Atlassian Corp Plc Financials

TEAM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

Financial Health Signals

Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Atlassian Corp Plc has an operating margin of -2.5%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -2.7% the prior year.

Growth

Atlassian Corp Plc's revenue surged 19.7% year-over-year to $5.2B, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

Atlassian Corp Plc carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Atlassian Corp Plc's current ratio of 1.22 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

100

Atlassian Corp Plc converts 27.1% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 100/100.

Piotroski F-Score Strong

7/9

Atlassian Corp Plc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-5.69x

For every $1 of reported earnings, Atlassian Corp Plc generates $-5.69 in operating cash flow ($1.5B OCF vs -$256.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-4.3x

Atlassian Corp Plc earns $-4.3 in operating income for every $1 of interest expense (-$130.4M vs $30.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Atlassian Corp Plc (TEAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$5.2B

YoY+19.7%

Atlassian Corp Plc generated $5.2B in revenue in fiscal year 2025. This represents an increase of 19.7% from the prior year.

EBITDA

-$38.0M

YoY+0.8%

Atlassian Corp Plc's EBITDA was -$38.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.8% from the prior year.

Free Cash Flow

$1.4B

YoY+0.0%

Atlassian Corp Plc generated $1.4B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 0.0% from the prior year.

Net Income

-$256.7M

YoY+14.6%

Atlassian Corp Plc reported -$256.7M in net income in fiscal year 2025. This represents an increase of 14.6% from the prior year.

EPS (Diluted)

$-0.98

YoY+15.5%

Atlassian Corp Plc earned $-0.98 per diluted share (EPS) in fiscal year 2025. This represents an increase of 15.5% from the prior year.

Cash & Debt

$2.5B

YoY+15.4%

Atlassian Corp Plc held $2.5B in cash against $987.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

82.8%

YoY+1.3pp

Atlassian Corp Plc's gross margin was 82.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the prior year.

Operating Margin

-2.5%

YoY+0.2pp

Atlassian Corp Plc's operating margin was -2.5% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.

Net Margin

-4.9%

YoY+2.0pp

Atlassian Corp Plc's net profit margin was -4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$2.7B

YoY+22.2%

Atlassian Corp Plc invested $2.7B in research and development in fiscal year 2025. This represents an increase of 22.2% from the prior year.

Share Buybacks

$779.4M

YoY+97.2%

Atlassian Corp Plc spent $779.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 97.2% from the prior year.

Capital Expenditures

$44.9M

YoY+35.4%

Atlassian Corp Plc invested $44.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 35.4% from the prior year.

TEAM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$5.2B+19.7%	$4.4B+23.3%	$3.5B+26.1%	$2.8B+34.2%	$2.1B
Cost of Revenue	$894.9M+11.4%	$803.5M+26.8%	$633.8M+39.9%	$452.9M+36.5%	$331.9M
Gross Profit	$4.3B+21.5%	$3.6B+22.6%	$2.9B+23.4%	$2.3B+33.7%	$1.8B
R&D Expenses	$2.7B+22.2%	$2.2B+16.8%	$1.9B+44.7%	$1.3B+38.5%	$933.0M
SG&A Expenses	$647.0M+6.0%	$610.6M+0.7%	$606.4M+34.1%	$452.2M+45.3%	$311.2M
Operating Income	-$130.4M-11.4%	-$117.1M+66.1%	-$345.2M-592.6%	$70.1M-50.4%	$141.4M
Interest Expense	$30.6M-10.4%	$34.1M+13.0%	$30.1M-27.3%	$41.5M-55.2%	$92.6M
Income Tax	$157.8M-26.6%	$215.1M+22.5%	$175.6M+261.6%	$48.6M-24.8%	$64.6M
Net Income	-$256.7M+14.6%	-$300.5M+38.3%	-$486.8M+6.3%	-$519.5M+10.3%	-$579.0M
EPS (Diluted)	$-0.98+15.5%	$-1.16+38.9%	$-1.90+7.3%	$-2.05+11.6%	$-2.32

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Revenue	$1.6B+10.7%	$1.4B+5.6%	$1.4B+5.5%	$1.3B+8.3%	$1.2B-0.1%	$1.2B+12.2%	$1.1B+8.4%	$977.8M
Cost of Revenue	$237.7M-7.8%	$257.9M+17.4%	$219.7M-1.5%	$223.1M+2.5%	$217.6M+2.0%	$213.4M+9.7%	$194.5M+9.3%	$178.0M
Gross Profit	$1.3B+14.8%	$1.2B+3.3%	$1.1B+6.9%	$1.1B+9.6%	$970.2M-0.6%	$975.7M+12.7%	$865.6M+8.2%	$799.7M
R&D Expenses	$826.5M+9.3%	$756.0M+10.3%	$685.3M+0.8%	$680.2M+12.8%	$603.1M+4.6%	$576.5M+7.4%	$536.8M+11.4%	$481.7M
SG&A Expenses	$193.4M+8.3%	$178.5M+6.1%	$168.3M-0.2%	$168.7M+15.0%	$146.6M-7.0%	$157.6M+0.2%	$157.3M+9.8%	$143.3M
Operating Income	-$47.7M+50.4%	-$96.3M-673.4%	-$12.5M+78.3%	-$57.5M-79.7%	-$32.0M-279.6%	$17.8M+136.3%	-$49.1M-160.0%	-$18.9M
Interest Expense	$12.5M+45.0%	$8.6M+10.7%	$7.8M+7.0%	$7.3M-0.4%	$7.3M-13.4%	$8.5M-6.1%	$9.0M+0.3%	$9.0M
Income Tax	-$13.1M-194.4%	-$4.5M-107.0%	$63.5M+807.0%	-$9.0M-109.6%	$93.6M+1232.8%	$7.0M-84.2%	$44.4M+112.0%	$20.9M
Net Income	-$42.6M+17.8%	-$51.9M+26.7%	-$70.8M-85.3%	-$38.2M+69.1%	-$123.8M-1070.6%	$12.8M+115.1%	-$84.5M-164.9%	-$31.9M
EPS (Diluted)	$-0.16+20.0%	$-0.20+25.9%	$-0.27-80.0%	$-0.15+68.7%	$-0.48-1060.0%	$0.05+115.2%	$-0.33-175.0%	$-0.12

TEAM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$6.0B+15.9%	$5.2B+26.9%	$4.1B+23.4%	$3.3B	N/A
Current Assets	$3.9B+26.5%	$3.1B+12.4%	$2.7B+44.3%	$1.9B	N/A
Cash & Equivalents	$2.5B+15.4%	$2.2B+3.5%	$2.1B+51.8%	$1.4B+50.7%	$919.2M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$778.3M+23.9%	$628.0M+31.5%	$477.7M+55.0%	$308.1M	N/A
Goodwill	$1.3B+1.2%	$1.3B+77.2%	$727.2M+0.6%	$722.8M+1.0%	$715.9M
Total Liabilities	$4.7B+12.4%	$4.2B+21.1%	$3.5B+15.1%	$3.0B	N/A
Current Liabilities	$3.2B+21.9%	$2.6B+28.7%	$2.0B+27.2%	$1.6B	N/A
Long-Term Debt	$987.7M+0.2%	$985.9M+2.5%	$962.1M-3.7%	$999.4M	N/A
Total Equity	$1.3B+30.3%	$1.0B+57.8%	$654.7M+100.0%	$327.4M+4.5%	$313.3M
Retained Earnings	-$4.2B-32.4%	-$3.2B-27.7%	-$2.5B-34.3%	-$1.9B	N/A

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Total Assets	$6.2B+7.7%	$5.7B-2.8%	$5.9B+8.0%	$5.4B+9.1%	$5.0B-1.4%	$5.1B+13.8%	$4.4B+9.1%	$4.1B
Current Assets	$2.8B-23.5%	$3.6B-3.9%	$3.8B+13.7%	$3.3B+15.9%	$2.9B-1.6%	$2.9B+28.3%	$2.3B-17.0%	$2.7B
Cash & Equivalents	$1.2B-50.1%	$2.3B-12.7%	$2.7B+20.0%	$2.2B+7.9%	$2.1B+5.5%	$1.9B+33.4%	$1.5B-31.9%	$2.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$911.9M+69.9%	$536.9M-16.4%	$642.0M-7.7%	$695.7M+43.7%	$484.1M-25.1%	$646.1M+22.7%	$526.4M+42.9%	$368.3M
Goodwill	$2.3B+74.9%	$1.3B+1.9%	$1.3B+0.1%	$1.3B-0.1%	$1.3B+0.6%	$1.3B0.0%	$1.3B+77.0%	$726.5M
Total Liabilities	$4.6B+5.3%	$4.3B-3.8%	$4.5B+6.8%	$4.2B+6.6%	$4.0B+0.9%	$3.9B+10.8%	$3.5B+7.2%	$3.3B
Current Liabilities	$3.1B+8.6%	$2.9B-4.0%	$3.0B+11.4%	$2.7B+10.2%	$2.4B-1.3%	$2.5B+16.5%	$2.1B+11.0%	$1.9B
Long-Term Debt	$988.6M0.0%	$988.1M+0.1%	$987.2M0.0%	$986.8M0.0%	$986.3M+6.7%	$924.7M-1.3%	$937.2M-1.3%	$949.6M
Total Equity	$1.6B+15.4%	$1.4B+0.7%	$1.4B+12.2%	$1.2B+18.5%	$1.0B-9.3%	$1.1B+25.3%	$904.9M+16.8%	$774.6M
Retained Earnings	-$4.8B-5.3%	-$4.5B-18.7%	-$3.8B-5.8%	-$3.6B-3.0%	-$3.5B-24.6%	-$2.8B-1.0%	-$2.8B-7.0%	-$2.6B

TEAM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.5B+0.8%	$1.4B+66.8%	$868.1M+5.7%	$821.0M+3.9%	$790.0M
Capital Expenditures	$44.9M+35.4%	$33.1M+28.3%	$25.8M-63.4%	$70.6M+123.9%	$31.5M
Free Cash Flow	$1.4B0.0%	$1.4B+68.0%	$842.3M+12.2%	$750.5M-1.1%	$758.4M
Investing Cash Flow	-$342.3M+64.5%	-$963.7M-76509.4%	-$1.3M-103.4%	$36.5M-85.9%	$259.3M
Financing Cash Flow	-$782.6M-91.7%	-$408.2M-175.0%	-$148.4M+62.8%	-$399.3M+75.1%	-$1.6B
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$779.4M+97.2%	$395.3M+163.5%	$150.0M	$0	$0

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Operating Cash Flow	$177.8M+38.1%	$128.7M-80.3%	$652.7M+85.5%	$351.9M+337.2%	$80.5M-85.8%	$565.4M+95.2%	$289.6M+73.5%	$167.0M
Capital Expenditures	$9.3M-34.2%	$14.1M-1.8%	$14.4M+53.9%	$9.3M+51.8%	$6.2M-41.5%	$10.5M+97.3%	$5.3M+45.4%	$3.7M
Free Cash Flow	$168.5M+47.0%	$114.6M-82.0%	$638.3M+86.3%	$342.6M+360.8%	$74.3M-86.6%	$554.9M+95.2%	$284.3M+74.1%	$163.3M
Investing Cash Flow	-$1.1B-1784.9%	-$60.7M+21.2%	-$77.0M+31.1%	-$111.7M-497.7%	-$18.7M+29.0%	-$26.3M+96.9%	-$862.4M-1415.6%	-$56.9M
Financing Cash Flow	-$197.4M+21.9%	-$252.8M-88.2%	-$134.3M-94.0%	-$69.2M+62.9%	-$186.8M-290.1%	-$47.9M+58.1%	-$114.3M-73.5%	-$65.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$197.4M-21.9%	$252.8M+88.2%	$134.3M+94.0%	$69.2M-62.3%	$183.6M+419.0%	$35.4M-65.2%	$101.8M+54.5%	$65.9M

TEAM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	82.8%+1.3pp	81.6%-0.5pp	82.1%-1.8pp	83.8%-0.3pp	84.1%
Operating Margin	-2.5%+0.2pp	-2.7%+7.1pp	-9.8%-12.3pp	2.5%-4.3pp	6.8%
Net Margin	-4.9%+2.0pp	-6.9%+6.9pp	-13.8%+4.8pp	-18.5%+9.2pp	-27.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-4.3%+1.5pp	-5.8%+6.1pp	-11.8%+3.8pp	-15.6%	N/A
Current Ratio	1.22+0.0	1.18-0.2	1.35+0.2	1.19	N/A
Debt-to-Equity	0.73-0.2	0.95-0.5	1.47-1.6	3.05	N/A
FCF Margin	27.1%-5.3pp	32.5%+8.6pp	23.8%-2.9pp	26.8%-9.5pp	36.3%

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Gross Margin	85.0%+3.0pp	82.0%-1.8pp	83.8%+1.1pp	82.7%+1.0pp	81.7%-0.4pp	82.0%+0.4pp	81.7%-0.1pp	81.8%
Operating Margin	-3.0%+3.7pp	-6.7%-5.8pp	-0.9%+3.5pp	-4.5%-1.8pp	-2.7%-4.2pp	1.5%+6.1pp	-4.6%-2.7pp	-1.9%
Net Margin	-2.7%+0.9pp	-3.6%+1.6pp	-5.2%-2.3pp	-3.0%+7.4pp	-10.4%-11.5pp	1.1%+9.0pp	-8.0%-4.7pp	-3.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	1.1%	N/A	N/A
Return on Assets	-0.7%+0.2pp	-0.9%+0.3pp	-1.2%-0.5pp	-0.7%+1.8pp	-2.5%-2.7pp	0.3%+2.1pp	-1.9%-1.1pp	-0.8%
Current Ratio	0.89-0.4	1.260.0	1.26+0.0	1.24+0.1	1.180.0	1.18+0.1	1.07-0.4	1.43
Debt-to-Equity	0.62-0.1	0.720.0	0.72-0.1	0.81-0.1	0.96+0.1	0.82-0.2	1.04-0.2	1.23
FCF Margin	10.6%+2.6pp	8.0%-39.0pp	47.0%+20.4pp	26.6%+20.4pp	6.3%-40.4pp	46.7%+19.9pp	26.8%+10.1pp	16.7%

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Frequently Asked Questions

What is Atlassian Corp Plc's annual revenue?

Atlassian Corp Plc (TEAM) reported $5.2B in total revenue for fiscal year 2025. This represents a 19.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Atlassian Corp Plc's revenue growing?

Atlassian Corp Plc (TEAM) revenue grew by 19.7% year-over-year, from $4.4B to $5.2B in fiscal year 2025.

Is Atlassian Corp Plc profitable?

No, Atlassian Corp Plc (TEAM) reported a net income of -$256.7M in fiscal year 2025, with a net profit margin of -4.9%.

What is Atlassian Corp Plc's earnings per share (EPS)?

Atlassian Corp Plc (TEAM) reported diluted earnings per share of $-0.98 for fiscal year 2025. This represents a 15.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Atlassian Corp Plc's EBITDA?

Atlassian Corp Plc (TEAM) had EBITDA of -$38.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Atlassian Corp Plc have?

As of fiscal year 2025, Atlassian Corp Plc (TEAM) had $2.5B in cash and equivalents against $987.7M in long-term debt.

What is Atlassian Corp Plc's gross margin?

Atlassian Corp Plc (TEAM) had a gross margin of 82.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Atlassian Corp Plc's operating margin?

Atlassian Corp Plc (TEAM) had an operating margin of -2.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Atlassian Corp Plc's net profit margin?

Atlassian Corp Plc (TEAM) had a net profit margin of -4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Atlassian Corp Plc's free cash flow?

Atlassian Corp Plc (TEAM) generated $1.4B in free cash flow during fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Atlassian Corp Plc's operating cash flow?

Atlassian Corp Plc (TEAM) generated $1.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Atlassian Corp Plc's total assets?

Atlassian Corp Plc (TEAM) had $6.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Atlassian Corp Plc's capital expenditures?

Atlassian Corp Plc (TEAM) invested $44.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Atlassian Corp Plc spend on research and development?

Atlassian Corp Plc (TEAM) invested $2.7B in research and development during fiscal year 2025.

Does Atlassian Corp Plc buy back shares?

Yes, Atlassian Corp Plc (TEAM) spent $779.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Atlassian Corp Plc's current ratio?

Atlassian Corp Plc (TEAM) had a current ratio of 1.22 as of fiscal year 2025, which is considered adequate.

What is Atlassian Corp Plc's debt-to-equity ratio?

Atlassian Corp Plc (TEAM) had a debt-to-equity ratio of 0.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Atlassian Corp Plc's return on assets (ROA)?

Atlassian Corp Plc (TEAM) had a return on assets of -4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Atlassian Corp Plc's Piotroski F-Score?

Atlassian Corp Plc (TEAM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Atlassian Corp Plc's earnings high quality?

Atlassian Corp Plc (TEAM) has an earnings quality ratio of -5.69x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Atlassian Corp Plc cover its interest payments?

Atlassian Corp Plc (TEAM) has an interest coverage ratio of -4.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Atlassian Corp Plc?

Atlassian Corp Plc (TEAM) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.