Stem, Inc. (STEM)

Revenue Breakdown 2

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Services and Other Revenue	72.71M	67.81M	62.55M
Services and Other Revenue Growth	7.22%	8.41%	19.96%
Hardware Revenue	92.24M	76.77M	398.97M
Hardware Revenue Growth	20.15%	-80.76%	28.35%
Revenue (Total)	164.95M	144.58M	461.52M
Revenue (Total) Growth	14.09%	-68.67%	27.15%

Revenue by Geography

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
United States Revenue	159.28M	139.41M	443.45M
United States Revenue Growth	14.26%	-68.56%	25.34%
Rest of the World Revenue	5.67M	5.18M	18.07M
Rest of the World Revenue Growth	9.44%	-71.33%	96.61%
Revenue (Total)	164.95M	144.58M	461.52M
Revenue (Total) Growth	14.09%	-68.67%	27.15%

Key Performance Indicators

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Bookings	-	435.90M	1.53B
Bookings Growth	-	-71.55%	44.99%
Contracted Backlog	-	1.17B	1.93B
Contracted Backlog Growth	-	-39.45%	99.10%
Contracted Storage AUM (in GWh)	-	5.60	5.50
Contracted Storage AUM (in GWh) Growth	-	1.82%	77.42%
Solar Operating AUM (in GWh)	33.90M	29.90M	27.50M
Solar Operating AUM (in GWh) Growth	13.38%	8.73%	10.00%
Contracted Annual Recurring Revenue (CARR)	-	86.00M	91.00M
Contracted Annual Recurring Revenue (CARR) Growth	-	-5.50%	39.36%

Updated Sep 30, 2025. Data Source: Fiscal.ai.