Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 42

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 the nine months ended March 31, 2024. The overall increase was primarily attributable to an increase of $113.3 million in compensation expenses for employees (which includes an increase of $18.5 million in stock-based compensation), and an increase of $54.7 million in advertising and marketing event expenses.

General and Administrative Nine Months Ended March 31,  (in thousands, except percentage data)20252024$ Change% ChangeGeneral and administrative$483,694 $458,249 $25,445 6 %

General and administrative expenses increased $25.4 million, or 6%, in the nine months ended March 31, 2025 compared to the nine months ended March 31, 2024. The overall increase was primarily attributable to an increase of $25.1 million in compensation expenses for employees (which includes an increase of $10.9 million in stock-based compensation).

Other Expense, net Nine Months Ended March 31,  (in thousands, except percentage data)20252024$ Change% ChangeOther expense, net$(42,292)$(23,964)$(18,328)76 %

Other expense, net increased $18.3 million, or 76% in the nine months ended March 31, 2025 compared to the nine months ended March 31, 2024. The overall increase was primarily attributable to an increase of $9.2 million in expense related to our share of loss from an equity method investment and an increase of $5.6 million in contributions to the Atlassian Foundation.

Interest Income

Nine Months Ended March 31,(in thousands, except percentage data)20252024$ Change% ChangeInterest Income$81,917 $69,233 $12,684 18 %

Interest income increased $12.7 million, or 18% in the nine months ended March 31, 2025 compared to the nine months ended March 31, 2024. The increase was primarily attributable to an increase in investment income as a result of increased investment balances.

35

Interest Expense Nine Months Ended March 31,(in thousands, except percentage data)20252024$ Change% ChangeInterest expense$(22,413)$(26,430)$4,017 (15)%

Interest expense decreased $4.0 million, or 15%, in the nine months ended March 31, 2025 compared to the nine months ended March 31, 2024.