Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 71

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 three months ended August 3, 2024. This increase was favorably impacted by $1.0 million in higher foreign currency gains and $0.8 million in higher interest income earned on a larger balance of our marketable debt securities and money market funds.

Interest income and other income, net, increased by $4.4 million, or 23%, for the six months ended August 2, 2025 compared to the six months ended August 3, 2024. This increase was favorably impacted by $2.9 million in higher foreign currency gains and $1.6 million in higher interest income earned on a larger balance of our marketable debt securities and money market funds.

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Provision for Income Taxes

Provision for income taxes is summarized as follows (in thousands, except percentages):

Three Months EndedChangeSix Months EndedChangeAugust 2,2025August 3,2024Amount%August 2,2025August 3,2024Amount%Provision for income taxes$1,607$1,042$565 54%$3,196$1,418$1,778 125%Effective tax rate(10.6%)(2.1%)(8.9%)(1.4%)

The provision for income taxes increased by $0.6 million and $1.8 million, or 54% and 125%, for the three and six months ended August 2, 2025, respectively, compared to the three and six months ended August 3, 2024, primarily due to higher taxes related to the growth of our operations in foreign jurisdictions.

Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we review the following non-GAAP financial measures to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans, and make strategic decisions (in thousands, except percentages):

Three Months EndedAugust 2, 2025August 3, 2024Non-GAAP gross profit$305,692 $230,776 Non-GAAP gross margin78%77%Non-GAAP operating income$59,698 $17,552 Non-GAAP operating margin15%6%Non-GAAP net income$69,517 $26,136 Six Months EndedAugust 2, 2025August 3, 2024Free cash flow$89,884 $31