Samsara Inc.
For the period ended Jul 29, 2025. Filed Jun 2, 2025.
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Jul 29, 2025 · Filed Jun 2, 2025
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Contents
APPENDIX A
RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL MEASURES
(In thousands, except percentages)
(Unaudited)
This proxy statement includes the following non-GAAP financial measures, which should be viewed as additions to, and not substitutes for, or superior to, financial measures calculated in accordance with GAAP.
There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, adjusted free cash flow does not reflect our future contractual commitments or the total increase or decrease of our cash balance for a given period. All of these limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business.
Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin
We define adjusted free cash flow as net cash provided by (used in) operating activities reduced by cash used for purchases of property and equipment, and excluding the cash impact of non-recurring capital expenditures associated with the build-out of our corporate office facilities in San Francisco, California, net of tenant allowances, and legal settlements. Adjusted free cash flow margin is calculated as adjusted free cash flow as a percentage of total revenue. We believe that adjusted free cash flow and adjusted free cash flow margin, even if negative, are useful in evaluating liquidity and provide information to management and investors about our ability to fund future operating needs and strategic initiatives by excluding the impact of non-recurring events. The following table presents a reconciliation of adjusted free cash flow to net cash provided by (used in) operating activities for the periods presented:
| Fiscal Year Ended | |||
|---|---|---|---|
| February 1, 2025 | February 3, 2024 | January 28, 2023 | |
| Net cash provided by (used in) operating activities | $131,659 | $(11,815) | $(103,021) |
| Purchases of property and equipment | (20,177) | (10,953) | (33,240) |
| Free cash flow | $111,482 | $(22,768) | $(136,261) |
| Purchases of property and equipment for build-out of corporate office facilities, net of tenant allowances (1) | — | (10,179) | 26,227 |
| Legal settlement (2) | — | 60,000 | — |
| Adjusted free cash flow | $111,482 | $27,053 | $(110,034) |
| Net cash provided by (used in) operating activities margin | 11% | (1)% | (16)% |
| Free cash flow margin | 9% | (2)% | (21)% |
| Adjusted free cash flow margin | 9% | 3% | (17)% |
| Net cash used in investing activities | $(66,621) | $(78,687) | $(631,848) |
| Net cash provided by financing activities | $27,101 | $20,997 | $14,212 |
(1)In April 2023, we settled a lease dispute which was primarily related to lease incentives associated with leasehold improvements in the form of a tenant allowance and received $11.3 million.
(2)In January 2024, we settled non-recurring lease-related litigation and made a cash payment of $60.0 million.
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