Atlassian Corporation
In the published model solve dated 2026-Q2, anchored at $113.21, Atlassian Corporation (TEAM) is priced for +23.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Atlassian converts an 81.6 percent gross margin into roughly $1.2 billion of trailing free cash flow while still reporting a GAAP operating loss; the FY2025 10-K reconciliation shows a $130.4 million GAAP operating loss with about $1.36 billion of stock-based compensation added back, and buybacks have held the share count nearly flat. • The central risk is durability, not the near-term pace: today's price requires roughly 12.5 percent annual revenue growth to persist for years on the way to an
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630 institutional managers reported holding TEAM in 13F filings for the quarter ended 2026-03-31. Together they hold about 57% of the company; the top 10 hold 29%. 90 opened new positions that quarter. Held by Vanguard Group, BlackRock, Baillie Gifford, among others. On the short side, 17.0M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (3.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TEAM's share count grew 3.5% over the past five years even with $2.78B spent on repurchases. It pays no dividend. Cash returned over the past three years: $2.62B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at TEAM over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TEAM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-19 | +17.2% | +0.4% |
| 2023-11-04 | -0.5% | +27.8% |
| 2024-02-03 | -13.0% | -9.6% |
| 2024-04-27 | -9.8% | -1.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TEAM's latest 8-K filings: 2026-08-06 (items 2.02, 8.01, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-03-11 (items 2.05, 5.02, 7.01, 9.01); 2026-02-18 (items 5.02); 2026-02-05 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.