Stem financials
$4.67+2.64%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY15 Dec 31 | FY14 Nov 30 | FY13 Dec 31 | FY12 Dec 31 | FY11 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $156.3M | $144.6M | $461.5M | $363.0M | $127.4M | — | $1.0M | $172.3K | $489.7K | $1.2M |
| Gross profit | $60.0M | -$11.1M | $3.7M | $33.1M | $1.2M | — | $1.0M | $172.3K | $489.7K | $1.0M |
| Gross margin | 38.4% | −7.6% | 0.8% | 9.1% | 1.0% | — | 100.0% | 100.0% | 100.0% | 82.4% |
| Operating income | -$55.7M | -$839.5M | -$179.3M | -$131.1M | -$83.1M | -$915.0K | -$33.4M | -$28.1M | -$21.9M | -$28.1M |
| Net income | $137.8M | -$854.0M | -$140.4M | -$124.1M | -$101.2M | -$561.0K | -$32.7M | -$26.4M | -$28.5M | -$21.3M |
| Net margin | 88.2% | −590.7% | −30.4% | −34.2% | −79.5% | — | −3234.1% | −15345.1% | −5817.9% | −1747.3% |
| Diluted EPS | $-9.18 | $-105.80 | $-18.05 | $-16.20 | $-19.20 | $-0.60 | $-858.60 | $-988.20 | $-1603.80 | $-2430.00 |
| EBITDA | -$10.7M | -$143.2M | -$133.0M | -$85.7M | -$57.7M | -$898.0K | -$29.6M | -$27.0M | -$20.6M | -$25.9M |
| Operating cash flow | $6.9M | -$36.6M | -$207.4M | -$106.0M | -$101.3M | -$765.0K | — | -$23.3M | -$19.9M | -$22.1M |
| Free cash flow | $6.9M | -$37.1M | -$211.5M | -$110.1M | -$105.5M | -$767.0K | — | -$28.1M | -$19.9M | -$22.4M |
| Diluted shares | 8.5M | 8.1M | 7.8M | 7.7M | 5.3M | 0.9M | 0.0M | 0.0M | 0.0M | 0.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $48.9M | $56.3M | $105.4M | $87.9M | $747.8M | $437.0K |
| Short-term investments | $0.00 | $0.00 | $8.2M | $162.1M | $173.0M | — |
| Total debt | $355.8M | $584.1M | $590.5M | $529.1M | $406.7M | $419.0K |
| Total assets | $308.9M | $437.4M | $1.36B | $1.42B | $1.19B | $529.0K |
| Total liabilities | $557.9M | $835.2M | $930.3M | $869.7M | $524.0M | $593.0K |
| Shareholders' equity | -$249.1M | -$397.8M | $426.7M | $552.2M | $667.8M | -$64.0K |
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