TEAMAtlassian Corp
Services-Prepackaged Software
- Revenue
- $6.6B
- 26% YoY
- Operating margin
- 0.2%
- 106% YoY
- EBITDA
- $151M
- 497% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -1.7×
- −$250M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired24% of revenueOver 10% of revenue
- Payouts exceed cash flowFired133% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear38% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $3.5B | $4.4B | $5.2B | $6.6B | 26% |
| Operating income | $70M | −$345M | −$117M | −$130M | $10M | 108% |
| Net income | −$520M | −$487M | −$301M | −$257M | −$54M | 79% |
| Operating cash flow | $821M | $868M | $1.4B | $1.5B | $1.4B | 7.3% |
| Capex | $71M | $26M | $33M | $45M | $34M | 24% |
| Stock-based comp | $525M | $948M | $1.1B | $1.4B | $1.6B | 18% |
| Buybacks | $0 | $150M | $395M | $779M | $1.8B | 131% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 22
- Net
- −$4M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 42 | 160 |
| FY2025 | — | — | 108 | 199 |
| FY2024 | — | — | 94 | 174 |
| FY2023 | — | — | 90 | 134 |