Atlassian Q2 FY25: Revenue $1.29B (+21%), sub rev $1.21B (+30%), non-GAAP EPS $0.96

Atlassian Corp

2025-Q2 EPS reported -$0.62 vs consensus $0.87 ▼ miss (-171.0%)

Revenue $1.286B (+21% YoY); subscription revenue $1.213B (+30% YoY).
GAAP net loss $38.2M ($0.15 loss per share); non-GAAP net income $255.6M ($0.96 per share).
Non-GAAP operating margin 26% (up 2pp YoY); free cash flow $343M (27% margin).
Record number of deals >$1M ACV; enterprise momentum with Fortune 500 customers.
AI platform: 1M monthly active users, 25x YoY growth in AI interactions.

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