Atlassian TEAM
Atlassian reports $90.72 million net income for fiscal Q1 2027
Quarterly report for the period ended Sep 30, 2026, 10 new risk factors
- Form
- 10-Q
- Filed
- Importance
- Major
- Accession
- 0001650372-26-000054
- Revenue: $1.77 billion for the three months ended Sep 30, 2026
- Net income: $90.72 million for the three months ended Sep 30, 2026
- Diluted EPS: $0.35 for the three months ended Sep 30, 2026
- Cash and equivalents: $1.12 billion at Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
10 new risk factors · 9 removed
Compared with the 10-Q for the period ended Mar 31, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $1.77B | $1.77B | +0.3% |
| Operating income and margin | $188.79M · 10.7% | $210.72M · 11.9% | −10%, margin −1.2 pts |
| Net income | $90.72M | $139.08M | −35% |
| Operating cash flow | $468.53M | $479.14M | −2.2% |
| Cash | $1.12B | $1.24B | −9.6% |
| Backlog (remaining performance obligations) | $4.7B | $4B | +18% |
New risk factors (10)
- • Acquisitions and strategic investments could disrupt our business, and we may be unable to integrate our acquisitions successfully or achieve the expected benefits of such transactions.
- • Global economic and political conditions, including macroeconomic and political events, have had, and may continue to have, an adverse impact on our business, results of operations and financial condition.
- As part of our business strategy, we have completed a number of acquisitions and strategic investments in other companies, products and technologies, and continue to evaluate additional strategic transactions. Any acquisition, investment or business relationship may result in unforeseen operating challenges and… +5 more paragraphs
- Regulation related to the provision of services over the internet continues to evolve, as federal, state and foreign governments continue to adopt new, or modify existing, laws and regulations addressing data privacy, cybersecurity, data protection, cloud sovereignty and the collection, processing, storage, hosting… +1 more paragraph
- We are also subject to evolving privacy laws on cookies and similar tracking technologies and e-marketing. Certain U.S. states and foreign jurisdictions, such as Australia, Canada, and the EU, have enacted laws regulating electronic communications and data collection, some more restrictive than U.S. laws, and the…
- and 5 more in the filing
Removed risk factors (9)
- • The continuing global economic and geopolitical volatility, and measures taken in response, could harm our business and results of operations.
- Large-scale international events in recent years, such as the geopolitical instability and war in regions including Ukraine and the Middle East and economic uncertainty regarding the imposition of and changes in trade policies (including trade wars, tariffs or other trade restrictions or the threat of such actions)…
- Atlassian Ascend. Additionally, we may also be subject to additional competitive and pricing pressures for our Cloud offerings compared to our Data Center offerings, which could harm our business. Revenues recognized from our Cloud offerings are also typically lower in the initial year compared to our Data Center…
- Acquisitions of, or investments in, other businesses, products, or technologies could disrupt our business, and we may be unable to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions. +3 more paragraphs
- • encounter difficulties retaining key employees of the acquired company, technology, or business cultures; and/or
- and 4 more in the filing
The reading, claim by claim
- The filing includes condensed consolidated balance sheets, statements of operations, and statements of comprehensive income.
- The financial statements are unaudited and should be read in conjunction with the accompanying notes.
- Atlassian Corp reported revenue of $1.8 billion for the quarter ended September 30, 2026.
- The company's balance sheet as of September 30, 2026, shows total assets of $5.5 billion.
- Total liabilities were $4.6 billion, and stockholders' equity was $910.7 million.
- Cash and cash equivalents were $1.1 billion as of that date.
- The company's net income for the quarter was $90.7 million, compared to a net loss of $51.9 million in the same period the previous year.
7 of 7 claims matched the filing text.
From the filing
ITEM 1. Financial Statements
ITEM 1. Financial Statements
ATLASSIAN CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS1
(in thousands, except par value and share data)
(Unaudited)
September 30, 2026 June 30, 2026
Assets
Current assets:
Prepaid expenses and other current assets 331,969 287,663
Operating lease right-of-use assets 112,143 114,059
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 214,349 $ 262,609
Accrued expenses and other current liabilities 623,629 764,579
Deferred revenue, current portion 2,240,872 2,495,431
Operating lease liabilities, current portion 49,784 48,509
Total current liabilities 3,128,634 3,571,128
Non-current liabilities:
Deferred revenue, net of current portion 152,751 166,260
Operating lease liabilities, net of current portion 187,139 194,841
Commitments and contingencies (Note 10)
Stockholders' equity
Class B Common Stock, 0.00001 par value; 230,000,000 shares authorized, 94,133,617 issued and outstanding at September 30, 2026 and June 30, 2026.
Total liabilities and stockholders' equity $ 5,510,930 $ 6,103,529
3
ATLASSIAN CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS1
(in thousands, except per share data)
(Unaudited)
Three Months Ended September 30,
General and administrative (1)
Operating income (loss)
188,793 ( 96,337 )
Other income (expense), net
Income (loss) before income taxes
170,195 ( 56,324 )
Provision for (benefit from) income taxes
79,474 ( 4,454 )
Net income (loss) per share attributable to Class A and Class B common stockholders:
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders:
(1) Amounts include stock-based compensation, as follows:
(2) Amounts include amortization of acquired intangible assets, as follows:
The above condensed consolidated financial statements should be read in conjunction with the accompanying notes.
4
ATLASSIAN CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)1
(in thousands)
(Unaudited)
Three Months Ended September 30,
Net change in unrealized gain on marketable and privately held debt securities
— 394
Net loss on cash flow hedging derivative instruments ( 8,625 ) ( 10,688 )
Other comprehensive income (loss), before tax
( 11,208 ) ( 16,040 )
Income tax effect — —
Other comprehensive income (loss), net of tax
( 11,208 ) ( 16,040 )
Total comprehensive income (loss), net of tax
$ 79,513 $ ( 67,910 )
The above condensed consolidated financial statements should be read in conjunction with the accompanying notes.
5
ATLASSIAN CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(in thousands)
(Unaudited)
Three Months Ended September 30, 2026
Common Stock Additional paid in capital Accumulated other comprehensive income (loss)
Accumulated deficit Total stockholders' equity
Class A Class B
Shares Amount Shares Amount
Balance at June 30, 2026 157,913 $ 2 94,134 $ 1 $ 7,180,851 $ — $ ( 17,034 ) $ ( 6,105,378 ) $ 1,058,442
Common stock issued 2,103 — — — — — — —
Other comprehensive loss, net of tax — — — — — ( 11,208 ) — ( 11,208 )
Net income
Common Stock Additional paid in capital Accumulated other comprehensive income (loss)
Accumulated deficit Total stockholders' equity
Class A Class B
Shares Amount Shares Amount
Balance at June 30, 2025 165,860 $ 2 97,031 $ 1 $ 5,574,290 $ 13,226 $ ( 4,241,865 ) $ 1,345,654
Common stock issued 1,717 — — — — — — —
Conversion from Class B Common Stock to Class A Common Stock 981 — ( 981 ) — — — — —
Other c
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