Saturday 17 October 2026 Export STEM’s income statement to Excel — free account

Stem, Inc.

Stem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $156.3 million, up 8.08% from fiscal 2024. In the quarter to June 2026, revenue fell 12.3%, EPS fell 106.5%, free cash flow grew 96.1% and total debt rose 2.31%, each against the same quarter a year earlier.

3.48 0.22 −5.95%

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Market cap: $35.6M
P/E: 0.0×
Fwd P/E: −1.0×
Dividend yield: —
F-score: 5/9
Altman Z: −6.74
Beneish M: −1.26
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.22

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	1	7	—	—	—	5	—	1	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 35.62

Revenue 148.03

Net Income (73.08)

Free Cash Flow 7.15

Net Debt 293.96

Current Ratio 0.83

Debt/Equity (1.23)

P/E ratio 0.00

Fwd P/E (0.98)

P/S ratio 0.21

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 29.55%

Next Y EPS Growth 12.88%

Next Y revenue growth (4.20%)

Next 5Y EPS Growth 30.18%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 1.79%

10-year low 10-year high

EV/Sales against its own 10 years 21.23%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	0.08	0.08
2021	0.08	0.05 0.03
2019	0.15	0.10 0.05
2018	0.14	0.09 0.05
2017	0.14	0.09 0.05
2016	0.14	0.09 0.05

special payouts not included in total or ratios

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%

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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(2.22)	(1.58)	—	—	—
’25	(3.00)	23.88	(2.84)	(1.85)	16.23
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	192.00	320.00	114.40	46.60	6.06	5.82	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	528.60	1,029.80	395.00	227.20	79.90	33.60
People
People	Employees	—	—	—	—	2	213	660	624	569	423
	Revenue/emp, $m	—	—	—	0.00	18.15	0.60	0.55	0.74	0.25	0.37
Income, $m
Income, $m	Revenue	—	—	—	18	36	127	363	462	145	156
	Gross margin, %	—	—	—	(18.57)	(10.77)	0.98	9.12	0.79	(7.65)	38.37
	EBT	—	—	0	(59)	(156)	(101)	(139)	(140)	(854)	138
	EBT margin, %	—	—	0.00	(338.47)	(430.00)	(79.46)	(38.35)	(30.33)	(590.44)	88.50
	Net income	—	0	0	(59)	(156)	(101)	(124)	(140)	(854)	138
	Depreciation	—	—	—	14	18	25	46	45	594	47
Per share, $
Per share, $	Revenue	—	—	0.00	8.20	18.12	24.13	47.32	59.33	17.91	18.74
	Earnings	—	—	0.00	(27.76)	(77.94)	(19.20)	(16.20)	(18.00)	(105.80)	16.52
	Cash flow	—	—	0.00	(13.86)	(16.81)	(19.19)	(13.82)	(26.66)	(4.54)	0.82
	Capex	—	—	0.00	(21.66)	(6.01)	(1.93)	(2.72)	(2.34)	(1.46)	(0.79)
	Free cash flow	—	—	0.00	(35.52)	(22.82)	(21.11)	(16.54)	(29.00)	(6.00)	0.03
	Book value	—	—	0.00	0.00	(88.56)	126.53	71.98	54.85	(49.28)	(29.87)
	Shares, m	—	—	48	2	2	5	8	8	8	8
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.91
	P/S	—	—	—	0.00	0.00	15.72	3.57	1.26	0.67	0.80
	P/B	—	—	—	77.30	0.00	3.00	2.35	1.36	0.00	0.00
	EV/Sales	—	—	—	0.00	0.00	11.11	4.16	2.18	4.04	2.58
	EV/FCF	—	—	—	(21.44)	(18.21)	(12.70)	(11.91)	(4.46)	(12.05)	1,555.08
Cash, $m
Cash, $m	Operating cash flow	—	—	0	(30)	(34)	(101)	(106)	(207)	(37)	7
	Capex	—	—	—	(46)	(12)	(10)	(21)	(18)	(12)	(7)
	Free cash flow	—	—	0	(76)	(46)	(111)	(127)	(226)	(48)	0
Balance, $m
Balance, $m	Working capital	—	—	0	0	(141)	936	266	222	8	(10)
	Total debt	—	—	0	0	20	334	465	538	542	326
	Net debt	—	—	0	0	13	(587)	215	425	486	277
	Shareholders’ equity	—	—	—	0	(177)	668	552	427	(398)	(249)
Returns, %
Returns, %	ROA	—	—	0.00	(51,199.21)	(160.70)	(14.48)	(9.49)	(10.11)	(95.19)	36.92
	ROIC	—	—	0.00	(460,096.15)	0.00	(64.46)	(10.68)	(13.16)	(594.10)	(123.39)
	ROE	—	—	(69.23)	(1,992,830.77)	186.70	(41.28)	(20.34)	(28.69)	(5,920.83)	(42.59)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$70.0M	— (loss-making)	—	−89.49% (below 0%: shrinking)	n/m	−89.55% (below 0%: shrinking)	39.98%	(833.13%)	Compare
VGAS Verde Clean Fuels, Inc.	$44.1M	— (loss-making)	—	—	n/m	+77.82% (above 0%: growing)	0.00%	0.00%	Compare
AGIG Abundia Global Impact Group, Inc.	$37.5M	— (loss-making)	— (loss-making)	+304.43% (above 0%: growing)	n/m	+214.38% (above 0%: growing)	30.76%	(172.29%)	Compare
STEM Stem, Inc.	$35.6M	— (loss-making)	— (loss-making)	−12.30% (below 0%: shrinking)	n/m	+96.12% (above 0%: growing)	41.26%	(22.79%)
WAVE Eco Wave Power Global AB (publ) Unsponsored ADR	$33.4M	— (loss-making)	— (loss-making)	+7,706.63% (above 0%: growing)	n/m	−70.08% (below 0%: shrinking)	85.66%	0.00%	Compare
BESS Bimergen Energy Corporation	$16.4M	— (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	$14.0M	— (loss-making)	— (loss-making)	—	n/m	+64.49% (above 0%: growing)	(26.76%)	0.00%	Compare
PBK PowerBank Corporation	$12.6M	— (loss-making)	—	−40.48% (below 0%: shrinking)	n/m	−372.99% (below 0%: shrinking)	33.16%	(109.55%)	Compare
NXXT NextNRG Inc.	$9.8M	— (loss-making)	— (loss-making)	+40.91% (above 0%: growing)	n/m	−328.47% (below 0%: shrinking)	7.05%	(15.96%)	Compare
Median of peers	$24.9M	—	—	+172.67%	—	−2.79%	31.96%	(7.98%)

All 24 Utilities Renewable stocks →

Stem, Inc. (STEM) key facts

Strength: Stem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $156.3 million, up 8.08% from fiscal 2024.
Stem, Inc. (STEM) is an Utilities Renewable company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, STEM traded at $3.48, a market capitalization of $35.6 million.
Return on equity was −42.6% and debt-to-equity -1.23.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −6.74 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.