Company: IOT
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001642896-25-000058
Chunk: 54

Company: Samsara Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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 (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 included on the Company’s condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):Three Months EndedMay 3, 2025May 4, 2024Depreciation and amortization expense (1)$5,142 $4,455 

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__________(1)Included in these amounts were the amortization of capitalized internal-use software development costs of $3.0 million and $1.9 million for the three months ended May 3, 2025 and May 4, 2024, respectively.

7.    Revenue, Accounts Receivable, Deferred Revenue,