Atlassian Corp Files Q1 2025 10-Q
Ticker: TEAM · Form: 10-Q · Filed: 2024-11-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, software
TL;DR
Atlassian's Q1 2025 10-Q is in. Check financials.
AI Summary
Atlassian Corp filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the first quarter of their fiscal year. Key financial figures and business segment revenues are presented, reflecting the company's ongoing activities in the software services sector.
Why It Matters
This filing provides investors and analysts with the latest financial health and operational performance of Atlassian Corp, a key player in the collaboration and productivity software market.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks highlighted.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
- 2024-07-01 — Reporting Period Start Date (Indicates the start of the fiscal quarter being reported.)
- 2024-11-01 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Atlassian Corp (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-07-01 (date) — Start of the reporting period
- 2024-11-01 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is from July 1, 2024, to September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 1, 2024.
What is Atlassian Corp's Standard Industrial Classification (SIC) code?
Atlassian Corp's SIC code is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
What is the company's fiscal year end?
Atlassian Corp's fiscal year ends on June 30th.
What are the two main business segments mentioned in the filing context?
The filing context mentions 'LicenseAndServiceMember' and 'ProductAndServiceOtherMember' as key revenue segments.
Filing Stats: 4,538 words · 18 min read · ~15 pages · Grade level 18.6 · Accepted 2024-11-01 16:10:26
Key Financial Figures
- $0.00001 — stered Class A Common Stock, par value $0.00001 per share TEAM Nasdaq Global Select Mar
Filing Documents
- team-20240930.htm (10-Q) — 1477KB
- exhibit102leaseagreement.htm (EX-10.2) — 403KB
- exhibit311_fy25q1team.htm (EX-31.1) — 8KB
- exhibit312_fy25q1team.htm (EX-31.2) — 8KB
- exhibit321_fy25q1team.htm (EX-32.1) — 10KB
- image_0a.jpg (GRAPHIC) — 2KB
- team-20240930_g1.jpg (GRAPHIC) — 28KB
- 0001650372-24-000056.txt ( ) — 8009KB
- team-20240930.xsd (EX-101.SCH) — 45KB
- team-20240930_cal.xml (EX-101.CAL) — 76KB
- team-20240930_def.xml (EX-101.DEF) — 268KB
- team-20240930_lab.xml (EX-101.LAB) — 611KB
- team-20240930_pre.xml (EX-101.PRE) — 445KB
- team-20240930_htm.xml (XML) — 1108KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.
Controls and Procedures
Controls and Procedures 36 PART II Item 1.
Legal Proceedings
Legal Proceedings 37 Item 1A.
Risk Factors
Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 68 Item 3. Defaults Upon Senior Securities 69 Item 4. Mine Safety Disclosures 69 Item 5. Other Information 69 Item 6. Exhibits 70
SIGNATURES
SIGNATURES 72 2
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
ITEM 1. Financial Statements ATLASSIAN CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value and share data) (Unaudited) September 30, 2024 June 30, 2024 Assets Current assets: Cash and cash equivalents $ 2,055,597 $ 2,176,930 Marketable securities 161,401 161,973 Accounts receivable, net 484,120 628,049 Prepaid expenses and other current assets 165,508 109,312 Total current assets 2,866,626 3,076,264 Non-current assets: Property and equipment, net 83,660 86,315 Operating lease right-of-use assets 171,595 172,468 Strategic investments 220,479 223,221 Intangible assets, net 286,475 299,057 Goodwill 1,293,071 1,288,756 Deferred tax assets 4,819 3,934 Other non-current assets 66,568 62,118 Total assets $ 4,993,293 $ 5,212,133 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 167,467 $ 177,545 Accrued expenses and other current liabilities 477,045 577,359 Deferred revenue, current portion 1,744,240 1,806,269 Operating lease liabilities, current portion 47,406 48,953 Total current liabilities 2,436,158 2,610,126 Non-current liabilities: Deferred revenue, net of current portion 268,580 308,467 Operating lease liabilities, net of current portion 211,223 214,474 Long-term debt 986,345 985,911 Deferred tax liabilities 20,379 20,387 Other non-current liabilities 41,774 39,917 Total liabilities 3,964,459 4,179,282 Commitments and contingencies (Note 10) Stockholders' equity Class A Common Stock, $ 0.00001 par value; 750,000,000 shares authorized, 160,713,952 and 159,544,123 issued and outstanding at September 30, 2024 and June 30, 2024, respectively 2 2 Class B Common Stock, 0.00001 par value; 230,000,000 shares authorized, 99,995,049 and 101,012,393 issued and outstanding at September 30, 2024 and June 30, 2024, respectively 1 1 Additional paid-in capital 4,498,214 4,212,064 Accumulated other comprehensive income 42,820 25,300 Accumulated deficit ( 3,512,203 ) ( 3,204,516 )