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The company's financial leverage has increased, with the debt-to-equity ratio rising to 1.41 in 2026Q3 alongside a significant $2.3 billion goodwill concentration.
| Metric | Jun'26 | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 |
|---|
| Total Current Assets | 2.8B | 3.89B | 3.08B | 2.74B | 1.9B | 1.63B | 2.64B | 2.04B | 1.82B | 612.49M | 778.54M | 238.63M | 171.2M | 108.55M |
| Cash & Short-Term Investments | 1.24B | 2.94B | 2.34B | 2.11B | 1.46B | 1.23B | 2.16B | 1.71B | 1.73B | 549.92M | 743.11M | 217.34M | 162M | 101.22M |
| Cash Only | 1.24B | 2.51B | 2.18B | 2.1B | 1.39B | 919.23M | 1.48B | 1.27B | 1.41B | 244.42M | 259.71M | 187.09M | 116.77M | 90.17M |
| Short-Term Investments | 0 | 424.27M | 161.97M | 10M | 73.29M | 313M | 676.07M | 445.05M | 323.13M | 305.5M | 483.4M | 30.25M | 45.23M | 11.05M |
| Accounts Receivable | 1.27B | 778.3M | 628.05M | 477.68M | 308.13M | 183.37M | 128.16M | 88.28M | 64.4M | 28.54M | 17.79M | 14.31M | 6.16M | 1.85M |
| Days Sales Outstanding | 70.53 | 54.47 | 52.59 | 49.33 | 40.13 | 32.04 | 28.98 | 26.63 | 26.9 | 16.81 | 14.21 | 16.35 | 10.46 | 4.56 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 287.66M | 175.79M | 109.31M | 146.14M | 89.88M | 177.99M | 328.06M | 222.51M | 2.88M | 4.39M | 1.03M | 2.24M | 0 | 5.48M |
| Total Non-Current Assets | 3.31B | 2.15B | 2.14B | 1.37B | 1.43B | 1.32B | 1.25B | 935.15M | 599.8M | 671.37M | 212.44M | 158.53M | 90.83M | 57.56M |
| Property, Plant & Equipment | 200.36M | 274.25M | 258.78M | 265.6M | 377.94M | 271.52M | 315.33M | 81.46M | 51.66M | 41.17M | 58.76M | 41.95M | 16.04M | 12.38M |
| Fixed Asset Turnover | 32.80x | 19.02x | 16.84x | 13.31x | 7.42x | 7.69x | 5.12x | 14.86x | 16.92x | 15.06x | 7.78x | 7.62x | 13.41x | 11.99x |
| Goodwill | 2.3B | 1.3B | 1.29B | 727.21M | 722.84M | 725.76M | 645.14M | 608.91M | 311.94M | 311.9M | 7.14M | 7.15M | 1.72M | 1.72M |
| Intangible Assets | 432.26M | 244.84M | 299.06M | 69.07M | 100.84M | 124.59M | 129.69M | 150.97M | 63.58M | 120.79M | 13.58M | 21.1M | 18.98M | 24.52M |
| Long-Term Investments | 213.15M | 221.94M | 223.22M | 225.54M | 159.06M | 122.16M | 103.94M | 61.93M | 0 | 0 | 0 | 5.28M | 5.39M | 0 |
| Other Non-Current Assets | 153.81M | 101.5M | 62.12M | 73.05M | 58.86M | 37.64M | 20.84M | 14.79M | 113.4M | 9.27M | 5.55M | 1.54M | 477K | 18.93M |
| Total Assets | 6.1B | 6.04B | 5.21B | 4.11B | 3.33B | 2.95B | 3.89B | 2.98B | 2.42B | 1.28B | 990.97M | 397.16M | 262.04M | 166.11M |
| Asset Turnover | 1.08x | 0.86x | 0.84x | 0.86x | 0.84x | 0.71x | 0.41x | 0.41x | 0.36x | 0.48x | 0.46x | 0.80x | 0.82x | 0.89x |
| Asset Growth % | 1.02% | 15.92% | 26.92% | 23.44% | 12.95% | -24.36% | 30.79% | 22.93% | 88.64% | 29.56% | 149.51% | 51.57% | 57.75% | - |
| Total Current Liabilities | 3.57B | 3.18B | 2.61B | 2.03B | 1.59B | 2.31B | 3.02B | 2.33B | 444.89M | 326.87M | 236.5M | 188.15M | 126.53M | 88.06M |
| Accounts Payable | 262.61M | 222.09M | 177.54M | 159.29M | 81.22M | 40.37M | 30.74M | 24.99M | 17.12M | 12.46M | 9.56M | 10.6M | 4.44M | 0 |
| Days Payables Outstanding | 96.16 | 90.59 | 80.65 | 91.74 | 65.45 | 42.5 | 41.74 | 43.38 | 36.18 | 38.18 | 46.05 | 73.08 | 42.63 | - |
| Short-Term Debt | 48.51M | 0 | 0 | 37.5M | 0 | 348.8M | 889.18M | 853.58M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.5B | 2.24B | 1.83B | 1.37B | 1.08B | 821.77M | 581.71M | 448.9M | 330.71M | 245.31M | 173.61M | 131.23M | 85.26M | 0 |
| Other Current Liabilities | 1.03B | 422.99M | 332.52M | 191.8M | 238.55M | 805.12M | 1.37B | 918.5M | 40.73M | 28.05M | 20.48M | 18.74M | 15.04M | 86.95M |
| Current Ratio | 0.78x | 1.22x | 1.18x | 1.35x | 1.19x | 0.70x | 0.88x | 0.88x | 4.10x | 1.87x | 3.29x | 1.27x | 1.35x | 1.23x |
| Quick Ratio | 0.78x | 1.22x | 1.18x | 1.35x | 1.19x | 0.70x | 0.88x | 0.88x | 4.10x | 1.87x | 3.29x | 1.27x | 1.35x | 1.23x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.47B | 1.52B | 1.57B | 1.42B | 1.41B | 340.42M | 299.99M | 82.08M | 1.07B | 62.94M | 22.81M | 18.95M | 10.18M | 0 |
| Long-Term Debt | 1.18B | 987.68M | 985.91M | 962.09M | 999.42M | 0 | 0 | 0 | 819.64M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 201.48M | 214.47M | 237.84M | 274.43M | 214.1M | 229.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 27.85M | 23.88M | 20.39M | 10.67M | 312K | 26.63M | 31.3M | 13.87M | 12.16M | 43.95M | 6.64M | 4.92M | 2.94M | 0 |
| Other Non-Current Liabilities | 261.7M | 48.16M | 39.92M | 31.18M | 14.62M | 15.04M | 11.67M | 40.34M | 219.35M | 8.3M | 8.71M | 4.35M | 1.79M | 0 |
| Total Liabilities | 5.05B | 4.7B | 4.18B | 3.45B | 3B | 2.65B | 3.32B | 2.41B | 1.51B | 389.81M | 259.31M | 207.11M | 136.71M | 88.06M |
| Total Debt | 1.23B | 1.24B | 1.25B | 1.28B | 1.31B | 605.35M | 1.15B | 853.58M | 819.64M | 688K | 766K | 526K | 312K | 0 |
| Net Debt | -6.6M | -1.27B | -927.59M | -820.19M | -70.77M | -313.88M | -326.22M | -414.87M | -590.7M | -243.73M | -258.94M | -186.57M | -116.45M | -90.17M |
| Debt / Equity | 1.16x | 0.92x | 1.21x | 1.96x | 4.02x | 2.05x | 2.01x | 1.51x | 0.90x | 0.00x | 0.00x | 0.00x | 0.00x | - |
| Debt / EBITDA | - | - | - | - | 10.79x | 3.77x | 10.35x | 123.96x | 24.55x | 0.12x | 0.05x | 0.03x | 0.01x | - |
| Net Debt / EBITDA | - | - | - | - | -0.58x | -1.96x | -2.93x | -60.25x | -17.69x | -42.67x | -16.14x | -10.83x | -3.23x | -3.58x |
| Interest Coverage | 0.10x | -2.24x | -1.51x | -9.32x | -10.36x | -5.53x | -5.98x | -14.05x | -7.54x | -697.67x | -68.11x | -9.12x | 98.49x | 42.92x |
| Total Equity | 1.06B | 1.35B | 1.03B | 654.67M | 327.37M | 294.91M | 575.31M | 565.47M | 907.32M | 894.05M | 731.66M | 190.05M | 125.33M | 66.18M |
| Equity Growth % | -21.34% | 30.29% | 57.77% | 99.98% | 11.01% | -48.74% | 1.74% | -37.68% | 1.48% | 22.19% | 284.98% | 51.64% | 89.38% | - |
| Book Value per Share | 4.18 | 5.14 | 3.99 | 2.55 | 1.29 | 1.18 | 2.35 | 2.37 | 3.92 | 4.02 | 3.78 | 0.91 | 0.60 | 0.32 |
| Total Shareholders' Equity | 1.06B | 1.35B | 1.03B | 654.67M | 327.37M | 294.91M | 575.31M | 565.47M | 907.32M | 894.05M | 731.66M | 190.05M | 125.33M | 66.18M |
| Common Stock | 3K | 3K | 3K | 3K | 2K | 25.16M | 24.74M | 24.2M | 23.53M | 22.73M | 21.62M | 14.4M | 14.4M | 37.27M |
| Retained Earnings | -6.11B | -4.24B | -3.2B | -2.51B | -1.87B | -1.81B | -1.12B | -765.64M | -128.02M | -23.23M | 19.27M | 14.9M | 8.13M | -757K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -17.03M | 13.23M | 25.3M | 34M | 13.86M | 1.52B | 1.13B | 816.66M | 557.1M | 437.35M | 244.34M | 39.19M | 39.08M | 19.92M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill Impairment and Leverage
According to the most recent quarterly filings, Atlassian's current ratio has tightened significantly to 0.70 in 2026Q3, down from 1.26 in 2026Q1, indicating a narrowing buffer of liquid assets relative to short-term obligations as the company navigates its ongoing transition to cloud-native infrastructure.
The decline in the current ratio suggests that the company is utilizing its cash reserves more aggressively, potentially to fund operations or capital allocation priorities like share repurchases. Investors should monitor whether this liquidity contraction reflects a strategic deployment of capital or an emerging strain on working capital management.
Based on reported financial statements, Atlassian's debt-to-equity ratio reached 1.41 in 2026Q3, a notable increase from 0.87 in 2026Q2, which suggests that the company is increasingly relying on debt financing to support its capital structure while maintaining its aggressive product-led growth and investment strategy.
The rise in leverage warrants further investigation into the cost of debt and the company's ability to service these obligations given its persistent GAAP net losses. While the debt appears manageable in the context of strong operating cash flow, the shift in the D/E ratio indicates a changing risk profile for equity holders.
As reported in recent balance sheet data, Atlassian's goodwill has expanded to $2.3 billion in 2026Q3, representing a significant portion of the $5.7 billion total asset base, which may indicate that past acquisitions are becoming a larger, more sensitive component of the company's long-term valuation.
The concentration of goodwill suggests that the company's asset quality is heavily dependent on the successful integration and performance of acquired entities. Any future underperformance in these segments could trigger impairment charges, which would negatively impact the balance sheet and overall equity value.
Data from recent SEC filings reveals that Atlassian's retained earnings deficit has deepened to $5.9 billion in 2026Q3, a trend that underscores the company's prolonged period of GAAP losses despite its successful top-line expansion and high-margin software business model.
This persistent deficit highlights the disconnect between the company's operational success in capturing market share and its accounting profitability. The reliance on equity-based compensation to attract talent, while necessary for growth, continues to weigh on the equity base and complicates the assessment of long-term shareholder value creation.
Quick answers to the most common questions about buying TEAM stock.
As of 2026, Atlassian Corporation (TEAM) had total assets of $6.10B including $2.80B in current assets.
Atlassian Corporation (TEAM) carries total debt of $1.23B, offset by $1.24B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Atlassian Corporation (TEAM) has total shareholders' equity (book value) of $1.06B ($4.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Atlassian Corporation (TEAM) reported a current ratio of 0.78x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.