Atlassian
TEAM · NasdaqServices-Prepackaged Software · Fiscal year ends Jun 30
Atlassian reported revenue of $6.6B in the fiscal year ended Jun 2026, up 26.0% from the year before. Operating income was $10M, an operating margin of 0.2%, and net income was −$54M. Operating cash flow of $1.4B less capital expenditure of $34M left free cash flow of $1.3B. It held more cash than debt (net cash $250M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.5B | $4.4B | $5.2B | $6.6B |
| Cost of revenue | $453M | $634M | $803M | $895M | $997M |
| Gross profit | $2.3B | $2.9B | $3.6B | $4.3B | $5.6B |
| Research & development | $1.3B | $1.9B | $2.2B | $2.7B | $3.3B |
| Operating income | $70M | −$345M | −$117M | −$130M | $10M |
| Interest expense | $41M | $30M | $34M | $31M | $49M |
| Pre-tax income | −$471M | −$311M | −$85M | −$99M | $22M |
| Income tax | $49M | $176M | $215M | $158M | $76M |
| Net income | −$520M | −$487M | −$301M | −$257M | −$54M |
| Diluted EPS | −2.05 | −1.90 | −1.16 | −0.98 | −0.21 |
| Diluted shares | 253M | 256M | 259M | 262M | 260M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.4B | $2.1B | $2.2B | $2.5B | $1.2B |
| Receivables | $308M | $478M | $628M | $778M | $1.3B |
| Current assets | $1.9B | $2.7B | $3.1B | $3.9B | $2.8B |
| Net PP&E | $101M | $81M | $86M | $105M | $86M |
| Goodwill | $723M | $727M | $1.3B | $1.3B | $2.3B |
| Total assets | $3.3B | $4.1B | $5.2B | $6B | $6.1B |
| Payables | $81M | $159M | $178M | $222M | $263M |
| Deferred revenue | $1.1B | $1.4B | $1.8B | $2.2B | $2.5B |
| Current liabilities | $1.6B | $2B | $2.6B | $3.2B | $3.6B |
| Short-term debt | $0 | $38M | $0 | – | – |
| Long-term debt | $999M | $962M | $986M | $988M | $990M |
| Total liabilities | $3B | $3.5B | $4.2B | $4.7B | $5B |
| Shareholders' equity | $327M | $655M | $1B | $1.3B | $1.1B |
| Backlog (remaining obligations) | – | $1.8B | $2.4B | $3.3B | $4.8B |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $821M | $868M | $1.4B | $1.5B | $1.4B |
| Capital expenditure | $71M | $26M | $33M | $45M | $34M |
| Free cash flow | $750M | $842M | $1.4B | $1.4B | $1.3B |
| Depreciation & amortisation | $52M | $61M | $79M | $92M | $141M |
| Stock-based compensation | $525M | $948M | $1.1B | $1.4B | $1.6B |
| Acquisitions | $19M | $6M | $848M | $14M | $1.2B |
| Share buybacks | $0 | $150M | $395M | $779M | $1.8B |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 26.1% | 23.3% | 19.7% | 26.0% |
| Operating income growth (YoY) | – | −592.6% | – | – | – |
| Gross margin | 83.8% | 82.1% | 81.6% | 82.8% | 84.8% |
| Operating margin | 2.5% | −9.8% | −2.7% | −2.5% | 0.2% |
| Net margin | −18.5% | −13.8% | −6.9% | −4.9% | −0.8% |
| Return on equityBlank when equity is negative | −158.7% | −74.4% | −29.1% | −19.1% | −5.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 4.0% | −16.6% | −4.5% | −4.6% | 0.4% |
| Free cash flow margin | 26.8% | 23.8% | 32.5% | 27.1% | 20.1% |
| Cash conversion (CFO ÷ net income) | −1.58x | −1.78x | −4.82x | −5.69x | −25.1x |
| Receivable days | 40 | 49 | 53 | 54 | 71 |
| Payable days | 65 | 92 | 81 | 91 | 96 |
| Interest cover | 1.69x | −11.5x | −3.44x | −4.27x | 0.21x |
| Debt ÷ equity | 3.05x | 1.53x | 0.95x | 0.73x | 0.93x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$386M | −$1.1B | −$1.2B | −$1.5B | −$250M |
| Current ratio | 1.19x | 1.35x | 1.18x | 1.22x | 0.78x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.