STEM

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Stem, Inc. Class A

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Key Metrics

Previous Close: $5.76
52-Week Range: $4.92 – $32.23
Market Cap: $54.39M
P/E (TTM): —
EPS (TTM): -8.74
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: —
Return on Assets: -5.30%
Gross Margin: 41.94%
Operating Margin: -24.12%
Profit Margin: -49.37%
Current Ratio: 0.83
Debt/Equity: —
Total Debt: $366.45M
Free Cash Flow: $16.71M
Revenue Growth: -12.30%
Earnings Growth: —
Enterprise Value: $383.06M

STEM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$362.98M	$461.51M	$144.58M	$156.27M
Cost of Revenue	$329.89M	$457.85M	$155.64M	$96.31M
Gross Profit	$33.09M	$3.67M	-$11.06M	$59.96M
Research & Development	$38.30M	$56.51M	$51.28M	$35.30M
Selling, General & Admin	$125.91M	$126.47M	$125.83M	$80.35M
Operating Expenses	$164.21M	$182.98M	$177.11M	$115.64M
Operating Income	-$131.12M	-$179.31M	-$188.17M	-$55.69M
EBITDA	-$83.31M	-$78.73M	-$790.40M	$207.18M
Pretax Income	-$139.22M	-$139.98M	-$853.68M	$138.30M
Income Tax	-$15.16M	$433.00K	$332.00K	$536.00K
Net Income	-$124.05M	-$140.41M	-$854.01M	$137.76M
Diluted EPS	-16.20	-18.00	-105.80	-9.18
Diluted Shares	7.67M	7.78M	8.07M	8.49M

STEM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$87.90M	$105.38M	$56.30M	$48.91M
Receivables	$223.29M	$302.92M	$59.36M	$38.41M
Inventory	$8.37M	$26.66M	$10.92M	$4.59M
Current Assets	$532.75M	$472.96M	$136.62M	$100.09M
Total Assets	$1.42B	$1.36B	$437.36M	$308.89M
Current Liabilities	$267.00M	$251.08M	$128.80M	$110.56M
Long-Term Debt	$449.51M	$523.63M	$525.92M	$312.39M
Total Debt	$463.05M	$537.04M	$542.02M	$325.25M
Total Liabilities	$869.73M	$930.30M	$835.19M	$557.95M
Retained Earnings	-$632.08M	-$772.49M	-$1.63B	-$1.49B
Shareholders' Equity	$551.63M	$426.20M	-$398.37M	-$249.44M
Working Capital	$265.76M	$221.88M	$7.82M	-$10.47M
Net Debt	$361.61M	$418.26M	$469.62M	$263.48M

STEM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$106.03M	-$207.38M	-$36.65M	$6.86M
Capital Expenditure	-$20.87M	-$18.24M	-$11.77M	-$6.60M
Free Cash Flow	-$126.90M	-$225.61M	-$48.42M	$259.00K
Depreciation & Amortisation	$45.43M	$46.27M	$44.99M	$44.95M
Stock-Based Compensation	$28.66M	$45.11M	$18.47M	$10.22M
Investing Cash Flow	-$544.37M	$135.73M	-$3.52M	-$6.60M
Financing Cash Flow	-$9.27M	$90.24M	-$8.44M	-$7.56M
Net Change in Cash	-$659.67M	$18.59M	-$48.60M	-$7.30M

STEM Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$32.51M	$38.37M	$38.24M	$47.14M	$29.00M
Cost of Revenue	$21.97M	$25.57M	$24.66M	$24.11M	$18.14M
Gross Profit	$10.54M	$12.80M	$13.58M	$23.04M	$10.86M
Research & Development	$11.33M	$9.99M	$6.92M	$7.06M	$6.58M
Selling, General & Admin	$20.36M	$16.15M	$19.52M	$24.33M	$15.18M
Operating Expenses	$31.69M	$26.14M	$26.43M	$31.38M	$21.76M
Operating Income	-$21.15M	-$13.34M	-$12.85M	-$8.35M	-$10.90M
EBITDA	-$9.66M	$218.32M	-$5.80M	$4.31M	-$973.00K
Pretax Income	-$24.94M	$203.01M	-$23.93M	-$15.84M	-$18.81M
Income Tax	$58.00K	$475.00K	-$141.00K	$144.00K	$112.00K
Net Income	-$25.00M	$202.53M	-$23.79M	-$15.98M	-$18.93M
Diluted EPS	-3.00	1.79	-2.84	—	-2.22
Diluted Shares	8.19M	8.48M	8.38M	—	8.52M

STEM Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$58.58M	$40.79M	$43.12M	$48.91M	$36.59M
Receivables	$34.73M	$42.84M	$35.84M	$38.41M	$33.34M
Inventory	$8.84M	$4.60M	$5.17M	$4.59M	$5.70M
Current Assets	$110.58M	$99.22M	$93.76M	$100.09M	$85.30M
Total Assets	$405.08M	$379.22M	$362.61M	$308.89M	$281.88M
Current Liabilities	$120.18M	$112.06M	$113.56M	$110.56M	$101.27M
Long-Term Debt	$526.50M	$309.89M	$311.00M	$312.39M	$318.07M
Total Debt	$539.03M	$321.54M	$321.65M	$325.25M	$329.07M
Total Liabilities	$822.00M	$592.70M	$597.72M	$557.95M	$547.76M
Retained Earnings	-$1.65B	-$1.45B	-$1.47B	-$1.49B	-$1.51B
Shareholders' Equity	-$417.46M	-$214.06M	-$235.69M	-$249.44M	-$266.26M
Working Capital	-$9.60M	-$12.83M	-$19.80M	-$10.47M	-$15.97M
Net Debt	$467.92M	$269.11M	$267.88M	$263.48M	$281.48M

STEM Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$8.54M	-$21.28M	$11.39M	$8.22M	-$8.32M
Capital Expenditure	-$3.59M	-$1.08M	-$1.00M	-$927.00K	-$1.35M
Free Cash Flow	$4.95M	-$22.36M	$10.39M	$7.29M	-$9.66M
Depreciation & Amortisation	$11.00M	$11.25M	$10.86M	$11.85M	$10.48M
Stock-Based Compensation	$4.32M	$1.40M	$2.22M	$2.29M	$2.05M
Investing Cash Flow	-$3.59M	-$1.08M	-$1.00M	-$927.00K	-$1.35M
Financing Cash Flow	-$2.82M	$4.50M	-$7.76M	-$1.48M	-$2.81M
Net Change in Cash	$2.13M	-$17.86M	$2.62M	$5.81M	-$12.47M

Market Snapshot

About

Stem, Inc. is an artificial intelligence-driven energy storage services provider that optimizes battery storage systems. The company uses AI software to maximize the value of energy assets for commercial and industrial customers through intelligent energy management and grid services.