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Stem, Inc.(STEM)Earnings, Financials & Key Ratios
STEM•NYSE
$10.69
$91M mkt cap·Price updated May 6, 2026
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-$12M+98.5%
- Net Income$138M+116.1%
- EPS (Diluted)-9.18+91.3%
- Gross Margin35.3%+561.5%
- EBITDA Margin-7.62%+98.6%
- Operating Margin-38.71%+93.3%
- Net Margin88.16%+114.9%
- ROIC-57.09%+57.1%
- Interest Coverage-2.53+94.5%
STEM Key Insights
Stem, Inc. (STEM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 33.9%
✗Weaknesses
- ✗Weak momentum: RS Rating 17 (bottom 17%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
STEM Price & Volume
Stem, Inc. (STEM) stock price & volume — 10-year historical chart
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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%
TTM0.74%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM117.83%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM91.22%
Return on Capital
10 Years-57.48%
5 Years-36.98%
3 Years-52.81%
Last Year-23.87%
STEM Recent Earnings
Stem, Inc. (STEM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Mar 4, 2026EPS
$1.85
Est $1.96
+5.6%
Revenue
$47M
Est $37M
+29.1%
Q4 2025
Oct 29, 2025EPS
$2.84
Est $1.85
-53.5%
Revenue
$38M
Est $44M
-12.4%
Q3 2025
Aug 7, 2025EPS
$3.73
Est $3.00
-24.3%
Revenue
$38M
Est $41M
-6.5%
Q2 2025
Apr 29, 2025EPS
$3.00
Est $4.00
+25.0%
Revenue
$33M
Est $32M
+1.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 4, 2026 | $1.85vs $1.96+5.6% | $47Mvs $37M+29.1% |
| Q4 2025 | Oct 29, 2025 | $2.84vs $1.85-53.5% | $38Mvs $44M-12.4% |
| Q3 2025 | Aug 7, 2025 | $3.73vs $3.00-24.3% | $38Mvs $41M-6.5% |
| Q2 2025 | Apr 29, 2025 | $3.00vs $4.00+25.0% | $33Mvs $32M+1.6% |
Based on last 12 quarters of dataView full earnings history →
STEM Peer Comparison
Stem, Inc. (STEM) competitors in Vertical software and industry platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FLUX | 28.38M | 1.33 | -3.33 | 9.22% | -8.36% | -67.4% | ||
 NRGV | 728.22M | 4.21 | -6.48 | 340.86% | -52.97% | -146.8% | 1.07 | |
 GREE | 19.44M | 1.24 | -0.66 | -15.42% | ||||
 GNRC | 15.69B | 267.42 | 99.41 | -2.02% | 4.37% | 7.18% | 0.51 | |
 BE | 68.63B | 285.47 | -771.54 | 37.33% | 0.25% | 0.79% | 3.77 | |
 FCEL | 673.92M | 12.81 | -1.73 | 41.05% | -107.98% | -26.76% | 0.20 | |
 SHLS | 1.4B | 8.33 | 41.65 | 19.07% | 6.27% | 5.67% | 0.29 | |
 ARRY | 1.24B | 8.12 | -11.13 | 40.22% | -5.56% | -20.64% | 2.94 |
Compare STEM vs Peers
Stem, Inc. (STEM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
STEM Income Statement
Stem, Inc. (STEM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 7.03M | 17.55M | 36.31M | 127.37M | 362.98M | 461.51M | 144.58M | 156.27M | 152.75M |
| Revenue Growth % | - | 149.6% | 106.85% | 250.82% | 184.98% | 27.15% | -68.67% | 8.08% | 0.74% |
| Cost of Goods Sold | 9.69M | 20.81M | 40.22M | 126.12M | 329.89M | 457.85M | 155.64M | 101.11M | 97.28M |
| COGS % of Revenue | 137.8% | 118.57% | 110.77% | 99.02% | 90.88% | 99.21% | 107.65% | 64.7% | - |
| Gross Profit | -2.66M▲ 0% | -3.26M▼ 22.6% | -3.91M▼ 20.0% | 1.25M▲ 131.9% | 33.09M▲ 2553.7% | 3.67M▼ 88.9% | -11.06M▼ 401.7% | 55.16M▲ 598.8% | 55.48M▲ 0% |
| Gross Margin % | -37.8% | -18.57% | -10.77% | 0.98% | 9.12% | 0.79% | -7.65% | 35.3% | 36.32% |
| Gross Profit Growth % | - | -22.65% | -20% | 131.88% | 2553.73% | -88.92% | -401.72% | 598.79% | - |
| Operating Expenses | 8.15K | 44.59M | 45.48M | 84.32M | 164.21M | 182.98M | 828.4M | 115.64M | 105.72M |
| OpEx % of Revenue | 0.12% | 254.05% | 125.25% | 66.2% | 45.24% | 39.65% | 572.95% | 74% | - |
| Selling, General & Admin | 3.45K | 29.89M | 29.53M | 61.6M | 125.91M | 126.47M | 125.83M | 80.35M | 75.17M |
| SG&A % of Revenue | 0.05% | 170.28% | 81.35% | 48.36% | 34.69% | 27.4% | 87.03% | 51.42% | - |
| Research & Development | 12.68M | 14.7M | 15.94M | 22.72M | 38.3M | 56.51M | 51.28M | 35.3M | 30.54M |
| R&D % of Revenue | 180.28% | 83.77% | 43.91% | 17.84% | 10.55% | 12.24% | 35.47% | 22.59% | - |
| Other Operating Expenses | -4.7K | 0 | 0 | 0 | 0 | 0 | 651.29M | 0 | 0 |
| Operating Income | -8.15K▲ 0% | -47.85M▼ 587016.6% | -49.39M▼ 3.2% | -83.07M▼ 68.2% | -131.12M▼ 57.8% | -179.31M▼ 36.8% | -839.46M▼ 368.1% | -60.49M▲ 92.8% | -53.55M▲ 0% |
| Operating Margin % | -0.12% | -272.62% | -136.03% | -65.22% | -36.12% | -38.85% | -580.6% | -38.71% | -35.06% |
| Operating Income Growth % | - | -587016.56% | -3.21% | -68.21% | -57.84% | -36.75% | -368.15% | 92.79% | - |
| EBITDA | 4.89M | -33.96M | -31.06M | -62.25M | -90.05M | -133.48M | -795.12M | -11.9M | -15.92M |
| EBITDA Margin % | 69.59% | -193.49% | -85.55% | -48.87% | -24.81% | -28.92% | -549.94% | -7.62% | -10.42% |
| EBITDA Growth % | - | -793.95% | 8.54% | -100.4% | -44.66% | -48.23% | -495.68% | 98.5% | 97.9% |
| D&A (Non-Cash Add-back) | 4.9M | 13.89M | 18.32M | 20.82M | 41.07M | 45.83M | 44.34M | 48.58M | 37.63M |
| EBIT | -8.14K | -47.55M | -135.31M | -83.82M | -128.75M | -125M | -835.39M | -60.49M | 177.27M |
| Net Interest Income | 0 | -12.55M | -20.81M | -17.39M | -10.47M | -14.98M | -18.29M | -23.93M | -19.64M |
| Interest Income | 5.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 12.55M | 20.81M | 17.39M | 10.47M | 14.98M | 18.29M | 23.93M | 12.28M |
| Other Income/Expense | -49.03M | -11.56M | -106.73M | -18.14M | -8.09M | 39.33M | -14.23M | 198.78M | 197.98M |
| Pretax Income | -8.14K▲ 0% | -59.41M▼ 729369.5% | -156.12M▼ 162.8% | -101.21M▲ 35.2% | -139.22M▼ 37.5% | -139.98M▼ 0.5% | -853.68M▼ 509.9% | 138.3M▲ 116.2% | 144.43M▲ 0% |
| Pretax Margin % | -0.12% | -338.47% | -430% | -79.46% | -38.35% | -30.33% | -590.44% | 88.5% | 94.55% |
| Income Tax | 13K | 6K | 5K | 0 | -15.16M | 433K | 332K | 536K | 366K |
| Effective Tax Rate % | -159.63% | -0.01% | -0% | 0% | 10.89% | -0.31% | -0.04% | 0.39% | 0.25% |
| Net Income | -8.14K▲ 0% | -59.41M▼ 729443.2% | -156.12M▼ 162.8% | -101.21M▲ 35.2% | -124.05M▼ 22.6% | -140.41M▼ 13.2% | -854.01M▼ 508.2% | 137.76M▲ 116.1% | 143.84M▲ 0% |
| Net Margin % | -0.12% | -338.5% | -430.01% | -79.46% | -34.18% | -30.42% | -590.67% | 88.16% | 94.16% |
| Net Income Growth % | - | -729443.22% | -162.77% | 35.17% | -22.57% | -13.19% | -508.22% | 116.13% | 117.83% |
| Net Income (Continuing) | -8.14K | -59.41M | -156.12M | -101.21M | -124.05M | -140.41M | -854.01M | 137.76M | 143.84M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 541K | 485K | 541K | 383K | 383K |
| EPS (Diluted) | -0.00▲ 0% | -0.00▼ 29.4% | -77.94▼ 1771263.6% | -19.18▲ 75.4% | -16.17▲ 15.7% | -18.05▼ 11.6% | -105.80▼ 486.1% | -9.18▲ 91.3% | 16.89▲ 0% |
| EPS Growth % | - | - | - | 75.39% | 15.69% | -11.63% | -486.15% | 91.32% | 91.22% |
| EPS (Basic) | -0.00 | -0.00 | -77.94 | -19.18 | -16.17 | -18.05 | -105.80 | 16.52 | - |
| Diluted Shares Outstanding | 2.4M | 2.4M | 2M | 5.28M | 7.67M | 7.78M | 8.07M | 8.49M | 8.52M |
| Basic Shares Outstanding | 2.4M | 2.4M | 2M | 5.28M | 7.67M | 7.78M | 8.07M | 8.34M | 8.52M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
STEM Balance Sheet
Stem, Inc. (STEM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 159.67K | 28.8M | 49.28M | 1.02B | 532.75M | 472.96M | 136.62M | 100.09M | 85.3M |
| Cash & Short-Term Investments | 159.67K | 12.89M | 6.94M | 920.79M | 249.98M | 113.59M | 56.3M | 48.91M | 36.59M |
| Cash Only | 159.67K | 12.89M | 6.94M | 747.78M | 87.9M | 105.38M | 56.3M | 48.91M | 36.59M |
| Short-Term Investments | 0 | 0 | 0 | 173.01M | 162.07M | 8.22M | 0 | 0 | 0 |
| Accounts Receivable | 1.5M | 6.62M | 13.7M | 61.91M | 223.29M | 302.92M | 59.36M | 38.35M | 33.34M |
| Days Sales Outstanding | 77.86 | 137.64 | 137.68 | 177.42 | 224.54 | 239.57 | 149.86 | 89.58 | 89.83 |
| Inventory | 2.01M | 3.58M | 20.84M | 22.72M | 8.37M | 26.66M | 10.92M | 4.59M | 5.7M |
| Days Inventory Outstanding | 75.6 | 62.79 | 189.16 | 65.75 | 9.27 | 21.26 | 25.61 | 16.56 | 18.81 |
| Other Current Assets | 27.26M | 4.84M | 7.1M | 15.29M | 45.35M | 23.66M | 4.2M | 8.24M | 9.67M |
| Total Non-Current Assets | 322.08K | 159.25M | 156.57M | 167.98M | 889.14M | 884.01M | 300.74M | 208.8M | 196.59M |
| Property, Plant & Equipment | 103.17M | 132.59M | 124.11M | 119.62M | 105.35M | 89.49M | 73.51M | 9.57M | 11.28M |
| Fixed Asset Turnover | 0.07x | 0.13x | 0.29x | 1.06x | 3.45x | 5.16x | 1.97x | 16.33x | 4.33x |
| Goodwill | 1.63M | 1.7M | 1.74M | 1.74M | 546.65M | 547.21M | 0 | 0 | 0 |
| Intangible Assets | 8.66M | 10.7M | 12.09M | 13.97M | 162.26M | 157.15M | 143.91M | 123.03M | 117.29M |
| Long-Term Investments | 767K | 843K | 744K | 1.92M | 1.97M | 2.09M | 2.25M | 6.18M | 6.18M |
| Other Non-Current Assets | 322.08K | 13.43M | 17.9M | 30.73M | 72.91M | 88.08M | 81.07M | 70.02M | 302.29M |
| Total Assets | 481.75K▲ 0% | 188.05M▲ 38934.1% | 205.85M▲ 9.5% | 1.19B▲ 479.0% | 1.42B▲ 19.3% | 1.36B▼ 4.6% | 437.36M▼ 67.8% | 308.89M▼ 29.4% | 281.88M▲ 0% |
| Asset Turnover | 14.60x | 0.09x | 0.18x | 0.11x | 0.26x | 0.34x | 0.33x | 0.51x | 0.46x |
| Asset Growth % | - | 38934.15% | 9.47% | 478.98% | 19.3% | -4.57% | -67.77% | -29.37% | -137.53% |
| Total Current Liabilities | 464.89K | 109.35M | 190.51M | 87.97M | 267M | 251.08M | 128.8M | 110.56M | 101.27M |
| Accounts Payable | 0 | 12.69M | 13.75M | 28.27M | 83.83M | 78.28M | 30.15M | 10.31M | 7.08M |
| Days Payables Outstanding | - | 222.57 | 124.78 | 81.82 | 92.75 | 62.4 | 70.7 | 37.22 | 37.34 |
| Short-Term Debt | 175K | 70.19M | 101.27M | 15.28M | 0 | 0 | 0 | 16.79M | 0 |
| Deferred Revenue (Current) | -4.89M | 0 | 36.94M | 9.16M | 64.31M | 54M | 43.26M | 43.63M | 171.6M |
| Other Current Liabilities | -13.75M | 12.94M | 15.77M | 275K | 17.87M | 24.58M | 20.16M | 39.84M | 58.48M |
| Current Ratio | 0.34x | 0.26x | 0.26x | 11.64x | 2.00x | 1.88x | 1.06x | 0.91x | 0.91x |
| Quick Ratio | -3.97x | 0.23x | 0.15x | 11.38x | 1.96x | 1.78x | 0.98x | 0.86x | 0.86x |
| Cash Conversion Cycle | - | -22.14 | 202.06 | 161.35 | 141.05 | 198.43 | 104.77 | 68.92 | 71.29 |
| Total Non-Current Liabilities | 70.14M | 97.14M | 192.74M | 436.04M | 602.73M | 679.22M | 706.39M | 447.38M | 446.49M |
| Long-Term Debt | 53.84M | 81.21M | 4.61M | 318.23M | 449.51M | 523.63M | 525.92M | 312.39M | 329.07M |
| Capital Lease Obligations | 1.26M | 390K | 57K | 12.18M | 10.96M | 10.46M | 13.34M | 39.45M | 61.75M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 15.03M | 15.54M | 172.61M | 77.34M | 68.49M | 56.48M | 81.23M | 10.29M | 279.23M |
| Total Liabilities | 464.89K | 206.49M | 383.26M | 524M | 869.73M | 930.3M | 835.19M | 557.95M | 547.76M |
| Total Debt | 175K | 152.44M | 106.28M | 346.93M | 463.05M | 537.04M | 542.02M | 368.63M | 329.07M |
| Net Debt | 15.33K | 139.55M | 99.33M | -400.85M | 375.14M | 431.66M | 485.72M | 319.71M | 292.48M |
| Debt / Equity | 10.38x | - | - | 0.52x | 0.84x | 1.26x | - | - | -1.24x |
| Debt / EBITDA | 0.04x | - | - | - | - | - | - | - | -20.67x |
| Net Debt / EBITDA | 0.00x | - | - | - | - | - | - | - | -18.37x |
| Interest Coverage | - | -3.79x | -6.50x | -4.82x | -12.30x | -8.35x | -45.67x | -2.53x | 14.43x |
| Total Equity | 16.86K▲ 0% | -18.44M▼ 109485.4% | -177.41M▼ 862.2% | 667.83M▲ 476.4% | 552.17M▼ 17.3% | 426.68M▼ 22.7% | -397.83M▼ 193.2% | -248.68M▲ 37.5% | -265.5M▲ 0% |
| Equity Growth % | - | -109485.38% | -862.19% | 476.43% | -17.32% | -22.73% | -193.24% | 37.49% | 100.08% |
| Book Value per Share | 0.01 | -7.69 | -88.56 | 126.53 | 71.98 | 54.85 | -49.28 | -29.29 | -31.17 |
| Total Shareholders' Equity | 16.86K | -18.44M | -177.41M | 667.83M | 551.63M | 426.2M | -398.37M | -249.06M | -265.88M |
| Common Stock | 1.01K | 0 | 4K | 14K | 15K | 16K | 16K | 1K | 1K |
| Retained Earnings | -8.14K | -259.05M | -407.84M | -509.05M | -632.08M | -772.49M | -1.63B | -1.49B | -1.51B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -220.63M | 54K | -192K | 20K | -1.67M | -42K | 76K | 41K | 179K |
| Minority Interest | 0 | 0 | 0 | 0 | 541K | 485K | 541K | 383K | 383K |
STEM Cash Flow Statement
Stem, Inc. (STEM) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -2.58K | -29.68M | -33.67M | -101.27M | -106.03M | -207.38M | -36.65M | 6.86M | 6.86M |
| Operating CF Margin % | -0.04% | -169.09% | -92.74% | -79.5% | -29.21% | -44.93% | -25.35% | 4.39% | - |
| Operating CF Growth % | - | -1151102.48% | -13.45% | -200.75% | -4.7% | -95.58% | 82.33% | 118.72% | 100.12% |
| Net Income | -8.14K | -59.41M | -156.12M | -101.21M | -124.05M | -140.41M | -854.01M | 137.76M | 143.84M |
| Depreciation & Amortization | 4.9M | 13.89M | 17.74M | 24.47M | 41.07M | 46.27M | 44.99M | 44.95M | 42.59M |
| Stock-Based Compensation | 1.26M | 1.53M | 4.54M | 13.55M | 0 | 45.11M | 18.47M | 10.22M | 7.95M |
| Deferred Taxes | 0 | -1.2M | 85.72M | 10.74M | 0 | -335K | 0 | 0 | 141K |
| Other Non-Cash Items | -871 | 5.89M | 10.85M | 10.72M | 29.21M | -40.46M | 694.14M | -216.43M | -56.96M |
| Working Capital Changes | 5.57K | 9.62M | 3.6M | -59.54M | -52.26M | -117.55M | 59.77M | 30.37M | 14.01M |
| Change in Receivables | -203K | -5.11M | -6.99M | -48.13M | -155.82M | -80.89M | 133.06M | 17.73M | -1.61M |
| Change in Inventory | 1.23M | -1.55M | -17.26M | -1.88M | 18.61M | -18.29M | 2.77M | 6.33M | 3.14M |
| Change in Payables | 871 | 8.58M | -1.27M | 8.05M | 53.26M | -5.24M | -48.15M | -19.85M | -12.58M |
| Cash from Investing | -64.38M | -46.36M | -12.04M | -185.23M | -543.83M | 135.73M | -3.52M | -6.76M | -4.55M |
| Capital Expenditures | -55.53M | -46.36M | -12.04M | -10.17M | -20.87M | -4.14M | -217K | -6.6M | -927K |
| CapEx % of Revenue | 789.68% | 264.12% | 33.15% | 7.99% | 5.75% | 0.9% | 0.15% | 4.22% | - |
| Acquisitions | -3.59M | 0 | 0 | 0 | -532.47M | -1.85M | 0 | -158K | -195K |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -5.26M | 0 | 0 | 0 | 0 | -14.01M | -11.55M | 0 | -3.43M |
| Cash from Financing | 162.25K | 67.2M | 40.29M | 1.03B | -9.81M | 90.24M | -8.44M | -7.41M | -7.35M |
| Debt Issued (Net) | 41.59M | 42.16M | 34.34M | 409.31M | -8.79M | 130.54M | -8.49M | -7.41M | -2.07M |
| Equity Issued (Net) | 25K | 0 | 422K | 148.53M | 1.28M | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -41.45M | 25.04M | 5.53M | 469.25M | -2.3M | -40.31M | 56K | 0 | -5.29M |
| Net Change in Cash | -64.22M▲ 0% | -9.01M▲ 86.0% | -5.95M▲ 34.0% | 740.84M▲ 12557.3% | -659.88M▼ 189.1% | 18.57M▲ 102.8% | -48.39M▼ 360.6% | -7.38M▲ 84.7% | -22M▲ 0% |
| Free Cash Flow | -55.53M▲ 0% | -76.04M▼ 36.9% | -45.71M▲ 39.9% | -111.44M▼ 143.8% | -110.13M▲ 1.2% | -225.61M▼ 104.9% | -48.42M▲ 78.5% | 6.86M▲ 114.2% | -8.38M▲ 0% |
| FCF Margin % | -789.71% | -433.2% | -125.89% | -87.49% | -30.34% | -48.89% | -33.49% | 4.39% | -5.48% |
| FCF Growth % | - | -36.92% | 39.89% | -143.81% | 1.17% | -104.86% | 78.54% | 114.17% | 75.26% |
| FCF per Share | -23.16 | -31.72 | -22.82 | -21.11 | -14.36 | -29.00 | -6.00 | 0.81 | 0.81 |
| FCF Conversion (FCF/Net Income) | 0.32x | 0.50x | 0.22x | 1.00x | 0.85x | 1.48x | 0.04x | 0.05x | -0.06x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 14.59M | 16.2M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 235K | 680K | 0 | 0 |
STEM Key Ratios
Stem, Inc. (STEM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -41.28% | -20.34% | -28.69% | -5920.78% | - | -59.76% |
| Return on Invested Capital (ROIC) | -59.25% | -172.15% | -65.97% | -16.47% | -15.06% | -133.07% | -57.09% | -57.09% |
| Gross Margin | -18.57% | -10.77% | 0.98% | 9.12% | 0.79% | -7.65% | 35.3% | 36.32% |
| Net Margin | -338.5% | -430.01% | -79.46% | -34.18% | -30.42% | -590.67% | 88.16% | 94.16% |
| Debt / Equity | - | - | 0.52x | 0.84x | 1.26x | - | - | -1.24x |
| Interest Coverage | -3.79x | -6.50x | -4.82x | -12.30x | -8.35x | -45.67x | -2.53x | 14.43x |
| FCF Conversion | 0.50x | 0.22x | 1.00x | 0.85x | 1.48x | 0.04x | 0.05x | -0.06x |
| Revenue Growth | 149.6% | 106.85% | 250.82% | 184.98% | 27.15% | -68.67% | 8.08% | 0.74% |
STEM SEC Filings & Documents
Stem, Inc. (STEM) SEC filings — annual & quarterly reports (10-K, 10-Q)
STEM Frequently Asked Questions
Stem, Inc. (STEM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Stem, Inc. (STEM) reported $152.8M in revenue for fiscal year 2025. This represents a 2072% increase from $7.0M in 2018.
Stem, Inc. (STEM) grew revenue by 8.1% over the past year. This is steady growth.
Yes, Stem, Inc. (STEM) is profitable, generating $143.8M in net income for fiscal year 2025 (88.2% net margin).
Dividend & Returns
Stem, Inc. (STEM) had negative free cash flow of $8.4M in fiscal year 2025, likely due to heavy capital investments.
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