Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 135

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 8
Chunk 135
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 by remaining contractual maturity (in thousands):June 30, 2025June 30, 2024Due in one year or less$271,923 $101,543 Due in one year through five years152,345 60,430 Total marketable debt investments$424,268 $161,973 

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The Company regularly reviews the changes to the rating of its marketable securities by rating agencies and monitors the surrounding economic conditions to assess the risk of expected credit losses. As of June 30, 2025 and 2024, unrealized losses and the related risk of expected credit losses were not material.Strategic InvestmentsCarrying value of privately held debt securitiesThe Company’s investments of privately held debt securities as of June 30, 2025, consisted of the following (in thousands):Amortized CostUnrealized GainsUnrealized LossesFair ValuePrivately held debt securities$7,780 $— $(3,350)$4,430 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 of 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 were comprised of downward adjustments and impairment of $8.5 million and upward adjustments of $6.6 million as of June 30, 2025. The carrying values of 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 were comprised of downward adjustments and impairment of $7.5 million and upward adjustments of $5.0 million as of June 30, 2024.

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Gains and Losses on Strategic InvestmentsThe components