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STEM (Stem, Inc.) Stock Financials & Earnings | Market Cap Arena
STEM
Stem, Inc.
Mkt Cap
$95M
Technology
·
Software - Infrastructure
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$156M
Net Income (TTM)
$138M
EPS (TTM)
-$15986.68
Free Cash Flow (TTM)
-$4M
Gross Margin
38.4%
Op. Margin
-35.6%
Net Margin
88.2%
FCF Margin
-2.6%
P/S Ratio (TTM)
0.6x
P/E Ratio (TTM)
0.7x
YoY Rev Growth
+8.1%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$67M
$994K
-$43M
Q2 23
$93M
$12M
-$35M
Q3 23
$134M
-$20M
-$68M
Q4 23
$167M
$13M
-$34M
Q1 24
$25M
-$24M
-$68M
Q2 24
$34M
$9M
-$580M
Q3 24
$29M
$6M
-$144M
Q4 24
$56M
-$2M
-$47M
Q1 25
$33M
$11M
-$21M
Q2 25
$38M
$13M
-$13M
Q3 25
$38M
$14M
-$13M
Q4 25
$47M
$23M
-$8M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.2x
—
Q2 23
0.2x
—
Q3 23
0.2x
—
Q4 23
0.2x
—
Q1 24
0.2x
—
Q2 24
0.3x
—
Q3 24
0.4x
—
Q4 24
0.7x
—
Q1 25
0.6x
—
Q2 25
0.6x
—
Q3 25
0.6x
0.9x
Q4 25
0.6x
0.7x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$36M
-$41M
Q2 23
-$165M
-$167M
Q3 23
-$4M
-$7M
Q4 23
-$2M
-$7M
Q1 24
-$621K
-$733K
Q2 24
-$12M
-$12M
Q3 24
-$9M
-$9M
Q4 24
-$15M
-$17M
Q1 25
$9M
$5M
Q2 25
-$21M
-$18M
Q3 25
$11M
$10M
Q4 25
-$2M
-$2M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$5M
Q2 23
$1M
Q3 23
$3M
Q4 23
$5M
Q1 24
$112K
Q2 24
$65K
Q3 24
$51K
Q4 24
$3M
Q1 25
$4M
Q2 25
$4M
Q3 25
$1M
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+64.1%
+44.7%
Q2 23
+38.8%
+32.1%
Q3 23
+34.4%
+52.9%
Q4 23
+7.7%
+6.2%
Q1 24
-62.2%
-15.1%
Q2 24
-63.4%
+380.3%
Q3 24
-78.1%
-14.0%
Q4 24
-66.7%
-48.8%
Q1 25
+27.7%
-42.6%
Q2 25
+12.9%
-91.6%
Q3 25
+30.5%
-70.6%
Q4 25
-15.6%
-46.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$7M
10.7%
Q2 23
$0
0.0%
Q3 23
$11M
8.4%
Q4 23
$17M
10.0%
Q1 24
$8M
32.9%
Q2 24
$7M
20.0%
Q3 24
$0
0.0%
Q4 24
-$3M
-5.8%
Q1 25
$4M
13.3%
Q2 25
$1M
3.6%
Q3 25
$2M
5.8%
Q4 25
$2M
4.9%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$13M
$18M
$12M
Q2 23
$14M
$19M
$14M
Q3 23
$14M
$22M
$12M
Q4 23
$28M
$6M
$14M
Q1 24
$14M
$19M
$11M
Q2 24
$15M
$16M
$11M
Q3 24
$11M
$27M
$8M
Q4 24
$11M
$26M
$7M
Q1 25
$11M
$14M
$7M
Q2 25
$10M
$9M
$7M
Q3 25
$7M
$13M
$7M
Q4 25
$7M
$17M
$8M
marketcaparena.com
Rule of 40
Rule of 40
Quarter
Rev Growth %
EBITDA Margin %
Rule of 40
Q1 23
64.1%
-46.4%
17.7
Q2 23
38.8%
38.3%
77.1
Q3 23
34.4%
-45.9%
-11.5
Q4 23
7.7%
-16.4%
-8.7
Q1 24
-62.2%
-222.1%
-284.4
Q2 24
-63.4%
-1665.3%
-1728.7
Q3 24
-78.1%
-452.9%
-531.0
Q4 24
-66.7%
-62.6%
-129.3
Q1 25
27.7%
-65.0%
-37.4
Q2 25
12.9%
568.9%
581.8
Q3 25
30.5%
-14.8%
15.8
Q4 25
-15.6%
-43.5%
-59.1
marketcaparena.com
Revenue Segments
Hardware
Service
Quarter
Hardware
Service
Q1 23
$53M
$15M
Q2 23
$77M
$16M
Q3 23
$117M
$17M
Q4 23
$153M
$15M
Q1 24
$11M
$15M
Q2 24
$19M
$15M
Q3 24
$7M
$22M
Q4 24
$40M
$16M
Q3 25
$20M
$18M
marketcaparena.com
Revenue by Geography
Hardware
Service
Non-US
United States
Quarter
Hardware
Service
Non-US
United States
Q1 23
$53M
$15M
—
—
Q2 23
$77M
$16M
—
—
Q3 23
$117M
$17M
—
—
Q4 23
—
—
$9M
$159M
Q1 24
$11M
$15M
—
—
Q2 24
$19M
$15M
—
—
Q3 24
$7M
$22M
—
—
Q1 25
—
—
$779K
$32M
Q2 25
—
—
$2M
$36M
Q3 25
—
—
$2M
$36M
Q4 25
—
—
$3M
$44M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$118M
$88M
$206M
Q2 23
$75M
$63M
$138M
Q3 23
$97M
$28M
$125M
Q4 23
$105M
$8M
$114M
Q1 24
$113M
$0
$113M
Q2 24
$90M
$0
$90M
Q3 24
$75M
$0
$75M
Q4 24
$56M
$0
$56M
Q1 25
$59M
$0
$59M
Q2 25
$41M
$0
$41M
Q3 25
$43M
$0
$43M
Q4 25
$49M
$0
$49M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
8M
+0.3%
Q2 23
8M
+0.5%
Q3 23
8M
+0.0%
Q4 23
8M
+0.1%
Q1 24
8M
+1.4%
Q2 24
8M
+2.5%
Q3 24
8M
+0.3%
Q4 24
8M
+0.1%
Q1 25
8M
+0.7%
Q2 25
8M
+3.5%
Q3 25
8M
-1.2%
Q4 25
8M
+1.4%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
$18M
2
FY 21
$598K
213
FY 22
$550K
660
FY 23
$740K
624
FY 24
$254K
569
FY 25
$369K
423
marketcaparena.com