Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 89

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 2024Capitalized commission costs$28,816 $19,641 $52,511 $37,689 Amortization expense$18,387 $13,876 $35,637 $26,807 Connected Devices—Total connected device costs, current and non-current, as of August 2, 2025 and February 1, 2025 were $374.6 million and $362.3 million, respectively.The following table provides the amounts capitalized and amortized for connected device costs for the periods presented (in thousands):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Capitalized connected device costs$40,482 $33,655 $79,055 $67,369 Amortization expense$34,141 $28,827 $66,723 $56,482 

6.    Balance Sheet Components

Inventories—Inventories consist of the following (in thousands):As ofAugust 2, 2025February 1, 2025Raw materials$7,269 $8,452 Finished goods40,307 30,459 Total inventories$47,576 $38,911 Property and Equipment, Net—Property and equipment, net, comprises the following (in thousands):As of August 2, 2025February 1, 2025Gross property and equipment:Computers and equipment$14,794 $6,579 Leasehold improvements48,498 48,551 Furniture and fixtures17,625 17,464 Internal-use software costs (1)65,834 51,410 Total gross property and equipment146,751 124,004 Accumulated depreciation and amortization (2)(76,313)(65,853)Property and equipment, net (2)$70,438 $58,151 __________(1)$14.4 million has been capitalized since February 1, 2025.(2)The Company wrote off $4.0 million of fully depreciated assets as they were no longer in use during the fiscal year ended February 1, 2025.The Company’s internal-use software costs included $2.3 million and $4.1 million of capitalized stock-based compensation expense for the three and six months ended August 2, 2025,