Atlassian Corporation
Revenue
$2B
Net Income
$-98M
Atlassian Corporation
Revenue
$2B
Net Income
$-98M
Atlassian Corporation
CIK: 0001650372
Earnings Analysis
Analyzed 4 of 7 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 revenue of $1.79B (+31.7% YoY) driven by subscription growth to $1.70B, but posted a net loss of $98.4M reflecting significant restructuring charges of $279.5M from a 10% workforce reduction and real estate optimization. The company is aggressively investing in AI and acquiring strategic assets (BCNY, DX) totaling $1.2B while managing cash burn through operational challenges and declining margins.
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 revenue of $1.79B (+31.7% YoY) driven by subscription growth to $1.70B, but posted a net loss of $98.4M reflecting significant restructuring charges of $279.5M from a 10% workforce reduction and real estate optimization. The company is aggressively investing in AI and acquiring strategic assets (BCNY, DX) totaling $1.2B while managing cash burn through operational challenges and declining margins.
Revenue
$1.79B
Net Income
$-98.389M
Guidance
Tone
Capex
$6.2M(-57% 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"
"The Company recorded total severance and other termination benefits of $198.1 million...and impairment charges of $80.0 million associated with the optimization of its leased facilities"
"Atlassian puts AI at the center of the Company's portfolio to enhance teamwork for users across apps and Collections, a carefully curated set of apps and agents designed to solve complex tasks"
Q3 2025
10-Q • Filed 10/31/2025
Summary
Atlassian reported Q3 FY2026 revenue of $1.43B (+20.6% YoY) with subscription revenue growing 21.4% to $1.37B, demonstrating strong top-line momentum driven by Cloud expansion and customer expansion to 300K+ total customers with 53K customers exceeding $10K Cloud ARR. However, the company reported a net loss of $51.9M (vs. loss of $123.8M prior year) primarily due to $55.7M in restructuring charges including $27.9M severance and $26.3M in real estate optimization, indicating a shift toward operational efficiency amid increased R&D investments and competitive pressures. Free cash flow improved to $114.6M (+54% YoY) demonstrating underlying business quality, though the company is managing through a strategic transition with plans to end its Data Center offering by March 2029 while aggressively investing in AI capabilities and making significant M&A moves ($1.61B announced for DX and BCNY acquisitions).
Revenue
$1.43B
Net Income
$-51.87M
Guidance
Tone
Capex
$14.112M(+129.4% YoY)
Partnerships
Key Quotes
"We've put AI at the center of our portfolio to enhance teamwork for users across our apps and Collections; a carefully curated set of apps and agents designed to solve complex tasks."
"We initiated a rebalancing of resources resulting in the elimination of certain roles...part of our initiatives to reduce additional capacity no longer necessary due to the increased ability, accessibility, performance, stability, and supportability of our products."
"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."
Q1 2025
10-Q • Filed 5/2/2025
Summary
Atlassian reported Q1 FY2025 revenue of $1.36B (+14% YoY) driven by 19% subscription revenue growth, but the quarter was marked by a $70.8M net loss vs. $12.8M profit in Q1 FY2024, primarily due to elevated tax provisions and operating expenses. Despite strong free cash flow generation of $638.3M and an expanding customer base (50,715 customers with >$10K Cloud ARR), operating leverage remains elusive as R&D and M&S investments outpaced revenue growth, and management provided no forward guidance.
Revenue
$1.36B
Net Income
$-70.807M
Guidance
Tone
Capex
$14.366M(+36.51% YoY)
Key Quotes
"Through a portfolio of interconnected products with discrete value propositions that are powered by 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."
"Customers with greater than $10,000 in Cloud ARR represent the majority of our Cloud revenue."
"We define the number of total customers at the end of any particular period as the number of organizations with unique domains with an active subscription for two or more seats."
Q3 2024
10-Q • Filed 11/1/2024
Summary
Atlassian reported Q3 FY2025 revenue of $1.19B (+21.5% YoY), driven by strong subscription revenue growth of 32.8% to $1.13B, but net loss deteriorated to -$123.8M from -$31.9M YoY due to higher tax provisions and operating expenses growing faster than revenue. Free cash flow declined 54.4% to $74.3M YoY despite solid deferred revenue of $2.01B and 46,844 enterprise customers (>$10K Cloud ARR), signaling profitability pressures amid aggressive R&D and stock-based compensation spending.
Revenue
$1.19B
Net Income
$-123.769M
Guidance
Tone
Capex
$6.151M(+67.4% YoY)
Key Quotes
"Our primary products include Jira for planning and project management, Confluence for content creation and sharing, Jira Service Management for team service, management and support applications, Loom for asynchronous video collaboration, and Rovo for unlocking organizational knowledge."
"Customers with greater than $10,000 in Cloud ARR represent the majority of our Cloud revenue with 46,844 such customers as of September 30, 2024."
"We expect cost of revenues to increase as we continue to invest in our cloud-based infrastructure to support migrations and our Cloud customers."
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
-57.0%
SaaS Avg
-57.0%
Technology Avg
46.1%
Guidance: not_provided • Tone: neutral