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Stem, Inc.

STEM Utilities Utilities Renewable

Stem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $156.3 million, up 8.08% from fiscal 2024.

Revenue
−12.3%
EPS
−106.5%
Free cash flow
+96.1%
Total debt
+2.31%

Quarter to June 2026, against a year earlier

2.20 0.68 −23.61%
Market cap
$21.0M
P/E
0.0×
Fwd P/E
−0.3×
Dividend yield
—
F-score
5/9
Altman Z
−6.74
Beneish M
−1.26
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.16
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 7 — — — 5 — 1 — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 20.99
Revenue ttm 148.03
Net income ttm (73.08)
Free cash flow ttm 7.15
Net debt Q 293.96
Valuation
P/E 0.00
Forward P/E (0.34) (negative: loss-making)
Price / sales 0.14
Forward P/S Powerpack
Price / FCF 2.81
Price / book 0.00
Financial health
Current ratio Q 0.83 (below 1: weak)
Debt / equity Q (1.23) (negative: negative equity)
Interest coverage Q (1.02)
Growth
Revenue growth Q −12.30% (below 0%: shrinking)
Operating income growth Q +42.51% (above 0%: growing)
EPS, this year +30.95% (at or above 15%: strong)
EPS, next year A +19.36% (at or above 15%: strong)
Revenue, next year A −5.67% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +33.24% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 2.9×; over the ten years it ranged from 1.4× in 2024 to 47.5× in 2021.
P/S against its own 10 years 0.07%
10-year low 10-year high
EV/Sales against its own 10 years 18.82%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–23
−100.0%/yr
  1. 0.14 ’16
  2. 0.14 ’17 +0
  3. 0.14 ’18 +0
  4. 0.15 ’19 +6
  5. 0.08 ’21 −46
  6. 0.08 ’22 +0
  7. 0.00 ’23 −100
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 114 56 49 38
Receivables 303 59 38 33
Inventory 27 11 5 6
Other 9 10 8 12
473 137 100 89
2023 2024 2025 Q'26
Payables 78 30 10 14
ST’ Debt 15 17 14 13
Other 13 6 7 8
251 129 111 108

Compound Annual Growth %

10y 5y 3y
Sales — 33.90% (24.49%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −1.76 Actual −1.58

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −1.85 −2.84 Miss by 0.99
Q4 FY25 −1.96 −1.85 Beat by 0.11
Q1 FY26 −1.71 −1.55 Beat by 0.16
Q2 FY26 −1.76 −1.58 Beat by 0.18
Q3 FY26 −1.57 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (2.22) (1.58) — — —
’25 (3.00) (1.79) (2.84) (1.85) (9.18)
’24 (9.20) (71.80) (18.20) (6.00) (105.80)
’23 (5.80) 2.45 (9.80) (4.80) (18.00)
’22 (3.00) (4.20) (4.40) (4.60) (16.20)
’21 (40.84) (20.00) 16.48 (4.60) (19.20)
’20 0.00 (9.54) (9.43) (58.97) (77.94)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 29 34 — — —
’25 33 38 38 47 156
’24 25 34 29 56 145
’23 67 93 134 167 462
’22 41 67 100 155 363
’21 15 19 40 53 127
’20 — 4 9 23 36
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (8) 0 — — —
’25 9 (21) 11 8 7
’24 (1) (12) (9) (15) (37)
’23 (36) (165) (4) (2) (207)
’22 (26) (7) (36) (37) (106)
’21 (2) (40) (27) (32) (101)
’20 — (16) (1) (16) (34)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (10) (1) — — —
’25 5 (22) 10 7 0
’24 (4) (15) (12) (17) (48)
’23 (41) (170) (7) (7) (226)
’22 (31) (12) (42) (42) (127)
’21 (5) (46) (30) (31) (111)
’20 — (27) 1 (20) (46)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 18 36 127 363 462 145 156 148 +44.0% 147 171 218 +11.7%
Gross margin, % — — — (18.57) (10.77) 0.98 9.12 0.79 (7.65) 38.37 41.45 +56.9 pt
EBT — — 0 (59) (156) (101) (139) (140) (854) 138 (73) n/m
EBT margin, % — — 0.00 (338.47) (430.00) (79.46) (38.35) (30.33) (590.44) 88.50 (49.28) +88.5 pt
Net income — 0 0 (59) (156) (101) (124) (140) (854) 138 (73) n/m
Per share, $
Per share, $ Revenue — — 0.00 8.20 18.12 24.13 47.32 59.33 17.91 18.74 16.25 n/m
Earnings — — 0.00 (27.76) (77.94) (19.20) (16.20) (18.00) (105.80) 16.52 (8.64) n/m
Cash flow — — 0.00 (13.86) (16.81) (19.19) (13.82) (26.66) (4.54) 0.82 1.28 n/m
Capex — — 0.00 (21.66) (6.01) (1.93) (2.72) (2.34) (1.46) (0.79) (0.49) n/m
Free cash flow — — 0.00 (35.52) (22.82) (21.11) (16.54) (29.00) (6.00) 0.03 0.78 n/m
Book value — — 0.00 0.00 (88.56) 126.53 71.98 54.85 (49.28) (29.87) (29.64) n/m
Shares, m — — 48 2 2 5 8 8 8 8 9 (22.1%)
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.91 0.00 0.1
P/S — — — 0.00 0.00 15.72 3.57 1.26 0.67 0.80 0.14 3.1
P/B — — — 77.30 0.00 3.00 2.35 1.36 0.00 0.00 0.00 12.0
EV/Sales — — — 0.00 0.00 11.11 4.16 2.18 4.04 2.58 2.12 3.4
EV/FCF — — — (21.44) (18.21) (12.70) (11.91) (4.46) (12.05) 1,555.08 43.95 210.6
Cash, $m
Cash, $m Operating cash flow — — 0 (30) (34) (101) (106) (207) (37) 7 12 n/m
Capex — — — (46) (12) (10) (21) (18) (12) (7) (4) (27.7%)
Free cash flow — — 0 (76) (46) (111) (127) (226) (48) 0 7 n/m
Balance, $m
Balance, $m Working capital — — 0 0 (141) 936 266 222 8 (10) (18) n/m
Net debt — — 0 0 13 (587) 215 425 486 277 294 n/m
Shareholders’ equity — — — 0 (177) 668 552 427 (398) (249) (270) n/m
Returns, %
Returns, % ROA — — 0.00 (51,199.21) (160.70) (14.48) (9.49) (10.11) (95.19) 36.92 (22.18) +36.9 pt
ROIC — — 0.00 (460,096.15) 0.00 (64.46) (10.68) (13.16) (594.10) (123.39) (112.39) (123.4) pt
ROE — — (69.23) (1,992,830.77) 186.70 (41.28) (20.34) (28.69) (5,920.83) (42.59) 30.23 +26.6 pt
People
People Employees — — — — 2 213 660 624 569 423 — +191.8%
Revenue/emp, $m — — — 0.00 18.15 0.60 0.55 0.74 0.25 0.37 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Stem, Inc. vs peers in Utilities Renewable (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SAFX XCF Global Capital, Inc. $52.3M — (loss-making) — −89.49% (below 0%: shrinking) n/m −89.55% (below 0%: shrinking) 39.98% (833.13%) Compare
VGAS Verde Clean Fuels, Inc. $43.4M — (loss-making) — — n/m +77.82% (above 0%: growing) 0.00% 0.00% Compare
AGIG Abundia Global Impact Group, Inc. $36.7M — (loss-making) — (loss-making) +304.43% (above 0%: growing) n/m +214.38% (above 0%: growing) 30.76% (172.29%) Compare
WAVE Eco Wave Power Global AB (publ) Unsponsored ADR $27.1M — (loss-making) — (loss-making) +7,706.63% (above 0%: growing) n/m −70.08% (below 0%: shrinking) 85.66% 0.00% Compare
STEM Stem, Inc. $21.0M — (loss-making) — (loss-making) −12.30% (below 0%: shrinking) n/m +96.12% (above 0%: growing) 41.26% (22.79%)
BESS Bimergen Energy Corporation $18.7M — (loss-making) — +14,700.00% (above 0%: growing) n/m +247.73% (above 0%: growing) 60.90% 19.90% Compare
HTOO Fusion Fuel Green PLC $10.6M — (loss-making) — (loss-making) — n/m +64.49% (above 0%: growing) (26.76%) 0.00% Compare
PBK PowerBank Corporation $8.7M — (loss-making) — −40.48% (below 0%: shrinking) n/m −372.99% (below 0%: shrinking) 33.16% (109.55%) Compare
NXXT NextNRG Inc. $3.9M — (loss-making) — (loss-making) +40.91% (above 0%: growing) n/m −328.47% (below 0%: shrinking) 7.05% (15.96%) Compare
Median of peers $22.9M — — +172.67% — −2.79% 31.96% (7.98%)

All 24 Utilities Renewable stocks →

Pay and ownership Proxy statement filed 24 April 2026

Ownership

Directors and executive officers, together 5.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Stem, Inc. (STEM) Latest News

26 Oct

Impact 4 · · Business Wire

23 Oct

Impact 3 · · Business Wire
Impact 3 · · Simply Wall St.

13 Aug

Impact 4 · · Moby
Impact 3 · · MarketBeat transcript

12 Aug

Impact 3 ·
Impact 3 ·

17 Jun

Impact 4 ·

27 May

Impact 3 · · Business Wire

17 May

Impact 4 · · Insider Monkey

13 May

Impact 3 ·

7 May

Impact 4 · · Moby

6 May

Impact 4 · · Business Wire
Impact 3 · · Zacks

30 Apr

Impact 4 · · Business Wire

28 Apr

Impact 4 · · Business Wire

18 Apr

Impact 3 · · Simply Wall St.

2 Apr

Impact 4 · · Simply Wall St.

17 Mar

Impact 4 · · MarketBeat

14 Mar

Impact 3 · · Insider Monkey

10 Mar

Impact 3 · · Insider Monkey

5 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 4 · · GuruFocus.com

4 Mar

Impact 4 · · MarketBeat
Impact 4 · · Business Wire
Impact 4 · · Business Wire
Impact 3 · · Zacks

10 Feb

Impact 4 · · Business Wire

11 Dec

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.
stockrow.com/STEM · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com