Profit isn't necessarily the most meaningful way to evaluate a company (n.b. Amazon). Usually for growth stage companies, YoY revenue growth is more important.

Profit isn't necessarily the most meaningful way to evaluate a company (n.b. Amazon). Usually for growth stage companies, YoY revenue growth is more important. I don't know what Atlassian's revenue numbers actually are, but I'd have to imagine they've been growing significantly in order for them to try to command such a valuation.