Filing Flows › Atlassian (TEAM) › Q3 FY25
Atlassian (TEAM) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 2, 2025
Atlassian (TEAM) reported revenue of $1.4B for the third quarter fiscal 2025 (Q3 FY25), +14% from a year earlier and +5% from the quarter before. Operating margin was -0.9%, net loss $70.8M (5.2% of revenue).
Atlassian, Q3 FY25: revenue $1.4B (+14% year over year), operating margin -0.9%, net loss $70.8M, operating cash flow $653M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +5% | +14% |
| Operating profit | −$12.5M | — | — |
| Net earnings | −$70.8M | — | — |
| Operating cash flow | $653M | +85% | +15% |
| Free cash flow | $638M | +86% | +15% |
What changed
Revenue was $1.4B in Q3 FY25, up 14% year over year and up 5% from the previous quarter. Cloud was the largest line at 65% of revenue. Cloud added $0.18B year over year (up 25%), 106% of the total change. Marketplace and other declined 5%.
Gross margin was 83.8%, up 1.8 points from a year earlier. Operating costs exceeded revenue by $0.01B, an operating margin of -0.9%. Operating expenses grew 20% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+32%). The quarter ended with a net loss of $0.07B, wider than the previous quarter's $0.04B loss. Non-operating items added $0.01B, -69% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.65B (up 15% 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 added $0.35B. Capital expenditures of $0.01B left free cash flow of $0.64B.
Questions
What was Atlassian's revenue in the third quarter fiscal 2025?
Atlassian (TEAM) reported revenue of $1.4B for the third quarter fiscal 2025 (Q3 FY25), +14% from a year earlier and +5% from the quarter before.
Was Atlassian profitable in the third quarter fiscal 2025?
Operating loss was $12.5M (-0.9% of revenue) and net loss $70.8M.
Source: Atlassian 10-Q on SEC EDGAR.