Company: IOT
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001628280-25-056069
Chunk: 77

Company: Samsara Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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Interest income and other income, net$10,816 $10,057 $759 8%$34,965 $29,767 $5,198 17%

Interest income and other income, net, increased by $0.8 million, or 8%, for the three months ended November 1, 2025 compared to the three months ended November 2, 2024. This increase was impacted by $0.9 million in higher interest income due to a 22% increase in our marketable debt securities and money market funds balances, partially offset by the impact of interest rate fluctuations.

Interest income and other income, net, increased by $5.2 million, or 17%, for the nine months ended November 1, 2025 compared to the nine months ended November 2, 2024. This increase was favorably impacted by $2.8 million in higher foreign currency gains and $2.6 million in higher interest income earned on a larger balance of our marketable debt securities and money market funds.

Provision for Income Taxes

Provision for income taxes is summarized as follows (in thousands, except percentages):

Three Months EndedChangeNine Months EndedChangeNovember 1,2025November 2,2024Amount%November 1,2025November 2,2024Amount%Provision for income taxes$1,329$493$836 170%$4,525$1,911$2,614 137%Effective tax rate14.6%(1.3%)(17.0%)(1.3%)

The provision for income taxes increased by $0.8 million and $2.6 million, or 170% and 137%, for the three and nine months ended November 1, 2025, respectively, compared to the three and nine months ended November 2, 2024, primarily due to the growth of our operations in foreign jurisdictions.

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Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we review the following non-GAAP financial measures to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans, and make strategic decisions (in thousands, except percentages):

Three Months EndedNovember 1, 2025November 2, 2024Non-GAAP gross profit$323,693 $249,833 Non-GAAP gross margin78%78%