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Samsara

IOT on NYSE. Samsara sells software that tracks vehicles and equipment to businesses with physical operations. Market value $12.7bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to January 2026.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to July 2026
1.1%low

For every $100 of what the whole company costs, it produced $1.07 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to July 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to January 2026
n/a

The filings do not give us enough to work this out.

Quality score: 50 of 100. Price score: 24 of 100. Our list needs 70 on quality and 60 on price.

$41.74 a share, 79% above its 1-year low

Over the past year the price has ranged from $23.38 to $47.47.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.1
-0.0
0.1
0.2
0.3
202320242025202612 monthsto Jul '26
Revenue
$653m$937m$1.2bn$1.6bn
Operating margin
-39.8%-34.5%-15.2%-3.2%
Debt to equity
n/an/an/an/a
Shares outstanding
0.51bn0.53bn0.56bn0.57bn

Health checks

  • Free cash flow positive2 of 4 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)5 of 7 checks we could run
  • Profit backed by cash (accruals)No
  • DebtUnknown
  • Revenue growth, five yearsStrong, 35.2% a year
  • Buying back its own sharesNo, 12% more shares since 2023

The quarter to July 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $508 million last quarter, up 30% on a year ago.
  • Profit: $16 million, after a loss of $17 million a year ago.
  • It keeps 1 cents of each $1 of sales as operating profit, after losing 9 cents a year earlier.
  • Spare cash over the past 12 months: $255 million, up from $170 million.
  • 3% more shares than a year ago. Each share owns a bit less of the company.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
October 2024$322m
January 2025$346m
April 2025$367m
July 2025$391m
October 2025$416m
January 2026$444m
April 2026$479m
July 2026$508m
Profit by quarter
Profit by quarter
Quarter toAmount
October 2024-$38m
January 2025-$11m
April 2025-$22m
July 2025-$17m
October 2025$8m
January 2026$22m
April 2026$45m
July 2026$16m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
16 March 2026
Next quarterly (estimated, 10-Q)
8 December 2026

Who owns it

1 long-term investor we follow owns it, unchanged from 1 last quarter. 548 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

8 investors own more than 5%.

  • Sanjit Biswas
    Passive investor
    21.6%−4.7 pts
    Since 31 March 2026
  • John Bicket
    Passive investor
    21.3%−4.3 pts
    Since 31 December 2025
  • BAILLIE GIFFORD & CO
    Passive investor
    15.6%+2.3 pts
    Since 31 March 2026
  • 13.1%+3.1 pts
    Since 30 June 2026
  • FMR LLC
    Passive investor
    at least 6.5%+3.1 pts
    (filed with 1 related holder)
    Since 31 March 2026
  • BlackRock, Inc.
    Passive investor
    5.6%+0.7 pts
    Since 31 December 2025
  • SANDS FRANK M.
    Passive investor
    at least 4.4%−1.7 pts
    (filed with 3 related holders)
    Since 31 March 2026
  • at least 4.0%
    (filed with 11 related holders)
    Since 12 June 2025
  • Morgan Stanley
    Passive investor
    Sold down below 5%
    Since 31 March 2026
  • Marc L. Andreessen
    Passive investor
    Sold down below 5%
    Since 8 September 2025
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026
  • Sands Capital Global Innovation Fund-Public Opportunities, L.P.
    Passive investor
    Sold down below 5%
    Since 30 June 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 7 sold $420m, $341m of it under preset trading plans.

  • Phillips Dominic
    SEE REMARKS
    Sold
    under a preset trading plan
    Date
    1 October 2026
    Shares
    29,972
    Price
    $38.97
    Value
    $1m
  • Biswas Sanjit
    CHIEF EXECUTIVE OFFICER, Director
    Sold
    under a preset trading plan
    Date
    1 October 2026
    Shares
    21,129
    Price
    $38.81
    Value
    $820,041
  • Bicket John
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    1 October 2026
    Shares
    20,523
    Price
    $38.83
    Value
    $796,829
  • Biswas Sanjit
    CHIEF EXECUTIVE OFFICER, Director
    Sold
    under a preset trading plan
    Date
    30 September 2026
    Shares
    84,369
    Price
    $38.40
    Value
    $3m
  • Bicket John
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    30 September 2026
    Shares
    84,950
    Price
    $38.40
    Value
    $3m
  • Biswas Sanjit
    CHIEF EXECUTIVE OFFICER, Director
    Sold
    under a preset trading plan
    Date
    29 September 2026
    Shares
    158,402
    Price
    $37.73
    Value
    $6m
  • Bicket John
    SEE REMARKS, Director
    Sold
    under a preset trading plan
    Date
    29 September 2026
    Shares
    158,427
    Price
    $37.73
    Value
    $6m
  • Eltoukhy Adam
    SEE REMARKS
    Sold
    under a preset trading plan
    Date
    25 September 2026
    Shares
    7,306
    Price
    $39.07
    Value
    $285,433
  • Kirchhoff Benjamin Louis
    CHIEF ACCOUNTING OFFICER
    Sold
    under a preset trading plan
    Date
    18 September 2026
    Shares
    770
    Price
    $40.42
    Value
    $31,123
  • Kirchhoff Benjamin Louis
    CHIEF ACCOUNTING OFFICER
    Sold
    under a preset trading plan
    Date
    15 September 2026
    Shares
    2,165
    Price
    $42.55
    Value
    $92,121

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 16 Mar 2026, plus the 10-Q filed 8 Sep 2026 and 5 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.