Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 88

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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,954 — 461,954 U.S. government and agency securities— 252,500 — 252,500 Total marketable debt securities$— $829,593 $— $829,593 As of February 1, 2025Level 1Level 2Level 3TotalCash equivalents and restricted cashCash equivalents:Money market funds$157,601 $— $— $157,601 Commercial paper— 15,686 — 15,686 Corporate notes and bonds— 2,496 — 2,496 Restricted cash—letters of credit14,561 — — 14,561 Total cash equivalents and restricted cash$172,162 $18,182 $— $190,344 Marketable debt securitiesCommercial paper$— $62,590 $— $62,590 Corporate notes and bonds— 444,737 — 444,737 U.S. government and agency securities— 242,547 — 242,547 Total marketable debt securities$— $749,874 $— $749,874 The Company determines the fair value of its security holdings based on pricing from the Company’s service providers and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curves, volatility factors, credit spreads, default rates, loss severity, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures.There were no transfers between Level 1 or Level 2, or transfers in or out of Level 3, of the fair value hierarchy during the six months ended August 2, 2025 and August 3, 2024.

5.    Costs to Obtain and Fulfill a Contract

Deferred Commissions—Total deferred commissions as of August 2, 2025 and February 1, 2025 were $226.2 million and $209.3 million, respectively.

12

The following table provides the amounts capitalized and amortized for commission costs for the periods presented (in thousands):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3,