Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 3

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 3
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| 5 |

#### Letter to Our Stockholders
To our stockholders, customers, partners, and Atlassians –

Fiscal year 2025 was another big step forward in Atlassian’s mission to unleash the potential of every team. We closed out the year with strong execution, surpassing $5.2 billion in revenue and generating $1.4 billion in free cash flow. (1) We are making significant progress on our key strategic priorities of serving the enterprise, delivering game-changing AI capabilities to our customers, and connecting all teams through the Atlassian System of Work. These strategies amplify each other and unlock multiple growth vectors across our business, resulting in $3.4 billion of Cloud revenue and a cloud net revenue retention rate of 120%. (2)

This past year, we reached many significant milestones. We signed a record number of deals over $1 million in annual contract value—more than 1.5x last year’s total. Our AI capabilities empower 2.3 million monthly active users to enhance their workflows. We shifted from selling stand-alone products to offering apps and agents, purchasable standalone or grouped in a carefully curated Collection, with Rovo at the center. We increased the scale of our cloud apps - supporting up to 100,000 and 150,000 users on a single site of Jira and Confluence, respectively. We entered into strategic partnerships with organizations like AWS, enabling us to streamline complex customer migrations, and with the Formula 1 team, Atlassian Williams Racing, increasing our global brand recognition. We also made strides on our multi-cloud strategy: achieving FedRAMP® Moderate authorization for Atlassian Government Cloud, announcing Atlassian Isolated Cloud, and entering a multi-year strategic partnership with Google Cloud to accelerate cloud transformation and deliver advanced AI solutions to more users.

We believe Atlassian is the platform for human and AI collaboration. We are a teamwork and collaboration company at our core (that’s why we chose TEAM as our ticker symbol), and in the AI era, we believe the demand for collaboration will increase significantly as more people are able to create and bring more ideas to life. Key differentiators like our world-class R&D engine, unified platform, unique depth and breadth of data in our Teamwork Graph, over two decades of domain expertise in team collaboration, and our distribution power with over 300k customers put us in a strong position to seize the opportunities ahead of us. We will continue to deliver powerful AI capabilities that delight and create value for customers positioning the Atlassian