Company: IOT
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001628280-25-056069
Chunk: 9

Company: Samsara Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 2
Chunk 9
---
4Amount%November 1,2025November 2,2024Amount%General and administrative$66,121$62,660$3,461 6%$202,352$177,410$24,942 14%Percentage of revenue16%19%17%20%

General and administrative expense increased by $3.5 million, or 6%, for the three months ended November 1, 2025 compared to the three months ended November 2, 2024, primarily due to a $2.2 million increase in stock-based compensation expense due to increased headcount. The increase in general and administrative expense was also due to a $0.8 million increase in consulting and professional services fees.

General and administrative expense increased by $24.9 million, or 14%, for the nine months ended November 1, 2025 compared to the nine months ended November 2, 2024, primarily due to a $12.7 million increase in employee-related costs, which included a $8.4 million increase in stock-based compensation expense and a $4.3 million increase in salaries and benefits and related employer taxes, primarily due to increased headcount. The increase in general and administrative expense was also due to a $12.2 million increase in consulting and professional services fees.

28

Lease Modification, Impairment, and Related Charges

Lease modification, impairment, and related charges are summarized as follows (in thousands, except percentages):

Three Months EndedChangeNine Months EndedChangeNovember 1,2025November 2,2024Amount%November 1,2025November 2,2024Amount%Lease modification, impairment, and related charges$—$3,609$(3,609)(100%)$—$3,609$(3,609)(100%)

In the third quarter of fiscal year 2025, we executed a sublease for certain office space that resulted in a $3.6 million impairment to the related right-of-use (“ROU”) asset and fixed assets, which we recognized in lease modification, impairment, and related charges for the three and nine months ended November 2, 2024. There were no lease modification, impairment, and related charges for the three and nine months ended November 1, 2025.

Interest Income and Other Income, Net

Interest income and other income, net, are summarized as follows (in thousands, except percentages):

Three Months EndedChangeNine Months EndedChangeNovember 1,202