Atlassian (TEAM)
Market Price (4/11/2026): $57.02 | Market Cap: $15.0 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Atlassian (TEAM)
Market Price (4/11/2026): $57.02Market Cap: $15.0 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -66% Attractive yieldFCF Yield is 8.5% Stock buyback supportStock Buyback 3Y Total is 1.8 Bil Megatrend and thematic driversMegatrends include Cloud Computing, Automation & Robotics, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -102%, 3Y Excs Rtn is -132% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -185 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.2% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 26% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.4% Key risksTEAM key risks include [1] intense competition from major enterprise software players targeting its core markets and [2] specific cloud service reliability failures, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -66% |
| Attractive yieldFCF Yield is 8.5% |
| Stock buyback supportStock Buyback 3Y Total is 1.8 Bil |
| Megatrend and thematic driversMegatrends include Cloud Computing, Automation & Robotics, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -102%, 3Y Excs Rtn is -132% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -185 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.2% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 26% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.4% |
| Key risksTEAM key risks include [1] intense competition from major enterprise software players targeting its core markets and [2] specific cloud service reliability failures, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Shift in Market Valuation and Concerns Over Growth Trajectory. The market's perception of Atlassian fundamentally changed, moving away from its historical valuation as a "premium software" play to one requiring proven performance. Despite reporting Q4 FY2025 revenue of $1.384 billion (up 22% year-over-year) and Q1 FY2026 revenue of $1.43 billion (up 21% year-over-year), investor apprehension grew regarding future growth and market conditions. Analysts subsequently lowered price targets, with KeyCorp decreasing its target from $170.00 to $130.00 on April 1, 2026, and Weiss Ratings reiterating a "sell" rating in January 2026, citing a "Weak Growth Index" for Atlassian. There were concerns that the company's projected revenue growth (20% for the current fiscal year, expected to fade to 18% next year) might not justify its previous valuation levels.
2. Broader Software/SaaS Sector Selloff and AI Impact Uncertainty. Atlassian's stock decline occurred amidst a wider selloff in the software as a service (SaaS) sector and high-multiple technology valuations during Q1 2026. The technology sector, particularly software, experienced significant pressure, with the broader software sector falling 30% during Q1 2026. Investors raised concerns about how the rapidly growing impact of artificial intelligence (AI) could potentially disrupt and pressure traditional per-seat software economic models. This macroeconomic and sector-specific headwind contributed to a re-evaluation of growth software companies, including Atlassian.
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Stock Movement Drivers
Fundamental Drivers
The -64.8% change in TEAM stock from 12/31/2025 to 4/10/2026 was primarily driven by a -66.5% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 162.14 | 57.15 | -64.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,460 | 5,760 | 5.5% |
| P/S Multiple | 7.8 | 2.6 | -66.5% |
| Shares Outstanding (Mil) | 263 | 264 | -0.3% |
| Cumulative Contribution | -64.8% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| TEAM | -64.8% | |
| Market (SPY) | -5.4% | 6.5% |
| Sector (XLK) | -0.9% | 14.1% |
Fundamental Drivers
The -64.2% change in TEAM stock from 9/30/2025 to 4/10/2026 was primarily driven by a -67.5% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 159.70 | 57.15 | -64.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,215 | 5,760 | 10.4% |
| P/S Multiple | 8.0 | 2.6 | -67.5% |
| Shares Outstanding (Mil) | 263 | 264 | -0.4% |
| Cumulative Contribution | -64.2% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| TEAM | -64.2% | |
| Market (SPY) | -2.9% | 16.0% |
| Sector (XLK) | 1.4% | 16.2% |
Fundamental Drivers
The -73.1% change in TEAM stock from 3/31/2025 to 4/10/2026 was primarily driven by a -77.4% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 212.21 | 57.15 | -73.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,795 | 5,760 | 20.1% |
| P/S Multiple | 11.6 | 2.6 | -77.4% |
| Shares Outstanding (Mil) | 261 | 264 | -1.0% |
| Cumulative Contribution | -73.1% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| TEAM | -73.1% | |
| Market (SPY) | 16.3% | 43.4% |
| Sector (XLK) | 38.8% | 40.9% |
Fundamental Drivers
The -66.6% change in TEAM stock from 3/31/2023 to 4/10/2026 was primarily driven by a -81.0% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 171.17 | 57.15 | -66.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,180 | 5,760 | 81.1% |
| P/S Multiple | 13.8 | 2.6 | -81.0% |
| Shares Outstanding (Mil) | 256 | 264 | -3.0% |
| Cumulative Contribution | -66.6% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| TEAM | -66.6% | |
| Market (SPY) | 63.3% | 40.8% |
| Sector (XLK) | 92.6% | 38.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TEAM Return | 63% | -66% | 85% | 2% | -33% | -64% | -75% |
| Peers Return | 44% | -49% | 63% | 17% | -20% | -41% | -33% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| TEAM Win Rate | 67% | 25% | 67% | 33% | 33% | 0% | |
| Peers Win Rate | 57% | 27% | 57% | 62% | 38% | 5% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TEAM Max Drawdown | -13% | -69% | -7% | -42% | -41% | -64% | |
| Peers Max Drawdown | -14% | -56% | -14% | -21% | -31% | -42% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NOW, MSFT, ASAN, GTLB, CRM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | TEAM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -74.6% | -25.4% |
| % Gain to Breakeven | 293.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -21.9% | -33.9% |
| % Gain to Breakeven | 28.1% | 51.3% |
| Time to Breakeven | 45 days | 148 days |
| 2018 Correction | ||
| % Loss | -30.2% | -19.8% |
| % Gain to Breakeven | 43.2% | 24.7% |
| Time to Breakeven | 99 days | 120 days |
Compare to NOW, MSFT, ASAN, GTLB, CRM
In The Past
Atlassian's stock fell -74.6% during the 2022 Inflation Shock from a high on 10/29/2021. A -74.6% loss requires a 293.8% gain to breakeven.
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About Atlassian (TEAM)
AI Analysis | Feedback
The Microsoft 365 for teams focused on project management, collaboration, and software development.
Imagine GitHub for software developers, but expanded to include powerful project management and team collaboration tools for everyone.
The Salesforce for internal team operations, project management, and software development.
AI Analysis | Feedback
- JIRA: A workflow management system enabling teams to plan, track, collaborate, and manage work and projects.
- Jira Service Management: A service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams.
- Jira Align: An enterprise agile planning tool designed for large-scale agile transformations.
- Opsgenie: An incident management tool that centralizes alerts and notifies the right people at the right time.
- Statuspage: A platform used for incident communication, keeping stakeholders informed during service disruptions.
- Confluence: A remote-friendly team workspace for building, organizing, and collaborating on content virtually.
- Trello: A collaboration product that helps teams manage projects, organize tasks, and build team spirit.
- Bitbucket: A code sharing and management platform primarily used by development teams.
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nullAI Analysis | Feedback
- Amazon.com, Inc. (AMZN)
- Alphabet Inc. (GOOGL)
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Mike Cannon-Brookes, CEO & Co-Founder
Mike Cannon-Brookes co-founded Atlassian with Scott Farquhar in 2002, funding the company with credit cards shortly after graduating from university. The company was bootstrapped, relying on organic growth and reinvestment of profits rather than initial venture capital investment. He is also involved in several other business ventures, including a significant investment in the Sun Cable project, which aims to build a solar and battery farm, and holds a minority stake in the NBA's Utah Jazz. Cannon-Brookes serves as an adjunct professor at the University of New South Wales' School of Computer Science and Engineering and is the chairman of Blackbird Ventures, a venture capital firm. He also formed a climate fund called Boundless Earth in 2022. He was recognized as the Australian IT Professional of the Year in 2004 and, alongside Scott Farquhar, as the Australian Entrepreneur of the Year in 2006.
Joe Binz, Chief Financial Officer
Joe Binz joined Atlassian as Chief Financial Officer in September 2022, overseeing the company's Accounting, Finance, Internal Audit, Investor Relations, Tax, and Treasury teams. He brings over 25 years of finance leadership and experience in the technology industry. Prior to joining Atlassian, Binz was Microsoft's Corporate Vice President, Finance, where he was responsible for financial planning and analysis, investor relations, acquisition integration, and procurement functions. His career also includes significant roles at Intel Corporation and KPMG Peat Marwick.
Brian Duffy, Chief Revenue Officer
Brian Duffy will join Atlassian as Chief Revenue Officer, effective January 1, 2025. He has over 20 years of experience in the technology industry. Previously, Duffy spent 18 years at SAP, where his most recent role was President of Cloud. In this role, he launched, built, and scaled the strategic initiative 'RISE with SAP,' transforming it into a multi-billion dollar business within two years by helping customers transition to the cloud. Following his time at SAP, Brian served as CEO of SoftwareOne, where he positioned the company for its next phase of growth. He has extensive international experience from living and working in the United States, Europe, China, and Japan.
Rajeev Rajan, Chief Technology Officer
Rajeev Rajan joined Atlassian as Chief Technology Officer in May 2022. He is responsible for Atlassian Engineering, IT, Security and Trust, and the Engineering Operations teams, focusing on the company's cloud transformation, Developer Platform, and Product lines. Rajan's background includes senior roles at Facebook and Microsoft. He holds advanced degrees in Computer Science.
Anu Bharadwaj, President
Anu Bharadwaj is the President at Atlassian, responsible for overseeing the company's strategic initiatives and ensuring operational excellence. Her key skills encompass product management, strategic planning, and leadership, which contribute to Atlassian's growth and innovation. Bharadwaj has a rich background that includes roles such as Chief Operating Officer and VP of Product at Atlassian, and has held various leadership positions at Microsoft and other tech companies.
AI Analysis | Feedback
Atlassian (TEAM) faces several key risks to its business operations and market position. The most significant risk stems from **intense competition** within the enterprise software market. Atlassian operates in a fiercely competitive landscape, facing formidable rivals such as Microsoft (with Azure DevOps, GitHub, Teams, and SharePoint), GitLab Inc., ServiceNow, and Salesforce (Slack). Microsoft is particularly highlighted as a major competitive threat, leveraging its broad ecosystem and vertical integration to offer comprehensive solutions that can challenge Atlassian's market share in areas like agile project management and DevOps tooling. Competitors like GitLab also offer integrated, end-to-end DevOps platforms, presenting a "toolchain tax" argument against Atlassian's suite model. Another critical risk is **cybersecurity threats and vulnerabilities** affecting its products. Atlassian's core offerings, including Jira, Confluence, and Bitbucket, have been subject to critical security flaws and active exploitation. These vulnerabilities, some with high severity scores, include remote code execution (RCE), privilege escalation, and information disclosure issues. Such exploits can lead to unauthorized access, data breaches, system compromise, and a loss of customer trust. The increasing reliance on cloud applications also introduces risks related to authorization and access-control issues within its cloud services. Finally, the **challenges associated with cloud migration and the discontinuation of server products** represent a key risk. Atlassian has been actively phasing out support for its server products, compelling its large customer base to migrate to either its cloud offerings or Data Center platform. This transition poses an ongoing challenge, as Atlassian must ensure its legacy customers migrate without significant attrition. Delaying this migration can expose customers to increased vulnerabilities due to a lack of security updates and support for unsupported server products. Furthermore, Atlassian is heavily investing in its cloud platform, making new, critical features and advanced tools, including AI and automation capabilities, exclusive to the cloud, which could disadvantage customers remaining on older platforms.AI Analysis | Feedback
The emergence of "Work OS" platforms such as Notion, ClickUp, and Monday.com, which offer highly flexible, all-in-one workspaces capable of consolidating functions traditionally spread across multiple Atlassian products like Confluence (for content and wikis), Trello (for task management), and even some project tracking aspects of Jira for non-technical teams. These platforms often provide a more unified user experience, extensive customization, and increasingly sophisticated AI capabilities, directly challenging Atlassian's strategy of providing distinct, albeit integrated, tools.
The rise of fully integrated DevOps platforms like GitLab, which consolidate the entire software development lifecycle—including source code management (competing with Bitbucket), CI/CD (competing with Bamboo), issue tracking (competing with Jira), and other developer services—into a single application. This unified approach provides a compelling alternative for development teams seeking to simplify and streamline their toolchains, potentially displacing Atlassian's suite of specialized developer tools.
AI Analysis | Feedback
Atlassian (symbol: TEAM) operates within significant addressable markets across its core product offerings. The company estimates its total serviceable addressable market (SAM) to be approximately $67 billion globally, with an anticipated growth rate of 13% annually. This overall market is projected to reach $176 billion by 2025, growing at 11% annually, encompassing software development, service management, and work management categories worldwide. Here's a breakdown of the addressable markets for Atlassian's main products and services: * Jira (Workflow Management, Project Management, Software Development, Enterprise Agile Planning): * The serviceable addressable market for software development is estimated at $17 billion globally, with a 9% annual growth rate. * The global Enterprise Agile Planning (EAP) market was valued at USD 1.58 billion in 2025 and is expected to grow to USD 4.69 billion by 2033. Another estimate projects the global EAP market to be approximately USD 3 billion in 2026, reaching USD 21.34 billion by 2035. * Jira Service Management (IT Service Management - ITSM): * The serviceable addressable market for service management is estimated at $15 billion globally, growing at 13% annually. Atlassian also identifies an additional $9 billion opportunity by expanding its use cases beyond traditional IT teams to areas like HR, legal, and marketing. * The global IT Service Management (ITSM) market was estimated at USD 13.4567 billion in 2024 and is projected to reach USD 29.927 billion by 2030. Other reports indicate the global ITSM market size at USD 13.49 billion in 2024, predicted to grow to approximately USD 51.93 billion by 2034. North America held the largest share of this market, accounting for over 40% in 2024. * Opsgenie and Statuspage (Incident Management and Communication): * These products fall under the broader Incident Management Software market. The global incident management software market was valued at USD 2.5 billion in 2024 and is projected to reach USD 5.93 billion by 2032. Another source estimates the global market at USD 7.215 billion in 2024, growing to USD 15.57883 billion by 2032. * The global Cyber Incident Management Software market was valued at US$ 36.9 billion in 2025 and is expected to reach US$ 131.6 billion by 2032. North America accounts for approximately 40% of the global incident management software market. * Confluence and Trello (Team Collaboration, Work Management, Knowledge Management): * Atlassian's serviceable addressable market for work management is estimated at US$35 billion globally. * The global Team Collaboration Software market was valued at USD 21.5 billion in 2025 and is expected to reach USD 55.0 billion by 2034. Other estimates place the global market at USD 36.1142 billion in 2024, projected to reach USD 57.4038 billion by 2030. North America held the largest share of the team collaboration software market, accounting for over 37% in 2024. * Confluence has a market share of 1.88% in Knowledge Management and 2.01% in productivity software globally. * Bitbucket (Code Sharing and Management, Version Control Systems): * The global Version Control Systems (VCS) market was valued at USD 1.24 billion in 2025 and is projected to grow to USD 5.89 billion by 2034. Other reports estimate the global VCS market at USD 1.03 billion in 2024, reaching USD 2.66 billion by 2030. North America dominates the VCS market, holding over 35% in 2025. * Bitbucket holds approximately 11% of the global market share for hosting services for source code and development projects. It also has an estimated market share of 18.53% in Continuous Integration and Delivery globally.AI Analysis | Feedback
Atlassian (TEAM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Cloud Migration: A significant driver of revenue growth is the ongoing migration of customers from Atlassian's legacy Data Center products to its cloud solutions. This transition has led to raised cloud revenue guidance and continues to show robust momentum. Management has noted strong migration performance and outperformance in cloud revenue, indicating continued customer adoption of cloud solutions.
- Enterprise Customer Expansion: Atlassian is experiencing strong execution from its enterprise sales and partner teams, resulting in a record number of deals exceeding $1 million in annual contract value. The company is focused on increasing its strategic value within existing enterprise accounts and expanding its large customer base, which now exceeds 300,000 customers.
- Artificial Intelligence (AI) Integration and Offerings: Heavy investment in AI and its integration across Atlassian's platform are identified as significant tailwinds for the company. Atlassian has seen rapid adoption of its AI capabilities, with millions of monthly active users, and is delivering new AI-driven innovations like "Rovo" and "Agents in Jira."
- Product-led Growth and Platform Expansion: Atlassian's core strategy of product-led growth and expanding its platform ecosystem, including new product launches and continued development of existing products (Jira, Confluence, Trello, Bitbucket), will contribute to revenue growth. The recently introduced "Teamwork collection" has shown strong momentum and is exceeding expectations.
- International Expansion: The company's international revenue streams, particularly from the EMEA and Asia Pacific regions, are expected to continue growing. These markets contribute a substantial portion to Atlassian's total revenue, with analysts projecting further increases in these segments.
AI Analysis | Feedback
```html1. Share Repurchases
- In October 2025, Atlassian authorized a new share buyback program of up to $2.5 billion, which is set to follow a previous $1.5 billion initiative launched in September 2024.
- The company repurchased $779.439 million in shares in 2025, $395.256 million in 2024, and $150.006 million in 2023.
2. Share Issuance
- Atlassian's shares outstanding have shown slight annual increases, reaching 0.262 billion in 2025 (a 1.02% increase from 2024), 0.259 billion in 2024 (a 1.1% increase from 2023), and 0.256 billion in 2023 (a 1.18% increase from 2022).
- Share-based compensation amounted to $1.9 billion in fiscal year 2025.
4. Outbound Investments
- Atlassian completed the acquisition of DX, an engineering intelligence company, in November 2025 for approximately $1 billion in cash and restricted stock to enhance its AI investments and developer experience insights.
- In December 2025, Atlassian acquired Secoda, a provider of an AI platform for data and analytics solutions.
- The company also acquired The Browser Company for $610 million in October 2025.
5. Capital Expenditures
- Capital expenditures for the trailing twelve months leading up to February 2026 were reported as "negligible" at $52.7 million.
- The primary focus of investments, which includes capital expenditures, has been on enhancing AI capabilities, enterprise sales, cloud platform infrastructure, and overall enterprise-grade capabilities for its System of Work.
Latest Trefis Analyses
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| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 10032025 | TEAM | Atlassian | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -54.6% | -54.6% | -56.7% |
| 11302022 | TEAM | Atlassian | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 37.4% | 45.2% | -8.8% |
| 04302022 | TEAM | Atlassian | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -10.7% | -34.3% | -48.3% |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.08 |
| Mkt Cap | 50.7 |
| Rev LTM | 9,519 |
| Op Inc LTM | 877 |
| FCF LTM | 2,907 |
| FCF 3Y Avg | 2,390 |
| CFO LTM | 3,389 |
| CFO 3Y Avg | 2,825 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.4% |
| Rev Chg 3Y Avg | 18.2% |
| Rev Chg Q | 18.7% |
| QoQ Delta Rev Chg LTM | 4.4% |
| Op Mgn LTM | 5.3% |
| Op Mgn 3Y Avg | 3.6% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 30.2% |
| CFO/Rev 3Y Avg | 30.1% |
| FCF/Rev LTM | 24.3% |
| FCF/Rev 3Y Avg | 26.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 50.7 |
| P/S | 3.6 |
| P/EBIT | 5.1 |
| P/E | 6.9 |
| P/CFO | 14.3 |
| Total Yield | 0.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.2% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -19.4% |
| 3M Rtn | -43.3% |
| 6M Rtn | -54.9% |
| 12M Rtn | -50.9% |
| 3Y Rtn | -26.5% |
| 1M Excs Rtn | -20.0% |
| 3M Excs Rtn | -42.8% |
| 6M Excs Rtn | -57.7% |
| 12M Excs Rtn | -84.3% |
| 3Y Excs Rtn | -95.4% |
Price Behavior
| Market Price | $57.15 | |
| Market Cap ($ Bil) | 15.1 | |
| First Trading Date | 12/10/2015 | |
| Distance from 52W High | -75.1% | |
| 50 Days | 200 Days | |
| DMA Price | $79.34 | $144.37 |
| DMA Trend | down | down |
| Distance from DMA | -28.0% | -60.4% |
| 3M | 1YR | |
| Volatility | 65.1% | 50.1% |
| Downside Capture | 2.08 | 1.23 |
| Upside Capture | -88.68 | 20.78 |
| Correlation (SPY) | 6.9% | 27.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.62 | -0.07 | 0.32 | 0.67 | 1.21 | 1.38 |
| Up Beta | 2.56 | 0.50 | 0.72 | 1.02 | 1.46 | 1.26 |
| Down Beta | -1.28 | -0.78 | -1.64 | 0.04 | 1.05 | 1.67 |
| Up Capture | -162% | -179% | -90% | -26% | 21% | 97% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 16 | 24 | 56 | 115 | 372 |
| Down Capture | 20% | 182% | 259% | 166% | 140% | 110% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 26 | 39 | 70 | 136 | 378 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEAM | |
|---|---|---|---|---|
| TEAM | -70.4% | 52.1% | -2.16 | - |
| Sector ETF (XLK) | 59.7% | 25.3% | 1.80 | 37.1% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 39.9% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | -11.2% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 1.4% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 20.8% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | 13.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEAM | |
|---|---|---|---|---|
| TEAM | -24.4% | 57.7% | -0.25 | - |
| Sector ETF (XLK) | 16.5% | 24.7% | 0.60 | 50.5% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 49.8% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 0.8% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 5.9% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 36.7% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 25.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEAM | |
|---|---|---|---|---|
| TEAM | 8.7% | 49.9% | 0.36 | - |
| Sector ETF (XLK) | 21.7% | 24.3% | 0.82 | 49.8% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 45.0% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 2.5% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 8.4% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 28.6% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 15.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/5/2026 | -3.7% | -12.1% | -16.6% |
| 10/30/2025 | 5.4% | -2.8% | -4.2% |
| 8/7/2025 | -1.7% | -3.9% | 1.0% |
| 5/1/2025 | -9.0% | -9.1% | -10.2% |
| 1/30/2025 | 14.9% | 19.5% | 2.7% |
| 10/31/2024 | 19.0% | 24.1% | 41.0% |
| 8/1/2024 | -17.1% | -19.9% | -4.4% |
| 4/25/2024 | -9.6% | -7.5% | -14.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 4 | 6 |
| # Negative | 9 | 10 | 8 |
| Median Positive | 14.9% | 17.9% | 13.8% |
| Median Negative | -9.0% | -8.3% | -11.0% |
| Max Positive | 19.0% | 24.1% | 41.0% |
| Max Negative | -17.1% | -19.9% | -18.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-K |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-K |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/18/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 20-F |
| 03/31/2022 | 04/29/2022 | 6-K |
Recent Forward Guidance [BETA]
Latest: Q2 2026 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 1.69 Bil | 1.69 Bil | 1.70 Bil | ||||
| Q3 2026 Cloud Revenue Growth | 23.0% | ||||||
| Q3 2026 Data Center Revenue Growth | 33.5% | ||||||
| Q3 2026 Marketplace and other revenue growth | 5.0% | ||||||
| Q3 2026 Gross Margin (GAAP) | 85.5% | ||||||
| Q3 2026 Gross Margin (Non-GAAP) | 88.0% | ||||||
| Q3 2026 Operating Margin (GAAP) | 0.0% | ||||||
| Q3 2026 Operating Margin (Non-GAAP) | 27.5% | ||||||
| 2026 Revenue Growth | 22.0% | 5.8% | Raised | Guidance: 20.8% for 2026 | |||
| 2026 Cloud Revenue Growth | 24.3% | 8.0% | Raised | Guidance: 22.5% for 2026 | |||
| 2026 Data Center Revenue Growth | 20.0% | 0.0% | Affirmed | Guidance: 20.0% for 2026 | |||
| 2026 Marketplace and other revenue growth | 6.0% | 20.0% | Raised | Guidance: 5.0% for 2026 | |||
| 2026 Gross Margin (GAAP) | 84.0% | ||||||
| 2026 Gross Margin (Non-GAAP) | 87.0% | ||||||
| 2026 Operating Margin (GAAP) | -3.0% | ||||||
| 2026 Operating Margin (Non-GAAP) | 25.5% | ||||||
Prior: Q1 2026 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Total Revenue | 1.53 Bil | 1.54 Bil | 1.54 Bil | 10.0% | Raised | Guidance: 1.40 Bil for Q1 2026 | |
| Q2 2026 Cloud Revenue Growth | 22.5% | 0 | 0 | Affirmed | Guidance: 22.5% for Q1 2026 | ||
| Q2 2026 Data Center Revenue Growth | 17.0% | 112.5% | 9.0% | Raised | Guidance: 8.0% for Q1 2026 | ||
| Q2 2026 Marketplace and other revenue growth | 2.0% | -82.6% | -9.5% | Lowered | Guidance: 11.5% for Q1 2026 | ||
| 2026 Total Revenue Growth | 20.8% | 15.6% | 2.8% | Raised | Guidance: 18.0% for 2026 | ||
| 2026 Cloud Revenue Growth | 22.5% | 7.1% | 1.5% | Raised | Guidance: 21.0% for 2026 | ||
| 2026 Data Center Revenue Growth | 20.0% | 60.0% | 7.5% | Raised | Guidance: 12.5% for 2026 | ||
| 2026 Marketplace and other revenue growth | 5.0% | -50.0% | -5.0% | Lowered | Guidance: 10.0% for 2026 | ||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1072026 | 158.62 | 7,665 | 1,215,818 | 70,517,444 | Form |
| 2 | Farquhar, Scott | See Footnote | Sell | 1072026 | 158.62 | 7,665 | 1,215,818 | 70,517,469 | Form | |
| 3 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1062026 | 154.20 | 7,665 | 1,181,969 | 69,736,152 | Form |
| 4 | Farquhar, Scott | See Footnote | Sell | 1062026 | 154.20 | 7,665 | 1,181,970 | 69,736,237 | Form | |
| 5 | Cannon-Brookes, Michael | CEO, Co-Founder | See Footnote | Sell | 1052026 | 156.15 | 7,665 | 1,196,859 | 71,811,555 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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