Growth & profitability
- Revenue has grown 33.9% per year over the past 5 years.
- Operating margin has expanded, at -35.6% in the latest year.
Financial health
- Operating income covered interest expense -2.3× in the latest year.
STEM Financials STEM, INC.
7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $156M | $138M | 38.4% | -35.6% | — | — | $49M |
| 2024 | $145M | -$854M | -7.6% | -580.6% | — | — | $56M |
| 2023 | $462M | -$140M | 0.8% | -38.9% | — | — | $105M |
| 2022 | $363M | -$124M | 9.1% | -36.1% | — | — | $88M |
| 2021 | $127M | -$101M | 1.0% | -65.2% | — | — | $748M |
| 2020 | $36M | -$156M | -10.8% | -136.0% | — | — | $7M |
| 2019 | $18M | -$10406 | -18.6% | -272.6% | — | — | $13M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $29M | -$19M | 37.4% | -49.0% | — | — | $37M |
| Dec '25 | $47M | -$16M | 48.9% | -17.7% | — | — | $49M |
| Sep '25 | $38M | -$24M | 35.5% | -33.6% | — | — | $43M |
| Jun '25 | $38M | $203M | 33.4% | -34.8% | — | — | $41M |
| Mar '25 | $33M | -$25M | 32.4% | -65.0% | — | — | $59M |
| Dec '24 | $56M | -$51M | -4.4% | -84.4% | — | — | $56M |
| Sep '24 | $29M | -$148M | 21.2% | -493.2% | — | — | $75M |
| Jun '24 | $34M | -$582M | 27.6% | -1705.5% | — | — | $90M |
| Mar '24 | $25M | -$72M | -95.0% | -267.0% | — | — | $113M |
| Dec '23 | $167M | -$38M | 6.6% | -20.0% | — | — | $105M |
| Sep '23 | $134M | -$77M | -15.2% | -51.0% | — | — | $97M |
| Jun '23 | $93M | $19M | 12.8% | -37.5% | — | — | $75M |
| Mar '23 | $67M | -$45M | 1.5% | -63.3% | — | — | $118M |
| Dec '22 | $155M | -$35M | 8.1% | -21.7% | — | — | $88M |
| Sep '22 | $100M | -$34M | 9.2% | -32.8% | — | — | $100M |
| Jun '22 | $67M | -$32M | 11.6% | -44.5% | — | — | $151M |
| Mar '22 | $41M | -$22M | 8.9% | -85.1% | — | — | $175M |
| Dec '21 | $53M | -$34M | -3.1% | -57.2% | — | — | $748M |
| Sep '21 | $40M | $116M | 7.9% | -48.0% | — | — | $405M |
| Jun '21 | $19M | -$100M | -0.7% | -123.5% | — | — | $474M |
Valuation over time
How the market has priced STEM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 0.1× (Mar '23) to 0.4× (Jun '26).
P/E
P/S
Frequently asked questions
Is STEM growing its revenue and profit?
Over the past 5 years, STEM, INC.'s revenue has grown 33.9% per year. These are computed facts, not advice.
How much debt does STEM have?
As of FY2025, STEM, INC. reported — of total debt against $49M of cash; operating income covered interest expense -2.3×.
What is STEM's profit margin?
In FY2025, gross margin was 38.4%, operating margin -35.6%, and net margin 88.2%.
What is STEM's P/E ratio?
As of Jun '26, STEM, INC. traded at a price-to-earnings ratio of about 1.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.