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Stem, Inc. logo

Stem, Inc.

STEM

NYSEUtilitiesRenewable Utilities

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$5.70

+$0.05 · +0.88%

Aug 21, 4:00 PM ET

STEM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

19

Strong Down

Sentiment

69

Bullish

Risk resilience

27

High Risk

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Company profile

Company website

Stem, Inc. operates internationally as a prominent provider of intelligent, digitally interconnected energy storage networks. The company delivers energy storage systems, which it sources from original equipment manufacturers (OEMs). Central to its offering is Athena, a proprietary artificial intelligence platform designed to integrate battery hardware with advanced software-enabled services, thereby optimizing the operation of these energy storage systems. Stem also extends its expertise through a wide array of support services, including system design and engineering, supply chain management, maximization of energy storage value streams, administration of warranties and preventive maintenance programs, operational reporting, and assistance with program enrollment and incentive management. Its diverse clientele encompasses commercial and industrial businesses, independent power producers, developers of renewable energy projects, and utility companies alongside grid operators. Stem, Inc. was founded in 2009 and maintains its corporate headquarters in San Francisco, California.

Industry
Renewable Utilities
Sector
Utilities
Headquarters
US
CEO
Arun Narayanan
Listed since
Oct 8, 2020
Employees
423

Market position

Day range

Current $5.70

52-week range

Current $5.70

Open
$5.68
Previous close
$5.65
Volume
82.47K
0.57× average
Average volume
143.49K
Average daily volume
Market cap
51.05M USD
Beta
1.52
Market reference 1
50-day average
$6.5466
-12.93% below average
200-day average
$11.5176
-50.51% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
401.83M USD
EV / EBITDA
1.94×
Earnings yield
109.77%
Free cash flow yield
5.47%

Profitability & efficiency

Return on equity
-55.23%
Return on assets
44.60%
Return on invested capital
-27.55%

Financial health

Current ratio
0.91×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends156%-115%-387%-659%Gross margin, FY2021: 0.98%Gross margin, FY2022: 9.12%Gross margin, FY2023: 0.79%Gross margin, FY2024: -7.65%Gross margin, FY2025: 38.37%Operating margin, FY2021: -65.22%Operating margin, FY2022: -36.12%Operating margin, FY2023: -38.85%Operating margin, FY2024: -580.60%Operating margin, FY2025: -35.64%Net margin, FY2021: -79.46%Net margin, FY2022: -34.18%Net margin, FY2023: -30.42%Net margin, FY2024: -590.67%Net margin, FY2025: 88.16%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 0.98%. Gross margin FY2022 9.12%. Gross margin FY2023 0.79%. Gross margin FY2024 -7.65%. Gross margin FY2025 38.37%. Operating margin FY2021 -65.22%. Operating margin FY2022 -36.12%. Operating margin FY2023 -38.85%. Operating margin FY2024 -580.60%. Operating margin FY2025 -35.64%. Net margin FY2021 -79.46%. Net margin FY2022 -34.18%. Net margin FY2023 -30.42%. Net margin FY2024 -590.67%. Net margin FY2025 88.16%.

Income trends

Revenue

156.27M USD+8.08%

Operating income

−55.69M USD+93.37%

Net income

137.76M USD+991.78M USD
Income trends across reported periods593.07M USD66.86M USD−459.36M USD−985.57M USDRevenue, FY2021: 127.37M USDRevenue, FY2022: 362.98M USDRevenue, FY2023: 461.52M USDRevenue, FY2024: 144.58M USDRevenue, FY2025: 156.27M USDOperating income, FY2021: −83.07M USDOperating income, FY2022: −131.12M USDOperating income, FY2023: −179.31M USDOperating income, FY2024: −839.46M USDOperating income, FY2025: −55.69M USDNet income, FY2021: −101.21M USDNet income, FY2022: −124.05M USDNet income, FY2023: −140.41M USDNet income, FY2024: −854.01M USDNet income, FY2025: 137.76M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 127.37M USD. Revenue FY2022 362.98M USD. Revenue FY2023 461.52M USD. Revenue FY2024 144.58M USD. Revenue FY2025 156.27M USD. Operating income FY2021 −83.07M USD. Operating income FY2022 −131.12M USD. Operating income FY2023 −179.31M USD. Operating income FY2024 −839.46M USD. Operating income FY2025 −55.69M USD. Net income FY2021 −101.21M USD. Net income FY2022 −124.05M USD. Net income FY2023 −140.41M USD. Net income FY2024 −854.01M USD. Net income FY2025 137.76M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue156.27M USD144.58M USD461.52M USD362.98M USD127.37M USD
Cost of goods sold96.31M USD155.64M USD457.85M USD329.89M USD126.12M USD
Gross profit59.96M USD−11.06M USD3.67M USD33.09M USD1.25M USD
Research and development35.3M USD51.28M USD56.51M USD38.3M USD22.72M USD
Selling, general, and administrative80.35M USD125.83M USD126.47M USD125.91M USD61.6M USD
Operating expenses115.64M USD828.4M USD182.98M USD164.21M USD84.32M USD
Interest expense23.93M USD18.29M USD14.98M USD10.47M USD17.4M USD
Depreciation and amortization44.95M USD44.34M USD45.83M USD41.07M USD20.83M USD
Operating income−55.69M USD−839.46M USD−179.31M USD−131.12M USD−83.07M USD
Net income137.76M USD−854.01M USD−140.41M USD−124.05M USD−101.21M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-293.16%
11 comparable reports
Latest EPS result
-1.58
Estimate -1.75 · Beat by 9.71%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.13-1.42-2.72-4.02Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual -2.4, estimate -0.15, surprise -1500.00%, Miss. Q2 2025, reported Apr 29, 2025: actual -3, estimate -3.66, surprise +18.11%, Beat. Q3 2025, reported Aug 7, 2025: actual -3.73, estimate -2.76, surprise -35.25%, Miss. Q4 2025, reported Oct 29, 2025: actual -2.84, estimate -1.85, surprise -53.51%, Miss. Q1 2026, reported Mar 4, 2026: actual -1.85, estimate -2.17, surprise +14.77%, Beat. Q2 2026, reported May 6, 2026: actual -2.22, estimate -2.06, surprise -7.77%, Miss. Q3 2026, reported Aug 12, 2026: actual -1.58, estimate -1.75, surprise +9.71%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate -1.53, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates58.03M47.61M37.19M26.77MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual 55.8M USD, estimate 47.88M USD, surprise +16.53%, Beat. Q2 2025, reported Apr 29, 2025: actual 32.5M USD, estimate 30.12M USD, surprise +7.89%, Beat. Q3 2025, reported Aug 7, 2025: actual 38.4M USD, estimate 32.47M USD, surprise +18.28%, Beat. Q4 2025, reported Oct 29, 2025: actual 38.2M USD, estimate 37.92M USD, surprise +0.74%, Beat. Q1 2026, reported Mar 4, 2026: actual 47.2M USD, estimate 39.05M USD, surprise +20.88%, Beat. Q2 2026, reported May 6, 2026: actual 29M USD, estimate 34.61M USD, surprise -16.21%, Miss. Q3 2026, reported Aug 12, 2026: actual 33.7M USD, estimate 36.65M USD, surprise -8.04%, Miss. Q4 2026, reported Oct 28, 2026: actual —, estimate 40.34M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$7.45

30.70% upside
Past 12 months12-month forecastHigh $8.00Average $7.45Low $6.75

Rating distribution

17 ratings
Strong buy00%
Buy529%
Hold1165%
Sell16%
Strong sell00%

STEM news

seekingalpha.com

Stem, Inc. (STEM) Q2 2026 Earnings Call Transcript

Stem, Inc. (STEM) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

Stem Q2 Earnings Call Highlights

Stem NYSE: STEM reported second-quarter results that highlighted continued profitability progress, higher software and edge-hardware revenue, and expanding utility-scale energy-management-system deployments…

Read source
zacks.com

Stem, Inc. (STEM) Reports Q2 Loss, Beats Revenue Estimates

Stem, Inc. (STEM) came out with a quarterly loss of $1.58 per share versus the Zacks Consensus Estimate of a loss of $1.76. This compares to a loss of $3.73 per share a year ago.

Read source
businesswire.com

Stem Announces Second Quarter 2026 Results

HOUSTON--(BUSINESS WIRE)--Stem, Inc. (“Stem,” “we” or the “Company”) (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced its results for the quarter ended June 30, 2026.…

Read source
businesswire.com

Stem's PowerTrack EMS Enables Hybridization of Two Operating Utility-Scale Solar Plants in Hungary

HOUSTON--(BUSINESS WIRE)--Stem, Inc. (NYSE: STEM), a global leader in AI-enabled clean energy software and services, today announced that Solarmarkt Group, together with engineering, procurement, and construction (EPC)…

Read source
defenseworld.net

Stem, Inc. (NYSE:STEM) Receives $11.75 Consensus Price Target from Brokerages

Shares of Stem, Inc. (NYSE: STEM - Get Free Report) have been assigned an average rating of "Reduce" from the five analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the…

Read source

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ETFs holding STEM

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.33M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
574.07K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR S&P International Small Cap ETF logoState Street SPDR S&P International Small Cap ETFGWX
Market value
207.08K
Weight
0.02%
AUM
927.26M USD
Expense ratio
0.40%
Price / 1D
$46.205+0.40%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
160.21K
Weight
0.01%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%
State Street SPDR Portfolio Europe ETF logoState Street SPDR Portfolio Europe ETFSPEU
Market value
21.04K
Weight
0.00%
AUM
741.65M USD
Expense ratio
0.07%
Price / 1D
$57.325+0.75%

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