# Stem, Inc.: overview

STEM · NYSE · CIK 1758766 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/stem.md) · [Financials](/companies/stem/financials.md) · [Filings](/companies/stem/filings.md) · [Insiders](/companies/stem/insiders.md)

Latest reported revenue: [$33.7m](/filings/0001758766-26-000081.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001758766-26-000081).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [29.3](/filings/0001758766-25-000066.md) | [55.8 d](/filings/0001758766-26-000016.md) | [32.5](/filings/0001758766-26-000045.md) | [38.4](/filings/0001758766-26-000081.md) | [38.2](/filings/0001758766-25-000066.md) | [47.1 d](/filings/0001758766-26-000016.md) | [29.0](/filings/0001758766-26-000045.md) | [33.7](/filings/0001758766-26-000081.md) |
| Gross margin | % | [21.2%](/filings/0001758766-25-000066.md) | [(4.4%) d](/filings/0001758766-26-000016.md) | [32.4%](/filings/0001758766-26-000045.md) | [33.4%](/filings/0001758766-26-000081.md) | [35.5%](/filings/0001758766-25-000066.md) | [48.9% d](/filings/0001758766-26-000016.md) | [37.4%](/filings/0001758766-26-000045.md) | [41.3%](/filings/0001758766-26-000081.md) |
| Operating margin | % | [(493.2%)](/filings/0001758766-25-000066.md) | [(84.4%) d](/filings/0001758766-26-000016.md) | [(65.0%)](/filings/0001758766-26-000045.md) | [(34.8%)](/filings/0001758766-26-000081.md) | [(33.6%)](/filings/0001758766-25-000066.md) | [(17.7%) d](/filings/0001758766-26-000016.md) | [(49.0%)](/filings/0001758766-26-000045.md) | [(22.8%)](/filings/0001758766-26-000081.md) |
| Net margin | % | [(506.3%)](/filings/0001758766-25-000066.md) | [(91.6%) d](/filings/0001758766-26-000016.md) | [(76.9%)](/filings/0001758766-26-000081.md) | [527.8%](/filings/0001758766-26-000081.md) | [(62.2%)](/filings/0001758766-25-000066.md) | [(33.9%) d](/filings/0001758766-26-000016.md) | [(65.3%)](/filings/0001758766-26-000081.md) | [(42.7%)](/filings/0001758766-26-000081.md) |
| Diluted EPS | $ per share | [(18.24)](/filings/0001758766-25-000066.md) | not reported | [(3.05)](/filings/0001758766-26-000045.md) | [(1.79)](/filings/0001758766-26-000081.md) | [(2.84)](/filings/0001758766-25-000066.md) | not reported | [(2.22)](/filings/0001758766-26-000045.md) | [(1.58)](/filings/0001758766-26-000081.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [127](/filings/0001758766-24-000029.md) | [363](/filings/0001758766-25-000005.md) | [462](/filings/0001758766-26-000016.md) | [145](/filings/0001758766-26-000016.md) | [156](/filings/0001758766-26-000016.md) |
| Gross margin | % | [1.0%](/filings/0001758766-24-000029.md) | [9.1%](/filings/0001758766-25-000005.md) | [0.8%](/filings/0001758766-26-000016.md) | [(7.6%)](/filings/0001758766-26-000016.md) | [38.4%](/filings/0001758766-26-000016.md) |
| Operating margin | % | [(65.2%)](/filings/0001758766-24-000029.md) | [(36.1%)](/filings/0001758766-25-000005.md) | [(38.9%)](/filings/0001758766-26-000016.md) | [(580.6%)](/filings/0001758766-26-000016.md) | [(35.6%)](/filings/0001758766-26-000016.md) |
| Net margin | % | [(79.5%)](/filings/0001758766-23-000009.md) | [(34.2%)](/filings/0001758766-23-000009.md) | [(30.4%)](/filings/0001758766-26-000016.md) | [(590.7%)](/filings/0001758766-26-000016.md) | [88.2%](/filings/0001758766-26-000016.md) |
| Diluted EPS | $ per share | [(0.96)](/filings/0001758766-24-000029.md) | [(0.81)](/filings/0001758766-25-000005.md) | [(18.05)](/filings/0001758766-26-000016.md) | [(105.80)](/filings/0001758766-26-000016.md) | [(9.18)](/filings/0001758766-26-000016.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/stem/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $3.2m | 405,608 |  | Added +114,268 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.8m | 361,249 |  | Added +17,436 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.3m | 164,477 |  | Added +29,765 |
| [Trexquant Investment LP](/funds/1633445.md) | 2026-06-30 | $864.1k | 110,640 |  | Added +18,964 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $806.3k | 103,234 |  | Reduced −72,155 |
| [BNP PARIBAS FINANCIAL MARKETS](/funds/1166588.md) | 2026-06-30 | $727.1k | 93,094 |  | Added +40,000 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $726.8k | 93,014 |  | Added +962 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $519.2k | 66,482 |  | Added +7,907 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $503.7k | 64,500 | Call | Reduced −78,600 |
| [BRIDGEWAY CAPITAL MANAGEMENT, LLC](/funds/1107261.md) | 2026-06-30 | $465.5k | 59,600 |  | Reduced −10,000 |

## Recent filings

[All 807 filings](/companies/stem/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-23 | 16:07 ET | [8-K](/filings/0001758766-26-000088.md) | 3.01 Delisting notice | 0001758766-26-000088 |
| 2026-08-13 | 19:18 ET | [10-Q](/filings/0001758766-26-000081.md) | Quarterly report, period 2026-06-30 | 0001758766-26-000081 |
| 2026-08-12 | 16:30 ET | [8-K](/filings/0001758766-26-000078.md) | 2.01 Completion of an acquisition or disposition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001758766-26-000078 |
| 2026-06-03 | 16:29 ET | [8-K](/filings/0001758766-26-000059.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001758766-26-000059 |
| 2026-05-07 | 18:05 ET | [10-Q](/filings/0001758766-26-000045.md) | Quarterly report, period 2026-03-31 | 0001758766-26-000045 |
| 2026-05-06 | 16:51 ET | [8-K](/filings/0001758766-26-000043.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001758766-26-000043 |
| 2026-04-24 | 16:19 ET | [DEF 14A](/filings/0001758766-26-000037.md) | Proxy statement, period 2026-04-24 | 0001758766-26-000037 |
| 2026-03-17 | 16:25 ET | [8-K](/filings/0001758766-26-000031.md) | 4.01 Change of auditor | 0001758766-26-000031 |
| 2026-03-06 | 16:28 ET | [8-K](/filings/0001758766-26-000024.md) | 8.01 Other events | 0001758766-26-000024 |
| 2026-03-05 | 18:18 ET | [10-K](/filings/0001758766-26-000016.md) | Annual report, period 2025-12-31 | 0001758766-26-000016 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001758766-26-000016.md), filed Mar 5, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/b3432ee0-a563-42ec-bede-0c423d693533)

## About the filer

- CIK: 1758766
- Tickers: STEM
- Exchange: NYSE
- SIC code: 7373 Services-Computer Integrated Systems Design
- State of incorporation: not reported
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:47 ET. No prices; not investment advice.
