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[8-K] Atlassian Corp Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Atlassian Corporation furnished its quarterly results and announced two corporate updates. The Board authorized a new share repurchase program of up to $2.5 billion for Class A common stock, which will begin after the company completes its current $1.5 billion program. Repurchases may occur in the open market, in privately negotiated transactions, or through Rule 10b5-1 trading plans, with timing and amounts at the company’s discretion. The program has no fixed expiration and may be suspended or discontinued at any time.

Atlassian also announced that CFO Joe Binz will retire effective June 30, 2026, pursuant to mutual agreement. The company stated the transition is not due to any disagreement regarding strategy, operations, financial reporting, or policies.

Positive

  • None.

Negative

  • None.

Insights

New $2.5B buyback and planned CFO retirement; neutral impact.

The authorization for up to $2.5 billion in repurchases, commencing after the current $1.5 billion program, provides a framework for returning capital via open-market and privately negotiated transactions or Rule 10b5-1 plans. Actual activity will depend on market conditions, prevailing prices, and corporate requirements as stated.

The announced retirement of CFO Joe Binz effective June 30, 2026 is framed as a mutual agreement and not tied to disagreements on reporting or strategy. Continuity depends on transition planning and future disclosures on succession; the filing does not specify further details.

0001650372FALSE00016503722025-10-302025-10-30

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):
October 30, 2025

ATLASSIAN CORPORATION
(Exact Name of Registrant as Specified in its Charter)
_________________
Delaware
001-37651
88-3940934
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
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:
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.    Results of Operations and Financial Condition.

On October 30, 2025, Atlassian Corporation (the “Company”) issued a press release announcing its results for the quarter ended September 30, 2025 (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 September 30, 2025 (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 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
        Compensatory Arrangements of Certain Officers.
On October 30, 2025, the Company announced that Joe Binz will retire from his role as Chief Financial Officer of the Company, effective June 30, 2026 (the “Transition Date”) pursuant to mutual agreement. The Company thanks Mr. Binz for his many contributions to the Company over the past nearly four years, including building a world class finance team and scaling the Company’s enterprise business. This transition was not the result of any disagreement or dispute on matters relating to the Company’s strategy, operations, financial reporting, or other policies or practices.

Item 8.01.    Other Events.
On October 30, 2025, the Company announced, as part of the Press Release, that its Board of Directors authorized a program to repurchase up to $2.5 billion of the Company’s Class A Common Stock, to commence upon the completion of its current $1.5 billion program (the “2025 Share Repurchase Program”). The Company may repurchase shares of Class A Common Stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act, in accordance with applicable securities laws and other restrictions. The 2025 Share Repurchase Program does not have a fixed expiration date, may be suspended or discontinued at any time, and does not obligate the Company to acquire any amount of Class A Common Stock. The timing, manner, price, and amount of any repurchases will be determined by the Company at its discretion and will depend on a variety of factors, including business, economic and market conditions, prevailing stock prices, corporate and regulatory requirements, and other considerations.

Item 9.01.    Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1
Press Release dated October 30, 2025.
99.2
Shareholder Letter dated October 30, 2025.
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:
October 30, 2025
By:
/s/ Joseph Binz
Joseph Binz
Chief Financial Officer


FAQ

What did Atlassian (TEAM) announce regarding share repurchases?

The Board authorized a new program to repurchase up to $2.5 billion of Class A common stock, to begin after completing the current $1.5 billion program.

How will Atlassian (TEAM) execute the share repurchase program?

Repurchases may occur via open market purchases, privately negotiated transactions, or Rule 10b5-1 trading plans, subject to applicable laws.

Does the new repurchase program have an expiration date?

No. The program has no fixed expiration date and may be suspended or discontinued at any time at the company’s discretion.

What leadership change did Atlassian (TEAM) disclose?

CFO Joe Binz will retire effective June 30, 2026, pursuant to mutual agreement.

Was the CFO’s retirement due to a disagreement?

No. Atlassian stated the transition was not due to any disagreement on strategy, operations, financial reporting, or policies.

What factors will influence the timing and amount of repurchases?

The company cited business, economic and market conditions, prevailing stock prices, regulatory requirements, and other considerations.
Atlassian Corp Plc

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