Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 22

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
 and revenues from this offering are included in Subscription revenues within the Company’s condensed consolidated statements of operations.The revenues from Server offerings for the three and six months ended December 31, 2023 consisted of only revenue from maintenance services for the Company’s Server offerings as the Company was no longer selling perpetual licenses for its Server offerings. The Company generally ended maintenance for Server offerings in February 2024. Revenue related to Server offerings is included in Other revenues within the Company’s condensed consolidated statements of operations.Deferred Revenue The Company records deferred revenues when cash payments are received or due in advance of the Company satisfying its performance obligations, including amounts which are refundable. The changes in the balances of deferred revenue are as follows (in thousands): Three Months Ended December 31,Six Months Ended December 31,2024202320242023Balance, beginning of period$2,012,820 $1,501,081 $2,114,736 $1,545,479 Additions1,469,888 1,212,912 2,555,753 2,146,289 Revenue(1,286,463)(1,060,110)(2,474,244)(2,037,885)Balance, end of period$2,196,245 $1,653,883 $2,196,245 $1,653,883 For the three months ended December 31, 2024 and 2023, approximately 41% and 38% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year, respectively. For the six months ended December 31, 2024 and 2023, approximately 51% and 48% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year, respectively.

20

Deferred Contract Acquisition CostsThe changes in the balances of deferred contract acquisition costs are as follows (in thousands):Three Months Ended December 31,Six Months Ended December 31,2024202320242023Balance, beginning of period$83,444 $54,530 $79,711 $53,604 Additions23,833 20,365 36,063 26,479 Amortization expense(10,026)(5,792)(18,523)(10,980)Balance, end of period$97,251 $69,103 $97,251 $69,103 Deferred contract acquisition costs included in:Prepaid