Samsara (US:IOT)2026-03-05 21:11Financial Performance - Fiscal Year 2026 ended with $1.9 billion in Annual Recurring Revenue (ARR), a 30% year-over-year increase in constant currency[2] - Q4 FY2026 total revenue reached $444.3 million, reflecting a 28% year-over-year growth in actuals and 27% in constant currency[3] - Q4 net new ARR was $144.8 million, representing a 33% year-over-year growth in actuals and 31% in constant currency[4] - For FY2026, total revenue was $1.618 billion, a 30% increase compared to FY2025[5] - The company expects Q1 FY2027 total revenue to be between $454 million and $456 million, indicating a year-over-year growth of 24%[6] - FY2027 total revenue guidance is projected to be between $1.965 billion and $1.975 billion, with a year-over-year growth of 21% to 22%[6] Profitability - GAAP net income per share for Q4 FY2026 was $0.04, marking the second consecutive quarter of GAAP profitability[4] - Non-GAAP net income per share for FY2027 is expected to be between $0.65 and $0.69[6] - Non-GAAP net income for the fiscal year ended January 31, 2026, was $325.858 million, up from $148.618 million in the previous fiscal year[38] - The company reported a net income of $22.038 million for the three months ended January 31, 2026, compared to a net loss of $11.202 million for the same period last year[38] Operating Metrics - Samsara's non-GAAP operating margin for FY2026 was 17%, an increase of 8 percentage points from FY2025[5] - Non-GAAP operating income for the fiscal year ended January 31, 2026, was a loss of $52,576,000, an improvement from a loss of $189,973,000 in the previous fiscal year[33] - Operating income for the three months ended January 31, 2026, was $9.019 million, compared to a loss of $18.412 million for the same period last year[38] Cash Flow and Assets - Free cash flow for the three months ended January 31, 2026, was $61.715 million, compared to $48.512 million for the same period last year[44] - Total current assets increased to $1,507,118,000 as of January 31, 2026, from $1,212,274,000 as of February 1, 2025, reflecting a growth of 24.3%[30] - Cash, cash equivalents, and restricted cash at the end of the period was $324.843 million, an increase from $245.794 million at the beginning of the period[44] - The company reported a net cash provided by operating activities of $69.733 million for the three months ended January 31, 2026, compared to $53.859 million for the same period last year[44] Liabilities and Equity - Total liabilities rose to $1,120,227,000 as of January 31, 2026, compared to $955,106,000 as of February 1, 2025, marking an increase of 17.3%[30] - Total stockholders' equity increased to $1,420,447,000 as of January 31, 2026, from $1,069,196,000 as of February 1, 2025, reflecting a growth of 32.7%[30] Stock-Based Compensation - The company experienced a significant increase in stock-based compensation expense, totaling $82.819 million for the three months ended January 31, 2026, compared to $73.068 million for the same period last year[44] - Stock-based compensation expense-related charges included approximately $1.1 million and $3.7 million for the three months and fiscal year ended January 31, 2026, respectively[6] - For the fiscal year ended February 1, 2025, stock-based compensation expense-related charges included approximately $0.6 million and $2.2 million for the three months and fiscal year, respectively[6] Customer Metrics - The company defines a customer as an entity with an ARR of greater than $1,000 at the end of a reporting period, which is subject to adjustments for various market activities[22] - The company captured over 25 trillion data points annually, enhancing its AI-powered platform capabilities[2]