Stem, Inc. (STEM)

NYSE: STEM · Real-Time Price · USD

2.240

-0.050 (-2.18%)

At close: Nov 13, 2026, 4:00 PM EST

2.271

+0.031 (1.37%)

After-hours: Nov 13, 2026, 7:36 PM EST

Stem, Inc. Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	148.03	156.27	144.58	461.52	362.98	127.37
Revenue Growth	-5.11%	8.08%	-68.67%	27.15%	184.98%	250.82%
Gross Profit	62.08	61.98	-10.22	8.35	35.66	5.57
Operating Income	-27.94	-42.01	-186.45	-174.46	-121.95	-78.75
Net Income	-73.08	137.76	-854.01	-140.41	-124.05	-101.21
Earnings Per Share	-8.48	-9.18	-105.80	-18.05	-16.17	-19.18
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Services and Other	66.53	67.81	67.81	62.55	52.14	20.46
Hardware	61.62	68.57	76.77	398.97	310.84	106.91
Other	19.89	19.89	0	0	0	0
Revenue (Total)	148.03	156.27	144.58	461.52	362.98	127.37

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	38.42	48.92	56.3	113.59	249.98	920.79
Total Debt	366.45	368.63	600.16	603.88	542.64	420.13
Net Cash (Debt)	-328.04	-319.71	-543.87	-490.29	-292.66	500.66
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-38.08	-37.66	-67.38	-63.03	-38.15	94.86

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	11.63	6.86	-36.65	-207.38	-106.03	-101.27
Capital Expenditures	0.05	-	-0.49	-4.14	-4.1	-4.2
Free Cash Flow	11.68	6.86	-37.14	-211.52	-110.13	-105.47
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	41.94%	39.66%	-7.07%	1.81%	9.83%	4.37%
Operating Margin	-18.87%	-26.89%	-128.95%	-37.80%	-33.60%	-61.83%
Pretax Margin	-49.28%	88.50%	-590.44%	-30.33%	-38.35%	-79.46%
Profit Margin	-49.37%	88.16%	-590.67%	-30.42%	-34.18%	-79.46%
FCF Margin	7.89%	4.39%	-25.69%	-45.83%	-30.34%	-82.80%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 14, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	0.92	-	-	-	-
P/FCF Ratio	1.85	18.40	-	-	-	-
PS Ratio	0.15	0.81	0.68	1.31	3.81	21.52