Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 67

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 and extent of these expenses.

Interest Income and Other Income, Net

Interest income and other income, net, consists primarily of income earned on our money market funds and marketable debt securities, including amortization of premiums and accretion of discounts. It also includes the effect of changes in foreign currency exchange rates. As we have expanded our global operations, our exposure to fluctuations in foreign currencies has increased, and we expect this to continue.

Provision for Income Taxes

Provision for income taxes consists primarily of income taxes in certain foreign jurisdictions in which we conduct business. We maintain a full valuation allowance against our U.S. deferred tax assets because we have concluded that it is more likely than not that the deferred tax assets will not be realized.

Results of Operations

Comparison of the Three and Six Months Ended August 2, 2025 and August 3, 2024

Revenue

Our total revenue is summarized as follows (in thousands, except percentages):

Three Months EndedChangeSix Months EndedChangeAugust 2,2025August 3,2024Amount%August 2,2025August 3,2024Amount%Revenue$391,480 $300,202 $91,278 30%$758,364 $580,928 $177,436 31%

Revenue increased by $91.3 million and $177.4 million, or 30% and 31%, 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 an increase in new customers and increased purchases of subscriptions to our solution, including subscriptions to additional Applications, by existing customers.

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Cost of Revenue, Gross Profit, and Gross Margin

Our cost of revenue, gross profit, and gross margin are summarized as follows (in thousands, except percentages):

Three Months EndedChangeSix Months EndedChangeAugust 2,2025August 3,2024Amount%August 2,2025August 3,2024Amount%Cost of revenue$90,501$73,365$17,136 23%$173,670$141,990$31,680 22%Gross profit$300,979$226,837$584,694$438,938Gross margin77%76%77%76%

Cost of revenue increased by $17.1 million, or 23%, for the three months ended August 2, 2025 compared to the three