undamentalytics Newsletter
Sign in

Atlassian Corp key statistics and ratios

In fiscal 2026, Atlassian Corp had return on equity of -4.5%, an operating margin of 0.2%, debt equal to 93.5% of equity and a current ratio of 0.78. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2021Jun 20212022Jun 20222023Jun 20232024Jun 20242025Jun 20252026Jun 2026
Gross margin84.1%83.8%82.1%81.6%82.8%84.8%
Operating margin6.8%2.5%−9.8%−2.7%−2.5%0.2%
Net margin−27.7%−18.5%−13.8%−6.9%−4.9%−0.8%
Free-cash-flow margin36.3%26.8%23.8%32.5%27.1%20.1%
Return on equity−184.8%−162.2%−99.1%−35.6%−21.6%−4.5%
Return on assets—−15.6%−13.1%−6.4%−4.6%−0.9%
Asset turnover—0.840.950.940.931.08
Current ratio—1.191.351.181.220.78
Debt to equity0.0%305.3%152.7%95.5%73.4%93.5%
Interest cover (operating income ÷ interest)1.5x1.7xn/mn/mn/m0.2x
R&D as % of revenue44.7%46.1%52.9%50.1%51.2%49.7%
Capital spending as % of revenue1.5%2.5%0.7%0.8%0.9%0.5%
Dividends and buybacks ÷ free cash flow0.0%0.0%17.8%27.9%55.1%136.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $6.1bn
Short-term assets $2.8bnLonger-term assets $3.3bn
What it owes, and who funded it · $6.1bn
Short-term liabilities $3.6bnLonger-term liabilities $1.5bnShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $2.8bn of assets due within a year against $3.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.8bn short-term assets against $1.5bn of longer-dated liabilities.
  • More cash than debt $1.2bn of cash against $990m of debt.
  • Debt below 40% of shareholders' equity Debt is 93% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $990m of debt.
  • Operating profit covers interest at least five times over Operating income of $10m against $49m of interest.

From Atlassian Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

48 /100

Moderate moat

How hard Atlassian's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -5.8% of total assets over 5 years.

  • Pricing power 20 / 20

    Gross margin has been a median 82.8%, moving by 1.2 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -2.5%; its worst year was -9.8%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 5 of 5 years, at a median 26.8% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (62 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: SSNC vs TEAMTEAM vs TOSTCDNS vs TEAMPLTR vs TEAM

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Atlassian Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Atlassian Corp.