Atlassian Revenue and Growth Statistics (2024)

Atlassian Interesting Key Facts

• Mike Cannon-Brookes and Scott Farquhar founded Atlassian in 2002.
• The two started the company through bootstrapping and apparently held a credit card debt of $10,000.
• The name Atlassian came from Greek mythology’s Atlas, a titan punished by the Greek gods to hold up the heavens through eternity.
• The company had based their logo on the titan as an x-shaped human-like figure holding what appears to be the bottom of the heavens.
• In September 2017, the company rebranded and changed their logo, which has three different meanings depending on the looker’s perspective. It could be two hands doing a high five, a mountain that is ready to be scaled together, or the letter A being held by its two pillars. All of these indicate teamwork which Atlassian highly promotes.
• Atlassian released Jira in 2002, an issue and project tracker.
• Confluence. a team collaboration platform, was released in 2004
• In 2012, Atlassian’s products were used by NASA’s Jet Propulsion Laboratory where they build software used for modeling data sent from Mars rovers and satellites as well as planning for flight missions.
• On December 10, 2015, Atlassian went public and was listed on NASDAQ as TEAM.
• In January 2017, Atlassian bought Trello, another management platform, for $425 million.
• In 2017, Atlassian launched Stride to compete with Slack. Later that year, Slack bought Stride and HipChat from Atlassian.
• Both Stride and HipChat were closed in 2019.
• On the 4th of September 2018, Atlassian acquired OpsGenie, an incident response and alerting tool.
• 83% of Fortune 500 companies use Atlassian products.

Sources: Atlassian 1, Atlassian 2, Atlassian 3, Atlassian 4, Atlassian 5, ZD Net

Atlassian Company Overview (About)

Join us and check out some interesting information about Atlassian as a software and as a company. At a glance:

Sources: Atlassian, Google Finance

What is Atlassian’s Revenue?

Atlassian has a revenue of $2.80 billion in 2022, an increase of 34.16% from 2021.

With every new year, Atlassian’s revenue goes higher by a couple of million dollars.

Sources: Google Finance

What is Mike Cannon-Brookes’ net worth?

Forbes claims that Mike Cannon-Brookes has a net worth of $9.2 billion according to their tracker. However, the table that Forbes provided also claims that Mike Cannon-Brookes has a net worth of $15.3 billion as of December 2022.

Looking at Mike Cannon-Brooke’s net worth, you can see how it goes up with each new year. This is obviously expected since Atlassian’s revenue did the same.

Source: Forbes

What is Scott Farquhar’s net worth?

Forbes claims that Scott Farquhar has a net worth of $9.1 billion according to their tracker. However, the table that Forbes provided also claims that Mike Cannon-Brookes has a net worth of $15.1 billion as of December 2022.

Source: Forbes

Atlassian Profit

Atlassian has a negative profit of -$614.12 million in 2022, an increase of 11.80% – a slight improvement of what they had in 2021 which was -$696.32 million.

Unfortunately for Atlassian, the company has not been profitable ever since 2018. The company always had a loss of at least $100 million.

Source: Google Finance

Atlassian Operating Expenses

Atlassian has an average operating expense of $1.44 billion from 2018 to 2022. Also, the company has $2.44 billion in operating expenses in 2021.

Source: Google Finance

Atlassian Funding History

Atlassian has raised a total of $210 million over 2 funding rounds with the last funding in 2014.

So far, we know that Atlassian has only had two fundings: one in 2010, and the most recent one in 2014.

In total, Atlassian had 4 investors within two fundings in the course of 4 years.

Source: Crunchbase

Atlassian Investments

Atlassian has made a total of 10 investments where in the company is the lead investor in 3 of them. Their most recent investment was on August 2, 2022, in a funding round for Spinach.io with $1.8 million money raised.

Source: Crunchbase

Atlassian Acquisitions

Atlassian has a total of 18 acquisitions. Their latest acquisition was Percept.ai in January 2022. Let’s have a look on their latest acquisitions.

Source: Crunchbase

Who invested in Atlassian?

The two lead investors in Atlassian are T. Rowe Price and Accel.

Below you can see a list of all the investors in Atlassian:

Source: Crunchbase

How does Atlassian make money?

Atlassian makes money by selling different products on their platform. Most of their products can be accessed through subscription payments with different prices per plan.

Their most popular products are Jira Software, Confluence, BitBucket, and HipChat. Paid subscription prices range from $10 to as high as $1,500 per month.

Source: Atlassian

How much is Atlassian worth?

As of December 2022, Atlassian has a market cap of $35.09 billion with an average volume of 3.48 million. Atlassian’s market cap in 2022 decreased by -63.69% on year-over-year change.

The highest increase of Atlassian’s worth was in 2018, when the market cap went 103.53% higher than in 2017, as it reached $21.31 billion in 2018.

Source: Google Finance, Companies Market Cap

How many apps are there on the Atlassian Marketplace?

The Atlassian Market Place was launched back in 2012 and only began with 60 apps for sale from a few innovative MarketPlace Partners. As of December 2021:

• Marketplace Partners had $2 billion in lifetime sales
• with over 5,300 apps and integrations
• from more than 1,250 Marketplace Partners
• and more than 28,000 apps customer install per week!

Source: Atlassian

Atlassian Marketplace: Sales Revenue

Atlassian has a cumulative sales of $500 million in 2021.

Note how 2021’s cumulative sales match 2018’s number, at $500 million.

It’s also worth to point out how between 2019 and 2020, Atlassian Marketplace’s sales revenue went up by $100 million.

Sources: Atlassian 1, Atlassian 2, Atlassian 3, Atlassian 4

How many people work at Atlassian?

In 2022, Atlassian had a total of more than 8,800 employees, an addition of more than 2,400 employees from the prior year.

At Atlassian, every new year means at laest a few hundred people joining th company. Ever since 2019, it means at least 1,000 new employees for Atlassian.

Source: Statista, Atlassian

How many customers does Atlassian have?

As of 2022, there are over 242,600 customers that are using Atlassian products – an increase of around 42,600 new customers from 2021.

In 2016, there were 60,900 employees at Atlassian. Fast-forward to 2020, there are now 242,600 customers at the company.

Source: Atlassian 1, Atlassian 2, Atlassian 3, Atlassian 4

How many Atlassian community members are there?

In 2022, there are more than 4.4 million community members in Atlassian, an additional 500,000 new community members since 2021.

Sources: Atlassian 1, Atlassian 2, Atlassian 3

How many people visit the Atlassian Community?

Together with Atlassian’s community members, there are other people who visited Atlassian either for interest, business, or just plain curiosity.

There were 17.6 million visitors in 2021, a decrease of 3.4 million from its prior year.

Sources: Atlassian 1, Atlassian 2

Atlassian Visitors Age Distribution

Most of Atlassian’s visitors are ages 25-34 with 38.19% of the visitors.

The table below shows us an estimation of the age distribution based on the web traffic that goes in and out of Atlassian.

Source: Similarweb

Atlassian Visitors Gender Distribution

As of December 2022, 70.02% of Atlassian visitors are male while the rest are female.

Source: Similarweb

Most popular training videos by theme in Atlassian

The most popular theme in Atlassian is Jira Basics with 67% of the total number of views from a total of 4.4 million views in 2021.

Source: Atlassian

Views by content type in Atlassian community

Aside from Atlassian’s products, the company’s community is also active. Exchanges of questions and answers among Atlassian users make their products, like Jira and Confluence, much more easier to use.

The Atlassian community can be divided into three types: Articles, Discussions, and Groups. Let’s have a look at how many views each content type had in 2021.

Furthermore, there were

• a total number of 4.4 million views.
• with 1.6k articles
• 5.7k discussions
• and 1.3k group posts

Source: Atlassian

Atlassian Products

As of December 2022, Atlassian has 27 products. Most of the company’s revenue comes from subscriptions of these products as such it is just a good thing to have a general look at what these products are.

Some of the Atlassian products that you might be familiar with are Jira, Confluence, Trello, and more.

Source: Atlassian

What is Atlassian’s customer retention rate?

Atlassian has a customer retention rate of 98%. Multiple sources believe that this retention rate is part of Atlassian’s success in their market capitalization.

Source: My Wall Street, Seeking Alpha

Who uses Jira?

More than 65,000 companies rely on Jira software alone. Also, this product is used with teams of 2 through 2000 in companies of all sizes.

Source: Atlassian

What are some of the largest customers that are using Jira?

Jira is Atlassian’s most popular product. With its features and functions suitably appealing to both small and large-scale team management alike, Atlassian’s Jira has attracted the biggest customers in the world. Some of these are:

• NASA
• Audi AG
• Cancer Research UK
• Domino’s
• Carfax
• Hubspot
• Costco
• Dropbox
• Anheuser-busch
• Hitachi
• Arizona University
• VMware
• and many more

Source: Atlassian

Where is Atlassian available (in which countries)?

Atlassian is available in 190 countries. Their products can be accessed in these countries

In 2018, U.S.A. prohibited Atlassian from providing their products and services to organizations or end-users located on these countries and region:

Source: Atlassian Community

Time spent visiting Atlassian

As of December 2022, the average time spent visiting Atlassian is:

• 00:02:44

Source: Similarweb

Top countries that visit Atlassian the most

United States visits Atlassian the most with 18.18% percent of the web traffic coming from the country. In second place is India, with 8.46%.

Source: Similarweb

Jira Cloud Atlassian Mobile App Statistics: Android vs iOS

These are the key stats and key info on Jira Cloud Atlassian mobile app on Android as of October 2022:

These are the key stats and key info on Jira Cloud Atlassian mobile app on iOS as of October 2022:

Source:

Atlassian Financials

The following subsections give us detailed information on Atlassian’s financials, from its net profit margin to its free cash flow. The company had its IPO on December 10, 2015.

Source: Google Finance, The Fool

Atlassian Net Profit margin

Atlassian has a net profit margin of -21.91 with 34.26% increase in 2022.

Source: Google Finance

Atlassian Earnings per Share

In 2022, Atlassian has earnings per share of 1.69, a slight increase from its prior year.

Source: Google Finance

Atlassian EBITDA

In 2022, Atlassian has an EBITDA of negative $77.74 million, which decrease 154 times from the prior year of the same period.

Source: Google Finance

Atlassian Effective Tax Rate

Atlassian has an effective tax rate of -8.78% in 2022.

Source: Google Finance

Atlassian Cash and Short-term Investments

Atlassian has cash and short-term investments of $1.47 billion with an increase of 19.45% in 2022.

Source: Google Finance

Atlassian Total Assets

Atlassian has $3.36 billion of total assets in 2022, an increase of around 900 million since 2018.

Source: Google Finance

Atlassian Total Liabilities

Atlassian has a total liability of $3.03 billion with a 14.16% increase in 2022.

Source: Google Finance

Atlassian Total Equity

As of 2022, Atlassian’s total equity is $335.60 million.

Source: Google Finance

Atlassian Shares Outstanding

Atlassian has shares outstanding of 254.93 million as of 2022.

Source: Google Finance

Atlassian Price-to-Book Ratio

Atlassian’s price to book ratio is 102.81 in 2022.

Source: Google Finance

Atlassian Return on Assets

Atlassian’s return on assets is negative 2.11% in 2022.

Source: Google Finance

Atlassian Return on Capital

Atlassian has a return on capital of -5.21% in 2022.

Source: Google Finance

Atlassian Cash from Operations

Atlassian’s cash from operations has a slight increase of 5.01% from $841.33 million in 2021 to $883.50 million in 2022.

Source: Google Finance

Atlassian Cash from Investing

Atlassian has cash from investing of only $46.85 million in 2022, a large decrease of -81.74% from $256.64 million in 2021.

Source: Google Finance

Atlassian Cash from Financing

Atlassian has cash from financing of -$461.73 million in 2022.

Source: Google Finance

Atlassian Net Change in Cash

Atlassian has a net change in cash of $466.04 million in 2022, almost double what they had in 2021.

Source: Google Finance

Atlassian Free Cash Flow

Atlassian has a free cash flow of $253.75 million in 2022 with an increase of 183.11% from 2021.

Source: Google Finance

Atlassian Traffic Summary Overview

Source: HypeStat

Atlassian Website Traffic Sources

Atlassian gets most of is traffic through direct sources, with 45.38% of the total traffic.

Source: HypeStat

Atlassian Traffic Source: Desktop vs Mobile

• 80.25% of the users visit the website through desktop devices
• 19.75% of the users visit the website through mobile devices

Source: HypeStat