Atlassian Corporation
TEAM 6.5Price and target zones价格与目标区间
What the company does公司做什么
Atlassian makes the tools software teams use to plan and track their work. Its main products are Jira, for tracking tasks and projects, and Confluence, for team documents. Most software teams use at least one.Atlassian 制造软件团队用来规划和跟踪工作的工具。它的主打产品是 Jira（用于跟踪任务和项目）和 Confluence（用于团队文档）。大多数软件团队至少会用到其中一个。
Earns from营收来源 subscriptions. In FY2025, 95% of the $5.2 billion revenue was subscription.订阅。2025财年，52亿美元收入中有95%来自订阅。
Read the full description查看完整介绍
Atlassian Corporation provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide. Its product portfolio includes Jira, a project management platform for planning, tracking, and managing work; Confluence, a connected workspace to create, organize, and share team knowledge, documents, and collaboration content; Loom, an asynchronous video communication tool to record and share videos; Jira Service Management, an intuitive service management solution for IT, HR, and other teams; and Rovo, an AI offering that assists teams with its Search, Chat and Agent capabilities. The company also offers Bitbucket, a git-based source code management platform for professional development teams; Compass, a developer portal that provides a unified view of engineering components; Jira Product Discovery, a tool to capture, prioritize, and roadmap product ideas; Jira Align, an enterprise agility solution that connects business and technology teams to align strategy with execution; Focus, a strategy hub for leadership teams; and Talent, a workforce planning app. In addition, it provides Trello, an AI-powered personal productivity tool; and Guard, an app for detecting and responding to security threats. The company has a strategic collaboration with Mattermost, Inc. for the development of Mattermost Docs, a sovereign, self-hosted successor to Confluence for defense, intelligence, and critical infrastructure organizations. The company was founded in 2002 and is headquartered in Sydney, Australia.
What the company sells公司卖什么
The cloud versions of its tools.其工具的云端版本。
- Jira
- Plans and tracks project and software work.规划和跟踪项目及软件工作。
- Confluence
- A shared workspace for team documents and knowledge.供团队存放文档和知识的共享工作区。
- Jira Service Management
- An IT and service help desk.IT 和服务台。
Plus:此外： Marketplace and other应用市场及其他 (6%) — Third-party add-ons and older on-site licences第三方插件和较旧的本地部署授权.
Company facts公司资料
- Founded成立时间
- 2002
- Headquarters总部
- Sydney, Australia
- Employees员工人数
- 13,813
- Industry行业
- Software - Application
- Country国家
- Australia
Investment thesis投资逻辑 from the watchlist来自关注列表
SBC consumes 96% of FCF — thesis intact, not cheap on true economics. Add <$68 only if guidance holds.
股权激励（SBC）吞掉了自由现金流的 96% —— 投资论点依然成立，但按真实经济效益看并不便宜。只有在指引站得住时才在 <$68 加仓。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- -19%
- Revenue growth营收增长
- +32%
Competitors竞争对手
Why customers stay客户为什么留下
Teams build their custom workflows and third-party add-ons on Jira and Confluence, which makes switching costly, and the add-on marketplace deepens the lock-in. Note: stock-based pay is very high — almost all of free cash flow — so the headline cash flow overstates the value reaching existing shareholders.各团队把自己定制的工作流程和第三方插件都搭建在 Jira 和 Confluence 上，这让更换的代价很高，而插件市场又进一步加深了这种绑定。要注意：它的股权激励支出非常高——几乎相当于全部自由现金流——所以表面上的现金流高估了真正落到现有股东手里的价值。
Recent news近期新闻 last 7 days近7天
- Is Atlassian (TEAM) A Bargain As Revenue Growth And Margins Draw Fresh Attention?Simply Wall St.
- Can Atlassian’s (TEAM) AI Push and GAAP Profit Target Reframe Its Long-Term Investment Story?Simply Wall St.
- Redditors Think Wall Street is Wrong About Atlassian (TEAM)Insider Monkey
- Atlassian, ServiceNow, and Samsara Shares Are Soaring, What You Need To KnowStockStory
- Atlassian’s (TEAM) Strategic Position in the AI LandscapeInsider Monkey
- Atlassian’s AI Pivot Is Starting to Challenge Wall Street’s Bear CaseMarketBeat