Samsara (US:IOT)2025-12-09 21:12Revenue Growth - Revenue for the three months ended November 1, 2025, was $416.0 million, a 29% increase from $322.0 million for the same period in 2024[116] - For the nine months ended November 1, 2025, revenue reached $1,174.3 million, reflecting a 30% increase from $902.9 million in the prior year[116] - Annual recurring revenue (ARR) as of November 1, 2025, was $1,745.1 million, up from $1,348.9 million a year earlier[117] - The number of customers generating over $100,000 in ARR increased to 2,990, compared to 2,292 in the previous year[117] Profitability - The company reported a net income of $7.8 million for the three months ended November 1, 2025, compared to a net loss of $37.8 million for the same period in 2024[116] - The net loss for the nine months ended November 1, 2025, was $31.2 million, significantly improved from a net loss of $143.7 million in the same period of 2024[116] - Non-GAAP gross profit for the three months ended November 1, 2025, was $323.7 million, compared to $249.8 million for the same period in 2024[154] - The company reported a non-GAAP operating margin of 19% for the three months ended November 1, 2025, compared to 11% for the same period in 2024[154] - Non-GAAP net income for the three months ended November 1, 2025, was $89.3 million, compared to $43.5 million for the same period in 2024, indicating an increase of 105.5%[161] Cash Flow - Free cash flow for the nine months ended November 1, 2025, was $145.7 million, up from $63.0 million for the same period in 2024[154] - Cash provided by operating activities for the nine months ended November 1, 2025, was $166.5 million, compared to $77.8 million for the same period in 2024, reflecting an increase of 113.0%[171] - The company generated positive operating cash flows beginning in fiscal year 2025, after experiencing negative cash flows in the preceding two fiscal years[169] Expenses - Cost of revenue increased by $20.9 million, or 28%, for the three months ended November 1, 2025, primarily due to increased cloud and cellular costs and connected device costs[140] - Research and development expense rose by $9.2 million, or 12%, for the three months ended November 1, 2025, mainly due to increased employee-related costs[144] - Sales and marketing expense increased by $18.3 million, or 12%, for the three months ended November 1, 2025, primarily due to higher employee-related costs and marketing expenditures[146] - General and administrative expense grew by $3.5 million, or 6%, for the three months ended November 1, 2025, largely due to increased stock-based compensation and consulting fees[148] Market and Economic Factors - Macroeconomic trends, including inflation and supply chain disruptions, may impact the company's growth and operational results[124] - The company does not believe inflation has materially impacted its financial statements, but significant inflation could affect cost management[186] - A hypothetical 10% change in the U.S. dollar's value relative to other currencies would not materially impact the financial statements[185] Investments and Financial Position - Total cash, cash equivalents, and short-term and long-term investments as of November 1, 2025, amounted to $1,147.2 million[166] - The company reported an accumulated deficit of $1,641.2 million as of November 1, 2025[164] - Cash used in investing activities for the nine months ended November 1, 2025, was $134.7 million, primarily due to $643.1 million in purchases of investments[173] - As of February 1, 2025, the company had $977.5 million in cash, cash equivalents, and investments[184] Operational Efficiency - Gross margin improved to 77% for the three months ended November 1, 2025, up from 76% for the same period in 2024, driven by operational efficiencies[141] - Non-GAAP gross margin for the three months ended November 1, 2025, was 78%, consistent with the previous year[158]