Company: IOT
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001628280-25-056069
Chunk: 99

Company: Samsara Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 $639,722 Revenue recognized in the period from beginning deferred revenue balance$363,477 $291,778 $515,309 $387,654 Remaining Performance Obligations (“RPO”)—RPO represents the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.As of November 1, 2025, the Company’s RPO was $3,378.2 million, of which the Company expects to recognize revenue of approximately $1,499.4 million over the next 12 months, with the remaining balance to be recognized thereafter.

14

Concentrations of Significant Customers and Credit Risk—No customer accounted for greater than 10% of the Company’s total revenue for the three and nine months ended November 1, 2025 and November 2, 2024.There were no customers that individually represented greater than 10% of the Company’s accounts receivable as of November 1, 2025 and February 1, 2025.

8.    Leases

The Company leases office space under operating lease agreements that are non-cancelable and have remaining lease terms ranging from one year to approximately six years. The Company is required to pay property taxes, insurance, and normal maintenance costs for certain of these facilities.The components of operating lease expense were as follows (in thousands):Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Operating lease cost$3,964 $5,691 $13,377 $17,088 Short-term lease cost370 339 1,079 729 Sublease income(217)(345)(933)(1,036)Total lease cost$4,117 $5,685 $13,523 $16,781 Supplemental information related to operating leases was as follows (in thousands, except for weighted-average data):Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Cash paid for operating leases$4,955 $7,065 $17,586 $20,997 Operating lease right-of-use ("ROU") assets obtained under operating leases$2,073 $4,281 $8,841