How fast is Samsara growing?

Q1 FY2025 revenue grew 37% year over year to $280.7 million, and ending ARR grew 37% to $1.176 billion. The number of customers with ARR over $100,000 grew 43% to 1,964.

Is Samsara profitable yet?

On a GAAP basis, the company still lost money: operating loss was $66.0 million and net loss was $56.3 million, or $0.10 per share. On a non-GAAP basis, it reported operating income of $6.2 million (a 2% margin) and non-GAAP net income of $0.03 per share. The non-GAAP figures exclude stock-based compensation expense-related charges, which were $72.2 million in the quarter.

What does Samsara expect for the rest of fiscal 2025?

For Q2 FY2025, Samsara expects revenue of $288 million to $290 million, 31% to 32% year-over-year growth, and a (2%) non-GAAP operating margin. For full-year FY2025, it expects revenue of $1.205 billion to $1.213 billion, 29% growth, a 3% non-GAAP operating margin, and non-GAAP diluted net income per share of $0.13 to $0.15.

How much cash is the business generating?

Net cash provided by operating activities was $23.7 million in the quarter, compared with $10.5 million a year earlier. Adjusted free cash flow was $18.6 million, a 7% margin, versus $(2.2) million in the prior-year quarter.

What is happening at Samsara in the coming weeks?

Samsara will hold an Investor Day on Thursday, June 27, 2024, at 12:30 p.m. Pacific Time (3:30 p.m. Eastern Time). It will take place in conjunction with the Samsara Beyond customer conference in Chicago, Illinois, and is intended to provide further insight into the company's trajectory and the state of physical operations.

IOT 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed June 6, 2024. Cited figures are marked; the original filing is the authoritative source.

Samsara Inc. (NYSE: IOT) reported first-quarter fiscal 2025 results for the three months ended May 4, 2024, in a press release furnished as Exhibit 99.1 to this Form 8-K.

Revenue was $280.7 million^a, up 37% year over year from $204.3 million. Ending annual recurring revenue (ARR) was $1.176 billion, up 37% year over year, and the number of customers with ARR over $100,000 rose to 1,964, up 43% year over year. Profitability improved from a year earlier.

GAAP operating loss narrowed to $66.0 million^b, from $75.8 million, and GAAP net loss was $56.3 million, or $0.10 per share. Non-GAAP operating income was $6.2 million, a 2% non-GAAP operating margin, compared with a non-GAAP operating loss of $19.0 million a year earlier. Non-GAAP net income was $0.03 per share, compared with a loss of $0.02 per share.

Net cash provided by operating activities was $23.7 million^c, and adjusted free cash flow was $18.6 million, a 7% margin. For guidance, Samsara expects second-quarter total revenue of $288 million to $290 million, with 31% to 32% year-over-year growth, and a non-GAAP operating margin of (2%).

For fiscal 2025 it expects total revenue of $1.205 billion to $1.213 billion^d, 29% year-over-year growth, a 3% non-GAAP operating margin, and non-GAAP diluted net income per share of $0.13 to $0.15. The company also announced an Investor Day on June 27, 2024, to be held alongside its Samsara Beyond customer conference in Chicago.

02—Key points

Key Highlights

Q1 FY2025 revenue of $280.7 million, up 37% year over year from $204.3 million
Ending ARR of $1.176 billion, up 37% year over year; customers with ARR over $100,000 reached 1,964, up 43% year over year
GAAP gross margin of 76%, up from 72%; non-GAAP gross margin of 77%, up from 73%
GAAP operating loss narrowed to $66.0 million from $75.8 million; non-GAAP operating margin improved to 2% from (9%)
Net cash provided by operating activities of $23.7 million and adjusted free cash flow of $18.6 million (7% margin), versus adjusted free cash flow of $(2.2) million a year earlier
FY2025 guidance of $1.205 billion to $1.213 billion in revenue (29% growth) and a 3% non-GAAP operating margin; Q2 guidance of $288 million to $290 million in revenue (31% to 32% growth)
Investor Day scheduled for June 27, 2024, at 12:30 p.m. Pacific Time, held with the Samsara Beyond customer conference in Chicago

03—Questions

Frequently Asked Questions

How fast is Samsara growing?
Q1 FY2025 revenue grew 37% year over year to $280.7 million, and ending ARR grew 37% to $1.176 billion. The number of customers with ARR over $100,000 grew 43% to 1,964.
Is Samsara profitable yet?
On a GAAP basis, the company still lost money: operating loss was $66.0 million and net loss was $56.3 million, or $0.10 per share. On a non-GAAP basis, it reported operating income of $6.2 million (a 2% margin) and non-GAAP net income of $0.03 per share. The non-GAAP figures exclude stock-based compensation expense-related charges, which were $72.2 million in the quarter.
What does Samsara expect for the rest of fiscal 2025?
For Q2 FY2025, Samsara expects revenue of $288 million to $290 million, 31% to 32% year-over-year growth, and a (2%) non-GAAP operating margin. For full-year FY2025, it expects revenue of $1.205 billion to $1.213 billion, 29% growth, a 3% non-GAAP operating margin, and non-GAAP diluted net income per share of $0.13 to $0.15.
How much cash is the business generating?
Net cash provided by operating activities was $23.7 million in the quarter, compared with $10.5 million a year earlier. Adjusted free cash flow was $18.6 million, a 7% margin, versus $(2.2) million in the prior-year quarter.
What is happening at Samsara in the coming weeks?
Samsara will hold an Investor Day on Thursday, June 27, 2024, at 12:30 p.m. Pacific Time (3:30 p.m. Eastern Time). It will take place in conjunction with the Samsara Beyond customer conference in Chicago, Illinois, and is intended to provide further insight into the company's trajectory and the state of physical operations.

04—Continue

← View all 8-K filings