Stem financials
$4.67+2.64%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.7M | $29.0M | $47.1M | $38.2M | $38.4M | $32.5M | $55.8M | $29.3M | $34.0M | $25.5M | $167.4M | $133.7M |
| Gross profit | $13.9M | $10.9M | $23.0M | $13.6M | $12.8M | $10.5M | -$2.4M | $6.2M | $9.4M | -$24.2M | $11.1M | -$20.3M |
| Gross margin | 41.3% | 37.4% | 48.9% | 35.5% | 33.4% | 32.4% | −4.4% | 21.2% | 27.6% | −95.0% | 6.6% | −15.2% |
| Operating income | -$7.7M | -$14.2M | -$8.3M | -$12.9M | -$13.3M | -$21.1M | -$47.1M | -$144.5M | -$579.8M | -$68.0M | -$33.5M | -$68.3M |
| Net income | -$14.4M | -$18.9M | -$16.0M | -$23.8M | $202.5M | -$25.0M | -$51.1M | -$148.3M | -$582.3M | -$72.3M | -$37.7M | -$77.1M |
| Net margin | −42.7% | −65.3% | −33.9% | −62.2% | 527.8% | −76.9% | −91.6% | −506.3% | −1712.6% | −283.9% | −22.5% | −57.6% |
| Diluted EPS | $-1.58 | $-2.22 | $-1.79 | $-2.84 | $-1.79 | $-3.05 | $-2.17 | $-18.24 | $-71.81 | $-9.20 | $-4.84 | $-9.80 |
| EBITDA | $3.2M | -$418.0K | $3.5M | -$2.0M | -$2.1M | -$10.2M | -$35.4M | -$29.3M | -$21.3M | -$57.2M | -$20.8M | -$57.1M |
| Operating cash flow | $342.0K | -$8.3M | $8.2M | $11.4M | -$21.3M | $8.5M | -$14.7M | -$9.4M | -$11.9M | -$621.0K | -$2.1M | -$4.0M |
| Free cash flow | $342.0K | -$8.3M | $8.2M | $11.3M | -$21.3M | $8.5M | -$15.0M | -$9.5M | -$12.0M | -$733.0K | -$3.0M | -$4.4M |
| Diluted shares | 9.1M | 8.5M | 8.9M | 8.4M | 8.5M | 8.2M | 23.6M | 8.1M | 8.1M | 7.9M | 7.8M | 7.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $38.4M | $36.6M | $48.9M | $43.1M | $40.8M | $58.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $356.4M | $357.9M | $355.8M | $356.3M | $358.2M | $581.1M |
| Total assets | $279.8M | $281.9M | $308.9M | $362.6M | $379.2M | $405.1M |
| Total liabilities | $549.8M | $547.8M | $557.9M | $597.7M | $592.7M | $822.0M |
| Shareholders' equity | -$270.0M | -$265.9M | -$249.1M | -$235.1M | -$213.5M | -$416.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology