Company: IOT
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001628280-25-056069
Chunk: 97

Company: Samsara Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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,955 $38,911 Property and Equipment, Net—Property and equipment, net, comprises the following (in thousands):As of November 1, 2025February 1, 2025Gross property and equipment:Computers and equipment$20,670 $6,579 Leasehold improvements48,694 48,551 Furniture and fixtures17,672 17,464 Internal-use software costs (1)73,596 51,410 Total gross property and equipment160,632 124,004 Accumulated depreciation and amortization (2)(82,738)(65,853)Property and equipment, net$77,894 $58,151 __________(1)$22.2 million of internal-use software costs were capitalized during the nine months ended November 1, 2025.(2)$4.0 million of fully depreciated assets were written off as they were no longer in use during the fiscal year ended February 1, 2025.The Company’s internal-use software costs included $2.3 million and $6.4 million of capitalized stock-based compensation expense for the three and nine months ended November 1, 2025, respectively, and $1.2 million and $3.5 million of capitalized stock-based compensation expense for the three and nine months ended November 2, 2024, respectively.

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Depreciation and amortization of property and equipment included on the Company’s condensed consolidated statements of operations and comprehensive income (loss) was as follows (in thousands):Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Depreciation and amortization expense (1)$6,075 $6,757 $16,616 $15,845 __________(1)Included in these amounts were the amortization of capitalized internal-use software costs of $3.7 million and $10.0 million for the three and nine months ended November 1, 2025, respectively, and $2.4 million and $6.4 million for the three and nine months ended November 2, 2024, respectively.

7.    Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations

Revenue Recognition—Subscription revenue is generated from subscriptions to access the Company’s Connected Operations Platform. Subscription agreements contain multiple service elements for one or more of the Company’s