Samsara Inc. Files Q3 FY25 10-Q Report

TL;DR

Samsara dropped its Q3 FY25 10-Q. Check financials.

AI Summary

Samsara Inc. filed its 10-Q for the period ending November 2, 2024. The company reported its financial results for the third quarter of fiscal year 2025. Key financial data and operational details are presented in this filing, which is standard for public companies to disclose quarterly performance.

Why It Matters

This filing provides investors with an update on Samsara's financial health and operational performance, crucial for understanding the company's trajectory in the IoT solutions market.

Risk Assessment

Risk Level: medium — As a public company filing a quarterly report, the inherent risks are related to market performance and financial disclosures.

Key Numbers

• FY25 — Fiscal Year (The report covers the third quarter of fiscal year 2025.)

Key Players & Entities

• Samsara Inc. (company) — Filer of the 10-Q
• 2024-11-02 (date) — End of the reporting period
• 2024-12-10 (date) — Date of filing
• San Francisco, CA (location) — Company headquarters and mailing address

FAQ

Key Financial Figures

• $0.0001 — which registered Class A Common Stock, $0.0001 par value per share IOT The New York St

Filing Documents

• iot-20241102.htm (10-Q) — 1285KB
• samsaraex-311peoxq32025.htm (EX-31.1) — 11KB
• samsaraex-312pfoxq32025.htm (EX-31.2) — 11KB
• samsaraex-321peoxq32025.htm (EX-32.1) — 5KB
• samsaraex-322pfoxq32025.htm (EX-32.2) — 5KB
• 0001642896-24-000076.txt ( ) — 7006KB
• iot-20241102.xsd (EX-101.SCH) — 41KB
• iot-20241102_cal.xml (EX-101.CAL) — 67KB
• iot-20241102_def.xml (EX-101.DEF) — 220KB
• iot-20241102_lab.xml (EX-101.LAB) — 574KB
• iot-20241102_pre.xml (EX-101.PRE) — 413KB
• iot-20241102_htm.xml (XML) — 1091KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 4 Condensed Consolidated Balance Sheets as of November 2 , 2024 and February 3, 2024 4 Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended November 2 , 2024 and October 28 , 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended November 2, 2024 and October 28, 2023 6 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended November 2, 2024 and October 28, 2023 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 34

—OTHER INFORMATION

PART II—OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 35 Item 6. Exhibits 37

SIGNATURES

SIGNATURES 38 1 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "goal," "intend," "may," "objective," "ongoing," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would," or the negative of these terms or other comparable expressions that concern our expectations, strategies, plans, or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about: our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses, other key business metrics and non-GAAP financial measures, our ability to determine reserves, and our ability to achieve and maintain future profitability; the sufficiency of our cash, cash equivalents, and investments to meet our liquidity needs; our expectations regarding future dividend payments or issuances of additional capital stock; our ability to develop new products, features, integrations, and enhancements for our Connected Operations Cloud (our "solution"); our ability to compete with existing and new competitors in existing and new markets and offerings; our ability to attract, retain, and expand our relationships with customers; our and our customers' expectations regarding the benefits of our solution; our ability to successfully acquire and integrate companies and assets; our ability to maintain the security and availab

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) SAMSARA INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) (Unaudited) As of November 2, 2024 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 160,348 $ 135,536 Short-term investments 511,564 412,126 Accounts receivable, net 178,723 161,829 Inventories 39,366 22,238 Connected device costs, current 115,093 104,008 Prepaid expenses and other current assets 34,321 51,221 Total current assets 1,039,415 886,958 Restricted cash 20,241 19,202 Long-term investments 241,131 276,166 Property and equipment, net 56,418 54,969 Operating lease right-of-use assets 69,215 81,974 Connected device costs, non-current 234,825 230,782 Deferred commissions 196,013 177,562 Other assets, non-current 6,610 7,232 Total assets $ 1,863,868 $ 1,734,845 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 31,522 $ 46,281 Accrued expenses and other current liabilities 63,028 61,437 Accrued compensation and benefits 36,013 37,068 Deferred revenue, current 505,557 426,369 Operating lease liabilities, current 18,000 20,661 Total current liabilities 654,120 591,816 Deferred revenue, non-current 134,165 139,117 Operating lease liabilities, non-current 67,954 78,830 Other liabilities, non-current 8,494 9,935 Total liabilities 864,733 819,698 Commitments and contingencies (Note 9) Stockholders' equity: Preferred stock, $ 0.0001 par value— 400,000,000 shares authorized as of November 2, 2024 and February 3, 2024; zero shares issued and outstanding as of November 2, 2024 and February 3, 2024 — — Class A common stock, $ 0.0001 par value— 4,000,000,000 shares authorized as of November 2, 2024 and February 3, 2024; 268,848,415 and 200,989,931 shares issued and outstanding as of November 2, 2024 and February 3, 2024, respectively 11 9 Class B common stock, $ 0.0001 par value— 600,000,000 shares authorized as of November 2, 2024 and February 3, 2024; 292,349

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View this 10-Q filing on SEC EDGAR