Stem, Inc. (STEM)

5.44 -4.56% (-0.26)

Over 5Y: -98.9%

2026-08-28
200 400
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '21 — Revenue: 39.8M Q3 '21 — Operating Cash Flow: -27.2M Q3 '21 — Free Cash Flow: -27.4M Q3 '21 — Net Income: 115.6M Q4 '21 — Revenue: 52.8M Q4 '21 — Operating Cash Flow: -32.2M Q4 '21 — Free Cash Flow: -32.3M Q4 '21 — Net Income: -34.1M Q1 '22 — Revenue: 41.1M Q1 '22 — Operating Cash Flow: -26M Q1 '22 — Free Cash Flow: -27.3M Q1 '22 — Net Income: -22.5M Q2 '22 — Revenue: 66.9M Q2 '22 — Operating Cash Flow: -6.6M Q2 '22 — Free Cash Flow: -7.8M Q2 '22 — Net Income: -32M Q3 '22 — Revenue: 99.5M Q3 '22 — Operating Cash Flow: -36M Q3 '22 — Free Cash Flow: -36.9M Q3 '22 — Net Income: -34.3M Q4 '22 — Revenue: 155.4M Q4 '22 — Operating Cash Flow: -37.4M Q4 '22 — Free Cash Flow: -37.4M Q4 '22 — Net Income: -35.3M Q1 '23 — Revenue: 67.4M Q1 '23 — Operating Cash Flow: -35.8M Q1 '23 — Free Cash Flow: -36M Q1 '23 — Net Income: -44.8M Q2 '23 — Revenue: 92.9M Q2 '23 — Operating Cash Flow: -165.4M Q2 '23 — Free Cash Flow: -165.5M Q2 '23 — Net Income: 19.1M Q3 '23 — Revenue: 133.7M Q3 '23 — Operating Cash Flow: -4M Q3 '23 — Free Cash Flow: -4.1M Q3 '23 — Net Income: -77.1M Q4 '23 — Revenue: 167.4M Q4 '23 — Operating Cash Flow: -2.1M Q4 '23 — Free Cash Flow: -3.2M Q4 '23 — Net Income: -37.7M Q1 '24 — Revenue: 25.5M Q1 '24 — Operating Cash Flow: -621K Q1 '24 — Free Cash Flow: -682K Q1 '24 — Net Income: -72.3M Q2 '24 — Revenue: 34M Q2 '24 — Operating Cash Flow: -11.9M Q2 '24 — Free Cash Flow: -12M Q2 '24 — Net Income: -582.3M Q3 '24 — Revenue: 29.3M Q3 '24 — Operating Cash Flow: -9.4M Q3 '24 — Free Cash Flow: -9.5M Q3 '24 — Net Income: -148.3M Q4 '24 — Revenue: 55.8M Q4 '24 — Operating Cash Flow: -14.7M Q4 '24 — Free Cash Flow: -14.7M Q4 '24 — Net Income: -51.1M Q1 '25 — Revenue: 32.5M Q1 '25 — Operating Cash Flow: 8.5M Q1 '25 — Free Cash Flow: 8.5M Q1 '25 — Net Income: -25M Q2 '25 — Revenue: 38.4M Q2 '25 — Operating Cash Flow: -21.3M Q2 '25 — Free Cash Flow: -21.3M Q2 '25 — Net Income: 202.5M Q3 '25 — Revenue: 38.2M Q3 '25 — Operating Cash Flow: 11.4M Q3 '25 — Free Cash Flow: 11.3M Q3 '25 — Net Income: -23.8M Q4 '25 — Revenue: 47.1M Q4 '25 — Operating Cash Flow: 8.2M Q4 '25 — Free Cash Flow: 8.2M Q4 '25 — Net Income: -16M Q1 '26 — Revenue: 29M Q1 '26 — Operating Cash Flow: -8.3M Q1 '26 — Net Income: -18.9M Q2 '26 — Revenue: 33.7M Q2 '26 — Operating Cash Flow: 342K Q2 '26 — Net Income: -14.4M -400M -200M 0 200M 400M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

3.0
OE margin 2.4%
Oper. margin -29.1%
Accruals -30.3%
Gross margin 41.5%
FCF margin 7.9%
OCF margin 7.9%
Profit margin -49.4%
ROA -26.1%
ROCE -25.0%
Capex / sales —
OCF / EBIT —
ROE —
ROIC —

4 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

3.7
RPO / sales 2.5×
RPO growth -7.8%
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

2.0
ND/EBITDA —
Cash / Debt 0.21×
F-score 5.6 pts
Debt payback 12.5 yr
Quick ratio 0.6×
Cash runway —
Debt / Eq —
Equity / Assets —
Net debt / Eq —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.5
Sales/sh Y/Y -9.8%
Sales Q/Q -12.3%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.