Atlassian Corp has recently released its 10-K report, detailing its financial performance and business operations. The company, headquartered in Sydney, Australia, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira, Confluence, Loom, Trello, Jira Service Management, Jira Align, Bitbucket, Atlassian Access, Jira Product Discovery, Compass, Bamboo, Crowd, Crucible, Fisheye, Opsgenie, Sourcetree, Statuspage, and Atlassian cloud apps.
In the 10-K report, Atlassian discusses its financial condition and results of operations for fiscal years 2025 and 2024. The company's mission is to unleash the potential of every team, and its team collaboration software enables organizations to connect all teams through a system of work that unlocks productivity at scale. Atlassian generates revenues primarily in the form of subscription fees. Subscription revenues consist primarily of fees earned from subscription-based arrangements for providing customers the right to use its software apps in a cloud-based infrastructure that it provides. The company also sells on-premises term license agreements for its Data Center products, consisting of software licensed for a specified period and support and maintenance services.
As of June 30, 2025, Atlassian had more than 300,000 customers. The company's ability to attract new customers and expand within the existing customer base is critical, with a focus on growing the number of customers with more than $10,000 in annualized recurring revenue from its Cloud offerings. No single customer contributed more than 5% of Atlassian's total revenues during fiscal year 2025.
The company's free cash flow for fiscal year 2025 remained approximately flat as compared to fiscal year 2024, with a slight decrease primarily attributable to an increase in capital expenditures offset by an increase in net cash provided by operating activities. Atlassian expects subscription revenue to increase and continue to be its primary driver of revenue growth.
Atlassian's operating expenses are classified as research and development, marketing and sales, and general and administrative. The company's provision for income taxes consists primarily of income taxes related to federal, state, and foreign jurisdictions where it conducts business.
The 10-K report provides a comprehensive overview of Atlassian's business, financial condition, and results of operations, offering valuable insights into the company's performance and strategic direction. As a result of these announcements, the company's shares have moved 1.59% on the market, and are now trading at a price of $167.00. If you want to know more, read the company's complete 10-K report here.
