Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 112

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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2025 compared to the six months ended August 3, 2024, primarily due to an $11.8 million increase in consulting and professional services fees and a $10.0 million increase in employee-related costs, which included a $6.3 million increase in stock-based compensation expense and a $3.7 million increase in salaries and benefits and related employer taxes, primarily due to increased headcount.

Interest Income and Other Income, Net

Interest income and other income, net, are summarized as follows (in thousands, except percentages):

Three Months EndedChangeSix Months EndedChangeAugust 2,2025August 3,2024Amount%August 2,2025August 3,2024Amount%Interest income and other income, net$11,426 $9,626 $1,800 19%$24,149 $19,710 $4,439 23%

Interest income and other income, net, increased by $1.8 million, or 19%, for the three months ended August 2, 2025 compared to the three months ended August 3, 2024. This increase was favorably impacted by $1.0 million in higher foreign currency gains and $0.8 million in higher interest income earned on a larger balance of our marketable debt securities and money market funds.

Interest income and other income, net, increased by $4.4 million, or 23%, for the six months ended August 2, 2025 compared to the six months ended August 3, 2024. This increase was favorably impacted by $2.9 million in higher foreign currency gains and $1.6 million in higher interest income earned on a larger balance of our marketable debt securities and money market funds.

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Provision for Income Taxes

Provision for income taxes is summarized as follows (in thousands, except percentages):

Three Months EndedChangeSix Months EndedChangeAugust 2,2025August 3,2024Amount%August 2,2025August 3,2024Amount%Provision for income taxes$1,607$1,042$565 54%$3,196$1,418$1,778 125%Effective tax rate(10.6%)(2.1%)(8.9%)(1.4%)

The provision for income taxes increased by $0.6 million and $1.8 million, or 54% and 125%, for the three and