Stem, Inc. (STEM)

Stem, Inc. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	164.95	144.58	461.52	362.98	127.37	36.31
Revenue Growth (YoY)	-35.61%	-68.67%	27.15%	184.98%	250.82%	106.85%
Cost of Revenue	128.58	154.81	453.17	327.32	121.8	38.82
Gross Profit	36.37	-10.22	8.35	35.66	5.57	-2.52
Selling, General & Admin	65.66	101.54	120.7	119.31	61.6	29.53
Research & Development	39.02	51.28	56.51	38.3	22.72	15.94
Other Operating Expenses	-	-	5.6	-	-	-
Operating Expenses	104.68	152.83	182.8	157.61	84.32	45.48
Operating Income	-68.31	-163.05	-174.46	-121.95	-78.75	-47.99
Interest Expense	-20.08	-18.29	-14.98	-10.47	-16.73	-20.81
Other Non Operating Income (Expenses)	-2.5	-100.07	-3.41	2.37	4.32	-85.93
EBT Excluding Unusual Items	-90.89	-281.41	-192.84	-130.04	-91.16	-154.72
Merger & Restructuring Charges	-	-	-	-6.1	-	-
Impairment of Goodwill	-	-547.15	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-1.4	-	-0.66	-
Asset Writedown	-2.78	-1.72	-4.86	-3.07	-4.32	-1.4
Other Unusual Items	196.65	-23.4	59.12	-	-5.06	-
Pretax Income	102.98	-853.68	-139.98	-139.22	-101.21	-156.12
Income Tax Expense	0.38	0.33	0.43	-15.16	-	0.01
Net Income	102.6	-854.01	-140.41	-124.05	-101.21	-156.12
Preferred Dividends & Other Adjustments	-	-	-	-	-	9.48
Net Income to Common	102.6	-854.01	-140.41	-124.05	-101.21	-165.61
Shares Outstanding (Basic)	8	8	8	8	5	2
Shares Outstanding (Diluted)	8	8	8	8	5	2
Shares Change (YoY)	4.86%	3.77%	1.42%	45.33%	163.48%	-6.42%
EPS (Basic)	12.42	-105.80	-18.05	-16.17	-19.18	-82.67
EPS (Diluted)	-13.51	-105.80	-18.05	-16.17	-19.18	-82.67
Free Cash Flow	-16.33	-37.14	-211.52	-110.13	-105.47	-39.88
Free Cash Flow Per Share	-1.95	-4.60	-27.19	-14.36	-19.98	-19.91
Gross Margin	22.05%	-7.07%	1.81%	9.83%	4.37%	-6.93%
Operating Margin	-41.41%	-112.77%	-37.80%	-33.60%	-61.83%	-132.18%
Profit Margin	62.20%	-590.67%	-30.42%	-34.18%	-79.46%	-456.13%
Free Cash Flow Margin	-9.90%	-25.69%	-45.83%	-30.34%	-82.80%	-109.84%
EBITDA	-35.11	-129.72	-137.15	-83.07	-59.05	-34.54
EBITDA Margin	-21.28%	-89.72%	-29.72%	-22.89%	-46.36%	-95.13%
D&A For EBITDA	33.2	33.32	37.31	38.88	19.7	13.45
EBIT	-68.31	-163.05	-174.46	-121.95	-78.75	-47.99
EBIT Margin	-41.41%	-112.77%	-37.80%	-33.60%	-61.83%	-132.18%
Revenue as Reported	164.95	144.58	461.52	362.98	127.37	36.31

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q