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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	156	144.58	461.52	362.98	127.37	36.31
Revenue Growth (YoY)	-56.74%	-68.67%	27.15%	184.98%	250.82%	106.85%
Cost of Revenue	126.77	154.81	453.17	327.32	121.8	38.82
Gross Profit	29.23	-10.22	8.35	35.66	5.57	-2.52
Selling, General & Admin	81.58	101.54	120.7	119.31	61.6	29.53
Research & Development	43.19	51.28	56.51	38.3	22.72	15.94
Other Operating Expenses	-	-	5.6	-	-	-
Operating Expenses	124.76	152.83	182.8	157.61	84.32	45.48
Operating Income	-95.53	-163.05	-174.46	-121.95	-78.75	-47.99
Interest Expense	-17.32	-18.29	-14.98	-10.47	-16.73	-20.81
Other Non Operating Income (Expenses)	-102.03	-100.07	-3.41	2.37	4.32	-85.93
EBT Excluding Unusual Items	-214.88	-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	-3.02	-1.72	-4.86	-3.07	-4.32	-1.4
Other Unusual Items	196.65	-23.4	59.12	-	-5.06	-
Pretax Income	-21.26	-853.68	-139.98	-139.22	-101.21	-156.12
Income Tax Expense	0.65	0.33	0.43	-15.16	-	0.01
Net Income	-21.91	-854.01	-140.41	-124.05	-101.21	-156.12
Preferred Dividends & Other Adjustments	-	-	-	-	-	9.48
Net Income to Common	-21.91	-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)	3.78%	3.77%	1.42%	45.33%	163.48%	-6.42%
EPS (Basic)	-2.67	-105.80	-18.05	-16.17	-19.18	-82.67
EPS (Diluted)	-28.98	-105.80	-18.05	-16.17	-19.18	-82.67
Free Cash Flow	-37.25	-37.14	-211.52	-110.13	-105.47	-39.88
Free Cash Flow Per Share	-4.54	-4.60	-27.19	-14.36	-19.98	-19.91
Gross Margin	18.74%	-7.07%	1.81%	9.83%	4.37%	-6.93%
Operating Margin	-61.24%	-112.77%	-37.80%	-33.60%	-61.83%	-132.18%
Profit Margin	-14.04%	-590.67%	-30.42%	-34.18%	-79.46%	-456.13%
Free Cash Flow Margin	-23.88%	-25.69%	-45.83%	-30.34%	-82.80%	-109.84%
EBITDA	-62.18	-129.72	-137.15	-83.07	-59.05	-34.54
EBITDA Margin	-39.86%	-89.72%	-29.72%	-22.89%	-46.36%	-95.13%
D&A For EBITDA	33.35	33.32	37.31	38.88	19.7	13.45
EBIT	-95.53	-163.05	-174.46	-121.95	-78.75	-47.99
EBIT Margin	-61.24%	-112.77%	-37.80%	-33.60%	-61.83%	-132.18%
Revenue as Reported	156	144.58	461.52	362.98	127.37	36.31

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

SEC Filings: 10-K · 10-Q