Atlassian sells collaboration software, led by Jira, Confluence and Jira Service Management, to software, IT and business teams. It reports one operating segment and financial results in U.S. dollars.
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A snapshot of what Atlassian Corp owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Jun 30, 20240001650372-24-000036 | Aug 16, 2024 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20250001650372-25-000036 | Aug 15, 2025 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20260001650372-26-000036 | Aug 14, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Atlassian is growing strongly, but its earnings and cash generation tell different stories. In FY2026, revenue reached $6.572 billion, up a reported 26%, and GAAP operating income turned slightly positive; the company still recorded a net loss. Management attributes subscription growth mainly to existing customers adding seats and price increases. Cloud expansion is central to its strategy, while the planned retirement of Data Center creates migration and customer-retention risks. Operating cash flow declined, and acquisitions plus share repurchases substantially exceeded operating cash generation, reducing cash reserves. Large stock-compensation costs also explain much of the gap between GAAP and adjusted earnings. This overview reflects the year ended June 30, 2026 and the August 14, 2026 annual filing—not verified developments through October 24.
Sources: 10-K · 2026-06-30
Subscriptions supplied approximately 95% of FY2026 revenue. Atlassian combines self-service adoption with enterprise sales and partners, whose sales efforts generated over half of revenue. More than 90% came from accounts already present a year earlier; that demonstrates dependence on existing customers, not a measured retention rate. Management attributes subscription growth primarily to additional paid seats and price increases, without separating their contributions. Enterprise selling also requires more negotiation, implementation support and selling expense.
Cloud revenue was $4.411 billion and Data Center revenue $1.831 billion; these are deployment categories, not separately reported profit segments. Cloud revenue is recognized over the service term, whereas Data Center includes upfront license revenue. Migration can therefore initially reduce recognized revenue even when a customer stays. Under the retirement plan announced September 8, 2025, new-customer Data Center sales stopped by March 2026. Existing-customer license sales and expansions are scheduled to stop in March 2028, with general support ending in March 2029; certain customers may receive approximately three additional years of maintenance. Those future steps are not completed exits.
Sources: 10-K · 2026-06-30
FY2026 GAAP operating income was $10.4 million, versus a $130.4 million loss in FY2025, while net loss narrowed to $53.8 million. Gross margin rose from 83% to 85% as revenue outpaced cost of revenue: lower employee and consulting costs partly offset higher hosting and acquisition-amortization expenses. R&D nevertheless reached $3.269 billion, and sales and marketing expense grew faster than revenue. Lower tax expense also helped the net result; management principally attributes that reduction to Australian deferred-tax valuation-allowance changes, rather than product performance.
Company-reported non-GAAP operating income was $1.996 billion, excluding specified stock compensation, acquired-intangible amortization and restructuring adjustments. Total GAAP stock compensation was $1.607 billion—a recurring employee cost with potential dilution, despite being noncash. Restructuring charges totaled $285.4 million, and the third-quarter plan affected approximately 10% of employees. Actions and termination payments were substantially satisfied by year-end, but a $12.9 million provision remained; recurring savings were not quantified. The restructuring note and adjusted-earnings bridge contain an unreconciled difference.
Management expects greater upfront license revenue recognized in FY2026 to weigh on FY2027 growth comparisons, but does not quantify that benefit or explain its precise source. It also expects slightly lower gross margin as Cloud mix, hosting and AI usage costs increase, partly offset by optimization. Consequently, FY2026 growth and margin improvement are not a clean recurring run rate. No numerical FY2027 revenue or earnings forecast is established here.
Sources: 10-K · 2026-06-30
Operating cash flow fell to $1.353 billion from $1.460 billion despite improved earnings. Management cites higher employee payments, including restructuring, vendor payments and lower interest receipts, partly offset by customer collections. Receivables absorbed $484.5 million, versus $150.0 million previously, while deferred revenue provided less cash-flow support. Credit losses remained immaterial, so this does not establish a bad-debt problem. The $1.607 billion stock-compensation add-back exceeded operating cash flow itself; cash generation is not GAAP profit.
Company-defined free cash flow—operating cash flow less property-and-equipment purchases—declined to $1.319 billion from $1.416 billion. Cash capex was only $34.1 million, but software-development costs were expensed rather than capitalized. Acquisitions consumed $1.229 billion net of acquired cash, and repurchases consumed another $1.800 billion; neither is deducted in this free-cash-flow measure. Cash and equivalents fell to $1.240 billion from $2.513 billion, while marketable securities fell from $424.3 million to zero. Restricted cash of $9.8 million was separately unavailable for operations.
The Browser Company acquisition closed October 20, 2025, and DX closed November 10, 2025—both within FY2026, not after the annual filing. Their purchase-price allocations remained preliminary. Service-dependent employee awards and deferred compensation are separate from purchase consideration, and realized synergies were not quantified. Approximately $1.869 billion of repurchase authorization remained at June 30, but future spending is discretionary.
Sources: 10-K · 2026-06-30
At June 30, 2026, debt principal was $1 billion: $500 million at 5.25% due May 15, 2029 and $500 million at 5.50% due May 15, 2034. The balance sheet and debt note report a $989.560 million carrying amount, conflicting with Item 7A. A $750 million revolver, maturing in August 2029, was undrawn. Atlassian reported covenant compliance, not actual headroom or unconditional access to the full facility. Management's assessment that resources cover at least 12 months of anticipated needs is conditional and is not an October 24 cash-balance confirmation.
Noncancellable purchase commitments totaled $3.735 billion. Separately, the uncommenced Australian headquarters lease carried approximately $959.8 million of initial-term payments over 15 years, with commencement expected—not guaranteed—in FY2027 after development completion. Atlassian retained a 13% interest in the development trust. Existing operating leases had another $275.4 million of undiscounted payments. These are different commitment categories, not current-year expenses. Detailed escalation, completion, guarantee and termination terms are unverified; the headquarters amount is not established as a maximum possible obligation.
Sources: 10-K · 2026-06-30
Rovo is available without additional charge to specified Standard, Premium and Enterprise customers. Management sees an opportunity in integrated workflows and organizational context, but expects AI investment to pressure near-term operating margins; standalone AI revenue, profitability and incremental retention benefits are undisclosed. Third-party model access and costs, AI-native competition, customer migration choices and cloud-sovereignty requirements remain dependencies. Cyber incidents and outages had not materially affected reported results, but could do so in future. Privacy, AI regulation and taxation add uncertainty. Class B holders collectively control approximately 86% of voting power, limiting outside shareholders' influence.
Sources: 10-K · 2026-06-30
USD 6.572308 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 6.572308 bn | 26.0% |
| 2025 | USD 5.215304 bn | 19.7% |
| 2024 | USD 4.358603 bn | — |
Consolidated GAAP revenue, including subscription and other revenue; Marketplace agency revenue is net.
Sources: 10-K · 2026-06-30
USD -53.828 m
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD -53.828 m | Loss narrowed |
| 2025 | USD -256.687 m | Loss narrowed |
| 2024 | USD -300.519 m | — |
Consolidated GAAP income after income taxes; negative values represent losses.
Sources: 10-K · 2026-06-30
USD 1.353135 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 1.353135 bn | -7.3% |
| 2025 | USD 1.460393 bn | 0.8% |
| 2024 | USD 1.448159 bn | — |
Consolidated GAAP operating cash flow, including working-capital movements and noncash adjustments.
Sources: 10-K · 2026-06-30
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