Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 34

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 of Operations included in our Annual Report on Form 10-K for fiscal year 2025.

New Accounting Pronouncements Pending Adoption

The impact of recently issued accounting standards is set forth in Note 2, “Summary of Significant Accounting Policies,” of the notes to our condensed consolidated financial statements.

30

Results of Operations

The following table sets forth our results of operations for the periods indicated (in thousands, except for percentages of total revenues):

 Three Months Ended September 30, 2025% of Total Revenues2024% of Total RevenuesRevenues: Subscription$1,374,502 96 %$1,131,948 95 %Other58,051 4 55,833 5 Total revenues1,432,553 100 1,187,781 100 Cost of revenues257,924 18 217,624 18 Gross profit1,174,629 82 970,157 82 Operating expenses:Research and development755,994 53 603,101 51 Marketing and sales336,427 24 252,393 21 General and administrative178,545 12 146,641 13 Total operating expenses1,270,966 89 1,002,135 85 Operating loss(96,337)(7)(31,978)(3)Other income (expense), net18,804 1 (19,432)(2)Interest income29,845 2 28,564 2 Interest expense(8,636)— (7,318)— Loss before income taxes(56,324)(4)(30,164)(3)Provision for (benefit from) income taxes(4,454)— 93,605 7 Net loss$(51,870)(4)%$(123,769)(10)%

Three Months Ended September 30, 2025 and 2024

Revenues Three Months Ended September 30,(in thousands, except percentage data)20252024$ Change% ChangeSubscription$1,374,502 $1,131,948 $242,554 21 %Other58,051 55,833 2,218 4 Total revenues$1,432,553 $1,187,781 $244,772 21 %

Total revenues increased $244.8 million, or 21%, in the three months ended September 30, 2025 compared to