IOT

MKT CAP:$17B

Samsara Inc.

Market Cap

$17B

Technology·Software - Infrastructure·🇺🇸 United States·NYSE

Technology·Software Infra·🇺🇸·NYSE

Stock Price

$29.96-$3.96 (-11.67%)

Apr 24, 2026

Company Details

Samsara Inc. provides solutions that connect physical operations data to its Connected Operations Cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, an...

CEO

Sanjit Biswas

IPO Date

Dec 15, 2021

Website

www.samsara.com

Key Metrics TTM

Revenue

$1.6B

+29.6% YoY

Net Income

-$9M

EPS (Diluted)

-$0.02

Free Cash Flow

$207M

Revenue / Share

$2.75

Gross Margin

76.7%

Operating Margin

-3.2%

Net Margin

-0.6%

FCF Margin

12.8%

P/S

10.6x

P/E

—

Earnings Reports

FY 2026

Mar 16, 2026

$1.6B+29.6%EPS -$0.02

Q4 2026

Mar 16, 2026

$444M+28.3%EPS $0.04

Q3 2026

Dec 9, 2025

$416M+29.2%EPS $0.01

Q2 2026

Sep 9, 2025

$391M+30.4%EPS -$0.03

Q1 2026

Jun 10, 2025

$367M+30.7%EPS -$0.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$143M	$103M	-$69M
Q2 23	$154M	$109M	-$66M
Q3 23	$170M	$123M	-$63M
Q4 23	$187M	$135M	-$60M
Q1 24	$204M	$147M	-$76M
Q2 24	$219M	$160M	-$70M
Q3 24	$238M	$176M	-$50M
Q4 24	$276M	$207M	-$54M
Q1 25	$281M	$212M	-$66M
Q2 25	$300M	$227M	-$58M
Q3 25	$322M	$246M	-$44M
Q4 25	$346M	$266M	-$17M
Q1 26	$367M	$284M	-$33M
Q2 26	$391M	$301M	-$27M
Q3 26	$416M	$319M	-$2M
Q4 26	$444M	$338M	$9M

Valuation

Quarter	P/S	P/E
Q1 23	35.5x	—
Q2 23	32.0x	—
Q3 23	29.0x	—
Q4 23	26.3x	—
Q1 24	24.0x	—
Q2 24	22.0x	—
Q3 24	20.2x	—
Q4 24	18.3x	—
Q1 25	16.9x	—
Q2 25	15.7x	—
Q3 25	14.5x	—
Q4 25	13.7x	—
Q1 26	12.8x	—
Q2 26	12.0x	—
Q3 26	11.3x	—
Q4 26	10.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$49M	-$59M
Q2 23	-$37M	-$43M
Q3 23	-$13M	-$23M
Q4 23	-$4M	-$10M
Q1 24	$10M	$8M
Q2 24	$8M	$5M
Q3 24	$12M	$9M
Q4 24	-$42M	-$44M
Q1 25	$24M	$19M
Q2 25	$18M	$13M
Q3 25	$36M	$31M
Q4 25	$54M	$49M
Q1 26	$53M	$46M
Q2 26	$50M	$44M
Q3 26	$64M	$56M
Q4 26	$70M	$62M

Capital Expenditures

Quarter	CapEx
Q1 23	$11M
Q2 23	$6M
Q3 23	$10M
Q4 23	$6M
Q1 24	$2M
Q2 24	$3M
Q3 24	$3M
Q4 24	$2M
Q1 25	$5M
Q2 25	$5M
Q3 25	$5M
Q4 25	$5M
Q1 26	$7M
Q2 26	$6M
Q3 26	$8M
Q4 26	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+62.6%	+67.7%
Q2 23	+51.9%	+65.8%
Q3 23	+49.2%	+61.4%
Q4 23	+48.4%	-34.7%
Q1 24	+43.2%	+32.3%
Q2 24	+42.8%	+31.8%
Q3 24	+39.9%	+23.3%
Q4 24	+48.1%	+34.1%
Q1 25	+37.4%	+23.8%
Q2 25	+36.9%	+24.0%
Q3 25	+35.6%	+27.2%
Q4 25	+25.3%	+9.9%
Q1 26	+30.7%	+15.4%
Q2 26	+30.4%	+16.7%
Q3 26	+29.2%	+14.2%
Q4 26	+28.3%	+19.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$44M	30.6%
Q2 23	$44M	28.9%
Q3 23	$46M	26.8%
Q4 23	$44M	23.6%
Q1 24	$53M	25.9%
Q2 24	$60M	27.2%
Q3 24	$60M	25.2%
Q4 24	$65M	23.4%
Q1 25	$65M	23.0%
Q2 25	$72M	23.9%
Q3 25	$73M	22.5%
Q4 25	$69M	19.9%
Q1 26	$77M	21.0%
Q2 26	$81M	20.7%
Q3 26	$78M	18.7%
Q4 26	$79M	17.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$41M	$44M	$87M
Q2 23	$42M	$41M	$92M
Q3 23	$50M	$42M	$94M
Q4 23	$55M	$44M	$97M
Q1 24	$60M	$43M	$119M
Q2 24	$64M	$48M	$118M
Q3 24	$61M	$48M	$117M
Q4 24	$73M	$55M	$133M
Q1 25	$73M	$58M	$147M
Q2 25	$76M	$57M	$151M
Q3 25	$77M	$63M	$150M
Q4 25	$73M	$57M	$153M
Q1 26	$83M	$68M	$165M
Q2 26	$86M	$68M	$174M
Q3 26	$86M	$66M	$168M
Q4 26	$90M	$64M	$176M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	62.6%	-38.0%	24.6
Q2 23	51.9%	-30.2%	21.8
Q3 23	49.2%	-22.1%	27.1
Q4 23	48.4%	-15.6%	32.8
Q1 24	43.2%	-20.8%	22.4
Q2 24	42.8%	-15.1%	27.7
Q3 24	39.9%	-7.1%	32.8
Q4 24	48.1%	-28.4%	19.6
Q1 25	37.4%	-8.5%	28.9
Q2 25	36.9%	-5.0%	31.9
Q3 25	35.6%	-0.2%	35.3
Q4 25	25.3%	7.7%	33.0
Q1 26	30.7%	4.7%	35.4
Q2 26	30.4%	-13.5%	16.9
Q3 26	29.2%	3.6%	32.8
Q4 26	28.3%	3.7%	32.0

Rule of 40

Revenue Segments

Quarter	Product and Service, Other	Subscription and Circulation
Q1 23	$2M	$141M
Q2 23	$2M	$152M
Q3 23	$3M	$167M
Q1 24	$5M	$199M
Q2 24	$4M	$215M
Q3 24	$5M	$233M
Q1 25	$5M	$276M
Q2 25	$5M	$295M
Q3 25	$6M	$316M
Q1 26	$7M	$360M
Q2 26	$8M	$384M
Q3 26	$8M	$408M
Q4 26	$8M	$437M

Revenue by Geography

Quarter	Non-US	United States
Q1 23	$15M	$127M
Q2 23	$17M	$137M
Q3 23	$18M	$152M
Q1 24	$24M	$181M
Q2 24	$27M	$192M
Q3 24	$30M	$208M
Q1 25	$38M	$243M
Q2 25	$40M	$260M
Q3 25	$43M	$279M
Q1 26	$50M	$317M
Q2 26	$57M	$335M
Q3 26	$61M	$355M
Q4 26	$66M	$378M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$860M	$0	$860M
Q2 23	$826M	$0	$826M
Q3 23	$447M	$292M	$739M
Q4 23	$201M	$489M	$690M
Q1 24	$192M	$534M	$726M
Q2 24	$196M	$529M	$725M
Q3 24	$208M	$452M	$660M
Q4 24	$136M	$412M	$548M
Q1 25	$162M	$432M	$594M
Q2 25	$159M	$513M	$673M
Q3 25	$160M	$512M	$672M
Q4 25	$228M	$467M	$695M
Q1 26	$259M	$439M	$698M
Q2 26	$258M	$443M	$702M
Q3 26	$275M	$487M	$762M
Q4 26	$319M	$515M	$834M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	507M	+0.9%	+0.9%
Q2 23	512M	+0.9%	+1.8%
Q3 23	517M	+0.9%	+2.7%
Q4 23	522M	+1.0%	+3.7%
Q1 24	526M	+0.9%	+3.8%
Q2 24	532M	+1.0%	+3.9%
Q3 24	537M	+1.1%	+4.0%
Q4 24	543M	+1.1%	+4.2%
Q1 25	549M	+1.0%	+4.2%
Q2 25	554M	+1.0%	+4.2%
Q3 25	559M	+0.9%	+4.0%
Q4 25	564M	+0.8%	+3.8%
Q1 26	568M	+0.7%	+3.5%
Q2 26	570M	+0.4%	+2.9%
Q3 26	572M	+0.3%	+2.3%
Q4 26	588M	+2.8%	+4.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	$88.3K	2K
Q2 23	$95.0K	2K
Q3 23	$105.1K	2K
Q4 23	$82.3K	2K
Q1 24	$90.2K	2K
Q2 24	$96.8K	2K
Q3 24	$104.8K	2K
Q4 24	$121.9K	2K
Q1 25	$97.0K	3K
Q2 25	$103.7K	3K
Q3 25	$111.2K	3K
Q4 25	$119.6K	3K
Q1 26	$104.8K	4K
Q2 26	$111.9K	4K
Q3 26	$118.8K	4K
Q4 26	$108.4K	4K

Revenue / Employee