- Q3 revenue of $322.0 million, representing 36% year-over-year
growth
- Ending ARR of $1.349 billion, representing 35% year-over-year
growth
- 2,303 customers with ARR over $100,000, up 38%
year-over-year
Samsara Inc. (NYSE: IOT), the pioneer of the Connected
Operations® Cloud, reported financial results for the third quarter
ended November 2, 2024, and released a shareholder letter
accessible from the Samsara investor relations website at
investors.samsara.com.
“We achieved another strong quarter of durable and efficient
growth at a greater scale,” said Sanjit Biswas, CEO and co-founder
of Samsara. “We ended Q3 at $1.35 billion in ARR, growing 35%
year-over-year, and achieved a quarterly record of 10% adjusted
free cash flow margin. As we continue to grow, we are excited about
the innovation we are unlocking with more scale. We now collect
over 10 trillion data points annually in the Samsara platform and
use this data asset to bring AI to physical operations. We believe
AI will play a powerful role in transforming the safety,
efficiency, and sustainability of our customers’ operations.”
Third Quarter Fiscal Year 2025 Financial Highlights
(In millions, except percentage, percentage points, and per
share data)
Q3 FY2025
Q3 FY2024
Y/Y Change
Annual Recurring Revenue (ARR)
$
1,348.9
$
1,002.7
35
%
Total revenue
$
322.0
$
237.5
36
%
GAAP gross profit
$
246.0
$
175.9
$
70.0
GAAP gross margin
76
%
74
%
2 pts
Non-GAAP gross profit
$
249.8
$
179.0
$
70.8
Non-GAAP gross margin
78
%
75
%
2 pts
GAAP operating loss
$
(47.4
)
$
(54.8
)
$
7.4
GAAP operating margin
(15
%)
(23
%)
8 pts
Non-GAAP operating income
$
33.9
$
12.7
$
21.2
Non-GAAP operating margin
11
%
5
%
5 pts
GAAP net loss per share, basic and
diluted
$
(0.07
)
$
(0.08
)
$
0.01
Non-GAAP net income per share, basic
$
0.08
$
0.04
$
0.04
Non-GAAP net income per share, diluted
$
0.07
$
0.04
$
0.03
Net cash provided by operating
activities
$
36.0
$
11.9
$
24.1
Net cash provided by operating activities
margin
11
%
5
%
6 pts
Adjusted free cash flow
$
31.2
$
8.5
$
22.7
Adjusted free cash flow margin
10
%
4
%
6 pts
__________
Note: Numbers are rounded for presentation
purposes.
We report non-GAAP financial measures in addition to, and not as
a substitute for, or superior to, financial measures calculated in
accordance with generally accepted accounting principles (“GAAP”).
See the section titled “Use of Non-GAAP Financial Measures” for an
explanation of non-GAAP financial measures and the tables in the
section titled “Reconciliation Between GAAP and Non-GAAP Financial
Measures” for a reconciliation of GAAP to non-GAAP financial
measures.
Financial Outlook
Our guidance includes GAAP and non-GAAP financial measures. For
the fourth quarter and fiscal year 2025, Samsara expects the
following:
Q4 FY2025 Outlook
FY 2025 Outlook
Total revenue
$334 million – $336 million
$1.237 billion – $1.239
billion
Year/Year revenue growth
21% – 22%
32%
Year/Year adjusted revenue growth (1)
30% – 31%
35%
Non-GAAP operating margin
9%
7%
Non-GAAP net income per share, diluted
$0.07 – $0.08
$0.22 – $0.23
__________
(1)
Q4 FY24 was a 14-week fiscal
quarter instead of a typical 13-week fiscal quarter. To enable
comparability across periods, adjusted revenue and adjusted revenue
growth rate are calculated by multiplying Q4 FY24 revenue by 13/14
to remove the impact of an additional week of revenue recognition
in Q4 FY24.
A reconciliation of non-GAAP guidance financial measures to
corresponding GAAP guidance financial measures is not available on
a forward-looking basis without unreasonable effort due to the
uncertainty and potential variability of expenses, such as
stock-based compensation expense-related charges, that may be
incurred in the future and cannot be reasonably determined or
predicted at this time. It is important to note that these factors
could be material to our results of operations computed in
accordance with GAAP.
About Samsara
Samsara is the pioneer of the Connected Operations® Cloud, which
is a system of record that enables businesses that depend on
physical operations to harness Internet of Things (IoT) data to
develop actionable insights and improve their operations. With tens
of thousands of customers across North America and Europe, Samsara
is a proud technology partner to the people who keep our global
economy running, including the world’s leading organizations across
industries in transportation, construction, wholesale and retail
trade, field services, logistics, utilities and energy, government,
healthcare and education, manufacturing, food and beverage, and
others. The company’s mission is to increase the safety,
efficiency, and sustainability of the operations that power the
global economy.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements may relate to, but are not limited to, expectations of
future operating results or financial performance, the calculation
of certain of our key financial and operating metrics, our market
opportunity, industry developments and trends, customer demand for
our solution, macroeconomic conditions and any expected benefits of
our products, including cost savings and return on investment, our
technological capability, including AI, and our competitive
position, as well as assumptions relating to the foregoing.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified and
could cause actual results and events to differ. In some cases, you
can identify forward-looking statements by terminology such as
“anticipate,” “believe,” “contemplate,” “continue,” “could,”
“estimate,” “expect,” “goal,” “guidance,” “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. You should not put
undue reliance on any forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results and will not necessarily be accurate indications of the
times at, or by, which such performance or results will be
achieved, if at all. Forward-looking statements are based on
information available at the time those statements are made,
including information furnished to us by third parties that we have
not independently verified, and/or management’s good faith beliefs
and assumptions as of that time with respect to future events, and
are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. In light of these
risks and uncertainties, the forward-looking events and
circumstances discussed in this press release may not occur and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.
These risks and uncertainties include our ability to retain
customers and expand the Applications used by our customers, our
ability to attract new customers, our future financial performance,
including trends in revenue and annual recurring revenue, net
retention rate, costs of revenue, gross profit or gross margin,
operating expenses, customer counts, non-GAAP financial measures
(such as adjusted revenue, adjusted revenue growth rate, non-GAAP
gross margin, non-GAAP operating margin, free cash flow margin, and
adjusted free cash flow margin), our ability to achieve or maintain
profitability, the demand for our products or for solutions for
connected operations in general, the impact of the Russia-Ukraine
conflict, geopolitical tensions involving China, the conflict in
the Middle East, the emergence of public health crises, the results
of the recent presidential and congressional elections in the
United States, and macroeconomic conditions globally on our and our
customers’, partners’ and suppliers’ operations and future
financial performance, possible harm caused by silicon component
shortages and other supply chain constraints, the length of our
sales cycles, possible harm caused by a security breach or other
incident affecting our or our customers’ assets or data, our
ability to compete successfully in competitive markets, our ability
to respond to rapid technological changes, and our ability to
continue to innovate and develop new Applications. The
forward-looking statements contained in this press release are also
subject to other risks and uncertainties, including those more
fully described in our filings and reports that we may file from
time to time with the Securities and Exchange Commission, including
our Annual Reports on Form 10-K and Quarterly Reports on Form
10-Q.
Except as required by law, we do not undertake any obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments, or otherwise.
Use of Non-GAAP Financial Measures
This document includes certain non-GAAP financial measures.
Reconciliations of non-GAAP financial measures to our financial
results as determined in accordance with GAAP are included at the
end of this press release following the accompanying financial
data.
Non-GAAP financial measures have limitations as analytical tools
and should not be considered in isolation or as substitutes for
financial information presented under GAAP. There are a number of
limitations related to the use of non-GAAP financial measures
versus comparable financial measures determined under GAAP. For
example, other companies in our industry may calculate these
non-GAAP financial measures differently or may use other measures
to evaluate their performance. In addition, free cash flow and
adjusted free cash flow do not reflect our future contractual
commitments or the total increase or decrease of our cash balance
for a given period. These and other limitations could reduce the
usefulness of these non-GAAP financial measures as analytical
tools. Investors are encouraged to review the related GAAP
financial measures and the reconciliations of these non-GAAP
financial measures to their most directly comparable GAAP financial
measures and to not rely on any single financial measure to
evaluate our business.
We present these non-GAAP financial measures to assist investors
in seeing Samsara’s operating results through the eyes of
management and because we believe that these measures provide an
additional tool for investors to evaluate our business.
Expenses Excluded from Non-GAAP Performance Financial
Measures—Stock-based compensation expense-related charges
include the amortization of deferred stock-based compensation
expense for capitalized software and employer taxes on employee
equity transactions. Stock-based compensation expense-related
charges are excluded because they are primarily a non-cash expense
that management believes is not reflective of our ongoing
operational performance. Employer taxes on employee equity
transactions, which are a cash expense, are excluded because such
taxes are directly tied to the timing and size of employee equity
transactions and the future fair market value of our common stock,
which may vary from period to period independent of the operating
performance of our business.
Lease modification, impairment, and related charges, and legal
settlements are excluded because management believes that such
charges are not reflective of our ongoing operational
performance.
Operating Metrics and Non-GAAP Financial Measures
Annual Recurring Revenue—We define ARR as the annualized value
of subscription contracts that have commenced revenue recognition
as of the measurement date.
Adjusted Revenue and Adjusted Revenue Growth Rate—Q4 FY24 was a
14-week fiscal quarter instead of a typical 13-week fiscal quarter.
To enable comparability across periods, adjusted revenue and
adjusted revenue growth rate are calculated by multiplying Q4 FY24
revenue by 13/14 to remove the impact of an additional week of
revenue recognition in Q4 FY24.
Non-GAAP Gross Profit and Non-GAAP Gross Margin—We define
non-GAAP gross profit as gross profit excluding the effect of
stock-based compensation expense-related charges included in cost
of revenue. Non-GAAP gross margin is defined as non-GAAP gross
profit as a percentage of total revenue. We use non-GAAP gross
profit and non-GAAP gross margin in conjunction with traditional
GAAP measures to evaluate our financial performance. We believe
that non-GAAP gross profit and non-GAAP gross margin provide our
management and investors consistency and comparability with our
past financial performance and facilitate period-to-period
comparisons of operations.
Non-GAAP Income (Loss) from Operations and Non-GAAP Operating
Margin—We define non-GAAP income (loss) from operations, or
non-GAAP operating income (loss), as income (loss) from operations
excluding the effect of stock-based compensation expense-related
charges, lease modification, impairment, and related charges, and
legal settlements. Non-GAAP operating margin is defined as non-GAAP
operating income (loss) as a percentage of total revenue. We use
non-GAAP income (loss) from operations and non-GAAP operating
margin in conjunction with traditional GAAP measures to evaluate
our financial performance. We believe that non-GAAP income (loss)
from operations and non-GAAP operating margin provide our
management and investors consistency and comparability with our
past financial performance and facilitate period-to-period
comparisons of operations.
Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per
Share—We define non-GAAP net income (loss) as net income (loss)
excluding the effect of stock-based compensation expense-related
charges, lease modification, impairment, and related charges, and
legal settlements. Our non-GAAP net income (loss) per share–basic
is calculated by dividing non-GAAP net income (loss) by the
weighted-average number of shares of common stock outstanding
during the period. Our non-GAAP net income per share–diluted is
calculated by giving effect to all potentially dilutive common
stock equivalents (stock options, restricted stock units, and
shares issued under our 2021 Employee Stock Purchase Plan) to the
extent they are dilutive. Non-GAAP net loss per share–diluted is
the same as non-GAAP net loss per share–basic as the inclusion of
all potential dilutive common stock equivalents would be
antidilutive. We use non-GAAP net income (loss) and non-GAAP net
income (loss) per share in conjunction with traditional GAAP
measures to evaluate our financial performance. We believe that
non-GAAP net income (loss) and non-GAAP net income (loss) per share
provide our management and investors consistency and comparability
with our past financial performance and facilitate period-to-period
comparisons of operations.
Free Cash Flow and Free Cash Flow Margin—We define free cash
flow as net cash provided by (used in) operating activities reduced
by cash used for purchases of property and equipment. Free cash
flow margin is calculated as free cash flow as a percentage of
total revenue. We believe that free cash flow and free cash flow
margin, even if negative, are useful in evaluating liquidity and
provide information to management and investors about our ability
to fund future operating needs and strategic initiatives.
Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin—We
define adjusted free cash flow as free cash flow excluding the cash
impact of non-recurring capital expenditures associated with the
build-out of our corporate office facilities in San Francisco,
California, net of tenant allowances, and legal settlements.
Adjusted free cash flow margin is calculated as adjusted free cash
flow as a percentage of total revenue. We believe that adjusted
free cash flow and adjusted free cash flow margin, even if
negative, are useful in evaluating liquidity and provide
information to management and investors about our ability to fund
future operating needs and strategic initiatives by excluding the
impact of non-recurring events.
Webcast Information and Shareholder Letter
An investor presentation and accompanying shareholder letter is
accessible from the Samsara investor relations website at
https://investors.samsara.com/. Samsara will host a live webcast to
discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern
Time) today. The live webcast may be accessed at
https://investors.samsara.com/. Following the webcast, a replay
will be accessible from the same website.
SAMSARA INC.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(In thousands)
(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
Stockholders’ equity:
Preferred stock
—
—
Class A common stock
11
9
Class B common stock
23
23
Class C common stock
—
—
Additional paid-in capital
2,597,904
2,368,597
Accumulated other comprehensive income
—
1,616
Accumulated deficit
(1,598,803
)
(1,455,098
)
Total stockholders’ equity
999,135
915,147
Total liabilities and stockholders’
equity
$
1,863,868
$
1,734,845
SAMSARA INC.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share
and per share data)
(Unaudited)
Three Months Ended
Nine Months Ended
November 2, 2024
October 28, 2023
November 2, 2024
October 28, 2023
Revenue
$
321,981
$
237,534
$
902,909
$
661,111
Cost of revenue
76,027
61,585
218,017
178,008
Gross profit
245,954
175,949
684,892
483,103
Operating expenses:
Research and development
76,990
60,820
226,439
185,155
Sales and marketing
150,065
116,780
448,995
353,643
General and administrative
62,660
48,354
177,410
139,888
Lease modification, impairment, and
related charges
3,609
4,762
3,609
4,762
Total operating expenses
293,324
230,716
856,453
683,448
Loss from operations
(47,370
)
(54,767
)
(171,561
)
(200,345
)
Interest income and other income, net
10,057
9,378
29,767
28,493
Loss before provision for income taxes
(37,313
)
(45,389
)
(141,794
)
(171,852
)
Provision for income taxes
493
142
1,911
1,503
Net loss
$
(37,806
)
$
(45,531
)
$
(143,705
)
$
(173,355
)
Other comprehensive loss:
Foreign currency translation adjustments,
net of tax
(361
)
(820
)
(1,771
)
276
Unrealized gains (losses) on investments,
net of tax
(1,244
)
382
155
(1,063
)
Other comprehensive loss
(1,605
)
(438
)
(1,616
)
(787
)
Comprehensive loss
$
(39,411
)
$
(45,969
)
$
(145,321
)
$
(174,142
)
Basic and diluted net loss per share:
Net loss per share attributable to common
stockholders, basic and diluted
$
(0.07
)
$
(0.08
)
$
(0.26
)
$
(0.33
)
Weighted-average shares used in computing
net loss per share attributable to common stockholders, basic and
diluted
559,006,539
537,464,892
553,858,923
531,873,324
SAMSARA INC.
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Three Months Ended
Nine Months Ended
November 2, 2024
October 28, 2023
November 2, 2024
October 28, 2023
Operating activities
Net loss
$
(37,806
)
$
(45,531
)
$
(143,705
)
$
(173,355
)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Depreciation and amortization
6,757
3,646
15,845
10,839
Stock-based compensation expense
72,592
59,791
208,852
172,395
Net accretion of discounts on
investments
(3,884
)
(4,104
)
(12,173
)
(12,727
)
Lease modification, impairment, and
related charges
3,609
4,762
3,609
4,762
Other non-cash adjustments
2,280
1,937
3,992
2,046
Changes in operating assets and
liabilities:
Accounts receivable, net
(3,032
)
(2,943
)
(23,192
)
3,824
Inventories
(1,775
)
(5,336
)
(20,181
)
13,467
Prepaid expenses and other current
assets
3,942
(17,691
)
16,899
(17,448
)
Connected device costs
(4,240
)
(9,333
)
(15,127
)
(36,997
)
Deferred commissions
(7,569
)
(8,219
)
(18,451
)
(21,297
)
Other assets, non-current
(112
)
(104
)
822
267
Accounts payable and other liabilities
(11,814
)
5,043
(13,791
)
(206
)
Deferred revenue
17,000
26,684
74,236
77,155
Operating lease right-of-use assets and
liabilities, net
65
3,287
165
7,338
Net cash provided by operating
activities
36,013
11,889
77,800
30,063
Investing activities
Purchases of property and equipment
(4,776
)
(3,355
)
(14,830
)
(8,858
)
Purchases of investments
(196,029
)
(167,012
)
(526,086
)
(541,401
)
Proceeds from sales of investments
—
1,700
1,247
6,174
Proceeds from maturities and redemptions
of investments
167,040
167,215
472,766
508,093
Other investing activities
(100
)
—
(200
)
(50
)
Net cash used in investing activities
(33,865
)
(1,452
)
(67,103
)
(36,042
)
Financing activities
Payment of taxes related to net share
settlement of equity awards
(7
)
—
(7
)
—
Proceeds from issuance of common stock in
connection with equity compensation plans
36
265
16,959
13,435
Payment of principal on finance leases
(396
)
(501
)
(1,340
)
(1,416
)
Net cash provided by (used in) financing
activities
(367
)
(236
)
15,612
12,019
Effect of foreign exchange rate changes on
cash, cash equivalents, and restricted cash
105
(542
)
(458
)
(24
)
Net increase in cash, cash equivalents,
and restricted cash
1,886
9,659
25,851
6,016
Cash, cash equivalents, and restricted
cash, beginning of period
178,703
220,123
154,738
223,766
Cash, cash equivalents, and restricted
cash, end of period
$
180,589
$
229,782
$
180,589
$
229,782
SAMSARA INC.
RECONCILIATION BETWEEN GAAP
AND NON-GAAP FINANCIAL MEASURES
(In thousands, except
percentages and per share data)
(Unaudited)
Three Months Ended
Nine Months Ended
November 2, 2024
October 28, 2023
November 2, 2024
October 28, 2023
Gross profit and gross margin
reconciliation
GAAP gross profit
$
245,954
$
175,949
$
684,892
$
483,103
Add:
Stock-based compensation expense-related
charges (1)
3,879
3,100
11,584
9,307
Non-GAAP gross profit
$
249,833
$
179,049
$
696,476
$
492,410
GAAP gross margin
76
%
74
%
76
%
73
%
Non-GAAP gross margin
78
%
75
%
77
%
74
%
Operating income (loss) and operating
margin reconciliation
GAAP loss from operations
$
(47,370
)
$
(54,767
)
$
(171,561
)
$
(200,345
)
Add:
Stock-based compensation expense-related
charges (1)
77,677
62,712
225,579
183,355
Lease modification, impairment, and
related charges
3,609
4,762
3,609
4,762
Non-GAAP income (loss) from operations
$
33,916
$
12,707
$
57,627
$
(12,228
)
GAAP operating margin
(15
%)
(23
%)
(19
%)
(30
%)
Non-GAAP operating margin
11
%
5
%
6
%
(2
%)
Three Months Ended
Nine Months Ended
November 2, 2024
October 28, 2023
November 2, 2024
October 28, 2023
Net income (loss)
reconciliation
GAAP net loss
$
(37,806
)
$
(45,531
)
$
(143,705
)
$
(173,355
)
Add:
Stock-based compensation expense-related
charges
77,677
62,712
225,579
183,355
Lease modification, impairment, and
related charges
3,609
4,762
3,609
4,762
Non-GAAP net income (3)
$
43,480
$
21,943
$
85,483
$
14,762
SAMSARA INC.
RECONCILIATION BETWEEN GAAP
AND NON-GAAP FINANCIAL MEASURES
(In thousands, except
percentages and per share data)
(Unaudited)
Three Months Ended
Nine Months Ended
November 2, 2024
October 28, 2023
November 2, 2024
October 28, 2023
Net income (loss) per share, basic and
diluted, reconciliation
GAAP net loss per share attributable to
common stockholders, basic
$
(0.07
)
$
(0.08
)
$
(0.26
)
$
(0.33
)
Total impact on net loss per share, basic,
from non-GAAP adjustments
0.15
0.12
0.41
0.36
Non-GAAP net income per share attributable
to common stockholders, basic
$
0.08
$
0.04
$
0.15
$
0.03
GAAP net loss per share attributable to
common stockholders, diluted
$
(0.07
)
$
(0.08
)
$
(0.26
)
$
(0.33
)
Total impact on net loss per share,
diluted, from non-GAAP adjustments
0.14
0.12
0.41
0.36
Non-GAAP net income per share attributable
to common stockholders, diluted (4)
$
0.07
$
0.04
$
0.15
$
0.03
Weighted-average shares used in computing
GAAP net loss per share attributable to common stockholders, basic
and diluted
559,006,539
537,464,892
553,858,923
531,873,324
Weighted-average shares used in computing
non-GAAP net income per share attributable to common stockholders,
basic
559,006,539
537,464,892
553,858,923
531,873,324
Weighted-average shares used in computing
non-GAAP net income per share attributable to common stockholders,
diluted (4)
580,923,231
566,082,414
576,681,883
559,620,309
SAMSARA INC.
RECONCILIATION BETWEEN GAAP
AND NON-GAAP FINANCIAL MEASURES
(In thousands, except
percentages and per share data)
(Unaudited)
Three Months Ended
Nine Months Ended
November 2, 2024
October 28, 2023
November 2, 2024
October 28, 2023
Free cash flow, adjusted free cash
flow, free cash flow margin, and adjusted free cash flow margin
reconciliation
Net cash provided by operating
activities
$
36,013
$
11,889
$
77,800
$
30,063
Purchases of property and equipment
(4,776
)
(3,355
)
(14,830
)
(8,858
)
Free cash flow
31,237
8,534
62,970
21,205
Purchases of property and equipment for
build-out of corporate office facilities, net of tenant allowances
(5)
—
—
—
(10,179
)
Adjusted free cash flow
$
31,237
$
8,534
$
62,970
$
11,026
Net cash provided by operating activities
margin
11
%
5
%
9
%
5
%
Free cash flow margin
10
%
4
%
7
%
3
%
Adjusted free cash flow margin
10
%
4
%
7
%
2
%
__________
(1)
Stock-based compensation
expense-related charges were included in the following line items
of our condensed consolidated statements of operations and
comprehensive loss as follows:
Three Months Ended
Nine Months Ended
November 2, 2024
October 28, 2023
November 2, 2024
October 28, 2023
Cost of revenue
$
3,879
$
3,100
$
11,584
$
9,307
Research and development
28,574
22,594
82,076
68,716
Sales and marketing
23,441
20,219
66,843
55,310
General and administrative
21,783
16,799
65,076
50,022
Total stock-based compensation
expense-related charges (2)
$
77,677
$
62,712
$
225,579
$
183,355
(2)
Stock-based compensation
expense-related charges included approximately $4.5 million and
$15.2 million of employer taxes on employee equity transactions for
the three and nine months ended November 2, 2024, respectively, and
approximately $2.9 million and $11.0 million of employer taxes on
employee equity transactions for the three and nine months ended
October 28, 2023, respectively.
(3)
There were no material income tax
effects on our non-GAAP adjustments for all periods presented.
(4)
For each period in which we had
non-GAAP net income, diluted non-GAAP net income per share is
calculated using weighted-average number of shares of common stock
outstanding during the period, adjusted for dilutive potential
shares that were assumed outstanding during the period.
(5)
In April 2023, we settled a lease
dispute which was primarily related to lease incentives associated
with leasehold improvements in the form of a tenant allowance and
received $11.3 million.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241205052629/en/
Investor Contact: Mike Chang ir@samsara.com
Media Contact: Adam Simons media@samsara.com
Grafico Azioni Samsara (NYSE:IOT)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Samsara (NYSE:IOT)
Storico
Da Gen 2024 a Gen 2025
