Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 50

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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112 $588,017 $685,770 $565,486 Deferred revenue, end of period$740,512 $622,722 $740,512 $622,722 Revenue recognized in the period from beginning deferred revenue balance$344,827 $270,053 $440,914 $331,754 Remaining Performance Obligations (“RPO”)—RPO represents the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.As of August 2, 2025, the Company’s RPO was $3,165.5 million, of which the Company expects to recognize revenue of approximately $1,401.8 million over the next 12 months, with the remaining balance to be recognized thereafter.

14

Concentrations of Significant Customers and Credit Risk—No customer accounted for greater than 10% of the Company’s total revenue for the three and six months ended August 2, 2025 and August 3, 2024.There were no customers that individually represented greater than 10% of the Company’s accounts receivable as of August 2, 2025 and February 1, 2025.

8.    Leases

The Company leases office space under operating lease agreements that are non-cancelable and have remaining lease terms ranging from one year to approximately six years. The Company is required to pay property taxes, insurance, and normal maintenance costs for certain of these facilities.The components of operating lease expense were as follows (in thousands):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Operating lease cost$4,672 $5,700 $9,413 $11,397 Short-term lease cost357 182 710 389 Sublease income(358)(345)(716)(690)Total lease cost$4,671 $5,537 $9,407 $11,096 Supplemental information related to operating leases was as follows (in thousands, except for weighted-average data):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Cash paid for operating leases$6,412 $7,021 $12,631