Samsara has successfully transitioned to a 1.5% operating margin in 2027Q1, reflecting significant operating leverage as revenue growth reached 30.5% year-over-year.
| Sales/Revenue | 1.73B | 1.62B | 1.25B | 937.38M | 652.54M | 428.35M | 249.91M | 119.86M |
| Revenue Growth % | 29.6% | 29.57% | 33.26% | 43.65% | 52.34% | 71.4% | 108.49% | - |
| Cost of Goods Sold | 411.08M | 376.55M | 298.32M | 247.03M | 182.66M | 124.48M | 75.39M | 48.32M |
| COGS % of Revenue | - | 23.26% | 23.88% | 26.35% | 27.99% | 29.06% | 30.17% | 40.31% |
| Gross Profit | 1.32B | 1.24B | 950.88M | 690.35M | 469.89M | 303.86M | 174.51M | 71.54M |
| Gross Margin % | 76.25% | 76.74% | 76.12% | 73.65% | 72.01% | 70.94% | 69.83% | 59.69% |
| Gross Profit Growth % | - | 30.63% | 37.74% | 46.92% | 54.64% | 74.12% | 143.93% | - |
| Operating Expenses | 1.33B | 1.29B | 1.14B | 940.27M | 728.29M | 656.18M | 377.22M | 299.36M |
| OpEx % of Revenue | - | 79.98% | 91.33% | 100.31% | 111.61% | 153.19% | 150.95% | 249.75% |
| Selling, General & Admin | 972.73M | 950.07M | 836.26M | 681.69M | 540.88M | 451.05M | 277.49M | 228.9M |
| SG&A % of Revenue | - | 58.7% | 66.94% | 72.72% | 82.89% | 105.3% | 111.04% | 190.96% |
| Research & Development | 358.91M | 344.59M | 299.72M | 258.58M | 187.41M | 205.13M | 99.74M | 70.47M |
| R&D % of Revenue | - | 21.29% | 23.99% | 27.59% | 28.72% | 47.89% | 39.91% | 58.79% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -12.13M | -52.58M | -189.97M | -249.92M | -258.4M | -352.32M | -202.71M | -227.82M |
| Operating Margin % | -0.7% | -3.25% | -15.21% | -26.66% | -39.6% | -82.25% | -81.12% | -190.06% |
| Operating Income Growth % | - | 72.32% | 23.99% | 3.28% | 26.66% | -73.8% | 11.02% | - |
| EBITDA | 5.39M | -28.53M | -169.32M | -137.62M | -181.66M | -302.85M | -165.6M | -203.01M |
| EBITDA Margin % | 0.31% | -1.76% | -13.55% | -14.68% | -27.84% | -70.7% | -66.26% | -169.37% |
| EBITDA Growth % | 158.08% | 83.15% | -23.04% | 24.25% | 40.02% | -82.88% | 18.43% | - |
| D&A (Non-Cash Add-back) | -24.22M | 24.05M | 20.65M | 112.31M | 76.74M | 49.46M | 37.11M | 24.8M |
| EBIT | 70.36M | 906K | -185.09M | -283.38M | -243.84M | -353.85M | -210.12M | -224.88M |
| Net Interest Income | 22.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 22.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 82.49M | 53.48M | 39.56M | -33.46M | 14.56M | -1.53M | -7.41M | 2.93M |
| Pretax Income | 70.36M | 906K | -150.41M | -283.38M | -243.84M | -353.85M | -210.12M | -224.88M |
| Pretax Margin % | 4.07% | 0.06% | -12.04% | -30.23% | -37.37% | -82.61% | -84.08% | -187.61% |
| Income Tax | 12.85M | 10.02M | 4.49M | 3.34M | 3.59M | 1.17M | 87K | 340K |
| Effective Tax Rate % | 18.27% | 1106.29% | -2.99% | -1.18% | -1.47% | -0.33% | -0.04% | -0.15% |
| Net Income | 57.51M | -9.12M | -154.91M | -286.73M | -247.42M | -355.02M | -210.21M | -225.22M |
| Net Margin % | 3.32% | -0.56% | -12.4% | -30.59% | -37.92% | -82.88% | -84.12% | -187.9% |
| Net Income Growth % | 147.63% | 94.11% | 45.97% | -15.89% | 30.31% | -68.89% | 6.67% | - |
| Net Income (Continuing) | 57.51M | -9.12M | -154.91M | -286.73M | -247.42M | -355.02M | -210.21M | -225.22M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.10 | -0.02 | -0.28 | -0.54 | -0.48 | -0.70 | -0.42 | -0.45 |
| EPS Growth % | 144.34% | 94.32% | 48.15% | -12.5% | 31.43% | -66.67% | 6.67% | - |
| EPS (Basic) | - | -0.02 | -0.28 | -0.54 | -0.48 | -0.70 | -0.42 | -0.45 |
| Diluted Shares Outstanding | 587.67M | 573.48M | 556.32M | 534.88M | 514.28M | 505.48M | 500.37M | 500.37M |
| Basic Shares Outstanding | 581.84M | 573.48M | 556.32M | 534.88M | 514.28M | 505.48M | 500.37M | 500.37M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
High stock-based compensation dilution
According to the provided quarterly income statements, Samsara has maintained a consistent revenue growth trajectory, with the most recent period reporting a 30.5% year-over-year increase to $478.8 million, suggesting that the company's subscription-based model continues to capture significant market share within the industrial sector.
The stability of growth rates hovering around the 30% mark indicates that the company is successfully scaling its Connected Operations Cloud despite the inherent lumpiness of enterprise-level deployments. Investors should monitor whether this pace can be sustained as the company expands into non-transportation verticals, which may present different sales cycles and competitive dynamics.
As reported in financial statements, Samsara has successfully transitioned from a -23.5% operating margin in 2025Q1 to a positive 1.5% in 2027Q1, demonstrating that the company is beginning to realize significant operating leverage as revenue growth outpaces the expansion of its fixed cost base.
This shift suggests that the company's heavy investments in sales and marketing are starting to yield efficiencies, allowing for a more disciplined approach to overhead. The ability to maintain positive operating income while continuing to invest in R&D warrants further investigation into whether this trend represents a permanent structural improvement or a temporary optimization of spend.
Based on the company's reported figures, stock-based compensation remains a persistent and significant expense, totaling $77.5 million in 2027Q1, which effectively offsets a large portion of the reported GAAP net income and raises questions regarding the underlying quality of earnings for long-term shareholders.
While the company has achieved GAAP profitability, the reliance on equity-based incentives suggests that the true economic cost of labor is higher than the net income line implies. Investors should carefully evaluate the impact of this dilution on future EPS growth, as the current profitability profile appears heavily dependent on these non-cash accounting adjustments.
Data from the income statement indicates that Samsara has managed to stabilize its SG&A expenses relative to revenue, with the most recent quarter showing a controlled growth profile that supports the company's path toward sustained operating profitability and improved margin expansion across the business.
The company's ability to keep SG&A growth in check while revenue scales suggests a maturing operational model that is moving away from the 'growth at any cost' phase. However, the high absolute level of R&D spending remains a critical component of the cost structure, reflecting the ongoing necessity to innovate within the competitive telematics and IoT landscape.
Quick answers to the most common questions about buying IOT stock.
For fiscal year 2026, Samsara Inc. (IOT) reported total revenue of $1.62B. This represents a 1250.4% increase compared to $119.9M in 2020.
Samsara Inc. (IOT) reported a net loss of $9.1M for the fiscal year ending 2026.
Samsara Inc. (IOT) reported an operating income of $-52.6M, resulting in an operating profit margin of -3.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Samsara Inc. (IOT) generated $1.24B in gross profit for the year, representing a gross profit margin of 76.7%. This demonstrates the company's core pricing power and production efficiency.