Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 38

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 expenses increased $72.0 million, or 32%, for the three months ended March 31, 2025 compared to the three months ended March 31, 2024. The overall increase was primarily attributable to an increase of $45.4 million in compensation expenses for employees (which includes an increase of $9.7 million in stock-based compensation), and an increase of $24.4 million in advertising and marketing event expenses.

General and Administrative Three Months Ended March 31,  (in thousands, except percentage data)20252024$ Change% ChangeGeneral and administrative$168,345 157,595 $10,750 7 %

General and administrative expenses increased $10.8 million, or 7%, in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. The overall increase was primarily attributable to an increase of $8.4 million in compensation expense for employees (which includes an increase of $1.0 million in stock-based compensation).

Other Expense, net Three Months Ended March 31,  (in thousands, except percentage data)20252024$ Change% ChangeOther expense, net$(14,861)$(10,990)$(3,871)35 %

Other expense, net increased $3.9 million, or 35%, in the three months ended March 31, 2025, compared to the three months ended March 31, 2024. The overall increase in other expense was primarily attributable to an increase of $1.9 million in net loss related to strategic investments and an increase of $1.8 million in contributions to the Atlassian Foundation.

Interest Income

 Three Months Ended March 31,(in thousands, except percentage data)20252024$ Change% ChangeInterest income27,767 21,414 $6,353 30 %

Interest income increased $6.4 million, or 30% in the three months ended March 31, 2025 compared to the three months ended March 31, 2024. The increase was primarily attributable to an increase in investment income as a result of increased investment balances.

32

Interest Expense Three Months Ended March 31,(in thousands, except percentage data)20252024$ Change% ChangeInterest expense$(7,804)$(8,453)$649 (8)%

Interest expense decreased $0.6 million, or 8% in the three months ended March