Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 43

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 cash flow is defined as net cash provided by operating activities less capital expenditures, which consists of purchases of property and equipment. 

We understand that although these Non-GAAP Financial Measures are frequently used by investors and the analyst community in their evaluation of our financial performance, these measures have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. We compensate for such limitations by reconciling these Non-GAAP Financial Measures to the most comparable GAAP financial measures.

The following table presents a reconciliation of our Non-GAAP Financial Measures to the most comparable GAAP financial measure for the three months ended September 30, 2025 and 2024 (in thousands, except percentage and per share data):

36

Three Months Ended September 30,20252024Gross profitGAAP gross profit$1,174,629 $970,157 Plus: Stock-based compensation18,499 18,214 Plus: Amortization of acquired intangible assets9,957 10,116 Plus: Restructuring charges (3)31,592 — Non-GAAP gross profit$1,234,677 $998,487 Gross marginGAAP gross margin82%82%Plus: Stock-based compensation11Plus: Amortization of acquired intangible assets11Plus: Restructuring charges (3)2—Non-GAAP gross margin86%84%Operating incomeGAAP operating loss$(96,337)$(31,978)Plus: Stock-based compensation349,695 286,146 Plus: Amortization of acquired intangible assets13,650 13,882 Plus: Restructuring charges (3)55,678 — Non-GAAP operating income$322,686 $268,050 Operating marginGAAP operating margin(7)%(3)%Plus: Stock-based compensation2525Plus: Amortization of acquired intangible assets11Plus: Restructuring charges (3)4—Non-GAAP operating margin23%23%Net incomeGAAP net loss$(51,870)$(123,769)Plus: Stock-based compensation349,695 286,146 Plus: Amortization of acquired intangible assets13,650 13,882 Plus: Restructuring charges (3)55,678 — Adjustment for: Income tax (1)(91,502)23,441 Non-GAAP net income$275,651 $