Only 'unprofitable' in GAAP terms.It has a very healthy Free Cash Flow margin.
And it still a 7x return from IPO.
All-in-all, a great success story. (Whatever one thinks of Jira the product)
All-in-all, a great success story. (Whatever one thinks of Jira the product)
Free cash flow includes stock based compensation. Thats a real expanse and turns negative cashflow to positive. But it dilutes existing shareholders, you would like to see positive cashflow EXCLUDING stock based compensation
In fact, if an investor went by GAAP, he would have missed the entire massive SaaS boom of the past decade.