Atlassian Corporation Class A Common Stock (TEAM)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Atlassian as a Graham-Buffett investor: I want a durable business, conservative accounting, and a price that leaves room for error. Atlassian’s collaboration tools—Jira, Confluence, and the broader cloud platform—are embedded in how teams work, which can create switching costs. Revenue grew from $4.4B in fiscal 2024 to $5.2B in fiscal 2025 to $6.6B in fiscal 2026. That top-line momentum is real, and trailing free cash flow is $1.3B. But the bottom line is still negative: net income was -$300.5M in fiscal 2024, -$256.7M in fiscal 2025, and -$53.8M in fiscal 2026. In fiscal Q3 2026, the quarter ended 2026-03-31, the net loss was -$98.4M versus -$70.8M in fiscal Q3 2025, so profitability is not yet steady. At the 2026-10-13 close of $208.04, FairStock calculations show a negative P/E, a P/B of 49.77, EV/EBITDA of 255.96, and an FCF yield of just 2.4% against a $54.3B market cap. Those are not value prices; they require extraordinary future profits. The accounting signals are better: Piotroski F-Score is 8/9, Altman Z-Score is 5.31, and D/E is 1.16. Yet ROE is -4.48%, ROCE is 3.04%, and the FairStock Score is 29/100. Because Atlassian has lost money in each of the last four years, the computed Lynch category is none. I would want a much lower price or clear evidence of durable profits before calling this a bargain.

In plain English: Atlassian makes team collaboration software, including Jira and Confluence. Sales are growing quickly, but the company has lost money in each of the last four years. At $208.04, the price looks expensive compared with its profits and cash flow, though the business has some positive financial signs.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer