Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 283

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 283
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 most comparable GAAP financial measures.

37

The following table presents a reconciliation of our Non-GAAP Financial Measures to the most comparable GAAP financial measure for the three and six months ended December 31, 2024 and 2023 (in thousands, except percentage and per share data):

Three Months Ended December 31,Six Months Ended December 31,2024202320242023Gross profitGAAP gross profit$1,063,336 $865,574 $2,033,493 $1,665,320 Plus: Stock-based compensation23,031 19,213 41,245 36,034 Plus: Amortization of acquired intangible assets10,130 7,056 20,246 12,828 Non-GAAP gross profit$1,096,497 $891,843 $2,094,984 $1,714,182 Gross marginGAAP gross margin83%82%82%82%Plus: Stock-based compensation1222Plus: Amortization of acquired intangible assets1—1—Non-GAAP gross margin85%84%85%84%Operating incomeGAAP operating loss$(57,479)$(49,062)$(89,457)$(67,931)Plus: Stock-based compensation378,730 289,845 664,876 525,426 Plus: Amortization of acquired intangible assets13,896 9,861 27,778 18,092 Non-GAAP operating income$335,147 $250,644 $603,197 $475,587 Operating marginGAAP operating margin(4)%(5)%(4)%(3)%Plus: Stock-based compensation29282725Plus: Amortization of acquired intangible assets1111Non-GAAP operating margin26%24%24%23%Net incomeGAAP net loss$(38,208)$(84,469)$(161,977)$(116,352)Plus: Stock-based compensation378,730 289,845 664,876 525,426 Plus: Amortization of acquired intangible assets13,896 9,861 27,778 18,092 Less: Gain on a non-cash sale of a controlling interest of a subsidiary— — — (1,378)Adjustment for: Income tax (1)(98,791)(25,731)(75,350)(67,302