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How Samsara (IOT) makes money

Samsara (IOT) made $508M of revenue in the second quarter fiscal 2027 (Q2 FY27), +30% from a year earlier. Subscription revenue brought in $500M (98%); Other revenue brought in $8.7M (2%). Of every dollar of revenue, 77¢ was left as gross profit, 1¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

Samsara revenue by segment, Q2 FY27Samsara revenue by segment, Q2 FY27Subscription revenue$500MOther revenue$8.7M
Samsara: revenue by line, Q4 FY25 to Q2 FY27Samsara: revenue by line, Q4 FY25 to Q2 FY27Subscription revenueOther revenueSubscription revenue: $500M latest$500MOther revenue: $8.7M latestQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
The mix barely moved between Q4 FY25 and Q2 FY27.
Samsara revenue by quarterSamsara revenue by quarter$346MQ4 FY25$367MQ1 FY26$391MQ2 FY26$416MQ3 FY26$444MQ4 FY26$479MQ1 FY27$508MQ2 FY27
Samsara: where each dollar of revenue goesSamsara: where each dollar of revenue goesCost of revenue23¢Gross profit77¢Operating expenses76¢Operating profit1¢Income tax0¢Net earnings3¢Operating cash flow14¢Free cash flow13¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Subscription revenue$500M98.3%+6%+30%
Other revenue$8.7M1.7%+10%+14%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$508M100.0%
Cost of revenue$116M22.8%
Gross profit$393M77.2%
Operating expenses$388M76.3%
Operating profit$4.9M1.0%
Income tax$1.3M0.3%
Net earnings$16.2M3.2%
Operating cash flow$73.5M14.5%
Free cash flow$64.7M12.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$508M+30%
Q1 FY27$479M+30%
Q4 FY26$444M+28%
Q3 FY26$416M+29%
Q2 FY26$391M+30%
Q1 FY26$367M+31%
Q4 FY25$346M+25%

From Samsara's 10-Q filed Sep 8, 2026 (on EDGAR).

Questions

How does Samsara make money?

Samsara (IOT) made $508M of revenue in the second quarter fiscal 2027 (Q2 FY27), +30% from a year earlier. Subscription revenue brought in $500M (98%); Other revenue brought in $8.7M (2%). Of every dollar of revenue, 77¢ was left as gross profit, 1¢ was left as operating profit, 3¢ was left as net earnings.

What is Samsara's biggest business?

Subscription revenue: $500M in the second quarter fiscal 2027, 98% of revenue, +30% from a year earlier.

What is Samsara's profit margin?

Net earnings were $16.2M, 3.2% of revenue, in the second quarter fiscal 2027; the operating margin was 1.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.