Company: IOT
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001642896-25-000022
Chunk: 16

Company: Samsara Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7
Chunk 16
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 (used in) operating activities for the periods presented (in thousands, except percentages):

Fiscal Year EndedFebruary 1, 2025February 3, 2024January 28, 2023Net cash provided by (used in) operating activities$131,659 $(11,815)$(103,021)Purchases of property and equipment(20,177)(10,953)(33,240)Free cash flow (1)$111,482 $(22,768)$(136,261)Net cash provided by (used in) operating activities margin11 %(1 %)(16 %)Free cash flow margin (1)9 %(2 %)(21 %)Net cash used in investing activities$(66,621)$(78,687)$(631,848)Net cash provided by financing activities$27,101 $20,997 $14,212 

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(1)Free cash flow includes the cash impact of non-recurring capital expenditures associated with the build-out of our corporate office facilities in San Francisco, California, net of tenant allowances, and legal settlements (in thousands):

Fiscal Year EndedFebruary 1, 2025February 3, 2024January 28, 2023Purchases of property and equipment for build-out of corporate office facilities, net of tenant allowances (2)$— $(10,179)$26,227 Legal settlement (3)$— $60,000 $— 

(2)In April 2023, we settled a lease dispute which was primarily related to lease incentives associated with leasehold improvements in the form of a tenant allowance and received $11.3 million.

(3)In January 2024, we settled non-recurring lease-related litigation and made a cash payment of $60.0 million.

Liquidity and Capital Resources

Liquidity is a measure of our ability to access sufficient cash flows to meet the short-term and long-term cash requirements of our business operations.

Since our founding, we have financed our operations primarily through the sale of equity securities and payments received from our customers. In December 2021, we completed our IPO, which resulted in aggregate net proceeds of $846.7 million, including proceeds from the underwriters’ exercise of their option to purchase additional shares of our Class A common stock in January 2022 and net of underwriting discounts and commissions. We have generated significant operating losses from our operations, as reflected in our accumulated deficit of $