Company: IOT
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001642896-25-000058
Chunk: 27

Company: Samsara Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 36,526,983 Employee stock purchase rights860,872 833,584 Total antidilutive securities31,210,300 43,226,153 

13.    Segment Information

The Company has a single operating and reportable segment. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The Company derives its subscription revenue from customers that leverage the Company’s Connected Operations Platform, which consists of a data platform and set of applications to consolidate data from their physical operations into a single, integrated solution. Amounts derived from subscription and other revenue are summarized in Note 7, “Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations.”The accounting policies of the operating segment are the same as those described in Note 2, “Summary of Significant Accounting Policies.”The CODM makes operating decisions, assesses financial performance, and allocates resources based on consolidated operating income (loss) and consolidated net income (loss) as reported on the Company’s condensed consolidated statements of operations and comprehensive loss. These financial metrics are used by the CODM to monitor budget versus actual results. The measure of segment assets is reported on the condensed consolidated balance sheets as total assets.

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Table of Contents

The table below presents selected financial information for the Company’s single operating segment for the three months ended May 3, 2025 and May 4, 2024 (in thousands):Three Months EndedMay 3, 2025May 4, 2024Revenue$366,884 $280,726 Cost of revenue (1) (2)24,443 22,955 Research and development (1)56,222 49,574 Sales and marketing (1) (3)123,447 114,271 General and administrative (1)45,064 37,853 Stock-based compensation expense77,079 64,656 Amortization of IoT device costs33,380 28,550 Cloud and cellular infrastructure costs22,099 14,190 Sales commissions18,405 14,674 Segment operating loss$(33,255)$(65,997)Interest income and other income, net (4)12,723 10,084 Provision for income taxes1,589 376 Segment net loss$(22,121)$(56,289)__________(1)These segment expenses exclude stock-based compensation expense, which