Atlassian Corporation
Revenue
$2B
Net Income
$-98M
Atlassian Corporation
Revenue
$2B
Net Income
$-98M
Atlassian Corporation
CIK: 0001650372
Earnings Analysis
Analyzed 4 of 8 reports
Performance Summary - Q1 2026neutral (47)not_provided
Reality-Based Sentiment Analysisneutral47/100
Based on actual market data, not just management spin. Weighted score: 10% management tone + 40% earnings beat/miss + 30% price action + 20% guidance accuracy.
Financial Performance Trend
Overall Analysis & Outlook
Over the past 5 quarters, Atlassian Corporation has been showing bearish trends with stable guidance. Revenue has grown 50.4% during this period. The latest quarter shows bearish sentiment with neutral tone from management.
Latest Quarter Highlights:
Atlassian reported Q1 FY2026 subscription revenue growth of 33.5% YoY to $1.7B, but posted a net loss of $98.4M versus $70.8M loss in Q1 FY2025. The company is executing aggressive restructuring with a 10% workforce reduction, $279.5M in total restructuring charges, and facility consolidation impairments of $80M. While deferred revenue remains strong at $2.4B, operating profitability remains challenged with negative operating cash flow after accounting for significant acquisition-related stock compensation.
Detailed Quarterly Reports
In-depth analysis of each quarter's earnings filing
Q1 2026
10-Q • Filed 5/1/2026
Summary
Atlassian reported Q1 FY2026 subscription revenue growth of 33.5% YoY to $1.7B, but posted a net loss of $98.4M versus $70.8M loss in Q1 FY2025. The company is executing aggressive restructuring with a 10% workforce reduction, $279.5M in total restructuring charges, and facility consolidation impairments of $80M. While deferred revenue remains strong at $2.4B, operating profitability remains challenged with negative operating cash flow after accounting for significant acquisition-related stock compensation.
Revenue
$1.79B
Net Income
$-98.389M
Guidance
Tone
Capex
$6.2M(-56.8% YoY)
Partnerships
Key Quotes
"The March 2026 Plan includes a reduction in force that resulted in the elimination of certain roles, which impacted approximately 10% of the Company's workforce"
"As of March 2026, the Company no longer sells term licenses to new customers, and the Company will stop selling term licenses and expansions to existing customers in March 2028"
"The Company's portfolio of interconnected apps, AI agents, and products...are all built on the Atlassian Cloud Platform...puts AI at the center of the Company's portfolio"
Q3 2025
10-Q • Filed 10/31/2025
Summary
Atlassian reported Q3 FY2026 revenue of $1.43 billion (+20.6% YoY) with positive subscription growth, but posted a net loss of $51.9 million due to $55.7 million in restructuring charges, including $27.9 million in severance and $26.3 million in lease impairment. The company is reducing headcount, ending Data Center product support by 2029, and making significant M&A investments ($1.6+ billion announced), signaling portfolio transformation but near-term margin pressures.
Revenue
$1.43B
Net Income
$-51.87M
Guidance
Tone
Capex
$14.112M(+129.5% YoY)
Partnerships
Key Quotes
"We've put AI at the center of our portfolio to enhance teamwork for users across our apps and Collections"
"In September 2025, we announced plans to end-of-life our Data Center deployment offering. Beginning in March 2026, we will no longer sell term licenses to new customers"
"During the three months ended September 30, 2025, we initiated a rebalancing of resources resulting in the elimination of certain roles...we recorded severance and other termination benefits of $27.9 million"
Q1 2025
10-Q • Filed 5/2/2025
Summary
Atlassian reported Q1 FY2025 revenue of $1.36B (+14% YoY) but posted a net loss of $70.8M due to elevated R&D spending (50% of revenue) and a $63.5M tax provision, causing negative operating income of $12.5M. Cloud ARR customers >$10K grew to 50,715 (10% YoY), with strong deferred revenue of $2.37B, yet the company faces margin pressure from aggressive investment in AI/product development and unfavorable tax positions despite $638M in free cash flow.
Revenue
$1.36B
Net Income
$-70.807M
Guidance
Tone
Capex
$14.366M(+36.54% YoY)
Key Quotes
"Through a portfolio of interconnected products with discrete value propositions that are powered by the Atlassian platform and data model, the Atlassian System of Work helps customers of any size align work to goals, plan and track work, and unleash their organization's collective knowledge."
"Customers with greater than $10,000 in Cloud ARR represent the majority of our Cloud revenue."
"We prioritize product quality, automated distribution, transparent pricing, and customer service to land new customers and expand to new teams."
Q3 2024
10-Q • Filed 11/1/2024
Summary
Atlassian reported Q3 2024 revenue of $1.19B (+21.5% YoY) driven by strong subscription growth (+32.9% YoY to $1.13B), but posted a net loss of $123.8M vs. $31.9M loss in prior year due to higher operating expenses and significant tax provisions. Operating cash flow declined to $80.5M from $167.0M YoY, while the company continues investing heavily in R&D ($603M, +25% YoY) and maintaining a product-led growth strategy with 46,844 customers at $10K+ Cloud ARR.
Revenue
$1.19B
Net Income
$-123.769M
Guidance
Tone
Capex
$6.151M(+67.5% YoY)
Partnerships
Key Quotes
"Through a connected portfolio of products with discrete value propositions built on the Atlassian platform and data model, Atlassian gives all teams the right teamwork foundations so they can plan and track work, align on goals, and unleash knowledge across the organization."
"Subscription revenues consist primarily of fees earned from subscription-based arrangements for providing customers the right to use our software in a cloud-based-infrastructure that we provide."
"Our high-velocity, low-friction distribution model is designed to drive exceptional customer scale by making products that are free to try and affordable to purchase online."
Sector Comparison
How TEAM performs vs Technology sector and SaaS peers
Sector Ranking (Technology)
Category Ranking (SaaS)
Key Metrics vs Averages
TEAM
$1,786.971M
SaaS Avg
$1,786.971M
Technology Avg
$27,570.096M
TEAM
-56.8%
SaaS Avg
-56.8%
Technology Avg
46.2%
Guidance: not_provided • Tone: neutral