Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 151

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 8
Chunk 151
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ed-average shares outstanding, basic and diluted163,23098,557156,580102,553149,493106,814Net loss per share, basic and diluted$(0.98)$(0.98)$(1.16)$(1.16)$(1.90)$(1.90)The potential weighted average dilutive securities that were not included in the dilutive earnings per share calculation because the effect would be anti-dilutive are as follows (shares in thousands):Fiscal Year Ended June 30,202520242023Class A Common Stock RSU awards7,4238,3207,426Class A Common Stock restricted stock awards292317Total potentially dilutive securities7,4528,3437,443

16. Income TaxesThe components of loss before provision for income taxes by U.S. and foreign jurisdictions consist of the following (in thousands): Fiscal Year Ended June 30, 202520242023Domestic$(137,403)$(139,687)$(25,250)Foreign38,508 54,280 (285,886)Total$(98,895)$(85,407)$(311,136)The provision for income taxes consists of the following (in thousands): Fiscal Year Ended June 30, 202520242023Current:Federal$(1,249)$2,134 $4,327 State4,534 3,969 1,045 Foreign149,908 209,002 162,072 Total153,193 215,105 167,444 Deferred:Federal927 (14,030)1,467 State1,814 3,680 (1,066)Foreign1,858 10,357 7,780 Total4,599 7 8,181 Total provision for income taxes$157,792 $215,112 $175,625 

95

The effective income tax rate differs from the federal statutory income tax rate applied to the loss before income taxes due to the following (in thousands): Fiscal Year Ended June 30, 202520242023Tax at federal statutory rate$(20,768)$(17,935)$(65,339)State, net of the federal benefit28,097 16,362 13,042 Effects of non-U.S. operations7,332 (14,575)15,163 Tax credits(233,946)(151,912)(99