Company: IOT
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001642896-25-000058
Chunk: 53

Company: Samsara Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 8
Chunk 53
---
— 15,686 Corporate notes and bonds— 2,496 — 2,496 Restricted cash—letters of credit14,561 — — 14,561 Total cash equivalents and restricted cash$172,162 $18,182 $— $190,344 Marketable debt securitiesCommercial paper$— $62,590 $— $62,590 Corporate notes and bonds— 444,737 — 444,737 U.S. government and agency securities— 242,547 — 242,547 Total marketable debt securities$— $749,874 $— $749,874 The Company determines the fair value of its security holdings based on pricing from the Company’s service providers and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curve, volatility factors, credit spreads, default rates, loss severity, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures.There were no transfers between Level 1 or Level 2, or transfers in or out of Level 3, of the fair value hierarchy during the three months ended May 3, 2025 and May 4, 2024.

5.    Costs to Obtain and Fulfill a Contract

Deferred Commissions—Total deferred commissions as of May 3, 2025 and February 1, 2025 were $215.8 million and $209.3 million, respectively.

11

Table of Contents

The following table provides the amounts capitalized and amortized for the Company’s commission costs for the periods presented (in thousands):Three Months EndedMay 3, 2025May 4, 2024Capitalized commission costs$23,695 $18,048 Amortization expense$17,250 $12,931 Connected Devices—Total connected device costs, which the Company also refers to as Internet of Things (“IoT”) device costs, current and non-current, as of May 3, 2025 and February 1, 2025 were $368.2 million and $362.3 million, respectively.The following table provides the amounts capitalized and amortized for the Company’s connected device costs for the periods presented