Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 346

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 346
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 increase of $8.0 million in stock-based compensation), and an increase of $21.2 million in advertising and marketing program expenses. In addition, we recorded restructuring charges of $8.2 million in the three months ended September 30, 2025 related to impairment charges for a lease and leasehold improvements.

32

General and Administrative Three Months Ended September 30,  (in thousands, except percentage data)20252024$ Change% ChangeGeneral and administrative$178,545 146,641 $31,904 22 %

General and administrative expenses increased $31.9 million, or 22%, in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The overall increase was primarily attributable to an increase of $19.6 million in compensation expense for employees (which includes an increase of $2.2 million in stock-based compensation), and an increase of $4.4 million in legal fees. In addition, we recorded restructuring charges of $3.7 million in the three months ended September 30, 2025 related to impairment charges for a lease and leasehold improvements.

Other Income (Expense), net Three Months Ended September 30,  (in thousands, except percentage data)20252024$ Change% ChangeOther income (expense), net$18,804 $(19,432)$38,236 (197)%

Other income (expense), net increased $38.2 million, or 197%, in the three months ended September 30, 2025, compared to the three months ended September 30, 2024. The overall increase in other income (expense) was primarily attributable to an increase of $24.7 million in unrealized gains on public equity investments and a decrease of $15.3 million in expense related to our share of loss from an equity method investment.

Interest Income

 Three Months Ended September 30,(in thousands, except percentage data)20252024$ Change% ChangeInterest income29,845 28,564 $1,281 4 %

Interest income increased $1.3 million, or 4% in the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase was primarily attributable to an increase in investment income as a result of increased invested cash balances.

Interest Expense Three Months Ended September 30,(in thousands, except percentage data)202520