Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 57

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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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. The Company’s provision for income taxes was $1.6 million and $1.0 million for the three months ended August 2, 2025 and August 3, 2024, respectively, and $3.2 million and $1.4 million for the six months ended August 2, 2025 and August 3, 2024, respectively. The Company has incurred U.S. operating losses and has minimal profits in foreign jurisdictions.The Company computes its tax provision for interim periods by applying the estimated annual effective tax rate to year-to-date pre-tax income from recurring operations and adjusting for discrete tax items arising in that quarter.

19

As of August 2, 2025 and February 1, 2025, based on all available objective evidence, including the existence of cumulative losses, the Company determined that it was not more likely than not that the net deferred tax assets were fully realizable for U.S. federal and state tax purposes. Accordingly, the Company established a full valuation allowance against its deferred tax assets for U.S. federal and state tax purposes. The Company