stock-based compensation).

Other Expense, net Nine Months Ended March 31,  (in thousands, except percentage data)202