Samsara Reports Q4 Financial Results
8th March 2024
Samsara, a pioneer of the ‘Connected Operations Cloud’, has reported its financial results for the fourth quarter and has announced Q4 revenue of $276.3 million, representing 48% year-over-year growth.
It was another strong quarter of growth at scale, with another cash flow positive quarter, ending ARR of $1.102 billion, increasing 39% year-over-year. The company also expanded its customer base to 1,848 customers with ARR over $100k+.
Commenting on the results, Samsara’s CEO and co-founder, Sanjit Biswas, has said: “We are proud of this milestone year, we surpassed $1B in ARR at 39% year-over-year growth, became adjusted free cash flow positive, and consistently achieved Rule of 40 in all four quarters. We are operating at a rare combination of scale, growth, and profitability.”
Financial Results
“Fiscal year 2024 was another year of durable and efficient growth,” Biswas (pictured) added. “While sustaining high growth at scale, we remain committed to operating efficiently and recorded our first year of positive adjusted free cash flow. We continue to see a vast opportunity for our customers and are excited to deliver on our mission to increase the safety, efficiency, and sustainability of the operations that power the global economy.”
Sanjit Biswas
Samsara’s Connected Operations™ Cloud is a platform that enables organizations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep the global economy running, including the world’s leading organizations across construction, transportation and warehousing, field services, manufacturing, retail, logistics, and the public sector. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.
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