Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 87

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 gains or losses that were reclassified out of accumulated other comprehensive income (loss), either individually or in the aggregate, during the three and six months ended August 2, 2025 and August 3, 2024.Concentrations of Credit Risk—The Company maintains its investments in marketable debt securities with high-quality financial institutions with investment-grade ratings.

4.    Fair Value Measurements

The Company reports financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value in the condensed consolidated financial statements on a recurring basis. The authoritative guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:Level 1—Observable inputs that reflect quoted prices (unadjusted) in active markets for identical assets or liabilities.Level 2—Observable inputs other than quoted prices in active markets for identical assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.Level 3—Inputs that are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability.The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest-level input that is significant to the fair value measurement in its entirety.

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The following tables present the fair value hierarchy for assets measured at fair value on a recurring basis as of the periods presented (in thousands):As of August 2, 2025Level 1Level 2Level 3TotalCash equivalents and restricted cashCash equivalents:Money market funds$64,802 $— $— $64,802 Commercial paper— 95,998 — 95,998 U.S. government and agency securities— 17,464 — 17,464 Restricted cash—letters of credit17,806 — — 17,806 Total cash equivalents and restricted cash$82,608 $113,462 $— $196,070 Marketable debt securitiesCommercial paper$— $115,139 $— $115,139 Corporate notes and bonds— 461