Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 240

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 240
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ately held debt securities$7,780 $— $(3,350)$4,430 

12

Carrying value of publicly traded and privately held equity securitiesPublicly traded equity securities are recorded at fair value, and privately 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 publicly traded and privately held equity securities as of September 30, 2025 are summarized below (in thousands):Publicly traded equity securitiesPrivately held equity securities Total Initial total cost$20,000 $146,302 $166,302 Cumulative net gains (losses)24,729 (112)24,617 Carrying value$44,729 $146,190 $190,919 Privately held equity securities’ cumulative net losses are composed of downward adjustments and impairment charges of $9.0 million and upward adjustments of $8.9 million as of September 30, 2025. During the period ended September 30, 2025, one of the Company's privately held equity investments completed an initial public offering. This publicly traded equity security was reclassified from strategic investments to prepaid expenses and other current assets on the condensed consolidated balance sheets as the Company intends to sell this investment within 12 months from the balance sheet date.The Company did not have any publicly traded equity securities as of June 30, 2025 and the carrying values for privately held equity securities as of June 30, 2025 are summarized below (in thousands):Privately held equity securitiesInitial total cost$166,302 Cumulative net losses(1,909)Carrying value$164,393 Privately held equity securities’ cumulative net losses are composed of downward adjustments and impairment charges of $8.5 million and upward adjustments of $6.6 million as of June 30, 2025.Gains and Losses on Strategic InvestmentsThe components of gains and losses on strategic investments were as follows (in thousands):Three Months Ended September 30,20252024Unrealized gains recognized on publicly traded equity securities$24,729 $— Unrealized gains recognized on privately held equity securities2,297 — Unrealized losses recognized on privately held equity securities including impairment(500)— Unrealized gains, net$26,526 $— Realized losses recognized on privately held equity securities— (34)G