Stem, Inc. (STEM)

Stem, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	156.27	144.58	461.52	362.98	127.37
Revenue Growth (YoY)	8.08%	-68.67%	27.15%	184.98%	250.82%
Cost of Revenue	96.31	155.64	457.85	329.89	126.12
Gross Profit	59.96	-11.06	3.67	33.09	1.25
Selling, General & Admin	80.35	125.83	126.47	125.91	61.6
Research & Development	35.3	51.28	56.51	38.3	22.72
Other Operating Expenses	0	651.29	0	0	0
Total Operating Expenses	115.64	828.4	182.98	164.21	84.32
Operating Income	-55.69	-839.46	-179.31	-131.12	-83.07
Interest Expense	-23.93	-18.29	-14.98	-10.47	-17.4
Other Non-Operating Income (Expense)	217.92	4.07	54.31	2.37	-0.74
Total Non-Operating Income (Expense)	193.99	-14.23	39.33	-8.09	-18.14
Pretax Income	138.3	-853.68	-139.98	-139.22	-101.21
Provision for Income Taxes	0.54	0.33	0.43	-15.16	-
Net Income	59.79	-1,708	-280.83	-124.05	-101.21
Net Income to Common	59.79	-1,708	-280.83	-124.05	-101.21
Shares Outstanding (Basic)	8	8	8	8	5
Shares Outstanding (Diluted)	8	8	8	8	5
Shares Change (YoY)	5.17%	3.77%	1.42%	45.33%	163.48%
EPS (Basic)	16.52	-105.80	-18.05	-16.20	-19.20
EPS (Diluted)	-9.18	-105.80	-18.05	-16.20	-19.20
Free Cash Flow	0.26	-37.14	-211.52	-110.13	-105.47
Free Cash Flow Per Share	0.03	-4.60	-27.19	-14.36	-19.98
Gross Margin	38.37%	-7.65%	0.79%	9.12%	0.98%
Operating Margin	-35.64%	-580.60%	-38.85%	-36.12%	-65.22%
Profit Margin	88.16%	-590.67%	-30.42%	-34.18%	-79.46%
FCF Margin	0.17%	-25.69%	-45.83%	-30.34%	-82.81%
EBITDA	-10.74	-794.47	-133.04	-85.69	-58.6
EBITDA Margin	-6.87%	-549.49%	-28.83%	-23.61%	-46.01%
EBIT	-55.69	-839.46	-179.31	-131.12	-83.07
EBIT Margin	-35.64%	-580.60%	-38.85%	-36.12%	-65.22%
Effective Tax Rate	0.39%	-0.04%	-0.31%	10.89%	0.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q