Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 237

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 237
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 current contract assets that arise from transactions accounted for under ASC 606. This ASU is effective for fiscal years beginning after December 15, 2025, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.In September 2025, the FASB issued ASU 2025-06 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.” This ASU makes targeted improvements to the accounting for internally developed software subject to ASC 350-40. This ASU is effective for fiscal years beginning after December 15, 2027, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.

3. Fair Value MeasurementsThe following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2025, by level within the fair value hierarchy (in thousands):Level 1Level 2TotalAssets measured at fair valueCash and cash equivalents:Money market funds$1,599,347 $— $1,599,347 Marketable securities:U.S. treasury securities— 215,676 215,676 Agency securities— 3,216 3,216 Certificates of deposit and time deposits— 10,000 10,000 Commercial paper— 24,623 24,623 Corporate debt securities— 202,525 202,525 Derivative financial instruments— 18,454 18,454 Total assets measured at fair value$1,599,347 $474,494 $2,073,841 Liabilities measured at fair valueDerivative financial instruments$— $5,389 $5,389 Total liabilities measured at fair value$— $5,389 $5,389 The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2025, by level within the fair value hierarchy (in thousands):

10

Level 1Level 2TotalAssets measured at fair valueCash and cash equivalents:Money market funds$1,774,138 $— $1,774,138 Corporate debt securities— 382 382 Marketable securities:U.S. treasury securities— 176,661 176,661 Agency