Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 13

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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$(3,350)$4,000 The Company’s investments of privately held debt securities as of June 30, 2024, consisted of the following (in thousands):Amortized CostUnrealized GainsUnrealized LossesFair ValuePrivately held debt securities$6,800 $— $(3,350)$3,450 Carrying value of privately held equity securitiesPrivately held equity securities are measured using the measurement alternative. The carrying value is measured as the total initial cost plus the cumulative net gain (loss). The carrying values for privately held equity securities as of March 31, 2025 are summarized below (in thousands):Privately held equity securitiesInitial total cost$165,952 Cumulative net losses(3,458)Carrying value$162,494 Privately held equity securities’ cumulative net losses are comprised of downward adjustments and impairment charges of $8.5 million and upward adjustments of $5.0 million as of March 31, 2025.The carrying values for privately held equity securities as of June 30, 2024 are summarized below (in thousands):Privately held equity securitiesInitial total cost$147,752 Cumulative net losses(2,491)Carrying value$145,261 Privately held equity securities’ cumulative net losses are comprised of downward adjustments and impairment charges of $7.5 million and upward adjustments of $5.0 million as of June 30, 2024.

12

Gains and Losses on Strategic InvestmentsThe components of gains and losses on strategic investments were as follows (in thousands):Three Months Ended March 31,Nine Months Ended March 31,2025202420252024Unrealized gains recognized on privately held equity securities— 940 — 940 Unrealized losses recognized on privately held equity securities including impairment$(967)$— $(967)$(1,442)Unrealized losses on privately held debt securities— (500)— (500)Unrealized gains (losses), net$(967)$440 $(967)$(1,002)Realized gains recognized on sales of publicly traded equity securities— — — 515 Realized losses recognized on privately held equity securities(500)— (3,145)— Gains (losses) on strategic investments, net$(1,467)$440 $(4,112)$(487)Unrealized gains (losses) recognized during the reporting