Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 238

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 238
---
 securities— 3,216 3,216 Certificates of deposit and time deposits— 10,000 10,000 Commercial paper— 19,697 19,697 Corporate debt securities— 214,694 214,694 Derivative financial instruments— 23,234 23,234 Total assets measured at fair value$1,774,138 $447,884 $2,222,022 Liabilities measured at fair valueDerivative financial instruments$— $2,445 $2,445 Total liabilities measured at fair value$— $2,445 $2,445 Due to the short-term nature of accounts receivable, net, contract assets, accounts payable, accrued expenses, and other current liabilities, their carrying amount is assumed to approximate their fair value.Determination of Fair ValueThe Company uses quoted prices in active markets for identical assets to determine the fair value of the Company’s Level 1 investments. The fair value of the Company’s Level 2 investments is determined based on quoted market prices or alternative market observable inputs. Strategic Investments Measured and Recorded at Fair Value on a Non-Recurring BasisThe Company’s investments in privately held companies are not included in the tables above and are discussed in Note 4, “Investments.” The carrying value of the Company’s privately held equity securities are adjusted on a non-recurring basis upon observable price changes in orderly transactions for identical or similar investments of the same issuer, or impairment (referred to as the measurement alternative). Privately held equity securities that have been remeasured during the period based on observable price changes in orderly transactions are classified within Level 2 or Level 3 in the fair value hierarchy because the Company estimates the value based on valuation methods which may include a combination of the observable transaction price at the transaction date and other unobservable inputs including volatility, rights and preferences of the investments, and obligations of the securities the Company holds. The fair value of privately held equity securities that have been remeasured due to impairment is classified within Level 3. The Company’s privately held debt and equity securities amounted to $150.6 million and $168.8 million as of September 30, 2025, and June 30, 2025, respectively.

11

4. InvestmentsMarketable SecuritiesThe Company’s investments of marketable securities as of September 30, 2025, consisted of the following (in thousands): Amortized CostUnrealized GainsUnrealized