Quarterly ResultMay 1, 2026, 04:14 PM
Atlassian Acquires Browser Company for $488.3M; Q3 Revenue Up 31.7%
AI Summary
Atlassian Corporation reported strong revenue growth for the third quarter of fiscal year 2026, with total revenues increasing 31.7% year-over-year to $1.79 billion. However, the company's net loss widened to $98.4 million for the quarter. For the nine-month period, net loss improved to $192.9 million. The company also completed the acquisition of The Browser Company of New York Inc. for $488.3 million and engaged in significant Class A Common Stock repurchases totaling $1.44 billion, leading to a substantial decrease in cash and cash equivalents.
Key Highlights
- Acquired The Browser Company of New York Inc. for $488.3 million in October 2025.
- Total revenues for Q3 2026 increased 31.7% to $1.79 billion from $1.36 billion YoY.
- Net loss for Q3 2026 increased to $98.4 million ($0.38 per share) from $70.8 million ($0.27 per share) YoY.
- Net loss for the nine months ended March 31, 2026, improved to $192.9 million from $232.8 million YoY.
- Repurchased Class A Common Stock totaling $1.44 billion for the nine months ended March 31, 2026.
- Cash and cash equivalents decreased to $1.14 billion as of March 31, 2026, from $2.51 billion as of June 30, 2025.
- Goodwill increased to $2.30 billion as of March 31, 2026, from $1.30 billion as of June 30, 2025.
- Recorded a $17.6 million impairment charge for leasehold improvements due to restructuring efforts in Q3 2026.