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Atlassian TEAM Subscription — Total revenues

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Other financials

Income statement

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Revenue$1.8B+31.7%
Gross profit$1.5B+34.1%
Operating income-$56.3M-352%
Net income-$98.4M-39.0%
EPS (diluted)-$0.38-40.7%

Balance sheet

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Cash & equivalents$1.1B-57.3%
Total debt$1.2B+1.0%
Total equity$879.0M-35.8%
Total assets$5.7B-4.0%

Cash flow

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Operating cash flow$567.5M-13.1%
CapEx$6.2M-56.8%
Free cash flow$561.3M-12.1%

Valuation

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Market cap$19.74B-59.2%
Enterprise value$19.85B-57.9%
P/S3.2×-6.1×

Profitability

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Gross margin84%+1.7pp
Operating margin-3.7%+0.3pp
Net margin-3.5%-1.3pp
FCF margin19.5%-10.1pp

Returns & leverage

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Return on equity-19.3%-5.9pp
Debt / equity1.4×+0.5×
Current ratio0.7×-0.6×

Where this comes from

Reported directly by Atlassian in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Atlassian’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Atlassian's subscription — total revenues?
Atlassian (TEAM) reported subscription — total revenues of $1.7B in Q1 2026.
How has Atlassian's subscription — total revenues changed year-over-year?
Atlassian's subscription — total revenues increased by 33.5% year-over-year, from $1.27B to $1.7B.
What is the long-term trend for Atlassian's subscription — total revenues?
Over 3 years (2022 to 2025), Atlassian's subscription — total revenues has grown at a 33.0% compound annual growth rate (CAGR), from $2.1B to $4.93B.
What does subscription — total revenues mean?
This metric represents the total revenue generated from recurring software-as-a-service (SaaS) agreements, cloud-based subscriptions, and term-based license arrangements. It serves as a primary indicator of the company's transition to a cloud-first business model and reflects the scale of its recurring revenue base. Growth in this segment is driven by new customer acquisition, expansion within existing accounts, and the migration of legacy perpetual license users to cloud platforms.