Samsara Inc. (IOT) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Technology / Software · as of Sep 24, 2026
Samsara Inc. (IOT)
A forensic read on Samsara Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
11.9
Distress distance
Clean
Earnings quality
4
Forensic signals
255.8
P / E (ttm)
-0.6%
ROE
$22.9B
Market cap
29.6%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Samsara Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 11.9, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+26.8%
FY2025→FY2026
Accruals ratio (% of NOA).Net operating assets grew +26.8% relative to their own average in FY2026 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by receivables up +37% against revenue +30% and payables paid down 26% against +26% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 25% of net operating assets, against an accruals ratio of 26.8%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
-2.6%
FY2026
Return on invested capital.Return on invested capital is -2.6% in the latest fiscal year and rising across FY2024–FY2026 from -25%. The capital base behind it grew +30% across FY2024–FY2026, from $1.0B to $1.3B, and the return did not fall doing it, so the dollars added over that window earned at least the -25% the older base was already earning.
+3.5%/yr
FY2024–FY2026
Share-count dilution.Diluted share count changed +7% over the last 2 years to FY2026 (+3.5%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~3.5% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~7%.
19% of rev
FY2026
Key fundamentals
Latest Revenue$1.62B
Revenue Growth YoY+29.6%
Revenue CAGR (2yr)+31.5%
Net Margin-0.6%
Free Cash Flow$207.4M
Return on Equity-0.6%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Samsara Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 24, 2026. Forensic signals flag probability, not certainty.
Stock-based comp load.Stock-based compensation ran 19% of revenue and 152% of free cash flow in FY2026 — about $0.55 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 3.5% a year, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.