SequelSEC

STEM, INC. STEM

Services-Computer Integrated Systems Design · CIK 0001758766 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$156.27M
Fiscal year ended 2025-12-31
Operating income
-$55.69M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

STEM, INC. (STEM) reported revenue of $156.27M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from STEM, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Integrated Systems Design.

Income

STEM, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$156.27M$144.58M$461.52M$362.98M$127.37M$36.31M$17.55M
Cost of revenue$96.31M$155.64M$457.85M$329.89M$126.12M$40.22M$20.81M
Gross profit$59.96M-$11.06M$3.66M$33.09M$1.25M-$3.91M-$3.26M
Operating income-$55.69M-$839.46M-$179.31M-$131.12M-$83.07M-$49.39M-$47.85M
Net incomeUnavailableUnavailableUnavailable-$124.05M-$101.21M-$156.12M-$59.41M
Research & development$35.30M$51.28M$56.51M$38.30M$22.72M$15.94M$14.70M
Weighted-average diluted sharesshares 8.49Mshares 8.07Mshares 7.78Mshares 153.41Mshares 105.56Mshares 40.06Mshares 42.81M
Pretax income$138.30M-$853.68M-$139.98M-$139.22M-$101.21M-$156.12M-$59.41M
Income tax expense$536.00K$332.00K$433.00K-$15.16M$0$5.00K$6.00K
Diluted EPS$-9.18$-105.80$-18.05$-0.81$-0.96$-4.13$-1.51
Selling, general & administrative$80.35M$125.83M$126.47M$125.91M$61.60M$29.53M$29.89M
General & administrative$51.63M$88.07M$74.92M$77.03M$41.65M$14.70M$12.42M
Selling & marketing$28.72M$37.76M$51.56M$48.88M$19.95M$14.83M$17.46M

Balance

STEM, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$48.92M$56.30M$105.38M$87.90M$747.78M$6.94MUnavailable
Total assets$308.89M$437.36M$1.36B$1.42B$1.19B$205.85M$253.02K
Current assets$100.09M$136.62M$472.96M$532.76M$1.02B$49.28M$1.59K
Total liabilities$557.95M$835.19M$930.30M$869.73M$524.00M$383.26M$246.57K
Current liabilities$110.56M$128.80M$251.08M$267.00M$87.97M$190.52M$246.57K
Total equity incl. NCI-$249.06M-$397.83M$426.68M$552.17M$667.83M-$177.41M-$24.53M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable$0$0
InventoryUnavailableUnavailable$26.66M$8.37M$22.72M$20.84MUnavailable
Accounts receivable$38.35M$59.32M$302.85M$223.22M$61.70M$13.57MUnavailable
Goodwill$0$0$547.20M$546.65M$1.74M$1.74MUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$10.31M$30.15M$78.28M$83.83M$28.27M$13.75M$35.09K

Cash flow

STEM, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$6.86M-$36.65M-$207.38M-$106.03M-$101.27M-$33.67M-$29.68M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$6.60M-$3.52M$135.73M-$544.37M-$185.23M-$12.04M-$46.36M
Financing cash flow-$7.56M-$8.44M$90.24M-$9.27M$1.03B$40.29M$67.20M
Net change in cash-$7.38M-$48.39M$18.57M-$659.88M$740.84M-$5.95M-$9.00M
Stock-based compensation$10.22M$18.47M$45.11M$28.66M$13.55M$4.54M$1.53M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$44.95M$44.99M$46.28M$45.43M$24.47M$17.74M$13.89M

Derived

STEM, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross margin38.4%-7.6%0.8%9.1%1.0%-10.8%-18.6%
Operating margin-35.6%-580.6%-38.9%-36.1%-65.2%-136.0%-272.6%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue6.5%12.8%9.8%7.9%10.6%12.5%8.7%
Current ratio0.91x1.06x1.88x2.00x11.64x0.26x0.01x
Revenue YoY growth8.1%-68.7%27.1%185.0%250.8%106.9%Unavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailable-430.0%-338.5%
R&D / revenue22.6%35.5%12.2%10.6%17.8%43.9%83.8%
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate0.4%UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open STEM in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-05View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-04-30View SEC filing

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Reconciliation checks needing review

1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2019-12-31

Difference 24538450 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.