Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 90

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 respectively, and $1.1 million and $2.3 million of capitalized stock-based compensation expense for the three and six months ended August 3, 2024, respectively.

13

Depreciation and amortization of property and equipment included on 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, 2024Depreciation and amortization expense (1)$5,399 $4,633 $10,541 $9,088 __________(1)Included in these amounts were the amortization of capitalized internal-use software costs of $3.3 million and $6.3 million for the three and six months ended August 2, 2025, respectively, and $2.1 million and $4.0 million for the three and six months ended August 3, 2024, respectively.

7.    Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations

Revenue Recognition—Subscription revenue is generated from subscriptions to access the Company’s Connected Operations Platform. Subscription agreements contain multiple service elements for one or more of the Company’s cloud-based Applications via mobile app(s) or a website that enable data collection and provide access to the cellular network, generally one or more wireless gateways, cameras, sensors and other devices (collectively, “connected devices” or “Internet of Things (“IoT”) devices”), support services delivered over the term of the arrangement, and warranty coverage. The Company’s Connected Operations Platform and the related connected device access points are highly interdependent and interrelated, and represent a combined performance obligation, which is recognized over the related subscription period.Other revenue is generally recognized at a point in time and is earned through the sale of replacement IoT devices, as well as shipping and handling fees, and professional services.Revenue consists of the following (in thousands):Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Subscription revenue$383,890 $295,324 $743,494 $571,518 Other revenue7,590 4,878 14,870 9,410 Total revenue$391,480 $300,202 $758,364 $580,928 Accounts Receivable—An allowance for credit