TechCrunch not too long ago dug into Atlassian’s IPO deck, detailing how the corporate prepped the doc and took it on the street. It’s value your time. Read it.
It’s all the time fascinating to dig into an organization’s IPO paperwork and decks after they’ve debuted, as with the good thing about handed time we are able to study rather a lot. This is particularly true within the case of Atlassian, an organization that has seen its share worth multiply since its 2015 public providing; outliers are all the time extra fascinating than pedestrian outcomes, and Atlassian’s IPO-era supplies are fascinating.
In this companion submit we proceed our dive into the agency’s IPO deck, this time parsing the doc from a monetary perspective. Ron acquired the first-person story and the context; right here we’ll dig into the corporate’s reported monetary outcomes, with a concentrate on how well-prepared to develop and revenue the agency appeared on the time of its public providing.
To maintain this entry from skating into long-read territory, we’ll concentrate on three monetary parts of the agency’s deck that stood out as TechCrunch reviewed it: The firm’s historical past of environment friendly progress, its buyer loyalty and its intriguing value construction. Each aspect is expounded to the others, however our three themes will assist us perceive why Atlassian has managed the valuation appreciation that it has since going public.
You might see its later success on the time of its IPO, in the event you knew the place to look.
Before we dig into the specifics, let’s floor ourselves.
Atlassian’s deck detailed a rapidly rising software program enterprise. In its fiscal 2013, the corporate generated $149 million in income. That determine rose to $215 million in 2014, and monetary yr 2015 noticed a complete of $320 million in income.
This income progress was constructed on the again of buyer progress; Atlassian famous in its deck that between its fiscal 2010 and monetary 2015, it grew its buyer base on a 34% compounding annual progress charge. Not unhealthy.
So, we’re inspecting totally different elements of a high-growth software program enterprise. With that, let’s get particular.