---
schema_version: "secwatch.filing_event.v1"
accession: "0001650372-22-000075"
form_type: "8-K"
ticker: "TEAM"
cik: "0001650372"
company_name: "Atlassian Corp"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:18:32.488952+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Atlassian Q1 FY23 revenue $807M, up 31% YoY; cuts FY23 outlook citing macro headwinds

## Summary
- Revenue $807.4M (+31% YoY); subscription revenue $651M (+50% YoY).
- GAAP operating margin -4%; non-GAAP operating margin 18%; non-GAAP EPS $0.36.
- Free cash flow $75.9M (9% margin); cash & short-term investments $1.5B.
- Macro headwinds: slowing free-to-paid conversions and paid user growth from existing customers.
- FY23 revenue outlook reduced; mid-teens operating margin maintained; line of sight to $10B annual revenue.

## SEC filing metadata
- accession: 0001650372-22-000075
- form_type: 8-K
- ticker: TEAM
- cik: 0001650372
- company_name: Atlassian Corp
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650372/000165037222000075/0001650372-22-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650372/000165037222000075/team-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650372-22-000075
- JSON: https://secwatch.observer/filing/0001650372-22-000075.json
- Plain text: https://secwatch.observer/filing/0001650372-22-000075.txt

## Key facts
- Earnings Releases
  Atlassian Corp reported financial results for first quarter of fiscal year 2023 ended September 30, 2022.
  - Period: first quarter of fiscal year 2023 ended September 30, 2022
  - Result: reported results
  source text: shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Atlassian Announces First Quarter Fiscal Year 2023 Results Quarterly revenue of $807 million, up 31% year-over-year Quarterly subscription revenue of $651 million, up 50% year-over-year Quarterly GAAP operating margin of (4)% and non-GAAP operating margin of 18%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037222000075/0001650372-22-000075-index.htm
- Earnings Releases
  Atlassian Corp reported financial results for first quarter of fiscal year 2023 ended September 30, 2022.
  - Period: first quarter of fiscal year 2023 ended September 30, 2022
  - Result: reported results
  source text: Net loss was $13.7 million for the first quarter of fiscal year 2023, compared with a net loss of $411.2 million for the first quarter of fiscal year 2022. Net loss per diluted share was $0.05 for the first quarter of fiscal year 2023, compared with a net loss per diluted share of $1.63, for the first quarter of fiscal year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037222000075/0001650372-22-000075-index.htm
- Earnings Releases
  Atlassian Corp reported first quarter of fiscal year 2023 ended September 30, 2022 results: revenue $807.4 million.
  - Period: first quarter of fiscal year 2023 ended September 30, 2022
  - Revenue: $807.4 million
  - Result: preliminary results
  source text: Total revenue was $807.4 million for the first quarter of fiscal year 2023, up 31% from $614.0 million for the first quarter of fiscal year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037222000075/0001650372-22-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.