Atlassian Corporation, known for its software products like Jira, Confluence, Loom, and Trello, has recently released its 10-Q report, providing a detailed insight into its financial condition and operational results. The company's primary products include Jira for project management, Confluence for content creation, and Jira Service Management for team service and support applications. Atlassian's customer base has grown to over 300,000 organizations, with more than 50,000 customers generating over $10,000 in annualized recurring revenue from its Cloud offerings.
In the first quarter of 2025, Atlassian reported a net cash provided by operating activities of $652.7 million, marking an increase from the same period in 2024, which stood at $565.4 million. The company's free cash flow, a key liquidity measure, also showed a significant increase during this period, reaching $638.3 million compared to $554.9 million in the previous year.
Subscription revenues, primarily driven by the number and size of active licenses, continue to be the main source of income for Atlassian. The company's subscription-based arrangements generally have a contractual term of one to twelve months, with revenue recognized ratably as services are performed. Additionally, other revenues, including fees from third-party app sales in the Atlassian Marketplace and advisory services, contribute to the company's overall revenue stream.
Atlassian's financial report emphasizes its commitment to product development, customer service, and innovation, with a focus on creating versatile products that are affordable and easy to adopt. The company's unique approach to market entry and expansion has resulted in a high-velocity, low-friction distribution model, driving exceptional customer scale and growth in its customer base. As a result of these announcements, the company's shares have moved -9.0% on the market, and are now trading at a price of $208.48. For the full picture, make sure to review Atlassian's 10-Q report.