Stem, Inc. (STEM) — Financial statements
Income statement, balance sheet, and cash flow for Stem, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 156↑8.1% | 145↓68.7% | 462↑27.1% | 363↑185.0% | 127 | |
| Cost of Revenue | 96↓38.1% | 156↓66.0% | 458↑38.8% | 330↑161.6% | 126 | |
| Gross Profit | 60↑642.2% | -11↓401.7% | 4↓88.9% | 33↑2553.7% | 1 | |
| Operating Expenses | ||||||
| R&D Expenses | 35↓31.2% | 51↓9.2% | 57↑47.5% | 38↑68.6% | 23 | |
| General & Administrative Expenses | 52↓41.4% | 88↑17.6% | 75↓2.7% | 77↑85.0% | 42 | |
| Selling & Marketing Expenses | 29↓23.9% | 38↓26.8% | 52↑5.5% | 49↑145.0% | 20 | |
| SG&A Expenses | 80↓36.1% | 126↓0.5% | 126↑0.4% | 126↑104.4% | 62 | |
| Other Expenses | 0.00↓100.0% | 651 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 116↓86.0% | 828↑352.7% | 183↑11.4% | 164↑94.7% | 84 | |
| Total Costs & Expenses | 212↓78.5% | 984↑53.6% | 641↑29.7% | 494↑134.8% | 210 | |
| Operating Results | ||||||
| Operating Income | -56↑93.4% | -839↓368.1% | -179↓36.8% | -131↓57.8% | -83 | |
| Depreciation & Amortization | 45↑1.4% | 44↓3.3% | 46↑11.6% | 41↑97.2% | 21 | |
| EBITDA | 207↑126.2% | -790↓898.4% | -79↑9.7% | -88↓39.2% | -63 | |
| EBIT | 162↑119.4% | -835↓568.3% | -125↑2.9% | -129↓53.6% | -84 | |
| Interest & Other Income | ||||||
| Net Interest Income | -24↓30.8% | -18↓22.1% | -15↓43.1% | -10↑39.8% | -17 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 24↑30.8% | 18↑22.1% | 15↑43.1% | 10↓39.8% | 17 | |
| Non-Operating Income | -218↓5258.2% | -4↑92.5% | -54↓2187.7% | -2↓419.9% | 0.74 | |
| Other Income / Expenses | 194↑1463.6% | -14↓136.2% | 39↑586.0% | -8↑55.4% | -18 | |
| Income Before Tax | 138↑116.2% | -854↓509.9% | -140↓0.5% | -139↓37.5% | -101 | |
| Income Tax Expense | 0.54↑61.4% | 0.33↓23.3% | 0.43↑102.9% | -15 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 138↑116.1% | -854↓508.2% | -140↓13.2% | -124↓22.6% | -101 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 138↑116.1% | -854↓508.2% | -140↓13.2% | -124↓22.6% | -101 | |
| Bottom-Line Net Income | -78↑90.9% | -854↓508.2% | -140↓13.2% | -124↓22.6% | -101 | |
| EPS (Basic) | 16.52↑115.6% | -105.80↓486.1% | -18.05↓11.6% | -16.17↑15.7% | -19.18 | |
| EPS (Diluted) | -9.18↑91.3% | -105.80↓486.1% | -18.05↓11.6% | -16.17↑15.7% | -19.18 | |
| Weighted Average Shares | 8↑3.3% | 8↑3.8% | 8↑1.4% | 8↑45.3% | 5 | |
| Weighted Average Diluted Shares | 8↑5.2% | 8↑3.8% | 8↑1.4% | 8↑45.3% | 5 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.