Atlassian Corporation Plc Due Diligence

Run due diligence on Atlassian Corporation Plc: check compliance and get alerts when suppliers or ownership change.

Australia · owned by Independent (Australia) · atlassian.com · 43 vendors

Atlassian is a global software company that builds collaboration software for software, IT and business teams. The company develops AI-powered team collaboration tools including Jira, Confluence, Jira Service Management, and Loom to help teams work better together.

Resilience scores

Technology vendors

Services catalogue

28 services in catalogue across 9 categories; runs on 43 sub-vendors.

Insights

Last updated 2026-09-13 · revision 8

43 direct vendors, 288 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

11 in-scope frameworks identified; showing 3.

CPRA — Evidence found

Atlassian conducts significant business in California and processes the personal information of California residents, making it subject to the California Consumer Privacy Act (CCPA) as amended by the California Privacy Rights Act (CPRA).

Evidence: https://us.seibert.group/blog/security-in-atlassian-cloud-ensuring-robust-data-protection, https://blog.isostech.com/is-atlassian-cloud-secure-addressing-common-security-questions-for-it-leaders, https://www.atlassian.com/trust/compliance/resources/ccpa, https://www.atlassian.com/trust/privacy/country, https://www.atlassian.com/trust/compliance/resources/fedramp, https://www.atlassian.com/trust/compliance/common-controls-framework

SOC 2 (source) — Evidence found

As a major provider of cloud-based software, particularly for enterprise customers, a SOC 2 report is a standard requirement to provide assurance about the security, availability, and confidentiality of the services.

EU AI Act (source) — No public evidence

Atlassian is increasingly integrating AI features into its products, such as Atlassian Intelligence. The EU AI Act will apply to providers of AI systems that are placed on the market or put into service in the EU.

Financials

Three-year financials

Financial Resilience Score: 8/10

Atlassian demonstrates strong financial resilience despite persistent GAAP operating losses. The company generates exceptional free cash flow of approximately $1.4B+ annually, driven by upfront annual/multi-year billings and a low-cost, product-led sales motion. With over 300,000 paying customers and no single customer representing more than 10% of revenue, the customer base is highly diversified, and more than 85% of revenue is recurring subscription revenue providing high visibility. The balance sheet is cash-rich, historically holding $2-2.5B in cash and marketable securities against approximately $1B in convertible debt, resulting in significant net cash. Non-GAAP operating margins are in the low- to mid-20% range and gross margins are 82-84%, typical of best-in-class infrastructure SaaS. GAAP losses are largely a function of heavy stock-based compensation (~25-30% of revenue), which is offset by aggressive buybacks that have driven stockholders' equity negative—a cosmetic rather than solvency concern. Growth has moderated from 34%+ several years ago to approximately 20% today, but Atlassian remains a rare $5B+ SaaS company still growing at that pace, having compounded revenue at ~30% CAGR over a decade. Competitive pressure from Microsoft, Notion, Linear, ServiceNow, and Monday.com, along with AI disruption risk, are the main headwinds, but Atlassian is investing heavily in Rovo (AI) to defend its position.

Key strengths: Very strong recurring subscription revenue (>85% of total), Best-in-class free cash flow generation (~$1.4B+ annually), 300,000+ diversified paying customers with no >10% concentration, Cash-rich balance sheet (~$2-2.5B cash vs ~$1B convertible debt), High gross margin (~82-84% non-GAAP), Sticky products deeply embedded in engineering workflows, Strong non-GAAP operating margins in low- to mid-20% range, ~30% revenue CAGR over a decade

Risk factors: Persistent GAAP unprofitability driven by $1.2-1.4B annual SBC, Negative shareholders' equity due to aggressive buybacks, Slowing growth trajectory (from 34%+ to ~20%, guiding high-teens for FY2026), Competitive AI pressure from Microsoft, Notion, Linear, ServiceNow, Monday.com, Founder key-person concentration via Class B super-voting shares, Macro-sensitivity in SMB/mid-market seat expansion and IT hiring cycles, Server product end-of-life migration disruption (largely played out)

Revenue by geography

Revenue by product/service

Workforce by country

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