Company: IOT
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001642896-25-000022
Chunk: 142

Company: Samsara Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 142
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 following, among others:

•We tested the effectiveness of internal controls over the Company’s assessment of whether the connected devices and related subscriptions to the Connected Operations Platform represent separate or combined performance obligations.

•We evaluated management’s analysis of its performance obligations, including their assessment of the nature, interdependency, and level of integration between the connected devices and Connected Operations Platform. This included, among other things, gaining a detailed understanding of the nature of the Company’s devices and the Connected Operations Platform, how they function, and how they are marketed to customers, and confirming our understanding with key individuals in the Company’s product function.

•For a sample of the Company’s revenue arrangements, we assessed the relationship between the number of devices shipped and the number of subscriptions granted to the Connected Operations Platform to determine whether such relationship provided supporting or contradictory evidence related to management’s conclusion that the connected devices and the Connected Operations Platform represent a combined performance obligation.

/s/ Deloitte & Touche LLP

San Francisco, California

March 25, 2025

We have served as the Company’s auditor since 2018.

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Table of Contents

SAMSARA INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

As ofFebruary 1, 2025February 3, 2024AssetsCurrent assets:Cash and cash equivalents$227,576 $135,536 Short-term investments467,222 412,126 Accounts receivable, net234,016 161,829 Inventories38,911 22,238 Connected device costs, current119,323 104,008 Prepaid expenses and other current assets58,106 51,221 Total current assets1,145,154 886,958 Restricted cash18,218 19,202 Long-term investments282,652 276,166 Property and equipment, net58,151 54,969 Operating lease right-of-use assets64,864 81,974 Connected device costs, non-current242,928 230,782 Deferred commissions209,341 177,562 Other assets, non-current2,994 7,232 Total assets$2,024,302 $1,734,845 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$64,017 $46,281 Accrued expenses and other current liabilities74,976 61,437 Accrued compensation and benefits43,443 37,068 Deferred revenue