STEM (Stem, Inc.) Stock Financials & Earnings

STEMStem, Inc.

Mkt Cap$95M

Revenue (TTM)$156M

Net Income (TTM)$138M

EPS (TTM)-$15986.68

Free Cash Flow (TTM)-$4M

Gross Margin38.4%

Op. Margin-35.6%

Net Margin88.2%

FCF Margin-2.6%

P/S Ratio (TTM)0.6x

P/E Ratio (TTM)0.7x

YoY Rev Growth+8.1%

Employees—

Earnings Reports

Revenue & Profitability

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

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

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

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

Revenue Segments

Revenue by Geography

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

War Chest

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

Shares Outstanding

Revenue Per Employee

Revenue / Employee