Atlassian (TEAM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Atlassian

NasdaqGS•Technology•Software - Application

$193.23+0.70(<0.01%)Market open

Market Cap

$48.86B

P/S

7.4x

P/B

46.2x

Atlassian Corporation provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide. The company's product portfolio includes Jira, Confluence, Loom, Jira Service Management, Rovo, Bitbucket, Compass, Jira Product Discovery, Focus, Talent, Trello, and Guard. It also offers Collections, a curated sets of apps and agents built on the Atlassian cloud platform and designed to solve cross-functional customer workflows, including teamwork, service, strategy, software, and product collections. The company was founded in 2002 and is headquartered in Sydney, Australia.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Growth (21/25); weakest: Cash & Earnings Quality (10/25).

Profitability16/25

Growth21/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality10/25

Strengths

Growing revenueLong cash runwayConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 7.4x5y range 2.8x – 15.8x

Currently below its 13-quarter median.

P/B · 46.2x5y range 19.9x – 112.7x

Currently near its 16-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -5.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $48.86B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.57B
Q. Revenue: $1.77B
TTM EBITDA: $151.02M
TTM Op. Income: $10.36M
Q. Op. Income: $210.72M
TTM Net Income: $-53.83M
Q. Net Income: $139.08M
EPS: $0.55
Shares Out.: $252.87M

$6.57B in TTM revenue grew 26.0% YoY, reaching $1.77B last quarter. TTM EBITDA of $151.02M and TTM operating income of $10.36M show growth is flowing through to the bottom line. However, net income is negative at $53.83M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 86.5%
EBITDA Margin: 14.2%
Op. Margin: 11.9%
Net Margin: 7.9%

Op. margin of 11.9% is up 14.0% YoY — cost efficiency is improving. Net margin at 7.9% and gross margin of 86.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 680% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 7.4x
P/B Ratio: 46.2x

P/S of 7.4x and P/B of 46.2x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.10B
Cash: $1.24B
Long-Term Debt: $989.56M
Book Value: $1.06B
D/E Ratio: 0.9
Debt/EBITDA: 4.0

With $6.10B in assets and $989.56M in long-term debt, D/E is 0.9and book value is $1.06B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 27% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $479.14M
TTM Free Cash Flow: $1.32B
FCF Margin: 20.1%
FCF / Net Income: -24.5

TTM FCF of $1.32B on $479.14M in operating cash flow. The FCF / Net Income ratio of -24.5x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 7% — an improving trend.