Samsara, Inc. Class A ( (IOT) ) has released its Q3 earnings. Here is a breakdown of the information Samsara, Inc. Class A presented to its investors.
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Samsara, Inc., a prominent player in the Connected Operations Cloud sector, specializes in leveraging IoT data to enhance the safety, efficiency, and sustainability of business operations across various industries including transportation, construction, and logistics. The company reported a robust financial performance in the third quarter of fiscal year 2025, showcasing significant growth in its key financial metrics.
In the latest earnings report, Samsara announced a 36% year-over-year increase in revenue, reaching $322 million, and a 35% growth in Annual Recurring Revenue (ARR), ending at $1.349 billion. The company also highlighted a substantial rise in its customer base, with 2,303 customers now generating over $100,000 in ARR, marking a 38% increase from the previous year.
Key financial highlights include an improvement in GAAP gross margin to 76%, and non-GAAP gross margin to 78%, reflecting a 2 percentage point increase in both measures. Samsara also reported a narrowing of its GAAP operating loss to $47.4 million from $54.8 million a year ago, while achieving a non-GAAP operating income of $33.9 million. Additionally, the company reported a notable improvement in adjusted free cash flow margin, reaching 10% for the quarter.
Looking ahead, Samsara’s management remains optimistic, projecting continued revenue growth into the fourth quarter and fiscal year 2025. With a focus on leveraging artificial intelligence to transform physical operations, the company aims to further enhance its product offerings, positioning itself as a leader in the IoT-driven operations landscape.
