Company: IOT
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001642896-25-000058
Chunk: 18

Company: Samsara Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 included on the Company’s condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):Three Months EndedMay 3, 2025May 4, 2024Depreciation and amortization expense (1)$5,142 $4,455 

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__________(1)Included in these amounts were the amortization of capitalized internal-use software development costs of $3.0 million and $1.9 million for the three months ended May 3, 2025 and May 4, 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 cloud-based Applications via mobile app(s) or a website that enable data collection and provide access to the cellular network, generally one or more wireless gateways, cameras, sensors and other devices (collectively, “connected devices” or “IoT devices”), support services delivered over the term of the arrangement, and warranty coverage. The Company’s Connected Operations Platform and the related connected device access points are highly interdependent and interrelated, and represent a combined performance obligation, which is recognized over the related subscription period.Other revenue is generally recognized at a point in time and is earned through the sale of replacement gateways, sensors and cameras, as well as shipping and handling fees, credit card processing fees, and professional services.Revenue consists of the following (in thousands):Three Months EndedMay 3, 2025May 4, 2024Subscription revenue$359,604 $276,194 Other revenue7,280 4,532 Total revenue$366,884 $280,726 Accounts Receivable—An allowance for credit losses balance of $10.7 million and $9.1 million was recorded as of May 3, 2025 and February 1, 2025, respectively. During the three months ended May 3, 2025, the Company recorded a charge of $1.4 million to operations and recovered $0.2 million against the allowance. During the three months ended May 4, 2024, the Company recorded a charge of $2.2 million to operations and wrote off $1.6 million against the allowance.Deferred Revenue—The following table provides the deferred revenue balances and revenue recognized from beginning deferred revenue balances for the