Latest news with #SamsaraInc
Yahoo
3 days ago
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Samsara Inc (IOT) Q1 2026 Earnings Call Highlights: Record Growth and Strategic Partnerships ...
Annual Recurring Revenue (ARR): $1.54 billion, growing 31% year over year. Revenue: $367 million, growing 31% year over year or 32% adjusted for constant currency. Customers with $100,000+ ARR: 2,638, growing 35% year over year. Non-GAAP Gross Margin: 79%, a quarterly record. Non-GAAP Operating Margin: 14%, compared to 2% in Q1 FY25. Adjusted Free Cash Flow Margin: 12%, compared to 7% in Q1 last year. Q2 Revenue Guidance: $371 million to $373 million, representing 24% year-over-year growth. Full-Year FY26 Revenue Guidance: $1.547 billion to $1.555 billion, representing 24% to 25% year-over-year growth. Non-GAAP EPS Guidance for Q2: $0.06 to $0.07. Non-GAAP EPS Guidance for Full-Year FY26: $0.39 to $0.41. Release Date: June 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Samsara Inc (NYSE:IOT) reported a strong Q1 fiscal 2026 with an ARR of $1.54 billion, marking a 31% year-over-year growth. The company expanded its customer base significantly, adding 154 customers with more than $100,000 in ARR, a 35% increase year-over-year. Samsara's AI-powered safety solutions have shown significant impact, with a 75% reduction in safety events and a 71% reduction in mobile usage for a major retail propane company. The company is expanding its ecosystem through strategic OEM partnerships with Hyundai Translead, Stellantis, and Rivian, enhancing its connected operations platform. Samsara achieved a record non-GAAP gross margin of 79% in Q1, demonstrating strong operational efficiency and scalability. Samsara experienced elongated sales cycles due to macroeconomic uncertainties and tariff impacts, affecting some transactions. Despite strong pipeline generation, there is ongoing macro uncertainty that could create timing risks for deal closures. The company noted that the current macro environment could delay customer decisions, particularly in asset-intensive industries. Samsara's international expansion, while promising, still faces challenges in newer markets like France and Germany. The impact of OEM partnerships on gross margins is not yet significant, and benefits are expected to be realized in the medium to long term. Q: Can you elaborate on the sales cycle elongation and its impact on deal sizes and pipeline construction? A: Dominic Phillips, CFO, explained that while some deals closed in May, the construction of deals didn't change significantly. The impact was multimillion-dollar, not just hundreds of thousands. Despite macro uncertainty, they had a record pipeline generation in Q1, indicating strong customer demand and interest in Samsara's platform. Q: How do the OEM investments and relationships impact Samsara's competitive positioning? A: Sanjit Biswas, CEO, stated that OEM partnerships make it easier for customers to integrate their operations into Samsara's Connected Operations Cloud. This strategy reduces friction and enhances data insights, strengthening Samsara's competitive position by simplifying asset digitization for customers. Q: What are the drivers behind the strong growth in the transportation vertical? A: Sanjit Biswas highlighted that transportation companies prioritize efficiency and safety, leading to increased digitization. Samsara is gaining market share among leading transportation companies, contributing to the vertical's growth as the second largest for the company. Q: How is Samsara addressing the macroeconomic uncertainty and its impact on customer priorities? A: Dominic Phillips noted that while macro uncertainty creates timing risks for deals, Samsara's strong pipeline and customer demand demonstrate the value of their platform. The company remains focused on delivering ROI and efficiency to customers, which is crucial in uncertain times. Q: Can you discuss the international growth, particularly in Europe, and any regulatory impacts? A: Sanjit Biswas mentioned that Samsara has been investing in Europe, achieving product-market fit, especially in the UK and Ireland. While there are no specific new regulatory tailwinds, there is growing interest in digital transformation, contributing to international growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
4 days ago
- Business
- Yahoo
Samsara Inc. (IOT) Q1 Earnings and Revenues Surpass Estimates
Samsara Inc. (IOT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 83.33%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.11, delivering a surprise of 57.14%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Samsara Inc. , which belongs to the Zacks Internet - Software industry, posted revenues of $366.88 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 4.39%. This compares to year-ago revenues of $280.73 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Samsara Inc. Shares have added about 7% since the beginning of the year versus the S&P 500's gain of 1.5%. While Samsara Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Samsara Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.06 on $369.05 million in revenues for the coming quarter and $0.33 on $1.53 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Computer and Technology sector, Comtech Telecommunications (CMTL), has yet to report results for the quarter ended April 2025. This communications company is expected to post quarterly loss of $0.30 per share in its upcoming report, which represents a year-over-year change of -250%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Comtech Telecommunications' revenues are expected to be $124.12 million, down 3.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Samsara Inc. (IOT) : Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
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Samsara Reports First Quarter Fiscal Year 2026 Financial Results
Q1 revenue of $366.9 million, representing 31% year-over-year growth or 32% year-over-year growth adjusted for constant currency Ending ARR of $1.535 billion, representing 31% year-over-year growth or 31% year-over-year growth adjusted for constant currency 2,638 customers with ARR over $100,000, representing 35% year-over-year growth SAN FRANCISCO, June 05, 2025--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations® Platform, reported financial results for the first quarter ended May 3, 2025, and released a shareholder letter accessible from the Samsara investor relations website at "We delivered a strong first quarter of the new fiscal year with Q1 revenue of $366.9 million, growing 32% year-over-year in constant currency," said Sanjit Biswas, CEO and co-founder of Samsara. "In today's uncertain macro environment, we are partnering with our customers to help them get more out of their labor, resources, and assets. Our AI-powered platform delivers a clear and fast ROI for our customers and improves the safety, efficiency, and sustainability of their operations." First Quarter Fiscal Year 2026 Financial Highlights (In millions, except percentage, percentage points, and per share data) Q1 FY2026 Q1 FY2025 Y/Y Change Annual Recurring Revenue (ARR) $ 1,535.4 $ 1,175.7 31 % ARR adjusted for constant currency (1) $ 1,537.2 $ 1,175.7 31 % Total revenue $ 366.9 $ 280.7 31 % Total revenue adjusted for constant currency (1) $ 370.4 $ 280.7 32 % GAAP gross profit $ 283.7 $ 212.1 $ 71.6 GAAP gross margin 77 % 76 % 2 pts Non-GAAP gross profit $ 288.1 $ 215.9 $ 72.2 Non-GAAP gross margin 79 % 77 % 2 pts GAAP operating loss $ (33.3 ) $ (66.0 ) $ 32.7 GAAP operating margin (9 %) (24 %) 14 pts Non-GAAP operating income $ 51.1 $ 6.2 $ 44.9 Non-GAAP operating margin 14 % 2 % 12 pts GAAP net loss per share, basic and diluted $ (0.04 ) $ (0.10 ) $ 0.06 Non-GAAP net income per share, basic and diluted $ 0.11 $ 0.03 $ 0.08 Net cash provided by operating activities $ 52.6 $ 23.7 $ 28.9 Net cash provided by operating activities margin 14 % 8 % 6 pts Adjusted free cash flow $ 45.7 $ 18.6 $ 27.1 Adjusted free cash flow margin 12 % 7 % 6 pts __________ Note: Numbers are rounded for presentation purposes. (1) ARR and revenue are adjusted for constant currency. See the section titled "Operating Metrics and Non-GAAP Financial Measures" for constant currency methodology. 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 second quarter and fiscal year 2026, Samsara expects the following: Q2 FY2026 Outlook FY 2026 Outlook Total revenue $371 million – $373 million $1.547 billion – $1.555 billion Year/Year revenue growth 24% 24% Year/Year revenue growth adjusted for constant currency (1) 24% 24% – 25% Non-GAAP operating margin (2) 9% 13% Non-GAAP net income per share, diluted (2) $0.06 – $0.07 $0.39 – $0.41 __________ (1) Constant currency impact to revenue guidance is expected to be approximately $1M headwind for Q2 FY26 and approximately $2M headwind for FY26. See the section titled "Operating Metrics and Non-GAAP Financial Measures" for constant currency methodology (2) Other than with respect to revenue growth adjusted for constant currency, 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® Platform, which is an open platform that connects the people, devices, and systems of some of the world's most complex operations, allowing them 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, manufacturing, utilities and energy, government, healthcare and education, 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. Investor Day and Customer Conference Samsara will host an Investor Day on Tuesday, June 24, 2025 at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time), where we will provide additional insights into Samsara's trajectory and the overall state of physical operations. This event will be held in conjunction with our customer conference, Samsara Beyond, in San Diego, CA. A live webcast of Investor Day may be accessed at 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, macroeconomic conditions, customer adoption of and expected results from our Connected Operations Platform 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 use of our solution 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 revenue adjusted for constant currency, year-over-year revenue growth adjusted for constant currency, non-GAAP gross margin, non-GAAP operating margin, free cash flow and free cash flow margin, and adjusted free cash flow 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, and similar macroeconomic events, including financial distress caused by bank failures, the impact of recent political elections in the United States and abroad, global supply chain challenges, foreign currency fluctuations, elevated inflation and interest rates, and changes to monetary, fiscal, and trade (including tariff) policies, on our and our customers' and partners' respective businesses, 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 is excluded because it is a non-cash expense and is dependent on our stock price, which is beyond our control. Further, because of varying available valuation methodologies and award types, we find it useful to exclude stock-based compensation expense in order to better understand 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 (ARR)—We define ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date. Constant currency—Constant currency is a methodology for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current period results for customer contracts denominated in currencies other than U.S. dollars are converted into U.S. dollars using the average currency exchange rates in effect during the comparative period, rather than the actual currency exchange rates in effect during the current period. For ARR, customer contracts denominated in currencies other than U.S. dollars are translated into U.S. dollars based on the currency exchange rate as of the day of the effective date of the contract. For guidance, currency impact on total revenue growth is derived by applying the average currency exchange rates in effect during the comparative period, rather than the currency exchange rates for the guidance period. Customer—We define a customer as an entity, or group of affiliated entities with a shared parent organization, that has ARR of greater than $1,000 at the end of a reporting period. Determinations regarding the relationship between customer entities are primarily based on publicly available information and information supplied to us by our customers, and we have not independently verified the legal relationship between entities in all cases. Our customer count is subject to adjustments for acquisitions, spin-offs, segmentation by geography, and other market and commercial activity. 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 Operating Income (Loss) and Non-GAAP Operating Margin—We define 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 operating income (loss) and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP operating income (loss) 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 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 Following the webcast, a replay will be accessible from the same website. SAMSARA INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) As of May 3, 2025 February 1, 2025 Assets Current assets: Cash and cash equivalents $ 259,025 $ 227,576 Short-term investments 439,092 467,222 Accounts receivable, net 216,469 234,016 Inventories 37,881 38,911 Connected device costs, current 123,332 119,323 Prepaid expenses and other current assets 57,076 58,106 Total current assets 1,132,875 1,145,154 Restricted cash 21,861 18,218 Long-term investments 325,089 282,652 Property and equipment, net 62,148 58,151 Operating lease right-of-use assets 67,741 64,864 Connected device costs, non-current 244,910 242,928 Deferred commissions 215,786 209,341 Other assets, non-current 3,207 2,994 Total assets $ 2,073,617 $ 2,024,302 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 22,309 $ 64,017 Accrued expenses and other current liabilities 84,455 74,976 Accrued compensation and benefits 43,694 43,443 Deferred revenue, current 576,547 563,254 Operating lease liabilities, current 14,151 15,656 Total current liabilities 741,156 761,346 Deferred revenue, non-current 129,565 122,516 Operating lease liabilities, non-current 67,948 64,622 Other liabilities, non-current 7,374 6,622 Total liabilities 946,043 955,106 Stockholders' equity: Preferred stock — — Class A common stock 12 12 Class B common stock 23 23 Class C common stock — — Additional paid-in capital 2,758,992 2,680,012 Accumulated other comprehensive income (loss) 673 (846 ) Accumulated deficit (1,632,126 ) (1,610,005 ) Total stockholders' equity 1,127,574 1,069,196 Total liabilities and stockholders' equity $ 2,073,617 $ 2,024,302 SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (In thousands, except share and per share data) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Revenue $ 366,884 $ 280,726 Cost of revenue 83,169 68,625 Gross profit 283,715 212,101 Operating expenses: Research and development 83,242 72,973 Sales and marketing 165,400 147,437 General and administrative 68,328 57,688 Total operating expenses 316,970 278,098 Loss from operations (33,255 ) (65,997 ) Interest income and other income, net 12,723 10,084 Loss before provision for income taxes (20,532 ) (55,913 ) Provision for income taxes. 1,589 376 Net loss $ (22,121 ) $ (56,289 ) Other comprehensive income (loss): Foreign currency translation adjustments, net of tax 960 100 Unrealized gains (losses) on investments, net of tax 559 (1,687 ) Other comprehensive income (loss) 1,519 (1,587 ) Comprehensive loss $ (20,602 ) $ (57,876 ) Basic and diluted net loss per share: Net loss per share attributable to common stockholders, basic and diluted $ (0.04 ) $ (0.10 ) Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 567,740,728 548,652,306 SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Operating activities Net loss $ (22,121 ) $ (56,289 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 5,142 4,455 Stock-based compensation expense 77,079 64,656 Net accretion of discounts on investments (2,582 ) (3,993 ) Other non-cash adjustments (348 ) 1,330 Changes in operating assets and liabilities: Accounts receivable, net 15,902 15,862 Inventories 1,114 (8,272 ) Prepaid expenses and other current assets 1,040 3,932 Connected device costs (5,960 ) (6,059 ) Deferred commissions (6,435 ) (5,117 ) Other assets, non-current (13 ) 315 Accounts payable and other liabilities (31,236 ) (9,664 ) Deferred revenue 20,610 22,531 Operating lease right-of-use assets and liabilities, net 420 (17 ) Net cash provided by operating activities 52,612 23,670 Investing activities Purchases of property and equipment (6,920 ) (5,062 ) Purchases of investments (173,141 ) (142,313 ) Proceeds from maturities and redemptions of investments 161,972 150,426 Other investing activities (200 ) — Net cash provided by (used in) investing activities (18,289 ) 3,051 Financing activities Proceeds from issuance of common stock in connection with equity compensation plans 22 808 Payment of principal on finance leases (378 ) (496 ) Net cash provided by (used in) financing activities (356 ) 312 Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 1,125 (103 ) Net increase in cash, cash equivalents, and restricted cash 35,092 26,930 Cash, cash equivalents, and restricted cash, beginning of period 245,794 154,738 Cash, cash equivalents, and restricted cash, end of period $ 280,886 $ 181,668 SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Total revenue and revenue growth reconciliation GAAP revenue $ 366,884 $ 280,726 Add: Constant currency adjustment 3,565 — Revenue adjusted for constant currency (1) $ 370,449 $ 280,726 GAAP revenue growth 31 % 37 % Revenue growth adjusted for constant currency (1) 32 % 37 % Gross profit and gross margin reconciliation GAAP gross profit. $ 283,715 $ 212,101 Add: Stock-based compensation expense-related charges (2) 4,361 3,766 Non-GAAP gross profit $ 288,076 $ 215,867 GAAP gross margin 77 % 76 % Non-GAAP gross margin 79 % 77 % Operating income (loss) and operating margin reconciliation GAAP loss from operations $ (33,255 ) $ (65,997 ) Add: Stock-based compensation expense-related charges (2) 84,326 72,156 Non-GAAP operating income $ 51,071 $ 6,159 GAAP operating margin (9 %) (24 %) Non-GAAP operating margin 14 % 2 % Net income (loss) reconciliation GAAP net loss $ (22,121 ) $ (56,289 ) Add: Stock-based compensation expense-related charges 84,326 72,156 Non-GAAP net income (3) $ 62,205 $ 15,867 SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Net income (loss) per share, basic and diluted, reconciliation GAAP net loss per share attributable to common stockholders, basic $ (0.04 ) $ (0.10 ) Total impact on net loss per share, basic, from non-GAAP adjustments 0.15 0.13 Non-GAAP net income per share attributable to common stockholders, basic $ 0.11 $ 0.03 GAAP net loss per share attributable to common stockholders, diluted $ (0.04 ) $ (0.10 ) Total impact on net loss per share, diluted, from non-GAAP adjustments 0.15 0.13 Non-GAAP net income per share attributable to common stockholders, diluted (4) $ 0.11 $ 0.03 Weighted-average shares used in computing GAAP net loss per share attributable to common stockholders, basic and diluted 567,740,728 548,652,306 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, basic 567,740,728 548,652,306 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted (4) 582,805,383 573,154,525 SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Free cash flow, adjusted free cash flow, free cash flow margin, and adjusted free cash flow margin reconciliation Net cash provided by operating activities $ 52,612 $ 23,670 Purchases of property and equipment (6,920 ) (5,062 ) Free cash flow 45,692 18,608 Adjusted free cash flow $ 45,692 $ 18,608 Net cash provided by operating activities margin 14 % 8 % Free cash flow margin 12 % 7 % Adjusted free cash flow margin 12 % 7 % __________ (1) To facilitate comparability across periods, revenue and revenue growth are adjusted for constant currency by excluding the effect of foreign currency rate fluctuations. (2) 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 May 3, 2025 May 4, 2024 Cost of revenue $ 4,361 $ 3,766 Research and development 29,556 26,264 Sales and marketing 25,580 20,682 General and administrative 24,829 21,444 Total stock-based compensation expense-related charges (5) $ 84,326 $ 72,156 (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) Stock-based compensation expense-related charges included amortization of capitalized stock-based compensation expense of approximately $0.7 million and $0.5 million for the three months ended May 3, 2025 and May 4, 2024, respectively, which was initially capitalized as capitalized software. Stock-based compensation expense-related charges also included approximately $6.5 million and $7.0 million of employer taxes on employee equity transactions for the three months ended May 3, 2025 and May 4, 2024, respectively. View source version on Contacts Investor Contact: Mike Changir@ Media Contact: Stephanie Burkemedia@ Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Samsara Reports First Quarter Fiscal Year 2026 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations ® Platform, reported financial results for the first quarter ended May 3, 2025, and released a shareholder letter accessible from the Samsara investor relations website at 'We delivered a strong first quarter of the new fiscal year with Q1 revenue of $366.9 million, growing 32% year-over-year in constant currency,' said Sanjit Biswas, CEO and co-founder of Samsara. 'In today's uncertain macro environment, we are partnering with our customers to help them get more out of their labor, resources, and assets. Our AI-powered platform delivers a clear and fast ROI for our customers and improves the safety, efficiency, and sustainability of their operations.' First Quarter Fiscal Year 2026 Financial Highlights (In millions, except percentage, percentage points, and per share data) Q1 FY2026 Q1 FY2025 Y/Y Change Annual Recurring Revenue (ARR) $ 1,535.4 $ 1,175.7 31 % ARR adjusted for constant currency (1) $ 1,537.2 $ 1,175.7 31 % Total revenue $ 366.9 $ 280.7 31 % Total revenue adjusted for constant currency (1) $ 370.4 $ 280.7 32 % GAAP gross profit $ 283.7 $ 212.1 $ 71.6 GAAP gross margin 77 % 76 % 2 pts Non-GAAP gross profit $ 288.1 $ 215.9 $ 72.2 Non-GAAP gross margin 79 % 77 % 2 pts GAAP operating loss $ (33.3 ) $ (66.0 ) $ 32.7 GAAP operating margin (9 %) (24 %) 14 pts Non-GAAP operating income $ 51.1 $ 6.2 $ 44.9 Non-GAAP operating margin 14 % 2 % 12 pts GAAP net loss per share, basic and diluted $ (0.04 ) $ (0.10 ) $ 0.06 Non-GAAP net income per share, basic and diluted $ 0.11 $ 0.03 $ 0.08 Net cash provided by operating activities $ 52.6 $ 23.7 $ 28.9 Net cash provided by operating activities margin 14 % 8 % 6 pts Adjusted free cash flow $ 45.7 $ 18.6 $ 27.1 Adjusted free cash flow margin 12 % 7 % 6 pts Expand __________ Note: Numbers are rounded for presentation purposes. (1) ARR and revenue are adjusted for constant currency. See the section titled 'Operating Metrics and Non-GAAP Financial Measures' for constant currency methodology. Expand 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 second quarter and fiscal year 2026, Samsara expects the following: __________ (1) Constant currency impact to revenue guidance is expected to be approximately $1M headwind for Q2 FY26 and approximately $2M headwind for FY26. See the section titled 'Operating Metrics and Non-GAAP Financial Measures' for constant currency methodology (2) Other than with respect to revenue growth adjusted for constant currency, 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. Expand About Samsara Samsara is the pioneer of the Connected Operations ® Platform, which is an open platform that connects the people, devices, and systems of some of the world's most complex operations, allowing them 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, manufacturing, utilities and energy, government, healthcare and education, 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. Investor Day and Customer Conference Samsara will host an Investor Day on Tuesday, June 24, 2025 at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time), where we will provide additional insights into Samsara's trajectory and the overall state of physical operations. This event will be held in conjunction with our customer conference, Samsara Beyond, in San Diego, CA. A live webcast of Investor Day may be accessed at 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, macroeconomic conditions, customer adoption of and expected results from our Connected Operations Platform 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 use of our solution 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 revenue adjusted for constant currency, year-over-year revenue growth adjusted for constant currency, non-GAAP gross margin, non-GAAP operating margin, free cash flow and free cash flow margin, and adjusted free cash flow 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, and similar macroeconomic events, including financial distress caused by bank failures, the impact of recent political elections in the United States and abroad, global supply chain challenges, foreign currency fluctuations, elevated inflation and interest rates, and changes to monetary, fiscal, and trade (including tariff) policies, on our and our customers' and partners' respective businesses, 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 is excluded because it is a non-cash expense and is dependent on our stock price, which is beyond our control. Further, because of varying available valuation methodologies and award types, we find it useful to exclude stock-based compensation expense in order to better understand 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 (ARR)—We define ARR as the annualized value of subscription contracts that have commenced revenue recognition as of the measurement date. Constant currency—Constant currency is a methodology for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current period results for customer contracts denominated in currencies other than U.S. dollars are converted into U.S. dollars using the average currency exchange rates in effect during the comparative period, rather than the actual currency exchange rates in effect during the current period. For ARR, customer contracts denominated in currencies other than U.S. dollars are translated into U.S. dollars based on the currency exchange rate as of the day of the effective date of the contract. For guidance, currency impact on total revenue growth is derived by applying the average currency exchange rates in effect during the comparative period, rather than the currency exchange rates for the guidance period. Customer—We define a customer as an entity, or group of affiliated entities with a shared parent organization, that has ARR of greater than $1,000 at the end of a reporting period. Determinations regarding the relationship between customer entities are primarily based on publicly available information and information supplied to us by our customers, and we have not independently verified the legal relationship between entities in all cases. Our customer count is subject to adjustments for acquisitions, spin-offs, segmentation by geography, and other market and commercial activity. 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 Operating Income (Loss) and Non-GAAP Operating Margin—We define 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 operating income (loss) and non-GAAP operating margin in conjunction with traditional GAAP measures to evaluate our financial performance. We believe that non-GAAP operating income (loss) 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 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 Following the webcast, a replay will be accessible from the same website. SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (In thousands, except share and per share data) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Revenue $ 366,884 $ 280,726 Cost of revenue 83,169 68,625 Gross profit 283,715 212,101 Operating expenses: Research and development 83,242 72,973 Sales and marketing 165,400 147,437 General and administrative 68,328 57,688 Total operating expenses 316,970 278,098 Loss from operations (33,255 ) (65,997 ) Interest income and other income, net 12,723 10,084 Loss before provision for income taxes (20,532 ) (55,913 ) Provision for income taxes. 1,589 376 Net loss $ (22,121 ) $ (56,289 ) Other comprehensive income (loss): Foreign currency translation adjustments, net of tax 960 100 Unrealized gains (losses) on investments, net of tax 559 (1,687 ) Other comprehensive income (loss) 1,519 (1,587 ) Comprehensive loss $ (20,602 ) $ (57,876 ) Basic and diluted net loss per share: Net loss per share attributable to common stockholders, basic and diluted $ (0.04 ) $ (0.10 ) Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 567,740,728 548,652,306 Expand SAMSARA INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Operating activities Net loss $ (22,121 ) $ (56,289 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 5,142 4,455 Stock-based compensation expense 77,079 64,656 Net accretion of discounts on investments (2,582 ) (3,993 ) Other non-cash adjustments (348 ) 1,330 Changes in operating assets and liabilities: Accounts receivable, net 15,902 15,862 Inventories 1,114 (8,272 ) Prepaid expenses and other current assets 1,040 3,932 Connected device costs (5,960 ) (6,059 ) Deferred commissions (6,435 ) (5,117 ) Other assets, non-current (13 ) 315 Accounts payable and other liabilities (31,236 ) (9,664 ) Deferred revenue 20,610 22,531 Operating lease right-of-use assets and liabilities, net 420 (17 ) Net cash provided by operating activities 52,612 23,670 Investing activities Purchases of property and equipment (6,920 ) (5,062 ) Purchases of investments (173,141 ) (142,313 ) Proceeds from maturities and redemptions of investments 161,972 150,426 Other investing activities (200 ) — Net cash provided by (used in) investing activities (18,289 ) 3,051 Financing activities Proceeds from issuance of common stock in connection with equity compensation plans 22 808 Payment of principal on finance leases (378 ) (496 ) Net cash provided by (used in) financing activities (356 ) 312 Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 1,125 (103 ) Net increase in cash, cash equivalents, and restricted cash 35,092 26,930 Cash, cash equivalents, and restricted cash, beginning of period 245,794 154,738 Cash, cash equivalents, and restricted cash, end of period $ 280,886 $ 181,668 Expand Three Months Ended May 3, 2025 May 4, 2024 Total revenue and revenue growth reconciliation GAAP revenue $ 366,884 $ 280,726 Add: Constant currency adjustment 3,565 — Revenue adjusted for constant currency (1) $ 370,449 $ 280,726 GAAP revenue growth 31 % 37 % Revenue growth adjusted for constant currency (1) 32 % 37 % Gross profit and gross margin reconciliation GAAP gross profit. $ 283,715 $ 212,101 Add: Stock-based compensation expense-related charges (2) 4,361 3,766 Non-GAAP gross profit $ 288,076 $ 215,867 GAAP gross margin 77 % 76 % Non-GAAP gross margin 79 % 77 % Operating income (loss) and operating margin reconciliation GAAP loss from operations $ (33,255 ) $ (65,997 ) Add: Stock-based compensation expense-related charges (2) 84,326 72,156 Non-GAAP operating income $ 51,071 $ 6,159 GAAP operating margin (9 %) (24 %) Non-GAAP operating margin 14 % 2 % Net income (loss) reconciliation GAAP net loss $ (22,121 ) $ (56,289 ) Add: Stock-based compensation expense-related charges 84,326 72,156 Non-GAAP net income (3) $ 62,205 $ 15,867 Expand SAMSARA INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES (In thousands, except percentages and per share data) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Net income (loss) per share, basic and diluted, reconciliation GAAP net loss per share attributable to common stockholders, basic $ (0.04 ) $ (0.10 ) Total impact on net loss per share, basic, from non-GAAP adjustments 0.15 0.13 Non-GAAP net income per share attributable to common stockholders, basic $ 0.11 $ 0.03 GAAP net loss per share attributable to common stockholders, diluted $ (0.04 ) $ (0.10 ) Total impact on net loss per share, diluted, from non-GAAP adjustments 0.15 0.13 Non-GAAP net income per share attributable to common stockholders, diluted (4) $ 0.11 $ 0.03 Weighted-average shares used in computing GAAP net loss per share attributable to common stockholders, basic and diluted 567,740,728 548,652,306 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, basic 567,740,728 548,652,306 Weighted-average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted (4) 582,805,383 573,154,525 Expand SAMSARA INC. (In thousands, except percentages and per share data) (Unaudited) Three Months Ended May 3, 2025 May 4, 2024 Free cash flow, adjusted free cash flow, free cash flow margin, and adjusted free cash flow margin reconciliation Net cash provided by operating activities $ 52,612 $ 23,670 Purchases of property and equipment (6,920 ) (5,062 ) Free cash flow 45,692 18,608 Adjusted free cash flow $ 45,692 $ 18,608 Net cash provided by operating activities margin 14 % 8 % Free cash flow margin 12 % 7 % Adjusted free cash flow margin 12 % 7 % Expand __________ (1) To facilitate comparability across periods, revenue and revenue growth are adjusted for constant currency by excluding the effect of foreign currency rate fluctuations. (2) 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: Expand (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) Stock-based compensation expense-related charges included amortization of capitalized stock-based compensation expense of approximately $0.7 million and $0.5 million for the three months ended May 3, 2025 and May 4, 2024, respectively, which was initially capitalized as capitalized software. Stock-based compensation expense-related charges also included approximately $6.5 million and $7.0 million of employer taxes on employee equity transactions for the three months ended May 3, 2025 and May 4, 2024, respectively. Expand
Yahoo
29-05-2025
- Business
- Yahoo
Samsara Inc. (IOT) Falls More Steeply Than Broader Market: What Investors Need to Know
The most recent trading session ended with Samsara Inc. (IOT) standing at $46.48, reflecting a -0.66% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.56% for the day. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq lost 0.51%. Coming into today, shares of the company had gained 19.24% in the past month. In that same time, the Computer and Technology sector gained 11.21%, while the S&P 500 gained 7.37%. The upcoming earnings release of Samsara Inc. will be of great interest to investors. The company's earnings report is expected on June 5, 2025. The company's upcoming EPS is projected at $0.06, signifying a 100% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $351.46 million, indicating a 25.19% growth compared to the corresponding quarter of the prior year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.33 per share and a revenue of $1.53 billion, representing changes of +26.92% and +22.42%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Samsara Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Samsara Inc. presently features a Zacks Rank of #3 (Hold). Digging into valuation, Samsara Inc. currently has a Forward P/E ratio of 141.79. This represents a premium compared to its industry's average Forward P/E of 29.23. The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 57, putting it in the top 24% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow IOT in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Samsara Inc. (IOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
