TEAM

MKT CAP:$19B

Atlassian Corporation

Market Cap

$19B

Technology·Software - Application·🇦🇺 Australia·NASDAQ

Technology·Software App·🇦🇺·NASDAQ

Stock Price

$69.48-$85.28 (-55.10%)

Apr 24, 2026

Company Details

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connect...

CEO

Michael Cannon-Brookes

IPO Date

Dec 9, 2015

Website

www.atlassian.com

Key Metrics TTM

Revenue

$5.8B

+20.1% YoY

Net Income

-$189M

EPS (Diluted)

-$0.72

Free Cash Flow

$1.3B

Revenue / Share

$21.87

Gross Margin

83.5%

Operating Margin

-3.2%

Net Margin

-3.3%

FCF Margin

22.0%

P/S

3.3x

P/E

—

Earnings Reports

Q3 2026

Apr 30, 2026

PENDING

Q2 2026

Feb 6, 2026

$1.6B+23.3%EPS -$0.16

Q1 2026

Oct 31, 2025

$1.4B+20.6%EPS -$0.20

FY 2025

Aug 15, 2025

$5.2B+19.7%EPS -$0.98

Q4 2025

Aug 15, 2025

$1.4B+22.3%EPS -$0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$614M	$518M	$56M
Q2 22	$689M	$578M	$23M
Q1 23	$807M	$668M	-$34M
Q2 23	$873M	$717M	-$99M
Q3 23	$915M	$747M	-$162M
Q4 23	$939M	$769M	-$50M
Q1 24	$978M	$800M	-$19M
Q2 24	$1.1B	$866M	-$49M
Q3 24	$1.2B	$976M	$18M
Q4 24	$1.1B	$914M	-$67M
Q1 25	$1.2B	$970M	-$32M
Q2 25	$1.3B	$1.1B	-$57M
Q3 25	$1.4B	$1.1B	-$12M
Q4 25	$1.4B	$1.1B	-$28M
Q1 26	$1.4B	$1.2B	-$96M
Q2 26	$1.6B	$1.3B	-$49M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q1 23	20.8x	—
Q2 23	11.0x	—
Q3 23	12.7x	—
Q4 23	12.2x	—
Q1 24	13.8x	—
Q2 24	15.7x	—
Q3 24	12.1x	—
Q4 24	10.7x	—
Q1 25	9.1x	—
Q2 25	13.5x	—
Q3 25	11.2x	—
Q4 25	10.2x	—
Q1 26	8.0x	—
Q2 26	7.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$65M	$58M
Q2 22	$203M	$191M
Q1 23	$92M	$76M
Q2 23	$151M	$146M
Q3 23	$352M	$350M
Q4 23	$273M	$270M
Q1 24	$167M	$163M
Q2 24	$290M	$284M
Q3 24	$565M	$555M
Q4 24	$426M	$413M
Q1 25	$80M	$74M
Q2 25	$352M	$343M
Q3 25	$639M	$625M
Q4 25	$375M	$360M
Q1 26	$129M	$115M
Q2 26	$178M	$169M

Capital Expenditures

Quarter	CapEx
Q1 22	$7M
Q2 22	$12M
Q1 23	$16M
Q2 23	$4M
Q3 23	$3M
Q4 23	$3M
Q1 24	$4M
Q2 24	$5M
Q3 24	$11M
Q4 24	$14M
Q1 25	$6M
Q2 25	$9M
Q3 25	$14M
Q4 25	$15M
Q1 26	$14M
Q2 26	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+56.0%	+71.4%
Q3 23	+49.1%	+93.2%
Q4 23	+36.4%	+48.7%
Q1 24	+21.1%	+18.4%
Q2 24	+21.5%	+14.1%
Q3 24	+29.9%	+8.8%
Q4 24	+20.5%	+21.1%
Q1 25	+21.5%	+22.4%
Q2 25	+21.4%	+21.2%
Q3 25	+14.1%	+16.9%
Q4 25	+22.3%	+17.9%
Q1 26	+20.6%	+25.3%
Q2 26	+23.3%	+21.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q1 23	$174M	21.5%
Q2 23	$266M	30.5%
Q3 23	$263M	28.8%
Q4 23	$245M	26.1%
Q1 24	$236M	24.1%
Q2 24	$290M	27.3%
Q3 24	$283M	23.8%
Q4 24	$273M	24.2%
Q1 25	$286M	24.1%
Q2 25	$379M	29.4%
Q3 25	$0	0.0%
Q4 25	$351M	25.3%
Q1 26	$351M	24.5%
Q2 26	$453M	28.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$272M	$90M	$99M
Q2 22	$319M	$116M	$121M
Q1 23	$399M	$143M	$160M
Q2 23	$474M	$156M	$184M
Q3 23	$522M	$165M	$221M
Q4 23	$475M	$142M	$203M
Q1 24	$482M	$143M	$194M
Q2 24	$537M	$157M	$218M
Q3 24	$576M	$158M	$224M
Q4 24	$589M	$152M	$227M
Q1 25	$603M	$147M	$252M
Q2 25	$680M	$169M	$268M
Q3 25	$685M	$168M	$296M
Q4 25	$701M	$163M	$314M
Q1 26	$756M	$179M	$336M
Q2 26	$826M	$193M	$376M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	—	-62.8%	—
Q2 22	—	1.9%	—
Q1 23	—	1.9%	—
Q2 23	56.0%	-9.3%	46.6
Q3 23	49.1%	-14.4%	34.7
Q4 23	36.4%	-2.3%	34.1
Q1 24	21.1%	1.3%	22.4
Q2 24	21.5%	-1.3%	20.1
Q3 24	29.9%	4.3%	34.2
Q4 24	20.5%	-2.1%	18.4
Q1 25	21.5%	-0.0%	21.5
Q2 25	21.4%	-1.3%	20.1
Q3 25	14.1%	1.7%	15.8
Q4 25	22.3%	1.2%	23.6
Q1 26	20.6%	-1.6%	19.0
Q2 26	23.3%	-0.4%	22.9

Rule of 40

Revenue Segments

Quarter	License and Service	Maintenance	Product and Service, Other
Q1 23	$651M	$114M	$43M
Q2 23	$711M	$106M	$55M
Q3 23	$761M	$94M	$61M
Q4 23	$800M	$86M	$53M
Q1 24	$852M	$79M	$47M
Q2 24	$932M	$69M	$59M
Q3 24	$1.1B	$30M	$88M
Q4 24	$1.1B	—	$63M
Q1 25	$1.1B	—	$56M
Q2 25	$1.2B	—	$73M
Q3 25	$1.3B	—	$84M
Q4 25	$1.3B	—	$72M
Q1 26	$1.4B	—	$58M
Q2 26	$1.5B	—	$79M

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 23	$410M	$93M	$304M
Q2 23	$430M	$99M	$344M
Q3 23	$455M	$104M	$356M
Q4 23	$470M	$106M	$362M
Q1 24	$490M	$110M	$378M
Q2 24	$514M	$120M	$425M
Q3 24	$564M	$125M	$500M
Q4 24	$557M	$127M	$448M
Q1 25	$584M	$134M	$469M
Q2 25	$619M	$142M	$525M
Q3 25	$637M	$148M	$572M
Q4 25	$676M	$151M	$558M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$1.2B	$86M	$1.3B
Q4 22	$1.4B	$73M	$1.5B
Q1 23	$1.5B	$55M	$1.5B
Q2 23	$1.6B	$36M	$1.7B
Q3 23	$2.0B	$10M	$2.0B
Q4 23	$2.1B	$10M	$2.1B
Q1 24	$2.1B	$94M	$2.2B
Q2 24	$1.5B	$151M	$1.6B
Q3 24	$1.9B	$163M	$2.1B
Q4 24	$2.2B	$162M	$2.3B
Q1 25	$2.1B	$161M	$2.2B
Q2 25	$2.2B	$252M	$2.5B
Q3 25	$2.7B	$314M	$3.0B
Q4 25	$2.5B	$424M	$2.9B
Q1 26	$2.3B	$456M	$2.8B
Q2 26	$1.2B	$408M	$1.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	252M	+0.3%	—
Q2 22	253M	+0.3%	—
Q1 23	255M	+0.9%	—
Q2 23	256M	+0.3%	+1.8%
Q3 23	257M	+0.4%	+1.9%
Q4 23	257M	+0.2%	+1.8%
Q1 24	258M	+0.2%	+1.1%
Q2 24	259M	+0.3%	+1.1%
Q3 24	262M	+1.2%	+1.9%
Q4 24	260M	-0.6%	+1.1%
Q1 25	260M	+0.1%	+1.0%
Q2 25	261M	+0.3%	+1.0%
Q3 25	263M	+0.6%	+0.3%
Q4 25	263M	+0.1%	+1.0%
Q1 26	263M	+0.0%	+1.0%
Q2 26	263M	+0.2%	+0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$95.4K	6K
Q2 22	$107.0K	6K
Q1 23	$91.6K	9K
Q2 23	$99.0K	9K
Q3 23	$103.9K	9K
Q4 23	$87.6K	11K
Q1 24	$91.2K	11K
Q2 24	$98.8K	11K
Q3 24	$110.9K	11K
Q4 24	$93.1K	12K
Q1 25	$97.7K	12K
Q2 25	$105.8K	12K
Q3 25	$111.6K	12K
Q4 25	$100.2K	14K
Q1 26	$103.7K	14K
Q2 26	$114.8K	14K

Revenue / Employee