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STEMStem, Inc.
$7.92$67M
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STEM logoStem, Inc.(STEM)Earnings, Financials & Key Ratios

STEM•NYSE
$7.92
Price updated Jul 7, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryVertical software and industry platforms
AboutStem, Inc. operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems. In addition, it offers system design and engineering services, supply chain management, energy storage value stream optimization, warranty and preventive maintenance plan management, operation and maintenance reporting, and program enrollment and incentive management services. The company serves commercial and industrial enterprises, independent power producers, renewable project developers, and utilities and grid operators. Stem, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.Show more
  • Revenue$156M+8.1%
  • EBITDA-$11M+98.6%
  • Net Income$138M+116.1%
  • EPS (Diluted)-9.18+91.3%
  • Gross Margin38.37%+601.7%
  • EBITDA Margin-6.87%+98.8%
  • Operating Margin-35.64%+93.9%
  • Net Margin88.16%+114.9%

STEM Price & Volume

Stem, Inc. (STEM) stock price & volume — 10-year historical chart

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Strategic Pivot Struggles Amidst Severe Liquidity Contraction

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and solvency pressure

Key Thesis Takeaways

  • Stem, Inc.
  • is currently navigating a precarious transition from hardware-heavy deployments to a software-centric model, a shift that has resulted in a revenue collapse from $167.4M in 2023Q4 to $25.5M in 2026Q1.
  • The company's inability to achieve consistent operating leverage, evidenced by a persistent -$30.5M operating loss in the most recent quarter, raises significant concerns regarding its long-term viability.
  • Investors should remain cautious as the firm faces a negative equity position of -$265.9M and a tightening liquidity window that threatens to necessitate further dilutive financing.

Verdict Logic

the company's current ratio of 0.84 and the accumulation of $1.5 billion in retained earnings losses suggest an unsustainable path that warrants extreme caution.

STEM Growth Metrics

Stem, Inc. (STEM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years33.9%
3 Years-24.49%
TTM-1.54%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM117.27%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM91.22%

Return on Capital

10 Years-57.24%
5 Years-36.6%
3 Years-52.18%
Last Year-21.97%

STEM Recent Earnings

Stem, Inc. (STEM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$2.22-26.1%
$1.76
Rev
$29M-16.2%
$35M
Q2 2026
Mar 4, 2026
Metric
Actual
Est
EPS
$1.85+14.8%
$2.17
Rev
$47M+20.9%
$39M
Q4 2025
Oct 29, 2025
Metric
Actual
Est
EPS
$2.84-53.5%
$1.85
Rev
$38M-12.4%
$44M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$3.73-24.3%
$3.00
Rev
$38M-6.5%
$41M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$2.22vs $1.76-26.1%
$29Mvs $35M-16.2%
Q2 2026Mar 4, 2026
$1.85vs $2.17+14.8%
$47Mvs $39M+20.9%
Q4 2025Oct 29, 2025
$2.84vs $1.85-53.5%
$38Mvs $44M-12.4%
Q3 2025Aug 7, 2025
$3.73vs $3.00-24.3%
$38Mvs $41M-6.5%
Based on last 12 quarters of dataView full earnings history →

Latest STEM News

Recent stock market news and headlines for Stem, Inc. (STEM)

Business Wire·Jul 1, 2026
Stem Wins The smarter E AWARD 2026 for PowerTrack Energy Management System

HOUSTON--(BUSINESS WIRE)--Stem, Inc. (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced that its PowerTrack™ Energy Management System (EMS) has won The smarter E AWARD 2026 in the Smart Integrated Energy category. Organized by Solar Promotion International GmbH and Freiburg Management and Marketing International GmbH (FMMI), The smarter E AWARD is presented across five industry categories, honoring pioneers of the energy industry during its marquee e.

Business Wire·Jun 17, 2026
Stem Launches AIONA, a Dedicated AI Services Offering Built for Operational Impact

HOUSTON--(BUSINESS WIRE)--Stem Inc. (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced the launch of AIONA, Stem's AI services offering developed in direct response to growing customer and market demand for practical, execution-focused artificial intelligence solutions. AIONA builds on Stem's deep experience applying AI, data science, optimization, and automation across complex clean energy environments. Through its PowerTrack™ platform and broader s.

Business Wire·Jun 15, 2026
Battelle Funds 16 Central Ohio STEM Programs Serving 14,000 Youth

COLUMBUS, Ohio--(BUSINESS WIRE)--Sixteen Central Ohio nonprofits will receive $968,000 through the 2026 Battelle Central Ohio STEM Grants, expanding high-impact science, technology, engineering and math (STEM) learning opportunities for more than 14,000 students and 1,400 educators across the region. The 2026 awards lift Battelle's cumulative giving through this program to $8.8 million since the grants began in 2013. This year's portfolio highlights a strong focus on innovation: artificial inte.

Peers Comparison

Key metrics vs top competitors for Stem, Inc. (STEM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
STEM logoSTEMStem, Inc.Current
$7.92$67.47M-0.868.08%88.16%——
FLUX logoFLUXFlux Power Holdings, Inc.
$0.75$13.13M-1.889.22%-12.48%-737.52%—
NRGV logoNRGVEnergy Vault Holdings, Inc.
$3.79$655.58M-5.83340.86%-52.97%-146.8%—
GREE logoGREEGreenidge Generation Holdings Inc.
$1.95$32.87M4.88-1.27%10.38%——
GNRC logoGNRCGenerac Holdings Inc.
$235.80$13.84B87.66-2.02%4.37%7.18%—
BE logoBEBloom Energy Corporation
$269.57$64.81B-728.5737.33%0.25%0.79%—

Compare STEM vs Peers

Stem, Inc. (STEM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FLUX

Most directly comparable listed peer for STEM.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare STEM against a more recognizable public peer.

Peer Set

Compare Top 5

vs FLUX, NRGV, GREE, GNRC

STEM SEC Filings & Documents

Stem, Inc. (STEM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 17, 2026·SEC

Material company update

Mar 6, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 5, 2026·SEC

FY 2025

Mar 5, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Aug 8, 2025·SEC

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STEM Frequently Asked Questions

Stem, Inc. (STEM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Stem, Inc.'s revenue?

Stem, Inc. (STEM) reported $149.3M in revenue for fiscal year 2025. This represents a 2023% increase from $7.0M in 2018.

How fast is Stem, Inc. growing?

Stem, Inc. (STEM) grew revenue by 8.1% over the past year. This is steady growth.

Is STEM profitable?

Yes, Stem, Inc. (STEM) is profitable, generating $139.3M in net income for fiscal year 2025 (88.2% net margin).

Dividend & Returns
What is Stem, Inc.'s free cash flow?

Stem, Inc. (STEM) had negative free cash flow of $8.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in STEM back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →