# EDGAR Filing Document

**Accession Number:** 0001650372
**File Stem:** 0001650372-26-000024
**Filing Date:** 2026-4
**Character Count:** 96797
**Document Hash:** e64a5d819289592ad32e92acad0a496b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001650372-26-000024.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001650372-26-000024

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 39

**CONFORMED PERIOD OF REPORT**: 20260430

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Atlassian Corp
- **CENTRAL INDEX KEY:** 0001650372
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 883940934
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37651
- **FILM NUMBER:** 26925476

**BUSINESS ADDRESS:**
- **STREET 1:** 350 BUSH STREET
- **STREET 2:** FLOOR 13
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** (415) 701-1110

**MAIL ADDRESS:**
- **STREET 1:** 350 BUSH STREET
- **STREET 2:** FLOOR 13
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Atlassian Corp Plc
- **DATE OF NAME CHANGE:** 20150807

?xml version='1.0' encoding='ASCII'? team-20260430

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

_________________

**FORM 8-K**_________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): April 30, 2026**

**ATLASSIAN CORPORATION**

**(Exact Name of Registrant as Specified in its Charter)**

_________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-37651** | **88-3940934** |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(Commission File Number)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

**350 Bush Street, Floor 13**

**San Francisco, California 94104**

**(Address of principal executive offices and Zip Code)** 

**(415) 701-1110**

**(Registrant's telephone number, including area code)**

 **Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)**

_________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |  |
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| **Class A Common Stock, par value $0.00001 per share** | **TEAM** | **Nasdaq Global Select Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On April 30, 2026, Atlassian Corporation (the "**Company**") issued a press release announcing its results for the quarter ended March 31, 2026 (the "**Press Release**"). A copy of the Press Release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein. The Company also published a letter to its shareholders announcing its financial results for the quarter ended March 31, 2026 (the "**Shareholder Letter**"). The full text of the Shareholder Letter is attached as Exhibit 99.2 to this current report on Form 8-K and is incorporated by reference herein.

The information in this Item 2.02, including Exhibit 99.1 and Exhibit 99.2, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Press Release dated April 30, 2026](ex991q3fy26.htm)</u>. |
| 99.2 | <u>[Shareholder Letter dated April 30, 2026](teamq32026shareholderlet.htm)</u>. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | **ATLASSIAN CORPORATION** |
| Date: | April 30, 2026 | By: | /s/ James Chuong |
|  |  |  | James Chuong |
|  |  |  | Chief Financial Officer |

---

## Exhibit 99.1

![horizontalbluergba0a07.jpg](horizontalbluergba0a07.jpg)

**Atlassian Announces Third Quarter Fiscal Year 2026 Results**

*Revenue of $1,787 million, up 32% year-over-year*

*Cloud revenue of $1,132 million, up 29% year-over-year*

*Remaining performance obligations of $3,996 million, up 37% year-over-year*

*GAAP operating margin of (3)% and non-GAAP operating margin of 34%* 

**TEAM Anywhere/San Francisco (April 30, 2026) —** Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced financial results for its third quarter ended March 31, 2026. A shareholder letter was posted on the Investor Relations section of Atlassian's website at <u>https://investors.atlassian.com</u>.

"Our strong Q3 results show the power of our strategy in action, with total revenue growing 32% year-over-year to $1.8 billion, as customers sign bigger, longer-term commitments, and connect their teams and workflows on our AI-powered platform," said Mike Cannon-Brookes, Atlassian's CEO and co-Founder. "Service Collection eclipsed $1 billion in ARR, and is growing over 30% year-over-year, as it continues to take share and reinforce our conviction in the long-term growth opportunity of the Atlassian System of Work."

"Cloud revenue growth accelerated to 29% year-over-year as customers deepen their engagement with our System of Work through continued strong seat expansion in Jira and adoption of Teamwork Collection for its increased AI capabilities," said James Chuong, Atlassian's CFO. "The momentum across our three strategic priorities of Enterprise, AI, and the System of Work continues to build, and I'm excited about the significant opportunity ahead to drive durable, profitable growth as we scale."

**Third Quarter Fiscal Year 2026 Financial Highlights:**

On a GAAP basis, Atlassian reported:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•* Revenue:** Total revenue was $1,787.0 million for the third quarter of fiscal year 2026, up 32% from $1,356.7 million for the third quarter of fiscal year 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Operating Loss and Operating Margin:** Operating loss was $56.3 million for the third quarter of fiscal year 2026, compared with operating loss of $12.5 million for the third quarter of fiscal year 2025. Operating margin was (3%) for the third quarter of fiscal year 2026, compared with (1%) for the third quarter of fiscal year 2025. Operating loss for the third quarter of fiscal year 2026 includes restructuring charges of $223.8 million associated with rebalancing resources and consolidating leases, which negatively impacted operating margin by 12%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•* Net Loss and Net Loss Per Diluted Share:** Net loss was $98.4 million for the third quarter of fiscal year 2026, compared with net loss of $70.8 million for the third quarter of fiscal year 2025. Net loss per diluted share was $0.38 for the third quarter of fiscal year 2026, compared with net loss per diluted share of $0.27 for the third quarter of fiscal year 2025. Net loss for the third quarter of fiscal year 2026 includes restructuring charges, net income tax effect, totaling $223.1 million which increased net loss per diluted share by $0.85, net of tax effects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Balance Sheet:** Cash and cash equivalents at the end of the third quarter of fiscal year 2026 totaled $1.1 billion.

On a non-GAAP basis, Atlassian reported:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Operating Income and Operating Margin:** Operating income was $607.2 million for the third quarter of fiscal year 2026, compared with operating income of $348.3 million for the third quarter of fiscal year 2025. Operating margin was 34% for the third quarter of fiscal year 2026, compared with 26% for the third quarter of fiscal year 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•* Net Income and Net Income Per Diluted Share:** Net income was $456.5 million for the third quarter of fiscal year 2026, compared with net income of $261.5 million for the third quarter of fiscal year 2025. Net income per diluted share was $1.75 for the third quarter of fiscal year 2026, compared with net income per diluted share of $0.97 for the third quarter of fiscal year 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•* Free Cash Flow:** Cash flow from operations was $567.5 million and free cash flow was $561.3 million for the third quarter of fiscal year 2026. Free cash flow margin for the third quarter of fiscal year 2026 was 31%.

------

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below, under the heading "About Non-GAAP Financial Measures."

**Recent Business Highlights:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Agent Orchestration in Jira:** Atlassian introduced agents in Jira, making it the place to orchestrate work across humans and AI agents. Teams can assign work directly to Rovo and third-party AI agents in Jira, iterate with agents in comments, and embed agents directly into workflows. Agent activity is captured alongside task history with full permissions, audit trails, and admin governance. Atlassian's open toolchain approach lets teams orchestrate MCP-enabled third-party agents into Jira alongside Rovo agents, keeping all agent-driven work visible and coordinated in one system.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Expanded MCP Gallery:** Atlassian launched a growing list of partners that allow Rovo agents to securely plug into popular third-party apps, including Amplitude, Box, Canva, Figma, GitHub, Intercom, and New Relic, tapping into skills from each app without leaving Rovo. These MCP-powered skills help customers standardize more workflows, by giving Rovo agents the ability to pull live data and take actions across tools, combining with Atlassian's Teamwork Graph to deliver richer, more connected answers directly in Jira and Confluence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Rovo Dev in Jira:** Atlassian launched Rovo Dev in Jira, enabling developers to delegate routine tasks—from security fixes and migrations to feature-flag cleanups—to a context-aware AI agent. Teams stay in control, choosing what to delegate to agents and approving every change before it ships, while freeing up capacity for higher-impact work and faster delivery.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Remix in Confluence:** Atlassian introduced Remix, a new AI-powered capability in Confluence that enables teams to convert pages into visual formats such as charts, infographics, and presentations. New MCP integrations with Lovable, Replit, and Gamma extend Confluence content into external tools, allowing customers to create versatile visual stories while preserving the context of the supporting text.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• AI Innovation in Service Collection:** Atlassian introduced more advanced AI-powered capabilities to its Service Collection. Rovo Service, now generally available, is a human-supervised AI agent that plans and executes employee support workflows such as ticket resolution and HR onboarding - automatically routing, answering, and acting across systems by pulling context from existing knowledge, past tickets, and company policies. In addition, new Proactive AIOps capabilities draw on the depth of context from Atlassian's Teamwork Graph to help detect potential incidents earlier by filtering alert noise and assess change risk by analyzing change data and providing risk scoring.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Expanded Partnership with Google Cloud to Power Agentic AI:** Atlassian strengthened its strategic partnership with Google Cloud by adding Gemini 3 Flash to its open, multi-model AI strategy and extending its agentic AI capabilities – enabling advanced reasoning and multimodal features for Rovo at enterprise scale. By bringing deeper integrations between Rovo, Google Workspace, and Gemini Enterprise, joint customers can access AI agents directly in the tools where they already work, plan, and collaborate on projects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Customers with >$10,000 in Cloud ARR:** Atlassian ended its third quarter of fiscal year 2026 with 55,913 customers with greater than $10,000 in Cloud annualized recurring revenue (Cloud ARR), an increase of 10% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Atlassian Recognized in Leading U.S. Workplace Culture Awards:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ **Fortune 100 Best Companies to Work For 2026:** Atlassian was recognized for the eighth consecutive year, as one of Fortune's 100 Best Companies to work for. This achievement reflects the commitment to workplace culture, employee satisfaction and globally distributed workplace practices which provides a supportive, engaging environment for teams.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ **Forbes America's Best Employers for Company Culture 2026:** Atlassian was recognized as a company that creates an environment where employees feel recognized for their efforts and connected to their colleagues and company mission, leading to higher engagement, productivity, and long-term retention.

------

**Financial Targets:**

Atlassian is providing its financial targets as follows:

**Fourth Quarter Fiscal Year 2026:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total revenue is expected to be in the range of $1,653 million to $1,661 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cloud revenue growth year-over-year is expected to be approximately 25.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Data Center revenue growth year-over-year is expected to be approximately 8.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Marketplace and other revenue growth year-over-year is expected to be approximately 6.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross margin is expected to be approximately 85.5% on a GAAP basis and approximately 88.0% on a non-GAAP basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating margin is expected to be approximately 4.5% on a GAAP basis and approximately 30.5% on a non-GAAP basis.

**Fiscal Year 2026:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total revenue growth year-over-year is expected to be approximately 24.0%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cloud revenue growth year-over-year is expected to be approximately 26.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Data Center revenue growth year-over-year is expected to be approximately 21.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Marketplace and other revenue growth year-over-year is expected to be approximately 6.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross margin is expected to be approximately 84.5% on a GAAP basis and approximately 88.0% on a non-GAAP basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating margin is expected to be approximately (2.0%) on a GAAP basis and approximately 29.0% on a non-GAAP basis.

For additional commentary regarding financial targets, please see Atlassian's third quarter fiscal year 2026 shareholder letter dated April 30, 2026.

With respect to Atlassian's expectations under "Financial Targets" above, a reconciliation of GAAP to non-GAAP gross margin and operating margin has been provided in the financial statement tables included in this press release.

**Shareholder Letter and Webcast Details:**

A detailed shareholder letter is available on the Investor Relations section of Atlassian's website at <u>https://investors.atlassian.com</u>. Atlassian will host a webcast to answer questions today:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **When**: Thursday, April 30, 2026 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Webcast:** A live webcast of the call can be accessed from the Investor Relations section of Atlassian's website at <u>https://investors.atlassian.com</u>. Following the call, a replay will be available on the same website.

Atlassian has used, and will continue to use, its Investor Relations website at <u>https://investors.atlassian.com</u> as a means of making material information public and for complying with its disclosure obligations.

**About Atlassian**

Atlassian unleashes the potential of every team. A recognized leader in software development, work management, and enterprise service management software, Atlassian enables enterprises to connect their business and technology teams with an AI-powered system of work that unlocks productivity at scale. Atlassian's collaboration software powers over 85% of the Fortune 500 and 350,000+ customers worldwide - including NASA, Rivian, Deutsche Bank, United Airlines, and Bosch - who rely on our solutions to drive work forward.

**Investor Relations Contact**

Martin Lam

IR@atlassian.com

**Media Contact**

Marie-Claire Maple

press@atlassian.com

------

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. In some cases, you can identify these statements by forward-looking words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "should," "estimate," "further," or "continue," and similar expressions or variations, but these words are not the exclusive means for identifying such statements. All statements other than statements of historical fact could be deemed forward looking, including but not limited to risks and uncertainties related to statements about our platform, offerings and capabilities and planned offerings and capabilities, investments, System of Work, AI solutions and innovation, customers, size and term of sales agreements, company culture, strategic priorities, partnerships, anticipated growth, outlook and results, and our financial targets such as total revenue, Cloud, Data Center, and Marketplace and other revenue, and GAAP and non-GAAP financial measures including gross margin and operating margin.

We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. Further information on these and other factors that could affect our financial results is included in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including the section titled "Risk Factors" in our most recently filed Forms 10-K and 10-Q, as well as those that may be updated in our future filings with the SEC. These documents are available on the SEC Filings section of the Investor Relations section of our website at <u>https://investors.atlassian.com</u>.

**About Non-GAAP Financial Measures**

In addition to the measures presented in our condensed consolidated financial statements, we regularly review other measures that are not presented in accordance with U.S. generally accepted accounting principles ("GAAP"), defined as non-GAAP financial measures by the SEC, to evaluate our business, measure our performance, identify trends, prepare financial forecasts and make strategic decisions. The key measures we consider are non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per diluted share and free cash flow (collectively, the "Non-GAAP Financial Measures"). These Non-GAAP Financial Measures, which may be different from similarly titled non-GAAP measures used by other companies, provide supplemental information regarding our operating performance on a non-GAAP basis that excludes certain gains, losses and charges of a non-cash nature or that occur relatively infrequently and/or that management considers to be unrelated to our core operations. Management believes that tracking and presenting these Non-GAAP Financial Measures provides management, our board of directors, investors and the analyst community with the ability to better evaluate matters such as: our ongoing core operations, including comparisons between periods and against other companies in our industry; our ability to generate cash to service our debt and fund our operations; and the underlying business trends that are affecting our performance.

Our Non-GAAP Financial Measures include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP gross profit and non-GAAP gross margin*. Excludes expenses related to stock-based compensation, amortization of acquired intangible assets, and restructuring charges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP operating income and non-GAAP operating margin*. Excludes expenses related to stock-based compensation, amortization of acquired intangible assets, and restructuring charges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Non-GAAP net income and non-GAAP net income per diluted share*. Excludes expenses related to stock-based compensation, amortization of acquired intangible assets, restructuring charges, and the related income tax adjustments of these items.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Free cash flow*. Free cash flow is defined as net cash provided by operating activities less capital expenditures, which consists of purchases of property and equipment.

We understand that although these Non-GAAP Financial Measures are frequently used by investors and the analyst community in their evaluation of our financial performance, these measures have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. We compensate for such limitations by reconciling these Non-GAAP Financial Measures to the most comparable GAAP financial measures. We encourage you to review the tables in this press release titled "Reconciliation of GAAP to Non-GAAP Results" and "Reconciliation of GAAP to Non-GAAP Financial Targets" that present such reconciliations.

------

**Customers with >$10,000 in Cloud ARR**

We define the number of customers with Cloud ARR greater than $10,000 at the end of any particular period as the number of organizations with unique domains with an active Cloud subscription for two or more seats and greater than $10,000 in Cloud ARR.

We define Cloud ARR as the annualized recurring revenue run-rate of Cloud subscription agreements at a point in time. We calculate Cloud ARR by taking the Cloud monthly recurring revenue ("Cloud MRR") run-rate and multiplying it by 12. Cloud MRR for each month is calculated by aggregating monthly recurring revenue from committed contractual amounts at a point in time. Cloud ARR and Cloud MRR should be viewed independently of revenue and do not represent our revenue under GAAP, as they are operational metrics that can be affected by contract start and end dates and renewal rates.

------

**Atlassian Corporation**

**Condensed Consolidated Statements of Operations**

**(U.S. $ and shares in thousands, except per share data)**

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Nine Months Ended March 31,** | **Nine Months Ended March 31,** |
| | **2026** | **2025** | **2026** | **2025** |
| Revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subscription | $1698885 | $1272876 | $4581043 | $3618072 |
| &nbsp;&nbsp;&nbsp;Other | 88086 | 83840 | 224796 | 212888 |
| Total revenues | 1786971 | 1356716 | 4805839 | 3830960 |
| Cost of revenues (1) (2) | 262762 | 219675 | 758377 | 660426 |
| Gross profit | 1524209 | 1137041 | 4047462 | 3170534 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Research and development (1) (2) | 926954 | 685320 | 2509437 | 1968634 |
| &nbsp;&nbsp;&nbsp;Marketing and sales (1) (2) | 439029 | 295832 | 1151890 | 820119 |
| &nbsp;&nbsp;&nbsp;General and administrative (1) | 214510 | 168345 | 586503 | 483694 |
| Total operating expenses | 1580493 | 1149497 | 4247830 | 3272447 |
| Operating loss | (56284) | (12456) | (200368) | (101913) |
| Other income (expense), net | (4923) | (14861) | 331 | (42292) |
| Interest income | 12554 | 27767 | 60464 | 81917 |
| Interest expense | (14141) | (7804) | (35302) | (22413) |
| Loss before income taxes | (62794) | (7354) | (174875) | (84701) |
| Provision for income taxes | (35595) | (63453) | (18029) | (148083) |
| Net loss | $(98389) | $(70807) | $(192904) | $(232784) |
| Net loss per share attributable to Class A and Class B common stockholders: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $(0.38) | $(0.27) | $(0.73) | $(0.89) |
| &nbsp;&nbsp;&nbsp;Diluted | $(0.38) | $(0.27) | $(0.73) | $(0.89) |
| Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 260965 | 262671 | 262606 | 261423 |
| &nbsp;&nbsp;&nbsp;Diluted | 260965 | 262671 | 262606 | 261423 |

---

(1)Amounts include stock-based compensation as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Nine Months Ended March 31,** | **Nine Months Ended March 31,** |
| | **2026** | **2025** | **2026** | **2025** |
| &nbsp;&nbsp;Cost of revenues | $17697 | $20980 | $57749 | $62225 |
| &nbsp;&nbsp;Research and development | 291014 | 240847 | 862373 | 694570 |
| &nbsp;&nbsp;Marketing and sales | 53123 | 43071 | 152612 | 122323 |
| &nbsp;&nbsp;General and administrative | 46501 | 41944 | 139352 | 132600 |

---

(2)Amounts include amortization of acquired intangible assets, as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Nine Months Ended March 31,** | **Nine Months Ended March 31,** |
| | **2026** | **2025** | **2026** | **2025** |
| &nbsp;&nbsp;Cost of revenues | $24683 | $10131 | $54393 | $30377 |
| &nbsp;&nbsp;&nbsp;Research and development | 94 | 94 | 281 | 281 |
| &nbsp;&nbsp;&nbsp;Marketing and sales | 6564 | 3672 | 15670 | 11017 |

---

------

**Atlassian Corporation**

**Condensed Consolidated Balance Sheets**

**(U.S. $ in thousands)**

**(unaudited)**

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **June 30, 2025** |
| **Assets** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1136342 | $2512874 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketable securities |  | 424268 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 907439 | 778302 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 289903 | 175793 |
| Total current assets | 2333684 | 3891237 |
| Non-current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property and equipment, net | 75612 | 105118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease right-of-use assets | 119676 | 169127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Strategic investments | 210908 | 221942 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets, net | 463457 | 244840 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 2303393 | 1304445 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets | 15312 | 3762 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other non-current assets | 128881 | 101499 |
| **Total assets** | $5650923 | $6041970 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $207734 | $222092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 816261 | 681601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue, current portion | 2250863 | 2227002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, current portion | 48197 | 50164 |
| Total current liabilities | 3323055 | 3180859 |
| Non-current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue, net of current portion | 160781 | 254252 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, net of current portion | 205740 | 201483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 989081 | 987684 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liabilities | 24259 | 23881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other non-current liabilities | 68979 | 48157 |
| **Total liabilities** | 4771895 | 4696316 |
| **Stockholders' equity** |  |  |
| &nbsp;&nbsp;Common stock | 3 | 3 |
| &nbsp;&nbsp;Additional paid-in capital | 6786376 | 5574290 |
| &nbsp;&nbsp;Accumulated other comprehensive income (loss) | (12285) | 13226 |
| &nbsp;&nbsp;Accumulated deficit | (5895066) | (4241865) |
| **Total stockholders' equity** | 879028 | 1345654 |
| **Total liabilities and stockholders' equity** | $5650923 | $6041970 |

---

------

**Atlassian Corporation**

**Condensed Consolidated Statements of Cash Flows**

**(U.S. $ in thousands)**

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Nine Months Ended March 31,** | **Nine Months Ended March 31,** |
| | **2026** | **2025** | **2026** | **2025** |
| **Cash flows from operating activities:** |  |  |  |  |
| Net loss | $(98389) | $(70807) | $(192904) | $(232784) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |  |  |
| &nbsp;&nbsp;Depreciation and amortization | 41284 | 23178 | 101238 | 69154 |
| &nbsp;&nbsp;Stock-based compensation | 408335 | 346842 | 1212086 | 1011718 |
| &nbsp;&nbsp;Impairment charges for leases and leasehold improvements | 53643 |  | 80316 |  |
| &nbsp;&nbsp;Deferred income taxes | 11138 | 1746 | (37570) | (1183) |
| &nbsp;&nbsp;Amortization of interest rate swap contracts |  | (6337) | (7163) | (20357) |
| &nbsp;&nbsp;Net loss (gain) on strategic investments | 1691 | 6643 | (22280) | 24546 |
| &nbsp;&nbsp;Net foreign currency loss (gain) | 5322 | (5169) | 6649 | (7750) |
| &nbsp;&nbsp;Other | (160) | (264) | (80) | (241) |
| &nbsp;&nbsp;Changes in operating assets and liabilities, net of business combinations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 4260 | 53770 | (121769) | (13955) |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 1118 | (294) | (135141) | (65967) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (23922) | (93) | (13564) | 14626 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 182992 | 131508 | 100932 | 53804 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | (19837) | 171958 | (96756) | 253467 |
| **Net cash provided by operating activities** | 567475 | 652681 | 873994 | 1085078 |
| **Cash flows from investing activities:** |  |  |  |  |
| Business combinations, net of cash acquired |  | (994) | (1228875) | (5969) |
| Purchases of property and equipment | (6211) | (14366) | (29612) | (29853) |
| Purchases of strategic investments | (2250) | (1100) | (7250) | (26650) |
| Purchases of marketable securities |  | (116716) | (67259) | (277039) |
| Proceeds from maturities of marketable securities | 59016 | 53584 | 144125 | 125212 |
| Proceeds from sales of marketable securities | 352093 | 1998 | 352093 | 1998 |
| Proceeds from sales of strategic investments | 1493 | 624 | 36333 | 4937 |
| **Net cash provided by (used in) investing activities** | 404141 | (76970) | (800445) | (207364) |
| **Cash flows from financing activities:** |  |  |  |  |
| Repurchases of Class A Common Stock | (990945) | (134305) | (1441191) | (387156) |
| Other |  |  |  | (3143) |
| **Net cash used in financing activities** | (990945) | (134305) | (1441191) | (390299) |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (2549) | 1783 | (9301) | (3709) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (21878) | 443189 | (1376943) | 483706 |
| **Cash, cash equivalents, and restricted cash at beginning of period** | 1158697 | 2218639 | 2513762 | 2178122 |
| **Cash, cash equivalents, and restricted cash at end of period** | $1136819 | $2661828 | $1136819 | $2661828 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Atlassian Corporation**

**Revenues by Deployment Options**

**(U.S. $ in thousands)**

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Nine Months Ended March 31,** | **Nine Months Ended March 31,** |
| | **2026** | **2025** | **2026** | **2025** |
| Cloud | $1132436 | $880429 | $3197171 | $2519697 |
| Data Center | 560733 | 388516 | 1368997 | 1086391 |
| Marketplace and other (1) | 93802 | 87771 | 239671 | 224872 |
| Total revenues | $1786971 | $1356716 | $4805839 | $3830960 |

---

(1) Included in Marketplace and other is premier support revenue. Premier support consists of subscription-based arrangements for a higher level of support across different deployment options. Premier support is recognized as Subscription revenue on the condensed consolidated statements of operations as the services are delivered over the term of the arrangement.

**Restructuring Charges**

**(U.S. $ in thousands)**

**(unaudited)**

During the third quarter ended March 31, 2026, the Company incurred restructuring charges associated with rebalancing of its resources and consolidating leases to accelerate its path to GAAP profitability, self-fund further investment in AI and enterprise sales, and reorganize its teams to move with more focus and speed around the Atlassian System of Work.

A summary of the restructuring charges for the three months ended March 31, 2026 by major activity type is as follows:

---

| | | | |
|:---|:---|:---|:---|
| | **Severance and Other Termination Benefits** | **Lease Consolidation** | **Total** |
| Cost of revenue | $16747 | $4281 | $21028 |
| Research and development | 104972 | 23548 | 128520 |
| Marketing and sales | 24423 | 18267 | 42690 |
| General and administrative | 24025 | 7568 | 31593 |
| Total | $170167 | $53664 | $223831 |

---

------

**Atlassian Corporation**

**Reconciliation of GAAP to Non-GAAP Results**

**(U.S. $ and shares in thousands, except percentage and per share data)**

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Nine Months Ended March 31,** | **Nine Months Ended March 31,** |
| | **2026** | **2025** | **2026** | **2025** |
| **<u>Gross profit</u>** |  |  |  |  |
| GAAP gross profit | $1524209 | $1137041 | $4047462 | $3170534 |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 17697 | 20980 | 56317 | 62225 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 24683 | 10131 | 54393 | 30377 |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges (3) | 21028 |  | 52620 |  |
| Non-GAAP gross profit | $1587617 | $1168152 | $4210792 | $3263136 |
| **<u>Gross margin</u>** |  |  |  |  |
| GAAP gross margin | 85% | 84% | 85% | 83% |
| &nbsp;&nbsp;Plus: Stock-based compensation | 1 | 2 | 1 | 2 |
| &nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 2 |  | 1 |  |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges (3) | 1 |  | 1 |  |
| Non-GAAP gross margin | 89% | 86% | 88% | 85% |
| **<u>Operating income</u>** |  |  |  |  |
| GAAP operating loss | $(56284) | $(12456) | $(200368) | $(101913) |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 408335 | 346842 | 1210654 | 1011718 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 31341 | 13897 | 70344 | 41675 |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges (3) | 223831 |  | 279509 |  |
| Non-GAAP operating income | $607223 | $348283 | $1360139 | $951480 |
| **<u>Operating margin</u>** |  |  |  |  |
| GAAP operating margin | (3%) | (1%) | (4%) | (3%) |
| &nbsp;&nbsp;Plus: Stock-based compensation | 23 | 26 | 25 | 27 |
| &nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 2 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges (3) | 12 |  | 6 |  |
| Non-GAAP operating margin | 34% | 26% | 28% | 25% |
| **<u>Net income</u>** |  |  |  |  |
| GAAP net loss | $(98389) | $(70807) | $(192904) | $(232784) |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 408335 | 346842 | 1210654 | 1011718 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 31341 | 13897 | 70344 | 41675 |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges (3) | 223831 |  | 279509 |  |
| &nbsp;&nbsp;&nbsp;Less: Income tax adjustments (1) | (108576) | (28427) | (314523) | (103777) |
| Non-GAAP net income | $456542 | $261505 | $1053080 | $716832 |
| **<u>Net income per share</u>** |  |  |  |  |
| GAAP net loss per share - diluted | $(0.38) | $(0.27) | $(0.73) | $(0.89) |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 1.56 | 1.29 | 4.60 | 3.82 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 0.12 | 0.05 | 0.27 | 0.16 |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges (3) | 0.86 |  | 1.06 |  |
| &nbsp;&nbsp;&nbsp;Less: Income tax adjustments (1) | (0.41) | (0.10) | (1.20) | (0.39) |
| Non-GAAP net income per share - diluted | $1.75 | $0.97 | $4.00 | $2.70 |
| **<u>Weighted-average diluted shares outstanding</u>** |  |  |  |  |
| Weighted-average shares used in computing diluted GAAP net loss per share | 260965 | 262671 | 262606 | 261423 |
| &nbsp;&nbsp;&nbsp;Plus: Dilution from dilutive securities (2) | 252 | 5959 | 646 | 3601 |
| Weighted-average shares used in computing diluted non-GAAP net income per share | 261217 | 268630 | 263252 | 265024 |
| **<u>Free cash flow</u>** |  |  |  |  |
| GAAP net cash provided by operating activities | $567475 | $652681 | $873994 | $1085078 |
| &nbsp;&nbsp;&nbsp;Less: Capital expenditures | (6211) | (14366) | (29612) | (29853) |
| Free cash flow | $561264 | $638315 | $844382 | $1055225 |

---

------

(1) We utilize a fixed long-term projected non-GAAP tax rate in our computation of the non-GAAP income tax adjustments in order to provide better consistency across interim reporting periods. In projecting this long-term non-GAAP tax rate, we utilized a three-year financial projection that excludes the direct and indirect income tax effects of the other non-GAAP adjustments reflected above. Additionally, we considered our current operating structure and other factors such as our existing tax positions in various jurisdictions and key legislation in major jurisdictions where we operate. For fiscal years 2026 and 2025, we determined the projected non-GAAP tax rate to be 24% and 26%, respectively. This fixed long-term projected non-GAAP tax rate eliminates the effects of non-recurring and period specific items which can vary in size and frequency. Examples of the non-recurring and period-specific items include, but are not limited to, changes in the valuation allowance related to deferred tax assets, effects resulting from acquisitions, and unusual or infrequently occurring items. We will periodically re-evaluate this long-term rate, as necessary, for significant events. The rate could be subject to change for a variety of reasons, for example, significant changes in the geographic earnings mix or fundamental tax law changes in major jurisdictions where we operate.

(2) The effects of these dilutive securities were not included in the GAAP calculation of diluted net loss per share for the three and nine months ended March 31, 2026 and 2025, because the effect would have been anti-dilutive.

(3) Restructuring charges include stock-based compensation expense related to the rebalancing of resources for the nine months ended March 31, 2026.

------

**Atlassian Corporation**

**Reconciliation of GAAP to Non-GAAP Financial Targets**

---

| | |
|:---|:---|
| | **Three Months Ending<br>June 30, 2026** |
| **GAAP gross margin** | **85.5%** |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 1.0 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 1.5 |
| **Non-GAAP gross margin** | **88.0%** |
| **GAAP operating margin** | **4.5%** |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 24.0 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 2.0 |
| **Non-GAAP operating margin** | **30.5%** |

---

---

| | |
|:---|:---|
| | **Fiscal Year Ending<br> June 30, 2026** |
| **GAAP gross margin** | **84.5%** |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 1.5 |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges | 0.8 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 1.2 |
| **Non-GAAP gross margin** | **88.0%** |
| **GAAP operating margin** | **(2.0%)** |
| &nbsp;&nbsp;&nbsp;Plus: Stock-based compensation | 25.0 |
| &nbsp;&nbsp;&nbsp;Plus: Restructuring charges | 4.4 |
| &nbsp;&nbsp;&nbsp;Plus: Amortization of acquired intangible assets | 1.6 |
| **Non-GAAP operating margin** | **29.0%** |

---

## Exhibit 99.2

![](teamq32026shareholderlet001.jpg)

------

![](teamq32026shareholderlet002.jpg)

Q3 FY26 2 Fellow shareholders, I'm thrilled to share our incredible Q3 results. The entire Atlassian team has been laser-focused on execution, and it shows in our numbers. From the CEO Shareholder letter Q3 FY26 \| April 30, 2026 1. Enterprise: All up, RPO grew to $4.0 billion, an increase of 37% y/y. We continue to see strong expansion with some of the world's largest organizations, like Siemens Energy, BBC, Rheinmetall, and Wayfair, who deepened their commitments with Atlassian this quarter. These enterprises want a trusted platform with security, governance, and domain expertise to power their workflows. 2. AI: We continue to add millions of monthly active users who rely on Rovo to cut busywork and speed up their business. AI credit usage is growing more than 20% month-over-month, showing that customers are using Rovo for more complex, higher-value work. Today, we see customers using Rovo growing their ARR at a rate roughly 2x the rate of those who aren't. Our customers have more options than ever before, and they're voting with their wallets - expanding seats across our core products and adopting additional offerings, led by Service Collection and Teamwork Collection (our primary AI monetization motion). They're signing bigger, longer deals because the Atlassian platform is mission critical in moving their work forward. We're seeing momentum across our three strategic priorities: Enterprise, AI, and System of Work. 🚀 Total revenue was strong at $1.8B, up 32% y/y 🚀 Cloud revenue surged past $1.1B, with growth accelerating to 29% y/y Service Collection scaled past $1B+ in ARR, growing over 30% y/y Rovo customers are growing their ARR at 2x the rate of non-Rovo customers Rovo customers' AI credit usage is growing 20%+ month-over-month Teamwork Collection customers use ~2x more AI credits per paid user and have 2x more agents vs. equivalent standalone customers.

------

![](teamq32026shareholderlet003.jpg)

Q3 FY26 3 3. System of Work: Our strategic differentiation is context. By connecting work, knowledge, people, and code in the Teamwork Graph, our customers benefit from one of the richest enterprise context graphs in the world. Their OKRs are in Goals, their workflows in Jira, their knowledge in Confluence, their conversations in Loom, their physical assets in Assets, and their code in repositories deeply integrated with Atlassian apps. The Teamwork Graph gives a complete view of an organization, pulling in context from connected third-party tools, and is further enriched by MCP use, which is doubling month-over-month. More and more enterprises are embracing our platform-wide vision, using Atlassian's System of Work to see the 'full picture'. Customers are committing to the Atlassian platform with collections as the on-ramp. As they add more collections, they deepen the Teamwork Graph, making all of a customer's AI investments (in Rovo and connected AI platforms) smarter, cheaper, and more valuable. This creates a flywheel of better insights, more automation, and more reasons to expand across the platform. Last quarter we shared the traction we're seeing with Teamwork Collection: 1,000+ customers have upgraded, consolidating onto the Atlassian platform and expanding their seat counts by 10%+. Today, Teamwork Collection customers use 2x more AI credits per paid user and have 2x more active agents vs. standalone customers of the same size. This quarter, I want to dig into Service Collection which is both a key demand signal for AI and the data flywheel that makes Atlassian's AI better (more teams = more context = smarter AI).

------

![](teamq32026shareholderlet004.jpg)

Q3 FY26 4 Service Collection Surpasses $1B in ARR, growing over 30% y/y With Jira Service Management, Customer Service Management, Assets, and Rovo, Service Collection is one of our fastest-growing businesses, and we are taking share from competitors. Service Collection shot past $1 billion in annual recurring revenue (ARR)1, and is growing over 30% y/y. Today, 65,000+ customers - including over half of the Fortune 500 - trust us for IT, enterprise, HR, and customer service management, with enterprise ARR growing over 50% y/y. A key driver of this strong demand is the AI capabilities we've threaded natively throughout. Service Collection customers who use our AI capabilities are getting results: resolving issues 13% faster than non-AI users. They're also resolving 20% more issues overall. And customers are deploying agents at a rapid clip. Today, Service Collection is driving 50% of the agentic automation runs across the Atlassian platform, which are growing 30% month-over-month, underscoring the increasing value we're delivering to customers through our AI-powered platform. It's not just IT teams driving Service Collection's momentum. Today over 60% of Service Collection instances are for non-IT functions. HR, legal, finance and marketing teams that previously managed requests through email and spreadsheets are now running structured, measurable workflows on our platform. Before Jira Service Management, service requests for marketing, finance, ops and facilities were scattered across inboxes. MillerKnoll rolled out a "JSM-first" intake model, turning hidden workflows into structured, measurable processes, using automation to eliminate manual handoffs and dashboards to monitor queues in real time. One employee now supports 20+ workplace apps, and they're scaling further with Rovo to help non-technical teams find information and handle workflows faster. "Service Collection turns invisible processes into visible workflows, allowing teams to map and optimize business relationships that were previously impossible to see." SHELBY CORBITT, AI SOLUTIONS ENGINEER "Jira Service Management is the backbone of all our support units, helping our customers get the right support. And now with AI built in, they can get that support even faster." TOBIAS LANGJAHR, PRODUCT MANAGER Mercedes-Benz is providing employees with better service faster by standardizing request intake, routing, and service-level agreements with Service Collection. Since the app works hand-in-hand with Jira and Confluence and is enhanced by Rovo, users can self-serve in many cases, which has reduced ticket volume and resolution times. Unlocking access to Assets within Jira Service Management Cloud enabled the team to create a single source of truth for the most up-to-date metadata on car models, variants, and components – significantly streamlining impact analysis and change coordination whenever something changes. Breville and others have done the same. IT is often the starting point, but the real opportunity is connecting every team on a single, AI-powered platform.

------

![](teamq32026shareholderlet005.jpg)

Q3 FY26 5 Enterprises are Replacing Legacy ITSM with Atlassian This quarter was our largest ever for competitive displacements from a major ITSM provider, with broad- based momentum and strong wins across all segments. Why? Because AI is making the old service playbook outdated. Customers are choosing Service Collection because: 1. With Rovo, it's built for an AI-driven world, going beyond basic ticket routing to an experience driven by data and teamwork 2. The Teamwork Graph context advantage enables faster service and connects every team across an enterprise 3. It has a modern UX that teams actually want to use, allowing employees to get service wherever they are - website, messaging platform, search or chat tools 4. It offers compelling value versus legacy incumbents, while also improving faster due to Atlassian's R&D advantages ENGIE Mexico freed up 200 hours a month for their technical team by automating workflows, reporting, and SLA management in Jira Service Management. In six months, The Warehouse Group cut service costs by 70% and shifted 2.5 full-time roles to focus on strategic initiatives. 24 Hour Fitness consolidated a sprawl of point tools onto a single platform, shaving 37% off their annual IT budget. A leading integrated healthcare network in Switzerland with over 8,000 employees, transitioned from a legacy ITSM solution to Service Collection, extending its use beyond IT to an enterprise service portal that supports over 40 teams across Legal, People & Culture, and Data Governance in managing service requests and incidents. The organization now employs Rovo for knowledge discovery, with plans to further evolve its AI capabilities over time. More and more customers like Galenica, Bombas, Domino's Pizza Enterprises, and others are making the same shift to Service Collection, saving time and improving ROI where legacy systems are not meeting the moment in an AI-driven world.

------

![](teamq32026shareholderlet006.jpg)

Q3 FY26 AI-Native Innovation We're not just winning on breadth and value, we're shipping innovation that keeps us ahead of competitors both large and small. This quarter we announced that Rovo Service is now generally available. This human-supervised AI agent plans and executes employee support resolution and onboarding workflows. This means AI actually does the work, and takes action itself rather than just pointing you to a knowledge base article. We also launched Proactive AIOps, an AI-driven early incident detection and change risk assessment that helps IT ops teams get ahead of problems, instead of reacting to them. Customers are finding the signal through the noise, experiencing a ~70% compression ratio for alerts and 6x faster post-incident review creation with AI. Beyond IT, we've also extended Service Collection with a new Customer Service Management (CSM) app built on the same AI-native foundation. By tapping into the same data and context that power Rovo and Jira Service Management, we put the Teamwork Graph into action to give agents a full view of the customer (past interactions, related incidents, deployments, and knowledge) and let AI take action on that context. That means fewer handoffs, faster resolution, and a single service platform that works for both employees and end customers. Internally, our customer support services and Loom team deployments show greater than 70% AI resolution rates across more than 100,000+ conversations. "Gartner® estimates that by 2030, 30% of organizations will achieve autonomous operations for 80% of their digital workplace services, up from 0% in 2025."2 We expect Service Collection to be a leader for this, with incredible runway and market opportunity ahead. Bottom Line Focus: Driving Durable, Profitable Growth We have strong momentum, and are heads down, focused on executing our key growth priorities: Enterprise, AI, and System of Work. As we push our advantage on these and drive revenue growth at scale, we're forging ahead with strong fiscal discipline as we self-fund further investment in AI and enterprise sales, while accelerating our path towards GAAP profitability. I'm energized by the addition of James to the TEAM as we add a new strategic priority: a sharp and sustained focus on durable, profitable growth. Looking Ahead We're expanding within our largest customers, and using the power of context across millions of users and hundreds of millions of workflows to deliver AI that's creating real value for our customers every day. In a world where humans will run teams of agents, context is the only anchor to avoid chaos. So we're asking our customers - are you building a company that forgets or one that compounds? And we believe that answer will fundamentally decide which organizations are truly AI-native. With Atlassian, our customers aren't just choosing software, they're choosing the kind of company they want to become. That's what gives us confidence that our growth is durable and that the AI transformation is expanding our long-term opportunity. There's a lot more exciting announcements to come at Team '26. Don't just take our word for it. LPL Financial, Cisco, Rivian, Amazon Web Services, CHG Healthcare, Expedia Group and more Atlassian customers will be on stage to share how they are unleashing the potential of their teams with Atlassian. We hope to see you there. 6 Mike Cannon-Brookes CEO and Co-founder Footnotes: 1. We define annual recurring revenue ("ARR") as the annualized recurring run-rate revenue of subscription agreements to our Cloud and Data Center offerings at a point in time. We calculate ARR by taking the monthly recurring revenue ("MRR") run-rate for Cloud and Data Center subscriptions and multiplying it by 12. Cloud MRR for each month is calculated by aggregating monthly recurring revenue from committed contractual amounts at a point in time. Data Center MRR for each month is calculated based on the annual contract value from committed contractual amounts at a point in time. ARR on a single product basis is defined as ARR from subscriptions for that specific product. ARR and MRR should be viewed independently of revenue and do not represent our revenue under GAAP, as they are operational metrics that can be affected by contract start and end dates and renewal rates. 2. Gartner, The Impact of AI Agents on Digital Workplace IT Operations, Stuart Downes, Autumn Stanish, et al., 16 September 2025. GARTNER is a trademark of Gartner, Inc. and/or its affiliates. Mike

------

![](teamq32026shareholderlet007.jpg)

Q3 FY26 7 A WORD FROM OUR CUSTOMERS As we migrate to Atlassian Cloud, American Eagle is building a secure, scalable platform that brings teams together, standardizes how work gets done, and helps us move faster while meeting our security and compliance requirements." NIVIDA SHARMA PRODUCT MANAGER TECHNOLOGY INFRASTRUCTURE ENTERPRISE " " DONE

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![](teamq32026shareholderlet008.jpg)

Q3 FY26 We're picky about AI. What convinced us was Atlassian's focus on secure, governed agents and their willingness to build alongside us. That's why we trust Rovo in our system of work." SHIVI VERMA SENIOR MANAGER, ENGINEERING " A WORD FROM OUR CUSTOMERS AI 8 RESOLVED

------

![](teamq32026shareholderlet009.jpg)

Q3 FY26 Rovo and Atlassian's teamwork graph are becoming the backbone of our System of Work—connecting Jira, Confluence, JSM, Slack, email, and more--so agents can reason across all of it. That's what takes us from AI hovering at the edges to AI embedded in the core of how the organization operates. MATTHEW HARGREAVES, HEAD OF PRODUCT DELIVERY AND AUTOMATION " A WORD FROM OUR CUSTOMERS SYSTEM OF WORK 9 RESOLVED

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Q3 FY26 10 in the Gartner® Magic Quadrant™ for DevOps Platforms1 A Leader in The Forrester Wave™: Enterprise Service Management, Q4 2025 A Leader Notes: Unless otherwise noted, customer data is as of December 31, 2025, financial data reflected is as of or for the fiscal year ending June 30, 2025, and market opportunity data is as of or for the fiscal year ending June 30, 2024. The user diversity breakdown by product is based on a sample of 5 million+ Jira and Confluence Cloud users and 1 million+ Jira Service Management users as of March 31, 2024. 1 — Gartner, Magic Quadrant for DevOps Platforms, Keith Mann, George Spafford, Bill Holz, Thomas Murphy, 22 September 2025. 2 — Gartner, Magic Quadrant for Collaborative Work Management, Nikos Drakos, Joe Mariano, Lacy Lei, Hironori Hayashi, 28 October 2025 GARTNER and MAGIC QUADRANT are trademarks of Gartner, Inc. and its affiliates. Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner's business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this Shareholder Letter), and the opinions expressed in the Gartner Content are subject to change without notice. Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. This report is part of a broader collection of Forrester resources, including interactive models, frameworks, tools, data, and access to analyst guidance. For more information, read about Forrester's objectivity here . User diversity across our offerings in the 2025 Gartner® Magic Quadrant™ for Collaborative Work Management2 A Leader Atlassian at-a-glance $67B market opportunity growing 13% annually customers across all industries >350K >600 customers with $1M+ in ARR Americas: 48% EMEA: 41% Asia Pacific: 11% REVENUE BY GEOGRAPHY Q3 FY26 Named Named Named Technical teams Business teams The three markets we serve Software development SAM, growing 9% annually $17B Work management SAM, growing 14% annually $35B Service management SAM, growing 13% annually $15B ($6B ITSM + $9B non-ITSM) customers >100K customers >65K 52% 48% customers 150K 51% 49% 50% 50%

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Q3 FY26 11 A reconciliation of GAAP to non-GAAP measures is provided within the tables at the end of this letter, in our earnings press release, and on our Investor Relations website. James Chuong Chief Financial Officer Financial highlights All growth comparisons below relate to the corresponding period of last year, unless otherwise noted. ABJ IM J J G B Q J % % BF F B MEE JQ G PFL O O CTACMP MCN OF NC P MCNAC P ECO AJ 1GF A ,F 1 J A % % % %' J M CRC C -., -) , - , 6NLOO MNLDGP (()- 6NLOO NEG (:MCN PG E LOO , (. (, :MCN PG E NEG 9CP LOO .). - . - 9CP LOO MCN OF NC $ G PC %). %(- 2 OF D LS DNL LMCN PGL O ,- - , (,. 2GF J M 6NLOO MNLDGP .- , - ,. (6NLOO NEG) :MCN PG E G AL C , - (()) . (.) :MCN PG E NEG %(9CP G AL C , ((, 9CP G AL C MCN OF NC $ G PC %- % - 5NCC A OF D LS , (, ,).) $ Third quarter fiscal year 2026 highlights We delivered strong financial results in Q3. Total revenue growth exceeded expectations, as Cloud revenue growth accelerated to 29% year-over-year (y/y) and greater-than-expected term license revenue recognition drove outsized Data Center revenue growth in the quarter. Our execution against our key strategic priorities of Enterprise, AI, and System of Work is enhancing the value we deliver for customers across our platform. Customers continue to deepen their relationships with Atlassian, broadening their footprint across our System of Work as they expand their seats in our core offerings such as Jira and accelerate adoption of our AI enhanced collections such as Service Collection and Teamwork Collection, resulting in intensifying agentic usage as they deploy Rovo in their workflows. Non-GAAP gross profit and operating income landed ahead of our expectations, as a result of our revenue outperformance and lower-than-expected operating costs. Third quarter fiscal year 2026 financial summary (U.S. $ in thousands, except percentages and per share data) In Q3'26, we incurred restructuring charges associated with rebalancing our resources and consolidating office leases to accelerate our path to GAAP profitability, self-fund further investment in AI and enterprise sales, and reorganize our teams to move with more focus and speed around our System of Work. These restructuring charges are excluded from our non-GAAP results, and further detail is provided below.

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Q3 FY26 I'm excited about the opportunity ahead. We are uniquely positioned with more than 350,000 customers—from the world's largest enterprises, including 85% of the Fortune 500, to the most cutting-edge startups, including over 60% of the Forbes AI 50—relying on the Atlassian System of Work to power their mission-critical workflows. I look forward to partnering with Mike and the Atlassian team to accelerate the value and innovation we deliver to our customers while driving durable, profitable growth. 12 ABJ IM J J G B % % J N FM J M G PFL O O CTACMP MCNAC P EC R 5 % 5 %' J GN J Q J JGO A 6 N FM Q Q OANGMPGL , . .. (-(.-,)) :PFCN .. ., .) . LP NCRC CO -., -) , - ,)(5 % 5 %' J GN J Q J JGO A 6 N FM Q GQE F 2 L)(), .. ((3 P 2C PCN , -))).. , 8 N CPM AC LPFCN) . (.- -- - LP NCRC CO -., -) , - ,)(5 % 5 %' J GN J Q J JGO A 6 N FM Q G J AB J BGF 1 CNGA O .). ,. ,)-) ,)(4841 -,) - -)) 1OG AGDGA . .- - . - (LP NCRC CO -., -) , - ,)(Revenue (U.S. $ in thousands, except percentage data) Highlights for Q3'26 include: • Revenue of $1.8 billion increased 32% y/y, driven by strong growth in our Cloud offerings and greater term license revenue recognized on Data Center subscriptions. • GAAP gross margin of 85% increased 1 ppt and non-GAAP gross margin of 89% increased 3 ppts from the prior year driven by higher Cloud gross margin from continued optimization of our Cloud infrastructure. • GAAP cost of revenues includes restructuring charges of $21 million which negatively impacted GAAP gross margin by 1 ppt. • GAAP operating loss was $56 million, and GAAP operating margin of (3%) decreased 2 ppts from the prior year. Non-GAAP operating income was $607 million and non-GAAP operating margin of 34% increased 8 ppts from the prior year driven primarily by higher gross margin and improved operating leverage from employment expense savings from the restructuring. • GAAP operating loss includes $224 million of restructuring charges which negatively impacted GAAP operating margin by ~13 ppts. • Operating cash flow of $567 million decreased 13% y/y, and includes $94 million of payments related to the restructuring charges. Free cash flow of $561 million decreased 12% y/y. • We repurchased 11.8 million shares totaling $1.0 billion, which represents approximately 4% of total shares outstanding. $2.2 billion in repurchase authorization remains outstanding.

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Q3 FY26 13 Revenues by deployment (U.S. $ in millions, except percentage data) Note: revenue totals may not foot due to rounding Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 $94 $84 $62 $76 $88 $77 $561 $436 $373 $381 $389 $362 $1,132$1,067$998$928$880$847 Cloud Data Center Marketplace and other $1,787 $1,586 $1,433$1,384$1,357 $1,286 (1) Year-over-year growth % Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Cloud 30% 25% 26% 26% 26% 29% Data Center 32% 7% 17% 11% 20% 44% Marketplace and other 23% (5%) 13% 4% 8% 7% Total revenues 21% 14% 22% 21% 23% 32% Included in Marketplace and other is premier support revenue. Premier support is a subscription-based arrangement for a higher level of support across different deployment options. Premier support is recognized as subscription revenue on the Condensed Consolidated Statements of Operations as the services are delivered over the term of the arrangement. (1)

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Q3 FY26 14 Revenue growth in Q3 was driven by subscription revenue, which grew 33% y/y. Cloud revenue growth of 29% y/y was driven by paid seat expansion within existing customers, cross- sell of Service Collection and Teamwork Collection, Data Center to Cloud migrations, and higher ARPU. Continued momentum with Teamwork Collection, as customers upgrade for increased AI credits to deploy agents in their workflows, and strong seat expansion in Jira drove Cloud revenue growth ahead of expectations. Customers are recognizing the value of the Atlassian platform as they adopt our collections; add more teams across marketing, HR, finance and legal; and deepen their engagement with our System of Work. Earlier this fiscal year, we announced plans to end-of-life (EOL) our Data Center offering. This results in a higher proportion of the total contract value for Data Center subscriptions recognized upfront as term license revenue ("DC EOL revenue recognition impact"). Data Center revenue growth of 44% y/y was primarily driven by the DC EOL revenue recognition impact, pricing, pull-forward of customer purchasing into Q3 from future periods, partially offset by continued migrations to Cloud. This quarter represents our largest renewal quarter for our Data Center customer base, and this seasonality in combination with a greater-than-expected DC EOL revenue recognition impact resulted in a higher growth rate in Q3 relative to the other quarters and drove greater-than-expected revenue growth in the quarter. Marketplace and other revenue growth of 7% y/y was driven by sales of third-party marketplace apps for Cloud and Data Center offerings. Remaining performance obligation (RPO) increased to $4.0 billion, up 37% y/y, driven by the continued growth in multi-year agreements as customers continue to deepen their commitment to the Atlassian Platform. Current RPO (cRPO) of $2.8 billion, grew 22% y/y with the greater-than-expected DC EOL revenue recognition impact driving a greater proportion of term license revenue recognized upfront in the quarter, and less booked to cRPO. ABJ IM J J G B % % E J BF F G J BF P F MEE JQ G PFL O O CTACMP MCN OF NC P MCNAC P EC R 5 % 5 %' JG E J BF 611 ENLOO NEG (9L $611 ENLOO NEG) G G J BF P F 611 LMCN PG E CTMC OCO .) - 9L $611 LMCN PG E CTMC OCO .) . ., 6 J A F N G E F P F 611 NCOC NAF CRC LM C P CTMC OCO (, ,.)(9L $611 NCOC NAF CRC LM C P CTMC OCO -)(,)- 2 525 0 3.7.16.4 % % 1 JC BF F P F 611 N CPG E O CO CTMC OCO) ((.)(9L $611 N CPG E O CO CTMC OCO)), , ((. 2 525 0 3.7.16.4 F J F EBFB J BN P F 611 EC CN G GOPN PGRC CTMC OCO (,.) 9L $611 EC CN G GOPN PGRC CTMC OCO), , (, 2 525 0 3.7.16.4) 3 J BF BF GE 611 LMCN PG E LOO , (. (, 9L $611 LMCN PG E G AL C , - (()) . (.) 2 525 0 3.7.16.4 %(% Margins, operating expenses, and operating income (loss) (U.S. $ in thousands, except percentage data)

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Q3 FY26 15 The following restructuring charges were incurred in the quarter, and are excluded from our non-GAAP results: Restructuring charges (U.S. $ in thousands, unaudited) GAAP operating expenses increased 37% y/y driven by restructuring charges of $203 million, which contributed 18 ppts to the y/y increase. Non-GAAP operating expenses increased 20% y/y and were lower than expected due to employment expense savings from lower headcount. GAAP operating margin of (3%) was lower than expected driven by the restructuring charges, which had a negative impact of ~13 ppts. Non-GAAP operating margin of 34% exceeded our expectations, driven by better-than-expected gross margin, moderation in the pace of hiring, and cost savings from the restructuring activities. Net income (loss) (U.S. $ in thousands, except per share data) ABJ IM J J G B % % 2 F GE G PFL O O CTACMP MCN OF NC P 5 % 5 %' J M 9CP LOO .). - . - 9CP LOO MCN OF NC $ G PC %). %(- 2GF J M 9CP G AL C , ((, 9CP G AL C MCN OF NC $ G PC %- % - ABJ IM J J G B % % -J A - GO G PFL O O CTACMP MCNAC P EC 5 % 5 %' -J A GO 611 CP A OF MNLRG C LMCN PG E APGRGPGCO ,- - , (,. 7COO0 2 MGP CTMC GP NCO , (),, 5NCC A OF D LS , (, ,).) 2 525 0 3.7.16.4 6 JM MJBF N J F F 3 A J JEBF BGF F B 2 20 , 2 G 2LOP LD NCRC C $% $%$% COC NAF CRC LM C P $, % % $% % 8 N CPG E O CO % % $% % , 6C CN G GOPN PGRC % % $, LP $$%% $ ABJ IM J J G B % % 2 F GE G PFL O O CTACMP MCN OF NC P 5 % 5 %' J M 9CP LOO .). - . - 9CP LOO MCN OF NC $ G PC %). %(- 2GF J M 9CP G AL C , ((, 9CP G AL C MCN OF NC $ G PC %- % - ABJ IM J J G B % % -J A - GO G PFL O O CTACMP MCNAC P EC 5 % 5 %' -J A GO 611 CP A OF MNLRG C LMCN PG E APGRGPGCO ,- - , (,. 7COO0 2 MGP CTMC GP NCO , (),, 5NCC A OF D LS , (, ,).) 2 525 0 3.7.16.4 6 JM MJBF N J F F 3 A J JEBF BGF F B 2 20 , 2 G 2LOP LD NCRC C $% $%$% COC NAF CRC LM C P $, % % $% % 8 N CPG E O CO % % $% % , 6C CN G GOPN PGRC % % $, LP $$%% $ Free cash flow (U.S. $ in thousands, except percentage data) Free cash flow decreased 12% y/y driven by $94 million of payments for employee severance and other termination benefits related to the restructuring activities. We expect to make the remaining $76 million of payments for severance and other termination benefits in Q4'26. ABJ IM J J G B % % 2 F GE G PFL O O CTACMP MCN OF NC P 5 % 5 %' J M 9CP LO .). - . - 9CP LO MCN OF NC $ G PC %). %(- 2GF J M 9CP G AL C , ((, 9CP G AL C MCN OF NC $ G PC %- % - ABJ IM J J G B % % -J A - GO G PFL O O CTACMP MCNAC P EC 5 % 5 %' -J A GO 61 CP A OF MNLRG C LMCN PG E APGR PGCO ,- - , (,. 7CO 0 2 MGP CTMC GP NCO , (), 5NC A OF D LS , (, ,).) 2 525 0 3.7.16.4 6 JM MJBF N J F F 3 A J JEBF BGF F B 2 20 , 2 G 2LOP LD NCRC C $% $%$% COC NAF CRC LM C P $, % % $% % 8 N CPG E O CO % % $% % , 6C CN G GOPN PGRC % % $, LP $$% $

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Q3 FY26 Q3 FY26 21 We define the number of customers with Cloud ARR greater than $10,000 at the end of any particular period as the number of organizations with unique domains with an active Cloud subscription and greater than $10,000 in Cloud ARR. We define Cloud ARR as the annualized recurring revenue run-rate of Cloud subscription agreements at a point in time. We calculate Cloud ARR by taking the Cloud monthly recurring revenue (Cloud MRR) run-rate and multiplying it by 12. Cloud MRR for each month is calculated by aggregating monthly recurring revenue from committed contractual amounts at a point in time. Cloud ARR and Cloud MRR should be viewed independently of revenue and do not represent our revenue under GAAP, as they are operational metrics that can be affected by contract start and end dates and renewal rates. Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 55,91355,36953,01751,97850,71549,44946,84445,84244,336 Customers with >$10,000 in Cloud ARR For each period ended We ended Q3'26 with 55,913 customers with greater than $10,000 in Cloud annualized recurring revenue (Cloud ARR), an increase of 10% y/y. These customers represent over 85% of total Cloud ARR as they continue to recognize the value and power of the Atlassian platform. Our investments in expanding AI capabilities, the Teamwork Graph, along with data governance and security are driving deeper customer commitment to the Atlassian System of Work in the AI era. 16

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Q3 FY26 Financial targets (U.S. $) Q4'26 FY26 17 -BF F B J R AJ 1GF A ,F BF 0MF % % CRC C ,) G GL PL ,, G GL 2 L NCRC C ENLSPF C N$LRCN$ C N MMNLT% (% 3 P 2C PCN NCRC C ENLSPF C N$LRCN$ C N MMNLT .% 8 N CPM AC LPFCN NCRC C ENLSPF C N$LRCN$ C N MMNLT ,% 6NLOO NEG . % :MCN PG E NEG % 2GF R AJ 1GF A ,F BF 0MF % % 6NLOO NEG ..% :MCN PG E NEG) % R 0 3 , 6 CRC C ENLSPF C N$LRCN$ C N MMNLT% (2 L NCRC C ENLSPF C N$LRCN$ C N 0.1 % 3 P 2C PCN NCRC C ENLSPF C N$LRCN$ C N MMNLT% (% 8 N CPM AC LPFCN NCRC C ENLSPF C N$LRCN$ C N MMNLT% ,% 6NLOO NEG . % :MCN PG E NEG (% 2GF 0 3 , 6 6NLOO NEG ..% :MCN PG E NEG (% -BF F B J R AJ 1GF A ,F BF 0MF % % CRC C ,) G GL PL ,, G GL 2 L NCRC C ENLSPF C N$LRCN$ C N MMNLT% (% 3 P 2C PCN NCRC C ENLSPF C N$LRCN$ C N MMNLT .% 8 N CPM AC LPFCN NCRC C ENLSPF C N$LRCN$ C N MMNLT ,% 6NLOO NEG . % :MCN PG E NEG % 2GF R AJ 1GF A ,F BF 0MF % % 6NLOO NEG ..% :MCN PG E NEG) % R 0 3 , 6 CRC C ENLSPF C N$LRCN$ C N MMNLT% (2 L NCRC C ENLSPF C N$LRCN$ C N 0.1 % 3 P 2C PCN NCRC C ENLSPF C N$LRCN$ C N MMNLT% (% 8 N CPM AC LPFCN NCRC C ENLSPF C N$LRCN$ C N MMNLT% ,% 6NLOO NEG . % :MCN PG E NEG (% 2GF 0 3 , 6 6NLOO NEG ..% :MCN PG E NEG (%

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Q3 FY26 18 Q4'26 Outlook TOTAL REVENUE For Q4'26, we expect total company revenue to be in the range of $1,653 million to $1,661 million. This guidance implies full-year FY26 revenue growth of approximately 24% y/y. In setting our outlook, we continue to take a thoughtful and prudent approach that considers the uncertainty of the macroeconomic and geopolitical environment, and ongoing evolution of our enterprise go-to-market sales motion. We remain focused on executing against our key strategic priorities by delivering increased customer value through the Atlassian System of Work, and driving durable, profitable growth at scale. Further detail and expected trends are provided below: CLOUD REVENUE We expect Q4'26 Cloud revenue growth of approximately 25.5% y/y, and are increasing our FY26 Cloud revenue growth outlook to 26.5% y/y. We continue to expect migrations to drive a mid-to-high single-digit contribution to Cloud revenue growth in FY26 and for Data Center customers to migrate to Cloud over a multi-year period. We also continue to expect DX to contribute approximately 1 ppt to Cloud revenue growth in FY26. DATA CENTER REVENUE We expect Q4'26 Data Center revenue growth of approximately 8.5% y/y, and are increasing our FY26 Data Center revenue growth outlook to approximately 21.5% y/y. As mentioned, customers pulled forward purchasing and expansion activity into Q3 from future periods resulting in greater-than-expected DC EOL revenue recognition impact in FY26. Looking ahead to FY27, we expect Data Center revenue growth to meaningfully decelerate as we lap the DC EOL revenue recognition impact and pull-forward of expansion activity in FY26. Additionally, we expect Data Center customers to continue migrating to the Cloud and to moderate their seat expansion as they plan their migrations, resulting in lower FY27 Data Center revenue growth. MARKETPLACE AND OTHER REVENUE We expect Q4'26 Marketplace and other revenue growth of approximately 6.5% y/y, and full-year FY26 Marketplace and other revenue growth of approximately 6.5% y/y. Marketplace and other revenue is driven by sales of third-party marketplace apps for our Cloud and Data Center offerings. As a reminder, we currently have a lower Marketplace take rate on the sale of third-party Cloud apps relative to Data Center apps as we incentivize further development on our next- generation Forge platform.

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Q3 FY26 GROSS MARGIN For Q4'26, we expect GAAP gross margin of 85.5% and non-GAAP gross margin of 88.0%. For full-year FY26, we now expect GAAP gross margin of 84.5% and non-GAAP gross margin of 88.0%. This guidance assumes our continued optimization of Cloud infrastructure and support costs will offset the negative impact of continued revenue mix shift to Cloud and increased cost of revenues as customers deploy Rovo across their workflows. OPERATING MARGIN For Q4'26, we expect GAAP operating margin to be 4.5% and non-GAAP operating margin to be 30.5%. Q4'26 GAAP operating margin will benefit by approximately 7 ppts, and our Q4'26 non-GAAP operating margin will benefit by approximately 5 ppts, from employee and lease related expense savings resulting from the Q3 restructuring actions. We plan to reinvest a portion of these savings in FY27 to self-fund further investment in AI and enterprise sales to drive durable, long-term growth. For full-year FY26, we expect GAAP operating margin to be (2.0%) and non-GAAP operating margin to be 29.0%. We are focused on accelerating our path to sustained GAAP profitability and delivering operating margin expansion over time. SHARE COUNT We expect diluted share count to decrease by approximately 2.5% in FY26, driven by our share repurchase program. 19

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Q3 FY26 S ARR AM 1N ON AS NM 1NMDEMRED 1NMRN DASED SASELEMSR NF :OE AS NMR % % AMD R A ER M S NTRAMDR EWCEOS OE R A E DASA TMATD SED EE 8NMS R 3MDED 8A C) ME 8NMS R 3MDED 8A C) ((, ((((, ((FWFO FT0 CTDS PO , . .. (-(.-, .)) , . -(IFS .. ., .) . ((- , ((... P BM SFWFO FT -., -) , - , . .)) .) , 3PT PG SFWFO FT ((,(-,((,- - .)-- ,, (, 7SPTT SPG (()- - ,() -) FSB O F FOTFT0 FTFBSDI BOE EFWFMP NFO ((, ,.)(()- ,. ,) :BSLF O BOE TBMFT () ((.)(. .(7FOFSBM BOE BEN O T SB WF (,.) .,) .) , P BM P FSB O F FOTFT .) - (- .)) (-(- FSB O MPTT , (. (, (),.) IFS ODPNF F FOTF OF () .,)) (((8O FSFT ODPNF ((- -,- , , . - 8O FSFT F FOTF - .)) ((() 9PTT CFGPSF ODPNF B FT ,(- -) - .- . - SPW T PO GPS ODPNF B FT) ,)) . (. .) F MPTT .). - . - (()(-. F MPTT FS TIBSF B S C BCMF P 3MBTT 1 BOE 3MBTT 2 DPNNPO T PDLIPMEFST0 2BT D %). %(- %-) %. 4 M FE %). %(- %-) %. AF I FE$BWFSB F TIBSFT TFE O DPN O OF MPTT FS TIBSF B S C BCMF P 3MBTT 1 BOE 3MBTT 2 DPNNPO T PDLIPMEFST0 2BT D (, , (,(,- (,(, , (, () 4 M FE (, , (,(,- (,(, , (, () 1NP O T ODM EF T PDL$CBTFE DPN FOTB PO BT GPMMP T0 EE 8NMS R 3MDED 8A C) ME 8NMS R 3MDED 8A C) ((, ((((, ((3PT PG SFWFO FT - , - (. - - ,(((FTFBSDI BOE EFWFMP NFO ((. - .,()-) , - :BSLF O BOE TBMFT) ()) - (, ((()() 7FOFSBM BOE BEN O T SB WF ,)) ()(, (1NP O T ODM EF BNPS B PO PG BDR SFE O BO CMF BTTF T BT GPMMP T0 EE 8NMS R 3MDED 8A C) ME 8NMS R 3MDED 8A C) ((, ((((, ((3PT PG SFWFO FT (,.))))))-- FTFBSDI BOE EFWFMP NFO (. (. :BSLF O BOE TBMFT , ,) ,-(,- - Condensed consolidated statements of operations (U.S. $ and shares in thousands, except per share data) (unaudited) 20

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Q3 FY26 S ARR AM 1N ON AS NM 1NMDEMRED 1NMRN DASED 0A AMCE EESR % % M S NTRAMDR TMATD SED 8A C) ((, 6TME) ((RRESR 3 SSFO BTTF T0 3BTI BOE DBTI FR WBMFO T),) (((.- :BSLF BCMF TFD S FT ((,. 1DDP O T SFDF WBCMF OF -) --.) (SF B E F FOTFT BOE P IFS D SSFO BTTF T (.) - -) P BM D SSFO BTTF T ())) ,.) . ()- PO$D SSFO BTTF T0 SP FS BOE FR NFO OF - , (. FSB O MFBTF S I $PG$ TF BTTF T ,-, , (- SB F D OWFT NFO T (. (((8O BO CMF BTTF T OF ,) - (. 7PPE MM ())))) 4FGFSSFE B BTTF T) () -,(IFS OPO$D SSFO BTTF T (. .. NSA ARRESR , () , - AB S ER AMD SNCJ N DE R 3PT S 3 SSFO M BC M FT0 1DDP O T B BCMF (- -) ((((1DDS FE F FOTFT BOE P IFS D SSFO M BC M FT . , (, ,. , 4FGFSSFE SFWFO F D SSFO PS PO ((.,) (((- (FSB O MFBTF M BC M FT D SSFO PS PO . - , P BM D SSFO M BC M FT))()) . . PO$D SSFO M BC M FT0 4FGFSSFE SFWFO F OF PG D SSFO PS PO , -. (((FSB O MFBTF M BC M FT OF PG D SSFO PS PO (- (.) 9PO $ FSN EFC . . .- ,. 4FGFSSFE B M BC M FT ((() .. IFS OPO$D SSFO M BC M FT ,. - . - NSA AB S ER -- . , ,) , SNCJ N DE R EPT S 3PNNPO T PDL)) 1EE POBM B E$ O DB BM , -.,)-, - (1DD N MB FE P IFS DPN SFIFOT WF ODPNF MPTT ((.) ((, 1DD N MB FE EFG D . ,, (., NSA RSNCJ N DE R EPT S .- (.) , NSA AB S ER AMD RSNCJ N DE R EPT S , () , - , Condensed consolidated balance sheets (U.S. $ in thousands) (unaudited) 21

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Q3 FY26 S ARR AM 1N ON AS NM 1NMDEMRED 1NMRN DASED SASELEMSR NF 1AR 4 N R % % M S NTRAMDR TMATD SED EE 8NMS R 3MDED 8A C) ME 8NMS R 3MDED 8A C) ((, ((((, ((1AR F N R F NL NOE AS MG ACS U S ER. F MPTT .). - . - (()(-. 1E T NFO T P SFDPOD MF OF MPTT P OF DBTI SPW EFE C P FSB O BD W FT0 4F SFD B PO BOE BNPS B PO (. () -. (). , PDL$CBTFE DPN FOTB PO .))) , . (((., - . 8N B SNFO DIBS FT GPS MFBTFT BOE MFBTFIPME N SPWFNFO T) ,) .) , 4FGFSSFE ODPNF B FT). - ,)- - .) 1NPS B PO PG O FSFT SB F T B DPO SBD T ,))- - ,) () - F MPTT B O PO T SB F D OWFT NFO T , , ,) (((. (, F GPSF O D SSFOD MPTT B O)((, , , - - IFS , (, . (3IBO FT O P FSB O BTTF T BOE M BC M FT OF PG C T OFTT DPNC OB POT0 1DDP O T SFDF WBCMF OF (,) -- (-,) SF B E F FOTFT BOE P IFS BTTF T . () , ,- 1DDP O T B BCMF () (()) , ,(, 1DDS FE F FOTFT BOE P IFS M BC M FT .(() .)() . 4FGFSSFE SFWFO F .)- - . , - , () ,- ES CAR O NU DED B NOE AS MG ACS U S ER ,- - , (,. .-) . -. 1AR F N R F NL MUERS MG ACS U S ER. 2 T OFTT DPNC OB POT OF PG DBTI BDR SFE ((. .- , SDIBTFT PG SP FS BOE FR NFO , (),, (, ((.) SDIBTFT PG T SB F D OWFT NFO T ((- ((, , SDIBTFT PG NBSLF BCMF TFD S FT , - , ,- ((--) SPDFFET GSPN NB S FT PG NBSLF BCMF TFD S FT ,) . ((((SPDFFET GSPN TBMFT PG NBSLF BCMF TFD S FT) () .) () . SPDFFET GSPN TBMFT PG T SB F D OWFT NFO T) ,(),))))- ES CAR O NU DED B TRED M MUERS MG ACS U S ER -, - . (-), 1AR F N R F NL F MAMC MG ACS U S ER. F SDIBTFT PG 3MBTT 1 3PNNPO PDL))).- , IFS)) ES CAR TRED M F MAMC MG ACS U S ER))) (5GGFD PG GPSF O F DIBO F SB F DIBO FT PO DBTI DBTI FR WBMFO T BOE SFT S D FE DBTI (-.))) - F ODSFBTF EFDSFBTF O DBTI DBTI FR WBMFO T BOE SFT S D FE DBTI (.-.) .)-,) .) - , 1AR CAR EPT UA EMSR AMD ERS CSED CAR AS BEG MM MG NF OE ND . , - ((. ,) () -,((-. ((1AR CAR EPT UA EMSR AMD ERS CSED CAR AS EMD NF OE ND), . (,, .(.), . (,, .(. - Condensed consolidated statements of cash flows (U.S. $ in thousands) (unaudited) 22

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Q3 FY26 S ARR AM 1N ON AS NM ECNMC AS NM NF 5 SN NM$5 ERT SR % % AMD R A ER M S NTRAMDR EWCEOS OE CEMSAGE AMD OE R A E DASA TMATD SED EE 8NMS R 3MDED 8A C) ME 8NMS R 3MDED 8A C) ((, ((((, ((5 NRR O NF S 711 SPTT SPG (()- - ,() -) M T0 PDL$CBTFE DPN FOTB PO - , - (. ,) - ,(((M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T (,.))))))-- M T0 FT S D S O DIBS FT) ((. (,(PO$711 SPTT SPG .- , - ,. ((- () (,)), 5 NRR LA G M 711 SPTT NBS O . . . .) M T0 PDL$CBTFE DPN FOTB PO ((M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T (M T0 FT S D S O DIBS FT) PO$711 SPTT NBS O . ., .. . :OE AS MG MCNLE 711 P FSB O MPTT , (. (, (),.) M T0 PDL$CBTFE DPN FOTB PO .))) , . ((, - . M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T))) . - -) ,- M T0 FT S D S O DIBS FT) (() .) (- PO$711 P FSB O ODPNF , - (()) . (.)),) . :OE AS MG LA G M 711 P FSB O NBS O)) M T0 PDL$CBTFE DPN FOTB PO () (, ((- M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T (M T0 FT S D S O DIBS FT) (, PO$711 P FSB O NBS O) (, (. (ES MCNLE 711 OF MPTT .). - . - (()(-. M T0 PDL$CBTFE DPN FOTB PO .))) , . ((, - . M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T))) . - -) ,- M T0 FT S D S O DIBS FT) (() .) (- 9FTT0 8ODPNF B BE T NFO T . -, (. (-) ()) --- PO$711 OF ODPNF , ((,) . - , .)(ES MCNLE OE R A E 711 OF MPTT FS TIBSF $ E M FE %). %(- %-) %. M T0 PDL$CBTFE DPN FOTB PO % , %(%,)%.(M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T % (% %(- % , M T0 FT S D S O DIBS FT) %., % , 9FTT0 8ODPNF B BE T NFO T % % %(%) PO$711 OF ODPNF FS TIBSF $ E M FE %- % - % (%- E G SED$AUE AGE D TSED R A ER NTSRSAMD MG AF I FE$BWFSB F TIBSFT TFE O DPN O E M FE 711 OF MPTT FS TIBSF (, , (,(,- (,(, , (, () M T0 4 M PO GSPN E M WF TFD S FT (((, ,) , AF I FE$BWFSB F TIBSFT TFE O DPN O E M FE OPO$711 OF ODPNF FS TIBSF (, (- (,. ,) (,) (((, (4 EE CAR F N 711 OF DBTI SPW EFE C P FSB O BD W FT ,- - , (,. .-) . -. 9FTT0 3B BM F FOE SFT , (),, (, ((.) 6SFF DBTI GMP , (, ,).) .).(((Reconciliation of GAAP to non-GAAP results (U.S. $ and shares in thousands, except per share data) (unaudited) 23 AF M F B G FE MPO $ FSN SP FD FE OPO$711 B SB F O P S DPN B PO PG IF OPO$711 ODPNF B BE T NFO T O PSEFS P SPW EF CF FS DPOT T FOD BDSPTT O FS N SF PS O FS PET% 8O SP FD O I T MPO $ FSN OPO$711 B SB F F M FE B ISFF$ FBS G OBOD BM SP FD PO IB F DM EFT IF E SFD BOE OE SFD ODPNF B FGGFD T PG IF P IFS OPO$711 BE T NFO T SFGMFD FE BCPWF% 1EE POBMM F DPOT EFSFE P S D SSFO P FSB O T S D SF BOE P IFS GBD PST T DI BT P S F T O B PT POT O WBS P T S TE D POT BOE LF MF TMB PO O NB PS S TE D POT IFSF F P FSB F% 6PS G TDBM FBST ((, BOE ((F EF FSN OFE IF SP FD FE OPO$711 B SB F P CF (BOE (, SFT FD WFM % I T G FE MPO $ FSN SP FD FE OPO$711 B SB F FM N OB FT IF FGGFD T PG OPO$SFD SS O BOE FS PE T FD G D FNT I DI DBO WBS O T F BOE GSFR FOD % 5 BN MFT PG IF OPO$SFD SS O BOE FS PE$T FD G D FNT ODM EF C BSF OP M N FE P DIBO FT O IF WBM B PO BMMP BODF SFMB FE P EFGFSSFE B BTTF T FGGFD T SFT M O GSPN BDR T POT BOE O T BM PS OGSFR FO M PDD SS O FNT% AF MM FS PE DBMM SF$FWBM B F I T MPO $ FSN SB F BT OFDFTTBS GPS T O G DBO FWFO T% IF SB F DP ME CF T C FD P DIBO F GPS B WBS F PG SFBTPOT GPS F BN MF T O G DBO DIBO FT O IF FP SB I D FBSO O T N PS G OEBNFO BM B MB DIBO FT O NB PS S TE D POT IFSF F P FSB F% (IF FGGFD T PG IFTF E M WF TFD S FT FSF OP ODM EFE O IF 711 DBMD MB PO PG E M FE OF MPTT FS TIBSF GPS IF ISFF BOE O OF NPO IT FOEFE :BSDI) ((, BOE ((CFDB TF IF FGGFD P ME IBWF CFFO BO $E M WF%) FT S D S O DIBS FT ODM EF T PDL$CBTFE DPN FOTB PO F FOTF SFMB FE P IF SFCBMBOD O PG SFTP SDFT GPS IF ISFF BOE O OF NPO IT FOEFE :BSDI) ((,%

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Q3 FY26 24 ATLASSIAN CORPORATION Reconciliation of GAAP to non-GAAP financial targets 0UMCTT CO 2PS PSCU PO GEPOE M CU PO P 600 UP :PO$600 5 OCOE CM CS GUT JSGG 9POUJT 4OF O OG) ((, 600 SPTT NCS O - % M T0 PDL$CBTFE DPN FOTB PO % M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T % :PO$600 SPTT NCS O --% 600 P GSCU O NCS O % M T0 PDL$CBTFE DPN FOTB PO (% M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T (% :PO$600 P GSCU O NCS O) % 5 TECM BGCS 4OF O OG) ((, 600 SPTT NCS O - % M T0 PDL$CBTFE DPN FOTB PO % M T0 FT S D S O DIBS FT %. M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T %(:PO$600 SPTT NCS O --% 600 P GSCU O NCS O (% M T0 PDL$CBTFE DPN FOTB PO (% M T0 FT S D S O DIBS FT % M T0 1NPS B PO PG BDR SFE O BO CMF BTTF T %, :PO$600 P GSCU O NCS O (.% (

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Q3 FY26 25 FORWARD-LOOKING STATEMENTS This shareholder letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. In some cases, you can identify these statements by forward-looking words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "should," "estimate," or "continue," and similar expressions or variations, but these words are not the exclusive means for identifying such statements. All statements other than statements of historical fact could be deemed forward-looking, including but not limited to risks and uncertainties related to statements about our platform, offerings and capabilities and planned offerings and capabilities, AI solutions, capabilities, and benefits, the broader market, System of Work and Teamwork Graph, investments and expenses, customers, size and term of sales agreements, Cloud migrations, macroeconomic environment, anticipated growth and profitability, market position and opportunity, competition, business plans and long term strategies, impacts from restructurings, share buyback plans, strategic acquisitions, enterprise sales, outlook and results, other key strategic areas, and our financial targets such as total revenue, Cloud, Data Center, and Marketplace and other revenue and GAAP and non-GAAP financial measures including gross margin, operating margin, and share count. We undertake no obligation to update any forward-looking statements made in this shareholder letter to reflect events or circumstances after the date of this shareholder letter or to reflect new information or the occurrence of unanticipated events, except as required by law. The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. Further information on that could affect our financial results is included in filings we make with the Securities and Exchange Commission (the SEC) from time to time, including the section titled "Risk Factors" in our most recently filed Forms 10-K and 10-Q. These documents are available on the SEC Filings section of the Investor Relations section of our website at: https://investors.atlassian.com. ABOUT NON-GAAP FINANCIAL MEASURES AND OTHER FINANCIAL MEASURES In addition to the measures presented in our condensed consolidated financial statements, we regularly review other measures that are not presented in accordance with GAAP, defined as non-GAAP financial measures by the SEC, to evaluate our business, measure our performance, identify trends, prepare financial forecasts and make strategic decisions. The key measures we consider are non-GAAP gross profit and non-GAAP gross margin, non- GAAP operating income and non-GAAP operating margin, non-GAAP net income, non-GAAP net income per diluted share and free cash flow (collectively, the Non-GAAP Financial Measures). These Non-GAAP Financial Measures, which may be different from similarly titled non-GAAP measures used by other companies, provide supplemental information regarding our operating performance on a non-GAAP basis that excludes certain gains, losses and charges of a non-cash nature or that occur relatively infrequently and/or that management considers to be unrelated to our core operations. Management believes that tracking and presenting these Non-GAAP Financial Measures provides management, our board of directors, investors and the analyst community with the ability to better evaluate matters such as: our ongoing core operations, including comparisons between periods and against other companies in our industry; our ability to generate cash to service our debt and fund our operations; and the underlying business trends that are affecting our performance. Our Non-GAAP Financial Measures include: • Non-GAAP gross profit and non-GAAP gross margin. Excludes expenses related to stock-based compensation, amortization of acquired intangible assets, and restructuring charges. • Non-GAAP operating income and non-GAAP operating margin. Excludes expenses related to stock-based compensation, amortization of acquired intangible assets, and restructuring charges. • Non-GAAP net income and non-GAAP net income per diluted share. Excludes expenses related to stock-based compensation, amortization of acquired intangible assets, restructuring charges, and the related income tax effects of these items. • Free cash flow. Free cash flow is defined as net cash provided by operating activities less capital expenditures, which consists of purchases of property and equipment. We understand that although these Non-GAAP Financial Measures are frequently used by investors and the analyst community in their evaluation of our financial performance, these measures have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. We compensate for such limitations by reconciling these Non-GAAP Financial Measures to the most comparable GAAP financial measures. We encourage you to review the tables in this shareholder letter titled "Reconciliation of GAAP to Non-GAAP Results" and "Reconciliation of GAAP to Non-GAAP Financial Targets" that present such reconciliations. We define annual recurring revenue ("ARR") as the annualized recurring run-rate revenue of subscription agreements to our Cloud and Data Canter offerings at a point in time. We calculate ARR by taking the monthly recurring revenue ("MRR") run-rate for Cloud and Data Center subscriptions and multiplying it by 12. Cloud MRR for each month is calculated by aggregating monthly recurring revenue from committed contractual amounts at a point in time. Data Center MRR for each month is calculated based on the annual contract value from committed contractual amounts at a point in time. ARR on a single product basis is defined as ARR from subscriptions for that specific product. ARR and MRR should be viewed independently of revenue and do not represent our revenue under GAAP, as they are operational metrics that can be affected by contract start and end dates and renewal rates. We calculate net revenue retention rate (NRR) at a point in time by dividing monthly recurring revenue (MRR) at the end of a reporting period (Current Period MRR) by the MRR for the same group of customers at the end of the prior 12-month period. Current Period MRR includes existing customer expansion net of existing customer contraction and attrition but excludes MRR from new customers in the current period. ABOUT ATLASSIAN Atlassian unleashes the potential of every team. A recognized leader in software development, work management, and enterprise service management software, Atlassian enables enterprises to connect their business and technology teams with an AI-powered system of work that unlocks productivity at scale. Atlassian's collaboration software powers over 85% of the Fortune 500 and 350,000+ customers worldwide - including NASA, Rivian, Deutsche Bank, United Airlines, and Bosch - who rely on our solutions to drive work forward. Investor relations contact: Martin Lam, IR@atlassian.com Media contact: M-C Maple, press@atlassian.com

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