Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 250

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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432,553)(1,187,781)Balance, end of period$2,281,156 $2,012,820 For the three months ended September 30, 2025 and 2024, approximately 61% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year.Deferred Contract Acquisition CostsThe changes in the balances of deferred contract acquisition costs were as follows (in thousands):Three Months Ended September 30,20252024Balance, beginning of period$136,340 $79,711 Additions19,097 12,230 Amortization expense(14,839)(8,497)Balance, end of period$140,598 $83,444 Deferred contract acquisition costs included in:Prepaid expenses and other current assets$53,163 $31,786 Other non-current assets87,435 51,658 Total$140,598 $83,444 There were no impairment losses recorded during the periods presented.

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13. Geographic InformationThe Company’s long-lived assets by geographic regions were as follows (in thousands):September 30, 2025June 30, 2025United States$134,248 $168,841 Australia54,595 54,073 India30,632 34,909 All other countries 14,846 16,422 Total long-lived assets$234,321 $274,245 

Long-lived assets for this purpose consist of property and equipment and operating lease right-of-use assets. 

14. RestructuringDuring the three months ended September 30, 2025, the Company initiated a rebalancing of resources resulting in the elimination of certain roles. These actions were part of the Company’s initiatives to reduce additional capacity no longer necessary due to the increased ability, accessibility, performance, stability, and supportability of its products. As a result, the Company recorded severance and other termination benefits of $27.9 million, and stock-based compensation of $1.4 million for the affected employees for the three months ended September 30, 2025.In addition, during the three months ended September 30, 2025, the Company exited certain floors of a leased property, which it plans to sublease, in order to optimize its real estate footprint. As a result, the Company recorded impairment charges for the related operating lease right-of-use assets and leasehold improvements of $26.3 million for the three months