Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 98

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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2025 and August 3, 2024 was based on the historical volatility of the Company.Expected term (years)—The expected term is approximately 0.5 years for the first purchase period and approximately 1.0 year for the second purchase period.Risk-free interest rate—The risk-free interest rate assumption is based on observed U.S. Treasury yield curve interest rates in effect at the time of grant appropriate for the expected term of the stock-based award.Expected dividend yield—Because the Company has never paid and has no current intention to pay cash dividends on its common stock, the expected dividend yield is zero.Stock-Based Compensation Expense—Stock-based compensation expense, by grant type, was as follows (in thousands):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Stock options$— $773 $— $1,557 RSUs78,086 67,630 152,148 128,498 Employee stock purchase plan3,049 3,201 6,066 6,205 Total stock-based compensation expense$81,135 $71,604 $158,214 $136,260 Stock-based compensation expense included in the following line items of the Company’s condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Cost of revenue$3,620 $3,218 $6,867 $6,148 Research and development29,859 25,977 56,879 49,376 Sales and marketing23,836 21,386 47,384 39,878 General and administrative23,820 21,023 47,084 40,858 Total stock-based compensation expense$81,135 $71,604 $158,214 $136,260 

11.    Income Taxes

The Company had an effective tax rate of (10.6%) and (2.1%) for the three months ended August 2, 2025 and August 3, 2024, respectively, and (8.9%) and (1.4%) for the six months ended August 2, 2025 and August 3, 2024, respectively.