STEM - NYSE
Stem, Inc.
$9.04
-11%Stem, 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.
At a Glance
Live SnapshotStem, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
Stem, Inc. Income Statement
STEM • NYSE
| Stem, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||
156.3M | 144.6M | 461.5M | 363M | 127.4M | 36.3M | 17.6M | 7M | |
GROSS PROFIT | ||||||||
(101.1M) | (155.6M) | (457.9M) | (329.9M) | (126.1M) | (40.2M) | (20.8M) | (9.7M) | |
55.2M | -11.1M | 3.7M | 33.1M | 1.2M | -3.9M | -3.3M | -2.7M | |
OPERATING INCOME | ||||||||
(115.6M) | (828.4M) | (183M) | (164.2M) | (84.3M) | (45.5M) | (44.6M) | (8.1K) | |
(80.3M) | (125.8M) | (126.5M) | (125.9M) | (61.6M) | (29.5M) | (29.9M) | (3.4K) | |
(35.3M) | (51.3M) | (56.5M) | (38.3M) | (22.7M) | (15.9M) | (14.7M) | (12.7M) | |
-60.5M | -839.5M | -179.3M | -131.1M | -83.1M | -49.4M | -47.9M | -8.1K | |
PRE-TAX INCOME | ||||||||
(23.9M) | (18.3M) | (15M) | (10.5M) | (17.4M) | (20.8M) | (12.5M) | (0.0) | |
-23.9M | -18.3M | -15M | -10.5M | -17.4M | -20.8M | -12.5M | 0.0 | |
(0.0) | (651.3M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -4.7K | |
198.8M | -14.2M | 39.3M | -8.1M | -18.1M | -106.7M | -11.6M | -49M | |
138.3M | -853.7M | -140M | -139.2M | -101.2M | -156.1M | -59.4M | -8.1K | |
NET INCOME | ||||||||
(536K) | (332K) | (433K) | -15.2M | (0.0) | (5K) | (6K) | (13K) | |
137.8M | -854M | -140.4M | -124.1M | -101.2M | -156.1M | -59.4M | -8.1K |
SEC Filings
STEM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 03, 2026 | June 03, 2026 | 2026 | |
S-3 S-3 N/A | June 02, 2026 | June 02, 2026 | ||
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 24, 2026 | April 24, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 17, 2026 | March 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 06, 2026 | March 06, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 05, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 04, 2026 | March 04, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 19, 2025 | December 17, 2025 | 2025 |
Related Guides
Continue your STEM research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.