Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 36

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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964)(1)Interest income27,767 2 21,414 2 81,917 2 69,233 2 Interest expense(7,804)(1)(8,453)— (22,413)(1)(26,430)(1)Income (loss) before income taxes(7,354)(1)19,775 2 (84,701)(2)(31,288)(1)Provision for income taxes(63,453)(4)(7,023)(1)(148,083)(4)(72,312)(2)Net income (loss)$(70,807)(5)%$12,752 1 %$(232,784)(6)%$(103,600)(3)%

30

Three Months Ended March 31, 2025 and 2024

Revenues Three Months Ended March 31,(in thousands, except percentage data)20252024$ Change% ChangeSubscription$1,272,876 $1,071,355 $201,521 19 %Other83,840 117,773 (33,933)(29)Total revenues$1,356,716 $1,189,128 $167,588 14 %

Total revenues increased $167.6 million, or 14%, in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. Growth in total revenues was primarily attributable to increased demand for our products from existing customers. Of total revenues recognized in the three months ended March 31, 2025, over 90% were attributable to sales to customer accounts existing on or before December 31, 2024.

Subscription revenues increased $201.5 million, or 19%, in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. The increase in subscription revenues was primarily attributable to paid seat expansion from our existing customers and price increases.

Other revenues decreased $33.9 million, or 29%, in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. The decrease in other revenues was primarily attributable to a decrease of $27.8 million in maintenance revenue due to the end of support for our Server offerings.

Total revenues by deployment options were as follows: Three Months Ended March 31,(in thousands, except percentage data)20252024$