TEAM — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-08-14

• focus primarily on expanding and deepening strategic relationships with our existing large enterprise customers, and also allows us to operate at an exceptional scale for an enterprise software company.

• Our system of work is a philosophy of how organizations should work, connecting all teams to accelerate progress and maximize team impact by providing an AI-powered shared platform for managing workflows across the entire organization.

• We deliver this system of work through a connected portfolio of apps, agents, and Collections with discrete value propositions, all built on the Atlassian platform. By connecting teams with these apps, agents, and Collections, the Atlassian system of work gives all teams the right foundations so the…

• This organizational context is a critical enabler for effective AI agents and automated workflows. As AI models become increasingly commoditized, the quality of the context they operate on determines the quality of their output. The Teamwork Graph provides AI agents, whether built by Atlassian, our …

• The Teamwork Graph is self-reinforcing: it grows richer with each workflow, integration, and interaction, including those from third-party agents that connect through open protocols such as the Model Context Protocol (“MCP”) and our command-line interface (“CLI”). This openness strengthens the graph…

Text removed vs the prior filing · source: 10-K · 2025-08-15

• Our system of work is a philosophy of how technology-driven organizations should work, connecting technology and business teams to accelerate progress and maximize team impact.

• We deliver this system of work through a connected portfolio of apps, agents, and Collections with discrete value propositions, all built on the Atlassian platform. By connecting teams on these apps and Collections, the

• Atlassian system of work gives all teams the right foundations so they can align work to goals, plan and track work, unleash knowledge across the organization, and, for our cloud customers, make AI part of the team.

• The platform app layer of the Atlassian Cloud Platform consists of a core set of apps designed to connect, align, and supercharge every team across the organization.

• Rovo is Atlassian’s advanced AI offering, aimed at enhancing teamwork by assisting teams in quickly locating the right information, understanding it deeply, and taking action using specialized out-of-the-box or custom-tailored agents. Rovo consists of three platform apps:

Text added vs the prior filing · source: 10-K · 2026-08-14

• •If we are unable to develop and maintain successful relationships with our solution partners, our business, results of operations, and financial condition could be harmed.

• •We invest significantly in research and development, and to the extent our research and development investments do not translate into new offerings or material enhancements to our current offerings, or if we do not use those investments efficiently, our business and results of operations would be h…

• •If we fail to integrate our apps, agents, and products with a variety of operating systems, software applications, platforms and hardware that are developed by others, our products may become less marketable, less competitive, or obsolete and our results of operations could be harmed.

• •Acquisitions, strategic investments or partnerships could disrupt our business, and we may be unable to integrate our acquisitions successfully or achieve the expected benefits of such transactions.

• •If we cannot continue to expand the use of our offerings beyond our initial focus on software developers, our ability to grow our business could be harmed.

Text removed vs the prior filing · source: 10-K · 2025-08-15

• •The continuing global economic and geopolitical volatility, and measures taken in response, could harm our business and results of operations.

• •We invest significantly in research and development, and to the extent our research and development investments do not translate into new offerings or material enhancements to our current offerings, or if we do not use those investments efficiently, our business and results of operations would be h…

• •If we fail to effectively manage our growth, our business and results of operations could be harmed.

• •Our current and future indebtedness may limit our flexibility in obtaining additional financing and in pursuing other business opportunities or operating activities.

• •Our global operations and structure subject us to potentially adverse tax consequences.

Text added vs the prior filing · source: 10-K · 2026-08-14

• We generate 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 our software apps in a cloud-based infrastructure that we provide (“Cloud offerings”). We also sell on…

• In September 2025, we announced plans to end-of-life our Data Center offering. As of March 2026, we no longer sell term licenses to new customers, and we will stop selling term licenses and expansions to existing customers in March 2028. Subject to limited exceptions, we also plan to end maintenance…

• In the second quarter of fiscal year 2026, we completed the acquisitions of The Browser Company of New York Inc. (“BCNY”) and A Software Company (“DX”). We believe integrating these technologies into our offerings will enhance customer value. BCNY has built a browser for enterprises optimized for Sa…

• During the first quarter of fiscal year 2026, we initiated a restructuring plan to reduce capacity that was no longer necessary due to the increased ability, accessibility, performance, stability, and supportability of our products.

• During the third quarter of fiscal year 2026, we initiated another restructuring plan to accelerate building the future of teamwork in the AI era. This includes self-funding further investment in key strategic priorities, such as AI and enterprise sales, reorganizing our teams to move with more focu…

Text removed vs the prior filing · source: 10-K · 2025-08-15

• common technology foundation that seamlessly connects teams, information, and workflows throughout an organization.

• We generate 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 our software apps in a cloud-based-infrastructure that we provide (“Cloud offerings”). We also sell on…

• Other revenues primarily include fees received for sales of third-party apps in the Atlassian Marketplace. Advisory services and training services are also included in other revenues. Revenue from the sale of third-party apps via Atlassian Marketplace is recognized on the date of product delivery gi…

• been met at that time and on a net basis as we function as the agent in the relationship. Revenue from advisory services is recognized over the time period that the customer has access to the service. Revenue from consulting and training is recognized over time as the services are performed.

• We expect subscription revenue to increase and continue to be our primary driver of revenue growth. Maintenance revenue related to our Server offerings is immaterial after the Server end of support date in fiscal year 2024, and has been classified in other revenues within our Consolidated Statements…

Text added vs the prior filing · source: 10-K · 2026-08-14

• We have a cash flow hedging program in place and enter into derivative transactions to manage certain foreign currency exchange risks that arise in our ordinary business operations. We recognize all derivative instruments as either assets or liabilities on our Consolidated Balance Sheets and measure…

Text removed vs the prior filing · source: 10-K · 2025-08-15

• We have a cash flow hedging program in place and enter into derivative transactions to manage certain foreign currency exchange risks that arise in our ordinary business operations. We recognize all derivative instruments as either assets or liabilities on our Consolidated Balance Sheets and measure…

• whether it is designated and qualifies for hedge accounting. After considering the foreign currency derivative hedging contracts we enter into to manage transactional foreign currency exchange risk, a hypothetical 10% strengthening or weakening of the U.S. dollar against the foreign currencies appli…