Atlassian Corp (NASDAQ: TEAM)

Atlassian Corp provides team collaboration software that enables organizations to connect all teams through a system of work designed to unlock productivity at scale. The company offers a deeply interconnected portfolio of apps, AI agents, and products, each with discrete value propositions, delivering solutions for software teams, IT operations and support teams, leadership, and business teams. Atlassian has integrated AI at the center of its portfolio to enhance teamwork across its apps and Collections, which are carefully curated sets of apps and agents designed to solve complex tasks. These apps, agents, and Collections are built on the Atlassian Cloud Platform and data model, a common technology foundation that seamlessly connects teams, information, and workflows throughout an organization.

Atlassian generates revenues primarily through subscription fees. Subscription revenues consist mainly of fees earned from subscription-based arrangements that provide customers the right to use the company's software apps in a cloud-based infrastructure provided by Atlassian, referred to as Cloud offerings. The company also sells on-premises term license agreements for its Data Center products, which include software licensed for a specified period along with bundled support and maintenance services for the term of the license. Subscription revenues further include subscription-based agreements for premier support services. Additionally, Atlassian earns other revenues from fees received for sales of third-party apps in the Atlassian Marketplace, as well as from advisory and training services.

The company operates through the following segments: Cloud offerings and Data Center offerings.

• Cloud offerings involve subscription-based arrangements that provide customers the right to use Atlassian's software apps in a cloud-based infrastructure that the company provides, with revenue recognized ratably as services are performed starting from the date the service is made available to customers.

• Data Center offerings consist of on-premises term license agreements for software licensed for a specified period, bundled with support and maintenance services for the term of the license period, where revenue is recognized upfront for the term license portion and ratably for support and related services over the term of the arrangement.

Atlassian holds a strong position in the team collaboration software industry, competing with other providers of enterprise software solutions. The company's competitive advantages stem from its deeply interconnected portfolio of apps and AI agents, the Atlassian Cloud Platform that enables seamless integration across tools, and its focus on embedding AI to enhance teamwork. Its recurring revenue model from Cloud offerings provides a stable financial foundation, and its ability to expand within existing customer bases drives sustained growth.

Atlassian serves a diverse customer base that includes software teams, IT operations and support teams, leadership, and business teams across organizations of various sizes. The company's customers span multiple industries and geographies, with a significant presence in the Americas, EMEA, and Asia Pacific regions. As of December 31, 2025, Atlassian had more than 350,000 total customers, defined as organizations with unique domains and an active subscription for two or more seats.