$IOT Samsara Inc. reported earnings

Q3 FY2025 results ended on November 2nd 2024

- Revenue: $322.0M, +36% YoY

- ARR: $1.349B, +35% YoY

- GAAP Net Loss: $37.8M vs $45.5M YoY

- Enterprise Customers ($100k+ ARR): 2,303, +38% YoY

CEO Sanjit Biswas: "We achieved another strong quarter of durable and efficient growth at a greater scale. We ended Q3 at $1.35 billion in ARR, growing 35% year-over-year, and achieved a quarterly record of 10% adjusted free cash flow margin."

🌱Revenue & Growth

- ARR at quarter end: $1.349B, +35% YoY

- 10 trillion data points collected annually

- Total customers with $100K+ ARR: 2,303

- Net retention rate not disclosed

💰Profits & Financials

- Gross margin: 76% vs 74% YoY

- Non-GAAP Operating Income: $33.9M vs $12.7M YoY

- Operating cash flow: $36.0M vs $11.9M YoY

- Cash and investments: $913M

📌Business Highlights

- GAAP operating margin improved 8 points YoY

- Adjusted free cash flow margin improved 6 points YoY

- Strong enterprise customer growth

- Achieving greater operating leverage

- Platform collecting over 10T data points annually

🔮Future Outlook

Q4 FY2025:

- Revenue: $334M-$336M

- Non-GAAP Operating Margin: 9%

- Non-GAAP EPS: $0.07-$0.08

FY2025:

- Revenue: $1.237B-$1.239B

- Year/Year Growth: 32%

- Non-GAAP Operating Margin: 7%