Short answer
Atlassian (TEAM) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1.8B (up 31.7% year over year) with net income of −$98M.
Q1 2026 key financials · XBRL
- Revenue
- $1.8B
- +31.7% YoY · +12.6% QoQ
- Net income
- −$98M
- −39.0% YoY · −130.7% QoQ
- Operating margin
- -3.1%
- Gross margin
- 85.3%
- EPS (diluted)
- −$0.37
- −37.0% YoY · −131.3% QoQ
Source: XBRL data from the Atlassian (TEAM) Q1 2026 10-Q on SEC EDGAR. USD.
Atlassian Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1.787B, up 32% YoY from $1.357B, driven by subscription revenue growth of 33%
- Gross margin 85% vs 84% YoY; operating loss $(56.3)M vs $(12.5)M
- Cloud revenue $1.132B, up 29%; Data Center revenue $560.7M, up 44%, strongest deployment growth
- Operating cash flow $567.5M vs $652.7M; free cash flow $561.3M vs $638.3M
- Near-term headwinds: restructuring, higher hosting and AI costs, Data Center end-of-life transition, macroeconomic uncertainty
Risk Factors
- No newly triggered risk factor identified; filing repeats risks from the 10-K
- Data Center wind-down: term-license sales ending March 2028 and maintenance ending March 2029
- AI regulatory exposure: evolving privacy, cross-border transfer, and AI-service rules may limit adoption
- Cloud migration risk: higher hosting costs and lower initial-year revenue may pressure margins
- Research and development intensity: expenses represented 51% of revenue in fiscal 2025 versus 50% in fiscal 2024
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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