Samsara Inc.IOT

Samsara Inc. Fair Value Disclosure

10-KFiled Mar 16, 20263 min read
Fair Value Measurements
The Company reports financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis, using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:
Level 1—Observable inputs that reflect quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2—Observable inputs other than quoted prices in active markets for identical assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3—Inputs that are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability.
The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest-level input that is significant to the fair value measurement in its entirety.
The following tables present the fair value hierarchy for assets measured at fair value on a recurring basis as of the periods presented (in thousands):
As of January 31, 2026
Level 1Level 2Level 3Total
Cash equivalents
Money market funds$158,875$—$—$158,875
Commercial paper—67,606—67,606
U.S. government and agency securities—15,291—15,291
Total cash equivalents$158,875$82,897$—$241,772
Marketable debt securities
Commercial paper
$—$137,590$—$137,590
Corporate notes and bonds
—487,845—487,845
U.S. government and agency securities
—292,691—292,691
Total marketable debt securities$—$918,126$—$918,126
As of February 1, 2025
Level 1Level 2Level 3Total
Cash equivalents and restricted cash
Cash equivalents:
Money market funds$157,601$—$—$157,601
Commercial paper—15,686—15,686
Corporate notes and bonds—2,496—2,496
Restricted cash—letters of credit14,561——14,561
Total cash equivalents and restricted cash$172,162$18,182$—$190,344
Marketable debt securities
Commercial paper
$—$62,590$—$62,590
Corporate notes and bonds
—444,737—444,737
U.S. government and agency securities
—242,547—242,547
Total marketable debt securities$—$749,874$—$749,874
The Company determines the fair value of its security holdings based on pricing from the Company’s service providers and market prices from industry-standard independent data providers. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs), such as yield curves, volatility factors, credit spreads, default rates, loss severity, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures.
There were no transfers between Level 1 or Level 2, or transfers in or out of Level 3, of the fair value hierarchy during the fiscal years ended January 31, 2026 and February 1, 2025.

Historical Timeline

Fiscal YearFiled
2026Mar 16, 2026Showing above
2025Mar 25, 2025
2024Mar 26, 2024
2023Mar 21, 2023

About Fair Value Disclosures

Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.

Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.

Other Available Disclosures

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