Short answer
Atlassian (TEAM) filed its fiscal 2026 10-K annual report with the SEC on Aug 14, 2026. It reported revenue of $6.6B (+26.0% year over year) and net income of −$54M.
- Top risk flagged: Regulatory risk from EU GDPR and UK GDPR privacy laws, impacting compliance and data transfers, with uncertainty around EU-U.S. Data Privacy Framework validity
FY2026 key financial metrics · XBRL
- Revenue
- $6.6B
- +26.0% YoY
- Net income
- −$54M
- +79.0% YoY
- Operating margin
- 0.2%
- +2.7 pp YoY
- Gross margin
- 84.8%
- +2.0 pp YoY
- EPS (diluted)
- −$0.21
- +78.6% YoY
- ROE
- -5.1%
- +14.0 pp YoY
- Operating cash flow
- $1.4B
- −7.3% YoY
Source: XBRL data from the Atlassian (TEAM) FY2026 10-K on SEC EDGAR. USD.
Atlassian FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: AI-first cloud platform delivering interconnected collaboration apps, AI agents, and Collections for cross-functional teamwork and workflow orchestration
- New emphasis on "Rovo" AI offering with AI Gateway, Rovo Search, Chat, Agents, and Studio for integrated, context-aware enterprise AI teammates
- Strategic shift: end-of-life planned for Data Center self-managed products starting Sept 8, 2025, focusing exclusively on scalable Atlassian Cloud Platform and AI integration
- Employee count at 13,301 full-time as of June 30, 2026, with over 50% dedicated to research and development concentrating on AI capabilities and platform intelligence
- Innovated "Collections" packaging apps and AI agents into curated solutions (e.g., Teamwork, Service, Strategy Collections) to simplify adoption and broaden customer expansion paths
Management Discussion & Analysis
- Revenue $6.57B, up 26% YoY, driven by subscription growth $6.26B (+27%), primarily paid seat expansion and price increases
- GAAP operating margin ~0.2% vs -3% loss in prior year; Non-GAAP operating margin 30% vs 25% YoY
- Best segment: Cloud revenue $4.41B (+28%); Worst segment: Data Center $1.83B (+25%) slowing due to end-of-life plan
- Free cash flow $1.32B, down $96.5M YoY; repurchased $1.8B stock (19.1M shares), capex $34M; cash $1.2B at FY-end
- Management expects slight gross margin decline in FY27 due to Data Center phase out, increasing Cloud AI costs; focus on AI, enterprise sales investments
Risk Factors
- Regulatory risk from EU GDPR and UK GDPR privacy laws, impacting compliance and data transfers, with uncertainty around EU-U.S. Data Privacy Framework validity
- Geopolitical exposure through reliance on third-party service providers subject to sanctions and export controls, risking access to critical cloud infrastructure and apps
- Operational risk from transition off Data Center products by March 2029, requiring customer migration to Cloud with higher hosting costs and pricing pressures
- Competitive threat from AI-native companies leveraging generative AI to bypass traditional workflows, intensifying competition in AI-powered collaboration tools
- Financial risk from $1B senior notes issued in 2024, restrictive covenants in credit facility, and potential impact of rising interest rates on debt servicing costs
Generated from the filing text; verify against the original. How to read a 10-K
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