# Stem, Inc. (STEM)

**Exchange:** NYSE  
**Sector:** Utilities  
**Market cap:** $63M  
**Price:** $7.39 (-4.03%)

> Stem, Inc. is a global provider of energy storage systems and software solutions for the clean energy sector. The company bundles third-party hardware with its proprietary PowerTrack software suite to deliver comprehensive asset monitoring, management, and optimization capabilities. Stem serves commercial and industrial customers, independent power producers, renewable developers, and utility-scale projects across more than 55 countries. Its integrated platform includes advanced analytics, remote diagnostics, performance reporting, energy management systems, and SCADA solutions. Beyond software, Stem offers professional services spanning early-stage strategy through asset development and construction, alongside managed services covering the full lifecycle of energy storage and hybrid systems. The company's solutions help customers maximize the value and performance of their renewable energy portfolios while supporting grid resilience and the broader energy transition. With extensive operational expertise accumulated over nearly two decades, Stem serves thousands of customers managing gigawatts of solar and storage assets worldwide.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $156M | $60M | -$56M | — | $-9.18 |
| 2024 | $145M | -$11M | -$839M | — | $-105.80 |
| 2023 | $462M | $4M | -$179M | — | $-18.05 |
| 2022 | $363M | $33M | -$131M | -$124M | $-0.81 |
| 2021 | $127M | $1M | -$83M | -$101M | $-0.96 |
| 2020 | $36M | -$4M | -$49M | -$156M | $-4.13 |
| 2019 | $18M | -$3M | -$48M | -$59M | $-1.51 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $309M | $558M | -$249M | $49M | — |
| 2024 | $437M | $835M | -$398M | $56M | — |
| 2023 | $1.36B | $930M | $426M | $105M | — |
| 2022 | $1.42B | $870M | $552M | $88M | — |
| 2021 | $1.19B | $524M | $668M | $748M | — |
| 2020 | $206M | $383M | -$177M | $7M | — |
| 2019 | $253,018 | $246,568 | -$25M | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $7M | — | — |
| 2024 | -$37M | — | — |
| 2023 | -$207M | — | — |
| 2022 | -$106M | — | — |
| 2021 | -$101M | — | — |
| 2020 | -$34M | — | — |
| 2019 | -$30M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/STEM)