Company: IOT
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001642896-25-000022
Chunk: 9

Company: Samsara Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7
Chunk 9
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 year-over-year. The increase in cost of revenue was partially offset by an extra week in our fiscal year 2024.

Our gross margin increased to 76% for the fiscal year ended February 1, 2025 compared to 74% for the fiscal year ended February 3, 2024, mainly due to operational efficiencies in IoT device costs, direct labor costs, and warranty charges.

Research and Development

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

Fiscal Year EndedChangeFebruary 1,2025February 3,2024Amount%Research and development$299,716$258,581$41,135 16 %Percentage of revenue24 %28 %

Research and development expense increased by $41.1 million, or 16%, for the fiscal year ended February 1, 2025 compared to the fiscal year ended February 3, 2024, primarily due to a $31.0 million increase in employee-related costs, which included a $20.5 million increase in salaries and benefits and related employer taxes and a $10.5 million increase in stock-based compensation expense, primarily due to increased headcount to support our research and development organization. The increase in research and development expense was also due to a $5.2 million increase in software subscriptions, IT, hosting and cellular-related costs, a $2.8 million increase in expenses relating to contractor and other professional services, and a $1.5 million increase in prototyping expenses. The increase in research and development expense was partially offset by an extra week in our fiscal year 2024.

Sales and Marketing

Sales and marketing expense is summarized as follows (in thousands, except percentages):

Fiscal Year EndedChangeFebruary 1,2025February 3,2024Amount%Sales and marketing$601,648$486,649$114,999 24 %Percentage of revenue48 %52 %

Sales and marketing expense increased by $115.0 million, or 24%, for the fiscal year ended February 1, 2025 compared to the fiscal year ended February 3, 2024, primarily due to a $88.2 million increase in employee-related costs, which included a $69.4 million increase in salaries and benefits and related employer taxes, a $13.7 million increase in stock-based compensation expense, and a $5.1 million increase in sales commissions, primarily due to increased headcount to support our sales organization. The increase in