Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 261

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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:Net loss$(23,725)$(14,483)$(50,806)$(33,663)$(100,188)$(61,789)$(69,685)$(46,667)Denominator:Weighted-average shares outstanding, basic and diluted162,15898,989155,543103,058161,32199,491154,672103,582Net loss per share, basic and diluted$(0.15)$(0.15)$(0.33)$(0.33)$(0.62)$(0.62)$(0.45)$(0.45)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):Three Months Ended December 31,Six Months Ended December 31,2024202320242023Class A Common Stock restricted stock units6,8059,8068,5988,317Class A Common Stock restricted stock awards485335Total6,8539,8118,6318,322

14. Income TaxesThe Company computes its provision for (benefit from) income taxes by applying the estimated annual effective tax rate to year-to-date ordinary income and adjusts the provision for (benefit from) income taxes for discrete tax items recorded in the period. In each quarter, the Company updates the estimated annual effective tax 

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rate and makes a year-to-date adjustment to the provision. The estimated annual effective tax rate is subject to volatility due to several factors, including changes in the Company’s relative proportion of domestic and foreign earnings, current cash taxes in jurisdictions with valuation allowances, material discrete tax items, or a combination of these factors as a result of certain transactions or events.The Company reported an income tax benefit of $9.0 million and an income tax provision of $84.6 million for the three and six months ended December 31, 2024, respectively, as compared to an income tax provision of $44.4 million and $65.3 million for the three and six months ended December 31, 2023, respectively. The income tax benefit for the three months ended December 31, 2024 was primarily attributable to the mix of earning and losses at various jurisdictions. The income tax provision for the six months ended December 31, 2024 was primarily attributable to the mix of earning and losses at various jurisdictions, non-deductible stock-based compensation in certain foreign jurisdictions, and valuation