Samsara Inc. SEC Filings

Samsara Inc. reported strong quarterly growth and profitability. Revenue for the three months ended May 2, 2026 reached $478.8 million, up 31% from $366.9 million a year earlier, driven by new customers and higher spending from existing ones. GAAP gross margin was 75%, slightly below 77% last year as cloud and cellular costs rose.

The company generated net income of $44.5 million, compared with a net loss of $22.1 million in the prior-year quarter, aided in part by a $30.3 million legal arbitration gain included in interest and other income. Non-GAAP operating income was $91.0 million, a 19% margin, and free cash flow was $73.2 million, a 15% margin, reflecting solid cash generation.

Annual recurring revenue reached $1.99 billion, up from $1.54 billion a year earlier, and customers generating more than $100,000 in ARR grew to 3,363 from 2,638. Samsara ended the quarter with $1.28 billion in cash, cash equivalents, and investments and total assets of $2.61 billion against total liabilities of $1.11 billion, supporting continued investment in its Connected Operations Platform.

IOT filing a Form 144 notice for proposed sale of Class A Common shares by affiliated holders. The excerpt lists 4,512,974 Class A Common shares received in pro‑rata distributions, and identifies Andreessen Horowitz funds/entities as sellers. Transaction dates and broker details are included.

Samsara Inc. reported strong first quarter fiscal 2027 results, combining rapid growth with continued profitability. Revenue reached $478.8 million, up 31% year over year, while annual recurring revenue climbed to $1.991 billion, a 30% increase that highlights expanding subscription demand.

The company delivered GAAP net income of $44.5 million, or $0.08 per share, marking its third consecutive GAAP-profitable quarter, and non-GAAP net income of $98.0 million, or $0.17 per share. GAAP operating margin improved from a (9%) loss to a 2% profit, while non-GAAP operating margin rose to 19%.

Cash generation remained solid, with net cash provided by operating activities of $81.4 million and adjusted free cash flow of $73.2 million, representing a 15% margin. Management also noted a $30.3 million arbitration award gain and reiterated expectations to remain GAAP EPS profitable for fiscal 2027 even without that award.

Kirchhoff Benjamin Louis reported acquisition or exercise transactions in this Form 4 filing.

Samsara Inc. reported that its Chief Accounting Officer, Benjamin Louis Kirchhoff, received an equity grant in the form of restricted stock units. He was awarded 61,538 RSUs, each representing a contingent right to one share of Class A Common Stock, with no cash paid per share.

One-sixteenth of these RSUs is scheduled to vest on June 15, 2026, with additional vesting on each quarterly vesting date thereafter, as long as he continues as a service provider. Following this award, Kirchhoff directly holds 173,242 shares of Samsara’s Class A Common Stock, including shares underlying RSUs subject to their vesting terms.

Samsara Inc. is holding its fiscal 2027 annual meeting of stockholders virtually on July 22, 2026 at 10:00 a.m. Pacific Time via live audio webcast. Holders of Class A and Class B common stock as of June 1, 2026 can listen, ask questions and vote online.

Stockholders will vote on three core items: electing eight directors for one-year terms, ratifying Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending January 30, 2027, and approving on an advisory basis the compensation of named executive officers. The Board recommends voting FOR all proposals.

The company has a dual-class structure: each Class A share carries one vote and each Class B share carries ten votes, voting together as a single class. The Board currently has ten members, eight of whom are NYSE-independent, and will transition to eight directors after this meeting as two long-serving directors step down. Committees oversee audit, compensation, and nominating/governance, including enterprise risk and cybersecurity.

Executive pay is described as equity-heavy and performance-focused, with annual say-on-pay votes. Non-employee directors receive cash retainers, committee fees, and time-based RSU grants, with an annual $750,000 cap on total board compensation per director.

Samsara Inc. has changed its legal home from Delaware to Nevada through a reincorporation that became effective on June 1, 2026, at 12:02 a.m. Pacific Time. The company states this move does not change its business operations, management, employees, assets, liabilities, or material contracts, other than incurring related costs.

Each share of Delaware Class A and Class B common stock converted on a one-for-one basis into corresponding Nevada Class A and Class B common stock with the same par value of $0.0001 per share, and all outstanding stock-based awards similarly converted into rights over Nevada shares under the same terms. Samsara’s Class A common stock continues to trade on the New York Stock Exchange under the symbol IOT.

The company adopted new Nevada articles of incorporation and bylaws and entered into a new form of indemnification agreement with each director and executive officer. Additional details on the plan of conversion, Nevada charter, and bylaws are provided in an information statement filed on May 11, 2026 and in the exhibits to this report.

Samsara Inc.’s CEO and director Sanjit Biswas reported open‑market sales of a total of 263,900 shares of Class A Common Stock over May 26–28, 2026, all through entities classified as indirect holdings.

The sales were executed at weighted‑average prices around $29.7–$31.6 per share, under Rule 10b5‑1 trading plans adopted on September 29, 2025 for the Biswas Family Trust and related Biswas trusts, over which he has voting or investment power. Following these transactions, he continues to hold 1,656,825 Class A shares directly as of May 26, 2026, in addition to remaining indirect trust holdings.

Samsara Inc. director and officer John Bicket reported open-market sales of 263,900 shares of Class A Common Stock over May 26–28, 2026. The transactions were executed at weighted-average prices generally between about $29.25 and $31.68, according to footnote price ranges.

The filing shows these sales were made indirectly through the John C. Bicket Revocable Trust and the Bicket-Dobson Trust I and II, where he has voting or investment power. The footnotes state that at least some of the sales were carried out under Rule 10b5-1 trading plans, indicating they were pre-arranged. Following the reported activity, Bicket also holds 552,111 shares of Class A Common Stock directly as of May 26, 2026.