Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 68

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 months ended August 3, 2024, primarily due to $6.4 million of increased cloud and cellular costs associated with our product offerings and $7.6 million of increased connected device costs. The increases in connected device costs and cloud and cellular costs were primarily due to increased sales volume year-over-year.

Our gross margin increased to 77% for the three months ended August 2, 2025 compared to 76% for the three months ended August 3, 2024, mainly due to operational efficiencies in connected device costs and direct labor costs.

Cost of revenue increased by $31.7 million, or 22%, for the six months ended August 2, 2025 compared to the six months ended August 3, 2024, primarily due to $14.3 million of increased cloud and cellular costs associated with our product offerings, $10.3 million of increased amortization of connected device costs, and $2.6 million of increased employee-related costs, which included a $1.9 million increase in salaries and benefits and related employer taxes and a $0.7 million increase in stock-based compensation expense. The increases in amortization of connected device costs and cloud and cellular costs were primarily due to increased sales volume year-over-year.

Our gross margin increased to 77% for the six months ended August 2, 2025 compared to 76% for the six months ended August 3, 2024, mainly due to operational efficiencies in connected device costs and direct labor costs.

Research and Development

Research and development expense is summarized as follows (in thousands, except percentages):

Three Months EndedChangeSix Months EndedChangeAugust 2,2025August 3,2024Amount%August 2,2025August 3,2024Amount%Research and development$85,612$76,476$9,136 12%$168,854$149,449$19,405 13%Percentage of revenue22%26%22%26%

Research and development expense increased by $9.1 million, or 12%, for the three months ended August 2, 2025 compared to the three months ended August 3, 2024, primarily due to a $4.7 million increase in employee-related costs, which included a $3.9 million increase in stock-based compensation expense and a $0.8 million increase in salaries and benefits and related employer taxes, primarily due to increased headcount to support our research and development organization. The