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

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. 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%
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 (below 1: weak)
Debt/Equity (1.23) (negative: negative equity)
P/E ratio 0.00
Fwd P/E (0.98) (negative: loss-making)
P/S ratio 0.21
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth 29.55% (at or above 15%: strong)
Next Y EPS Growth 12.88%
Next Y revenue growth (4.20%) (below 0%: weak)
Next 5Y EPS Growth 30.18% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.2×, 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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. $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.

Stem, Inc. (STEM) Latest News

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stockrow.com/STEM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com