Samsara (IOT) IOT Q3 Financial Results Summary

2025-12-05 · Stocks · QuoteReporter

Samsara Inc. (IOT) Q3 2026 Financial Results Summary

Samsara Inc. (NYSE: IOT) released its financial results for the third quarter ended November 1, 2025, on December 4, 2025. Below is a summary of the reported financial performance and key metrics.

Key Financial Highlights

Total Revenue:
Q3 FY2026: $416.0 million
Q3 FY2025: $322.0 million
Year-over-Year Growth: 29% (both actuals and in constant currency)
Annual Recurring Revenue (ARR):
Q3 FY2026: $1.745 billion
Q3 FY2025: $1.349 billion
Year-over-Year Growth: 29% (both actuals and in constant currency)
Customer Growth:
Customers with ARR over $100,000: 2,990 (up 219 from the previous quarter, a record)
Customers with ARR over $1,000,000: 164 (up 17 from the previous quarter, tying a record)
Profitability:
Achieved the first quarter of GAAP profitability with a GAAP net income of $7.8 million.

Additional Financial Metrics

GAAP Gross Profit:
Q3 FY2026: $319.0 million (up from $246.0 million in Q3 FY2025)
GAAP Gross Margin: 77% (vs 76% in the prior year)
Non-GAAP Metrics:
Non-GAAP Gross Profit: $323.7 million (up from $249.8 million)
Non-GAAP Gross Margin: 78% (unchanged from the prior year)
Non-GAAP Operating Income: $79.8 million (up from $33.9 million)
Non-GAAP Operating Margin: 19% (up from 11%)
Operating Loss:
GAAP Operating Loss: $1.7 million (significantly improved from $47.4 million)
Cash Flow:
Net Cash Provided by Operating Activities: $63.7 million (up from $36.0 million)
Adjusted Free Cash Flow: $55.8 million (up from $31.2 million)
Net Income (Loss) per Share:
GAAP Net Income per Share (basic and diluted): $0.01 (compared to -$0.07)
Non-GAAP Net Income per Share (basic): $0.16 (compared to $0.08)

Guidance for Q4 FY2026

Total Revenue Outlook: Between $421 million and $423 million, expecting 22% year-over-year growth.
Non-GAAP Operating Margin: Expected to stabilize at 16%.
Non-GAAP Net Income per Share: Expected between $0.12 and $0.13.

Dividend and Share Repurchase

Dividends: There is no mention of a quarterly dividend being declared.
Share Repurchase: No share repurchase activities were disclosed.

Future Outlook

Samsara highlighted its ongoing efforts to support customers in navigating complex operational landscapes, primarily leveraging AI advancements through its Connected Operations® platform. The company foresees continued growth driven by its expanding customer base and innovative product offerings.

Conclusion

Samsara continues to demonstrate strong financial performance with significant year-over-year growth across all key metrics, marking a positive trajectory as it moves forward in fiscal year 2026. Its achievement of GAAP profitability for the first time represents a significant milestone for the company.

	Three Months Ended	Nine Months Ended
	November 1, 2025	November 2, 2024	November 1, 2025	November 2, 2024
Revenue	$415,975	$321,981	$1,174,339	$902,909
Cost of revenue	96,964	76,027	270,634	218,017
Gross profit	319,011	245,954	903,705	684,892
Operating expenses:
Research and development	86,219	76,990	255,073	226,439
Sales and marketing	168,392	150,065	507,875	448,995
General and administrative	66,121	62,660	202,352	177,410
Lease modification, impairment, and related charges	—	3,609	—	3,609
Total operating expenses	320,732	293,324	965,300	856,453
Loss from operations	-1,721	-47,370	-61,595	-171,561
Interest income and other income, net	10,816	10,057	34,965	29,767
Income (loss) before provision for income taxes	9,095	-37,313	-26,630	-141,794
Provision for income taxes	1,329	493	4,525	1,911
Net income (loss)	$7,766	-37,806	-31,155	-143,705
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	312	-361	2,005	-1,771
Unrealized gains (losses) on investments, net of tax	264	-1,244	1,641	155
Total other comprehensive income (loss)	576	-1,605	3,646	-1,616
Comprehensive income (loss)	$8,342	-39,411	-27,509	-145,321
Basic and diluted net income (loss) per share:
Net income (loss) per share, basic and diluted	$0.01	-0.07	-0.05	-0.26
Weighted-average shares used in computing net income (loss) per share, basic	575,474,834	559,006,539	571,651,216	553,858,923
Weighted-average shares used in computing net income (loss) per share, diluted	585,638,708	559,006,539	571,651,216	553,858,923

	As of
	November 1, 2025	February 1, 2025
Assets
Current assets:
Cash and cash equivalents	$275,111	$227,576
Short-term investments	$486,725	$467,222
Accounts receivable, net	$256,676	$234,016
Inventories	$54,955	$38,911
Connected device costs, current	$132,037	$119,323
Prepaid expenses and other current assets	$52,475	$58,106
Total current assets	$1,257,979	$1,145,154
Restricted cash	$21,269	$18,218
Long-term investments	$385,332	$282,652
Property and equipment, net	$77,894	$58,151
Operating lease right-of-use assets	$62,821	$64,864
Connected device costs, non-current	$261,548	$242,928
Deferred commissions	$238,999	$209,341
Other assets	$7,852	$2,994
Total assets	$2,313,694	$2,024,302
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$19,768	$64,017
Accrued expenses and other current liabilities	$94,643	$74,976
Accrued compensation and benefits	$58,307	$43,443
Deferred revenue, current	$620,853	$563,254
Operating lease liabilities, current	$12,822	$15,656
Total current liabilities	$806,393	$761,346
Deferred revenue, non-current	$133,855	$122,516
Operating lease liabilities, non-current	$62,815	$64,622
Other liabilities	$7,276	$6,622
Total liabilities	$1,010,339	$955,106
Stockholders’ equity:
Preferred stock	$—	$—
Class A common stock	$12	$12
Class B common stock	$23	$23
Class C common stock	$—	$—
Additional paid-in capital	$2,941,680	$2,680,012
Accumulated other comprehensive income (loss)	$2,800	-846
Accumulated deficit	-1,641,160	-1,610,005
Total stockholders’ equity	$1,303,355	$1,069,196
Total liabilities and stockholders’ equity	$2,313,694	$2,024,302