Company: IOT
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001642896-25-000058
Chunk: 19

Company: Samsara Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 periods presented (in thousands): Three Months EndedMay 3, 2025May 4, 2024Deferred revenue, beginning of period$685,770 $565,486 Deferred revenue, end of period$706,112 $588,017 Revenue recognized in the period from beginning deferred revenue balance$338,793 $258,552 Remaining Performance Obligations (“RPO”)—RPO represents the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.As of May 3, 2025, the Company’s RPO was $2,755.5 million, of which the Company expects to recognize revenue of approximately $1,311.5 million over the next 12 months, with the remaining balance to be recognized thereafter.Concentrations of Significant Customers and Credit Risk—No customer accounted for greater than 10% of the Company’s total revenue for the three months ended May 3, 2025 and May 4, 2024.There were no customers that individually represented greater than 10% of the Company’s accounts receivable as of May 3, 2025 and February 1, 2025.

13

Table of Contents

8.    Leases

The Company leases office space under operating lease agreements that are non-cancelable (subject to limited termination rights). These leases have remaining lease terms ranging from one year to approximately six years. The Company is required to pay property taxes, insurance, and normal maintenance costs for certain of these facilities and will be required to pay any increases over the base year of these expenses on the remainder of the Company’s facilities.The components of operating lease expense were as follows (in thousands):Three Months EndedMay 3, 2025May 4, 2024Operating lease cost$4,741 $5,697 Short-term lease cost353 207 Sublease income(358)(345)Total lease cost$4,736 $5,559 Supplemental information related to operating leases was as follows (in thousands, except for weighted-average data):Three Months EndedMay 3, 2025May 4, 2024Cash paid for amounts in the measurement of operating lease liabilities—operating cash flows$6,219 $6,911 Operating lease right-of-use (“ROU”) assets obtained in exchange for new operating lease liabilities$6,768