Stem, Inc. (STEM) stock
Close on Nov 11, 2026Market cap $23.97MP/E –Yield –
Earnings
Stem's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of Stem's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Source |
|---|---|---|---|---|---|
| Q1 FY2026ended Mar 31, 2026 | May 6, 2026during market hours | $29.00M | -10.8% | – | Release |
| Q4 FY2025ended Dec 31, 2025 | Mar 4, 2026during market hours | $47.20M | -15.4% | – | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 29, 2025during market hours | $38.20M | +30.4% | -$2.84 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 7, 2025during market hours | $38.40M | +12.9% | -$1.79 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 29, 2025during market hours | $32.50M | +27.5% | – | Release |
| Q4 FY2024ended Dec 31, 2024 | Mar 4, 2025during market hours | $55.80M | -66.7% | – | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 30, 2024during market hours | $29.30M | -78.1% | – | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 6, 2024during market hours | $34.00M | -63.4% | -$3.59 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 2, 2024during market hours | $25.50M | -61.9% | -$0.46 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 28, 2024during market hours | $167.40M | +7.3% | – | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 2, 2023during market hours | $133.70M | +33.7% | -$0.49 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 3, 2023during market hours | $93.00M | +38.8% | -$0.26 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 4, 2023during market hours | $67.00M | +63.0% | -$0.29 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 16, 2023during market hours | $156.00M | +195.5% | – | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 3, 2022during market hours | $100.00M | +151.3% | -$0.22 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 4, 2022during market hours | $67.00M | – | -$0.21 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 5, 2022during market hours | $41.10M | – | -$0.15 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 24, 2022during market hours | $52.80M | – | – | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 9, 2021during market hours | $39.80M | – | -$0.15 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 11, 2021during market hours | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 17, 2021before the open | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Stem's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Revenue | FY2026 | $140.00M – $190.00M | – | New | Mar 4, 2026 |
| Non-GAAP Gross Margin (%)*non-GAAP | FY2026 | 40% – 50% | – | New | Mar 4, 2026 |
| Adjusted EBITDA*non-GAAP | FY2026 | $10.00M – $15.00M | – | New | Mar 4, 2026 |
| Operating Cash Flow | FY2026 | $0 – $10.00M | – | New | Mar 4, 2026 |
| Year-end ARR** | FY2026 | $65.00M – $70.00M | – | Raised | Mar 4, 2026 |
Guidance vs results
The last range Stem gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | Revenue | $135.00M – $160.00M | $156.30MΣ4Q | Within range |
| Q4 FY2024 | Revenue | $110.00M – $160.00M | $55.80M | Below range |
| Q3 FY2024 | Revenue | $30.00M – $50.00M | $29.30M | Below range |
| Q4 FY2023 | Revenue | $219.00M – $319.00M | $167.40M | Below range |
| Q3 FY2023 | Revenue | $165.00M – $195.00M | $133.70M | Below range |
| Q4 FY2022 | Revenue | $145.00M – $220.00M | $156.00M | Within range |
| Q3 FY2022 | Revenue | $70.00M – $95.00M | $100.00M | Above range |
Guidance history
Every forecast Stem put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Mar 4, 2026 | Adjusted EBITDA* | FY2026 | $10.00M – $15.00M | New |
| Mar 4, 2026 | Non-GAAP Gross Margin (%)* | FY2026 | 40% – 50% | New |
| Mar 4, 2026 | Operating Cash Flow | FY2026 | $0 – $10.00M | New |
| Mar 4, 2026 | Year-end ARR** | FY2026 | $65.00M – $70.00M | Raised |
| Mar 4, 2026 | Revenue | FY2026 | $140.00M – $190.00M | New |
| Mar 4, 2026 | Software, edge hardware, & services | FY2026 | $130.00M – $150.00M | Lowered |
| Mar 4, 2026 | Battery hardware resale | FY2026 | $40.00M | Lowered |
| Oct 29, 2025 | Adjusted EBITDA | FY2025 | -$5.00M – $5.00M | Raised |
| Oct 29, 2025 | Non-GAAP Gross Margin (%) | FY2025 | 40% – 50% | Raised |
| Oct 29, 2025 | Year end ARR | FY2025 | $55.00M – $65.00M | Reaffirmed |
| Oct 29, 2025 | Operating Cash Flow | FY2025 | -$5.00M – $5.00M | Lowered |
| Oct 29, 2025 | Revenue | FY2025 | $135.00M – $160.00M | Narrowed |
| Oct 29, 2025 | Software, edge hardware, & services | FY2025 | $125.00M – $140.00M | Lowered |
| Aug 7, 2025 | Adjusted EBITDA | FY2025 | -$10.00M – $5.00M | New |
| Aug 7, 2025 | Non-GAAP Gross Margin (%)* | FY2025 | 30% – 40% | New |
| Aug 7, 2025 | Battery hardware resale | FY2025 | $35.00M | Lowered |
| Aug 7, 2025 | Software, edge hardware, & services | FY2025 | $120.00M – $140.00M | New |
| Aug 7, 2025 | Year end ARR** | FY2025 | $55.00M – $65.00M | Raised |
| Aug 7, 2025 | Operating Cash Flow | FY2025 | $0 – $15.00M | New |
| Aug 7, 2025 | Revenue | FY2025 | $125.00M – $175.00M | New |
| Mar 4, 2025 | Adjusted EBITDA* | FY2025 | -$10.00M – $5.00M | New |
| Mar 4, 2025 | Non-GAAP Gross Margin (%)* | FY2025 | 30% – 40% | New |
| Mar 4, 2025 | ARR Growth | FY2025 | +15% | New |
| Mar 4, 2025 | Operating Cash Flow | FY2025 | $0 – $15.00M | New |
| Mar 4, 2025 | Year end ARR** | FY2025 | $55.00M – $65.00M | Raised |
| Mar 4, 2025 | Revenue | FY2025 | $125.00M – $175.00M | New |
| Mar 4, 2025 | Software, edge hardware, & services | FY2025 | $120.00M – $140.00M | Lowered |
| Aug 6, 2024 | Adjusted EBITDA | FY2024 | -$30.00M – -$20.00M | Lowered |
| Aug 6, 2024 | Non-GAAP Gross Margin (%) | FY2024 | 25% – 30% | Raised |
| Aug 6, 2024 | Bookings | FY2024 | $600.00M – $1.10B | Raised |
| Aug 6, 2024 | CARR (year-end) | FY2024 | $100.00M – $110.00M | Lowered |
| Aug 6, 2024 | Operating Cash Flow | FY2024 | $15.00M | Lowered |
| Aug 6, 2024 | Revenue | Q4 FY2024 | $110.00M – $160.00M | New |
| Aug 6, 2024 | Revenue | Q3 FY2024 | $30.00M – $50.00M | New |
| Aug 6, 2024 | Revenue | FY2024 | $200.00M – $270.00M | New |
| May 2, 2024 | Adjusted EBITDA | FY2024 | $5.00M – $20.00M | Reaffirmed |
| May 2, 2024 | Non-GAAP Gross Margin (%) | FY2024 | 15% – 20% | Reaffirmed |
| May 2, 2024 | Bookings | FY2024 | $1.50B – $2.00B | Raised |
| May 2, 2024 | CARR (year-end) | FY2024 | $115.00M – $130.00M | Lowered |
| May 2, 2024 | Operating Cash Flow | FY2024 | $50.00M | Reaffirmed |
| May 2, 2024 | Revenue | FY2024 | $567.00M – $667.00M | Lowered |
| Feb 28, 2024 | Adjusted EBITDA | FY2024 | $5.00M – $20.00M | New |
| Feb 28, 2024 | Non-GAAP Gross Margin (%) | FY2024 | 15% – 20% | New |
| Feb 28, 2024 | Bookings | FY2024 | $1.50B – $2.00B | New |
| Feb 28, 2024 | CARR (year-end) | FY2024 | $115.00M – $130.00M | Lowered |
| Feb 28, 2024 | Operating Cash Flow | FY2024 | $50.00M | New |
| Feb 28, 2024 | Revenue | FY2024 | $600.00M – $700.00M | New |
| Nov 2, 2023 | Adjusted EBITDA | FY2023 | -$25.00M – -$15.00M | Narrowed |
| Nov 2, 2023 | Non-GAAP Gross Margin (%) | FY2023 | 15% – 20% | Reaffirmed |
| Nov 2, 2023 | Bookings | Q4 FY2023 | $125.00M – $325.00M | Lowered |
| Nov 2, 2023 | Bookings | FY2023 | $1.40B – $1.60B | Raised |
| Nov 2, 2023 | CARR (year-end) | FY2023 | $90.00M – $95.00M | Lowered |
| Nov 2, 2023 | Revenue | Q4 FY2023 | $219.00M – $319.00M | New |
| Nov 2, 2023 | Revenue | FY2023 | $513.00M – $613.00M | Lowered |
| Aug 3, 2023 | Adjusted EBITDA | FY2023 | -$35.00M – -$5.00M | Reaffirmed |
| Aug 3, 2023 | Non-GAAP Gross Margin (%) | FY2023 | 15% – 20% | Reaffirmed |
| Aug 3, 2023 | Bookings | Q3 FY2023 | $350.00M – $425.00M | New |
| Aug 3, 2023 | Bookings | Q4 FY2023 | $450.00M – $575.00M | New |
| Aug 3, 2023 | Bookings | FY2023 | $1.40B – $1.60B | Raised |
| Aug 3, 2023 | CARR (year-end) | FY2023 | $80.00M – $90.00M | Lowered |
| Aug 3, 2023 | Revenue | Q3 FY2023 | $165.00M – $195.00M | New |
| Aug 3, 2023 | Revenue | Q4 FY2023 | $230.00M – $290.00M | New |
| Aug 3, 2023 | Revenue | FY2023 | $550.00M – $650.00M | New |
| May 4, 2023 | Adjusted EBITDA | FY2023 | -$35.00M – -$5.00M | Reaffirmed |
| May 4, 2023 | Non-GAAP Gross Margin (%) | FY2023 | 15% – 20% | Reaffirmed |
| May 4, 2023 | Bookings | FY2023 | $1.40B – $1.60B | Raised |
| May 4, 2023 | CARR (year-end) | FY2023 | $80.00M – $90.00M | Lowered |
| May 4, 2023 | Revenue | FY2023 | $550.00M – $650.00M | Reaffirmed |
| Feb 16, 2023 | Adjusted EBITDA | FY2023 | -$35.00M – -$5.00M | New |
| Feb 16, 2023 | Non-GAAP Gross Margin (%) | FY2023 | 15% – 20% | New |
| Feb 16, 2023 | Bookings | FY2023 | $1.40B – $1.60B | New |
| Feb 16, 2023 | CARR (year-end) | FY2023 | $80.00M – $90.00M | Lowered |
| Feb 16, 2023 | Revenue | FY2023 | $550.00M – $650.00M | New |
| Nov 3, 2022 | Adjusted EBITDA | FY2022 | -$60.00M – -$20.00M | Reaffirmed |
| Nov 3, 2022 | Non-GAAP Gross Margin (%) | FY2022 | 15% – 20% | Reaffirmed |
| Nov 3, 2022 | Bookings | Q4 FY2022 | $250.00M – $350.00M | Reaffirmed |
| Nov 3, 2022 | Bookings | FY2022 | $850.00M – $950.00M | Raised |
| Nov 3, 2022 | CARR (year-end) | FY2022 | $65.00M – $85.00M | Lowered |
| Nov 3, 2022 | Revenue | Q4 FY2022 | $145.00M – $220.00M | Lowered |
| Nov 3, 2022 | Revenue | FY2022 | $350.00M – $425.00M | Reaffirmed |
| Aug 4, 2022 | Adjusted EBITDA | FY2022 | -$60.00M – -$20.00M | Reaffirmed |
| Aug 4, 2022 | Non-GAAP Gross Margin (%) | FY2022 | 15% – 20% | Reaffirmed |
| Aug 4, 2022 | Bookings | Q3 FY2022 | $150.00M – $225.00M | New |
| Aug 4, 2022 | Bookings | Q4 FY2022 | $250.00M – $350.00M | New |
| Aug 4, 2022 | Bookings | FY2022 | $775.00M – $950.00M | Raised |
| Aug 4, 2022 | CARR (year-end) | FY2022 | $65.00M – $85.00M | Lowered |
| Aug 4, 2022 | Revenue | Q3 FY2022 | $70.00M – $95.00M | New |
| Aug 4, 2022 | Revenue | Q4 FY2022 | $175.00M – $225.00M | New |
| Aug 4, 2022 | Revenue | FY2022 | $350.00M – $425.00M | Reaffirmed |
| May 5, 2022 | Adjusted EBITDA | FY2022 | -$60.00M – -$20.00M | Reaffirmed |
| May 5, 2022 | Non-GAAP Gross Margin (%) | FY2022 | 15% – 20% | Reaffirmed |
| May 5, 2022 | Bookings | FY2022 | $650.00M – $750.00M | Raised |
| May 5, 2022 | CARR (year-end) | FY2022 | $60.00M – $80.00M | Lowered |
| May 5, 2022 | Revenue | FY2022 | $350.00M – $425.00M | New |
| Feb 24, 2022 | Adjusted EBITDA | FY2022 | -$60.00M – -$20.00M | New |
| Feb 24, 2022 | Non-GAAP Gross Margin (%) | FY2022 | 15% – 20% | New |
| Feb 24, 2022 | Bookings | FY2022 | $650.00M – $750.00M | New |
| Feb 24, 2022 | CARR (yearend) | FY2022 | $60.00M – $80.00M | Lowered |
| Feb 24, 2022 | Revenue | FY2022 | $350.00M – $425.00M | New |
| Nov 9, 2021 | Adjusted EBITDA | FY2021 | -$25.00M | New |
| Nov 9, 2021 | revenue | Q4 FY2021 | 50% – 60% | New |
| Nov 9, 2021 | revenue | FY2021 | $147.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Stem filed with the SEC as exhibits to Form 8-K or 6-K
- Update
- Results
- Results
- Results
- Update
- Results
- Update
- Update
- Results
- News
- Update
- Results
- Update
- Results
- Update
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