01—Abstract
Summary
Summary of the 10-Q filed December 9, 2025. Cited figures are marked; the original filing is the authoritative source.
Samsara Inc. reported revenue of $416.0 milliona for the three months ended November 1, 2025, up 29% from $322.0 million a year earlier, and $1,174.3 million for the nine months, up 30% from $902.9 million.
The company posted net income of $7.8 millionb for the quarter, compared with a net loss of $37.8 million in the prior-year quarter. For the nine months, the net loss narrowed to $31.2 million from $143.7 million. Management attributed the revenue growth primarily to new customers and increased subscription purchases by existing customers.
Gross margin was 77% for both the quarter and the nine months, and non-GAAP operating margin for the quarter was 19%, compared with 11% a year earlier. Key balance sheet and cash flow indicators strengthened. Cash, cash equivalents, and short-term and long-term investments totaled $1,147.2 millionc as of November 1, 2025.
Net cash provided by operating activities was $166.5 milliond for the nine months, and free cash flow was $145.7 million, compared with $77.8 million and $63.0 million, respectively, in the prior-year period. Annual recurring revenue (ARR) was $1,745.1 million, up from $1,348.9 million, and remaining performance obligations were $3,378.2 million, of which approximately $1,499.4 million is expected to be recognized over the next 12 months. The company continues to carry an accumulated deficit of $1,641.2 million and stock-based compensation of $236.1 million for the nine months, which is excluded from non-GAAP measures.
The filing also discloses Rule 10b5-1 trading plans adopted by CEO Sanjit Biswas, CTO John Bicket, and Director Jonathan Chadwick, and CAO Benjamin Kirchhoff, covering sales of up to 5,000,000 shares each for Biswas and Bicket, up to 40,000 shares for Chadwick, and up to 26,823 shares (plus future award shares) for Kirchhoff. Management also stated that existing resources are expected to support working capital and capital expenditure needs for at least the next 12 months.
02—Key points
Key Highlights
- Revenue rose 29% to $416.0 million in the third quarter and 30% to $1,174.3 million for the nine months, driven by new customers and expanded subscriptions from existing customers.
- Net income of $7.8 million in the quarter compares with a net loss of $37.8 million a year earlier; the nine-month net loss narrowed to $31.2 million from $143.7 million.
- Gross margin was 77% for both the quarter and nine months, and non-GAAP operating margin was 19% for the quarter versus 11% in the prior-year quarter.
- Operating cash flow was $166.5 million and free cash flow was $145.7 million for the nine months, up from $77.8 million and $63.0 million.
- ARR reached $1,745.1 million, up from $1,348.9 million, and customers over $100,000 in ARR rose to 2,990 from 2,292.
- Remaining performance obligations totaled $3,378.2 million, with approximately $1,499.4 million expected to be recognized over the next 12 months.
- Cash, cash equivalents, and investments totaled $1,147.2 million as of November 1, 2025, and the accumulated deficit was $1,641.2 million.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q3 FY2026, Samsara kept $0.02.
- Revenue$416.0M100.0%
- Cost of revenue−$97.0M23.3%
- Gross profit$319.0M76.7%
- Operating costs−$320.7M77.1%
- Operating income−$1.7M0.4%
- Interest, other & tax$9.5M2.3%
- Net income$7.8M1.9%
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2026filed December 9, 2025Financial Statements
Q3 FY2026 against Q3 FY2025
| Line item | Q3 FY2026Q3 FY2025 | Change |
|---|---|---|
| Revenue | $415.98M$321.98M | +29.2% |
| Cost of Revenue | $96.96M$76.03M | +27.5% |
| Gross Profit | $319.01M$245.95M | +29.7% |
| R&D Expenses | $86.22M$76.99M | +12.0% |
| Operating Expenses | $320.73M$293.32M | +9.3% |
| Operating Income | -$1.72M-$47.37M | +96.4% |
| Net Income | $7.77M-$37.81M | +120.5% |
| EPS (Basic) | $0.01$-0.07 | +114.3% |
| EPS (Diluted) | $0.01$-0.07 | +114.3% |
| Shares Outstanding (Basic) | 575.47M559.01M | +2.9% |
| Shares Outstanding (Diluted) | 585.64M559.01M | +4.8% |
05—Questions
Frequently Asked Questions
Did Samsara become profitable this quarter?
On a GAAP basis, the company reported net income of $7.8 million for the three months ended November 1, 2025, compared with a net loss of $37.8 million in the prior-year quarter. For the nine months, it still reported a net loss of $31.2 million. The filing notes that the company has generated significant operating losses historically and has an accumulated deficit of $1,641.2 million.
What drove revenue growth?
Management attributed the 29% quarterly and 30% nine-month revenue increases primarily to an increase in new customers and increased purchases of subscriptions to the Connected Operations Platform, including additional Applications, by existing customers. Subscription revenue was $408.1 million for the quarter, versus $316.2 million a year earlier.
How strong is the company's cash position?
Cash, cash equivalents, and short-term and long-term investments totaled $1,147.2 million as of November 1, 2025. Net cash provided by operating activities was $166.5 million for the nine months, compared with $77.8 million in the prior-year period. Management believes existing cash and investments will be sufficient for working capital and capital expenditures for at least the next 12 months, though it may need additional capital to pursue strategic initiatives.
Does the company pay dividends or plan share repurchases?
The filing states that the company has never paid and has no current intention to pay cash dividends on its common stock. Under Item 2, it reports no unregistered sales of equity securities and no issuer purchases of equity securities during the quarter.
Are insiders selling shares under trading plans?
Yes. CEO Sanjit Biswas and CTO John Bicket each adopted plans covering up to 5,000,000 Class A shares, adopted September 29, 2025 and terminating December 24, 2026. Director Jonathan Chadwick adopted a plan for up to 40,000 shares, and Chief Accounting Officer Benjamin Kirchhoff adopted a plan for up to 26,823 shares plus certain net shares from newly granted awards. All plans are intended to satisfy Rule 10b5-1(c) affirmative defense conditions.
06—Continue