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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›STEM›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

STEM, INC. (STEM) financials

Income statement

STEM, INC. (STEM) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$17.6M$36.3M$127M$363M$462M$145M$156M
Revenue growth—106.9%250.8%185.0%27.1%-68.7%8.1%
Gross profit-$3.26M-$3.91M$1.25M$33.1M$3.67M-$11.1M$60.0M
Gross margin-18.6%-10.8%1.0%9.1%0.8%-7.6%38.4%
Operating income-$47.9M-$49.4M-$83.1M-$131M-$179M-$839M-$55.7M
Operating margin-272.6%-136.0%-65.2%-36.1%-38.9%-580.6%-35.6%
Net income-$10.4K-$156M-$101M-$124M-$140M-$854M$138M
Net margin-0.1%-430.0%-79.5%-34.2%-30.4%-590.7%88.2%
EPS (diluted)-$1.51-$4.13-$0.96-$0.81-$18.05-$105.80-$9.18

Cash flow

STEM, INC. (STEM) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$29.7M-$33.7M-$101M-$106M-$207M-$36.6M$6.86M

Balance sheet

STEM, INC. (STEM) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$12.9M$6.94M$748M$87.9M$105M$56.3M$48.9M
Total assets$253K$206M$1.19B$1.42B$1.36B$437M$309M
Total liabilities$247K$383M$524M$870M$930M$835M$558M
Shareholders' equity-$24.5M-$177M$668M$552M$426M-$398M-$249M
Retained earnings-$18.6K-$408M-$509M-$632M-$772M-$1.63B-$1.49B
Shares (wtd avg diluted)42.8M40.1M106M153M7.78M8.07M8.49M

Every figure is extracted from STEM, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is STEM, INC.'s annual revenue?
STEM, INC. (STEM) reported $156M of revenue for fiscal year 2025 — up 8.1% from $145M in FY2024, per its annual report filed with the SEC.
Is STEM, INC. profitable?
Yes — STEM earned $138M of net income in FY2025, a 88.2% net margin, per SEC filings.
Does STEM pay a dividend?
STEM, INC. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full STEM analysis — verdict, score & filings →Is STEM a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.