Company: IOT
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001628280-25-056069
Chunk: 62

Company: Samsara Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 1
Chunk 62
---
-based compensation expense$77,843 $72,592 $236,057 $208,852 Stock-based compensation expense included in the following line items of the Company’s condensed consolidated statements of operations and comprehensive income (loss) was as follows (in thousands):Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Cost of revenue$3,553 $3,041 $10,420 $9,189 Research and development30,896 26,899 87,775 76,275 Sales and marketing20,541 22,008 67,925 61,886 General and administrative22,853 20,644 69,937 61,502 Total stock-based compensation expense$77,843 $72,592 $236,057 $208,852 

11.    Income Taxes

The Company had an effective tax rate of 14.6% and (1.3%) for the three months ended November 1, 2025 and November 2, 2024, respectively, and (17.0%) and (1.3%) for the nine months ended November 1, 2025 and November 2, 2024, respectively. The Company’s provision for income taxes was $1.3 million and $0.5 million for the three months ended November 1, 2025 and November 2, 2024, respectively, and $4.5 million and $1.9 million for the nine months ended November 1, 2025 and November 2, 2024, respectively. The Company has incurred year-to-date U.S. operating losses and has minimal profits in foreign jurisdictions.

19

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.As of November 1, 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 intends to maintain a full valuation allowance on