Samsara net worth in 2024 reflects its rapid growth, driven by a strong expansion strategy and its subscription-based model.
As a leader in the IoT industry, Samsara’s finances benefit from its diverse revenue streams.
In this article, we’ll explore the company’s financial performance, focusing on expansion and operational efficiency. Written by Ando Money, get the latest insights on Samsara’s net worth and revenue trends.
Samsara Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Samsara Inc. |
| Full Name | Samsara Inc. |
| Website | samsara.com |
| Industry | Internet of Things (IoT) |
| Traded as | NYSE: IOT |
| ISIN | US79589L1061 |
| Founded | 2015 |
| Founders | Sanjit Biswas, John Bicket |
| Country/Territory | United States |
| Headquarters | San Francisco, CA |
| Chief Executive Officer | Sanjit Biswas |
| Number of Employees | 2,133 with $100K+ ARR customers |
| Market Cap | $28.09 billion |
| Total Assets | N/A |
| Total Equity | N/A |
| Revenue (Q2 FY25) | $300.2 million |
| Net Income | N/A |
What is the Net Worth/Market Cap Of Samsara in 2024?
Samsara’s net worth in 2024, reflected in its market cap, stands at $28.09 billion. This places it among the world’s top IoT companies and makes it a notable player in the tech industry.
Compared to its competitors and partners, this is an impressive valuation, especially for a company founded in 2015.
As of 2024, Samsara’s market capitalization is rising due to its expansion into international markets and strategic partnerships.
Related companies in the IoT and tech sectors include:
For more comparisons with the largest companies in the world, check out this list of the most valuable companies.
Samsara Financial Performance Overview
How Their Revenue Stream is Structured
Samsara’s primary revenue comes from its Connected Operations Cloud platform, which helps companies manage physical operations through IoT devices.
The platform integrates vehicle telematics, video-based safety solutions, and equipment monitoring, creating a strong foundation for its annual recurring revenue (ARR).
In Q2 FY25, Samsara achieved an ARR of $1.264 billion, growing 36% year-over-year.
The company’s core customers—those contributing more than $100K+ ARR—have been a key factor in this growth, with a 41% increase in these customers over the last year.
This diverse and expanding customer base helps secure a steady stream of recurring revenue, positioning Samsara for long-term financial stability.
Expansion into New Markets and Products
Samsara continues to expand its reach, entering new markets outside the U.S. and launching emerging products such as Connected Workflows and Asset Tags.
These products address operational efficiency for industries such as logistics, construction, and public safety, further driving ARR.
In Q2 FY25 alone, Samsara saw significant traction in international markets, with 16% of its net new ACV coming from non-U.S. geographies.
Additionally, emerging products like Connected Workflows and Connected Training have contributed around $1 million in net new ACV.
Subscription-Based Model and Recurring Revenue Growth
Samsara’s business model heavily relies on subscription services, with the ARR being the backbone of its financial success.
The company’s customer retention strategies ensure steady growth, especially through upselling and cross-selling services to existing clients.
Samsara’s video-based safety solutions and vehicle telematics, each generating over $500 million in ARR, show that these offerings are vital to its subscription-based growth.
Strategic Partnerships and Their Financial Impact
Key partnerships, like the collaboration with AT&T FirstNet, have bolstered Samsara’s growth.
This partnership allows public safety customers to access near real-time data and routing insights, significantly increasing the use of Samsara’s Connected Operations Cloud.
Additionally, partnerships established in FY25 have contributed to the company’s increasing revenue.
With companies like TransCore adopting Samsara’s Asset Tags, the company has been able to generate new streams of revenue from large deals across various sectors.
Operational Efficiency and Cost Management
Samsara has worked hard to improve its operational efficiency, as reflected by its non-GAAP gross margin of 77% in Q2 FY25.
The company continues to manage costs effectively, resulting in free cash flow of $13 million, a significant improvement from previous quarters.
Samsara’s focus on cost management and non-GAAP financial measures has allowed it to improve its operational efficiency, which contributes to its strong financial position.
Financial Performance Trends Over the Last Fiscal Year
Over the last fiscal year, Samsara has shown a solid revenue increase, growing by 37% year-over-year in Q2 FY25.
This growth has been fueled by the company’s expansion into new product lines and its ability to retain and upsell its existing customers.
Samsara has consistently beaten its revenue projections, outperforming expectations with $300.2 million in revenue for Q2 FY25.
In addition to its revenue growth, Samsara’s focus on reducing operating losses has shown promising results, with a non-GAAP operating margin improvement to 6% in Q2 FY25.
Future Financial Projections and Growth Expectations
Looking ahead, Samsara is projecting 31% year-over-year revenue growth for FY25, with a target range of $1.224 billion to $1.228 billion in total revenue.
This forecast includes expectations for continued growth from new product lines like Connected Training and AI-powered insights that help drive operational efficiencies for customers.
FAQs about Samsara
How does Samsara generate its revenue?
It generates revenue primarily through its Connected Operations Cloud, which offers IoT-based solutions for fleet management, video-based safety, and equipment monitoring.
What is Samsara’s main source of recurring revenue?
Its Annual Recurring Revenue (ARR) comes from its subscription-based model, particularly from vehicle telematics and video-based safety solutions, both contributing $500 million+ in ARR.
How is Samsara expanding internationally?
The company has been expanding internationally, with 16% of its net new ACV in Q2 FY25 coming from non-U.S. regions. This expansion includes growth in Europe and emerging markets.
How has Samsara improved its operational efficiency?
Its operational efficiency has improved, as seen in its non-GAAP gross margin of 77% in Q2 FY25, and a focus on cost management, resulting in positive free cash flow.
Conclusion
Samsara’s financial performance is a testament to its strategic expansion and operational efficiency.
If you’re interested in learning more about companies like Samsara or want to share your thoughts, feel free to leave a comment or explore more content on Ando Money.
