Security
Stem, Inc. · STEM
STEMNYSECommon stockCurrentCIK 1758766Updated Oct 3, 2026
Name history
Star Peak Energy Transition Corp. · through Apr 30, 2021Star Peak Energy Acquisition Corp. · through Nov 21, 2018
STEM price & chart
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Seeking Alpha
Stem reaffirms FY2026 revenue $140M-$190M while tracking toward high end of $10M-$15M adjusted EBITDA ↗
Stem, Inc. (STEM) Q2 2026 Earnings Call Transcript ↗
SEC disclosures
STEM, INC. files 8-K: Material Event ↗
Recent filings
S-8 filing
10-Q filing
Completion of Acquisition or Disposition of Assets · Regulation FD Disclosure
Items 2.01, 7.01, 9.01
4 filing
4 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 308,887,000Source | 437,359,000Source | 1,356,977,000Source | 1,421,893,000Source |
| Property, Plant and Equipment, NetUSD | 43,925,000Source | 58,820,000Source | — | — |
| GoodwillUSD | — | 0Source | 547,205,000Source | 546,649,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 123,028,000Source | 143,912,000Source | 157,146,000Source | 162,265,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 48,915,000Source | 56,299,000Source | 105,375,000Source | 87,903,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 38,353,000Source | 59,316,000Source | 302,848,000Source | 223,219,000Source |
| Inventory, NetUSD | — | — | 26,665,000Source | 8,374,000Source |
| Assets, CurrentUSD | 100,091,000Source | 136,617,000Source | 472,965,000Source | 532,755,000Source |
| Operating Lease, Right-of-Use AssetUSD | 9,571,000Source | 12,574,000Source | 12,255,000Source | 12,431,000Source |
| Other Assets, NoncurrentUSD | 24,806,000Source | 75,755,000Source | 81,869,000Source | 65,339,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 557,946,000Source | 835,192,000Source | 930,296,000Source | 869,726,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 1,000Source | 16,000Source | 16,000Source | 15,000Source |
| Additional Paid in CapitalUSD | 1,239,263,000Source | 1,228,042,000Source | 1,198,716,000Source | 1,185,364,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,488,747,000Source | -1,626,508,000Source | -772,494,000Source | -632,081,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 41,000Source | 76,000Source | -42,000Source | -1,672,000Source |
| Stockholders' Equity Attributable to ParentUSD | -249,442,000Source | -398,374,000Source | 426,196,000Source | 551,626,000Source |
| Liabilities and EquityUSD | 308,887,000Source | 437,359,000Source | 1,356,977,000Source | 1,421,893,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 110,565,000Source | 128,800,000Source | 251,080,000Source | 266,998,000Source |
| Operating Lease, Liability, CurrentUSD | 2,997,000Source | 2,758,000Source | 2,950,000Source | 2,574,000Source |
| Accounts Payable, CurrentUSD | 10,310,000Source | 30,147,000Source | 78,277,000Source | 83,831,000Source |
| Operating Lease, Liability, NoncurrentUSD | 9,860,000Source | 13,336,000Source | 10,455,000Source | 10,962,000Source |
| Other Liabilities, NoncurrentUSD | 820,000Source | 35,404,000Source | 416,000Source | 362,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 383,000Source | 541,000Source | 485,000Source | 541,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 26,875,000Source | 25,770,000Source | 76,873,000Source | 85,258,000Source |
| Short-term InvestmentsUSD | — | — | 8,200,000Source | 162,100,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 137,761,000Source | -854,014,000Source | -140,413,000Source | -124,054,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 44,947,000Source | 44,988,000Source | 46,275,000Source | 45,434,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 10,216,000Source | 18,471,000Source | 45,109,000Source | 28,661,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -17,729,000Source | -133,057,000Source | 80,887,000Source | 155,817,000Source |
| Increase (Decrease) in InventoriesUSD | -6,333,000Source | -2,766,000Source | 18,291,000Source | -18,606,000Source |
| Increase (Decrease) in Accounts PayableUSD | -19,850,000Source | -48,146,000Source | -5,241,000Source | 53,260,000Source |
| Deferred Income Tax Expense (Benefit)USD | -239,000Source | -110,000Source | -438,000Source | -15,509,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 6,861,000Source | -36,650,000Source | -207,377,000Source | -106,030,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 1,847,000Source | 533,009,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -6,602,000Source | -3,517,000Source | 135,727,000Source | -544,373,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | 0Source | 0Source | 2,302,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -7,563,000Source | -8,438,000Source | 90,238,000Source | -9,272,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -7,384,000Source | -48,390,000Source | 18,572,000Source | -659,877,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 50,701,000Source | 58,085,000Source | 106,475,000Source | 87,903,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 14,571,000Source | 16,198,000Source | 14,588,000Source | 6,407,000Source |
| Income Taxes Paid, NetUSD | 481,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -80,000Source | 215,000Source | -16,000Source | -202,000Source |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | 237,000Source | 236,000Source | 234,000Source | 243,000Source |
| AmortizationUSD | 28,500,000Source | 27,300,000Source | 24,900,000Source | 23,600,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 10,216,000Source | 18,471,000Source | 45,109,000Source | 28,661,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 1,540,000Source | 2,087,000Source | 2,602,000Source | 1,901,000Source |
| Amortization of Intangible AssetsUSD | 15,300,000Source | 15,300,000Source | 15,700,000Source | 16,800,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 237,000Source | 236,000Source | 234,000Source | 243,000Source |
| Capitalized Computer Software, AmortizationUSD | 13,200,000Source | 11,900,000Source | 9,200,000Source | 6,800,000Source |
| DepreciationUSD | 12,500,000Source | 13,400,000Source | — | — |
| Depreciation, NonproductionUSD | 600,000Source | 900,000Source | 700,000Source | 600,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 0Source | 1,477,000Source | — | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | -7,731,000Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -842,000Source | 0Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 220,047,000Source | 0Source | 59,121,000Source | 0Source |
| General and Administrative ExpenseUSD | 51,632,000Source | 88,071,000Source | 74,915,000Source | 77,028,000Source |
| GoodwillUSD | — | 0Source | 547,205,000Source | 546,649,000Source |
| Goodwill, Impairment LossUSD | 0Source | 547,152,000Source | — | — |
| Income Tax Expense (Benefit)USD | 536,000Source | 332,000Source | 433,000Source | -15,161,000Source |
| InterestExpenseNonoperatingUSD | 23,933,000Source | 18,293,000Source | — | — |
| Inventory Write-downUSD | 0Source | 14,673,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -124,054,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 0Source | 0Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 137,761,000Source | -854,014,000Source | -140,413,000Source | -124,054,000Source |
| Nonoperating Income (Expense)USD | 193,985,000Source | -14,226,000Source | 39,334,000Source | -8,094,000Source |
| Operating ExpensesUSD | 115,644,000Source | 828,398,000Source | 182,979,000Source | 164,213,000Source |
| Operating Lease, Impairment LossUSD | 1,357,000Source | 2,096,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 1,093,000Source | 2,590,000Source | 2,921,000Source | 2,374,000Source |
| Proceeds from Contributions from AffiliatesUSD | — | — | 0Source | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 0Source | 8,250,000Source | 141,810,000Source | 219,264,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 541,000Source |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | -158,000Source | 56,000Source | -56,000Source | — |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 276,000Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 0Source | 0Source | -1,561,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 156,266,000Source | 144,584,000Source | 461,515,000Source | 362,980,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -55,688,000Source | -839,456,000Source | -179,314,000Source | -131,121,000Source |
| Other Nonoperating Income (Expense)USD | 1,093,000Source | 2,590,000Source | 2,921,000Source | 2,374,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 138,297,000Source | -853,682,000Source | -139,980,000Source | -139,215,000Source |
| Income Tax Expense (Benefit)USD | 536,000Source | 332,000Source | 433,000Source | -15,161,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 0Source | 0Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -124,054,000Source |
| Earnings Per Share, BasicUSD per share | 16.52Source | -5.29Source | -0.9Source | -0.81Source |
| Earnings Per Share, DilutedUSD per share | -9.18Source | -5.29Source | -0.9Source | -0.81Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 8,338,759Source | 161,442,542Source | 155,583,957Source | 153,413,743Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 8,489,879Source | 161,442,542Source | 155,583,957Source | 153,413,743Source |
| Interest Expense (non-operating)USD | 23,933,000Source | 18,293,000Source | — | — |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | 237,000Source | 236,000Source | 234,000Source | 243,000Source |
| Amortization of Intangible AssetsUSD | 15,300,000Source | 15,300,000Source | 15,700,000Source | 16,800,000Source |
| Capitalized Computer Software, AmortizationUSD | 13,200,000Source | 11,900,000Source | 9,200,000Source | 6,800,000Source |
| Current Income Tax Expense (Benefit)USD | 775,000Source | 442,000Source | 871,000Source | 348,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | -7,731,000Source | 0Source |
| General and Administrative ExpenseUSD | 51,632,000Source | 88,071,000Source | 74,915,000Source | 77,028,000Source |
| Goodwill, Impairment LossUSD | 0Source | 547,152,000Source | — | — |
| Gross ProfitUSD | 59,956,000Source | -11,058,000Source | 3,665,000Source | 33,092,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 141,087,000Source | -852,576,000Source | -138,934,000Source | -137,164,000Source |
| Interest ExpenseUSD | — | — | 14,977,000Source | 10,468,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 137,761,000Source | -854,014,000Source | -140,413,000Source | -124,054,000Source |
| Nonoperating Income (Expense)USD | 193,985,000Source | -14,226,000Source | 39,334,000Source | -8,094,000Source |
| Operating ExpensesUSD | 115,644,000Source | 828,398,000Source | 182,979,000Source | 164,213,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | — | 0Source |
| Research and Development ExpenseUSD | 35,295,000Source | 51,282,000Source | 56,508,000Source | 38,303,000Source |
| Selling and Marketing ExpenseUSD | 28,717,000Source | 37,759,000Source | 51,556,000Source | 48,882,000Source |