Company: IOT
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001642896-25-000058
Chunk: 17

Company: Samsara Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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in thousands):Three Months EndedMay 3, 2025May 4, 2024Capitalized commission costs$23,695 $18,048 Amortization expense$17,250 $12,931 Connected Devices—Total connected device costs, which the Company also refers to as Internet of Things (“IoT”) device costs, current and non-current, as of May 3, 2025 and February 1, 2025 were $368.2 million and $362.3 million, respectively.The following table provides the amounts capitalized and amortized for the Company’s connected device costs for the periods presented (in thousands):Three Months EndedMay 3, 2025May 4, 2024Capitalized connected device costs$38,573 $33,714 Amortization expense$32,582 $27,655 

6.    Balance Sheet Components

Inventories—Inventories consist of the following (in thousands):As ofMay 3, 2025February 1, 2025Raw materials$6,973 $8,452 Finished goods30,908 30,459 Total inventories$37,881 $38,911 Property and Equipment, Net—Property and equipment, net, comprises the following (in thousands):As of May 3, 2025February 1, 2025Gross property and equipment:Computers and equipment$8,639 $6,579 Leasehold improvements48,453 48,551 Furniture and fixtures17,670 17,464 Internal-use software development costs (1)58,341 51,410 Total gross property and equipment133,103 124,004 Accumulated depreciation and amortization (2)(70,955)(65,853)Property and equipment, net (2)$62,148 $58,151 __________(1)$6.9 million has been capitalized since February 1, 2025.(2)During the fiscal year ended February 1, 2025, the Company wrote off $4.0 million of fully depreciated assets as they were no longer in use.The Company’s internal-use software development costs included $1.9 million and $1.2 million of capitalized stock-based compensation expense for the three months ended May 3, 2025 and May 4, 2024, respectively.Depreciation and amortization of property and equipment