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Atlassian (TEAM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 31, 2025
Atlassian (TEAM) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and +3% from the quarter before. Operating margin was -6.7%, net loss $51.9M (3.6% of revenue).
Atlassian, Q1 FY26: revenue $1.4B (+21% year over year), operating margin -6.7%, net loss $51.9M, operating cash flow $129M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +3% | +21% |
| Operating profit | −$96.3M | — | — |
| Net earnings | −$51.9M | — | — |
| Operating cash flow | $129M | -66% | +60% |
| Free cash flow | $115M | -68% | +54% |
What changed
Revenue was $1.4B in Q1 FY26, up 21% year over year and up 3% from the previous quarter. Cloud was the largest line at 70% of revenue. Cloud added $0.21B year over year (up 26%), 84% of the total change.
Gross margin was 82.0%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $0.10B, an operating margin of -6.7%. Operating expenses grew 27% against revenue growth of 21%. The fastest-growing cost line was Sales & marketing (+33%). The quarter ended with a net loss of $0.05B, wider than the previous quarter's $0.02B loss. Non-operating items added $0.04B, -71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.13B (up 60% year over year). Non-cash charges added back $0.02B of depreciation and amortization and $0.35B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.01B left free cash flow of $0.11B.
Questions
What was Atlassian's revenue in the first quarter fiscal 2026?
Atlassian (TEAM) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +21% from a year earlier and +3% from the quarter before.
Was Atlassian profitable in the first quarter fiscal 2026?
Operating loss was $96.3M (-6.7% of revenue) and net loss $51.9M.
Source: Atlassian 10-Q on SEC EDGAR.