Samsara (IOT) IOT Q3 Financial Results Summary
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 |