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Companies / Industrials / Stem, Inc.
STEM

Stem, Inc.

IndustrialsBusiness Services & Software
Ticker STEMHOUSTON, TXFiscal year ends DecemberBook value per share $-30.58Diluted shares 8.8M

Stem, Inc. (NYSE: STEM) provides software, edge hardware and services that help asset owners, operators and energy stakeholders monitor, control and optimize solar, energy storage and hybrid assets. Its PowerTrack suite includes monitoring and analytics software, energy management systems, control and data acquisition… From the company’s description.

Over the twelve months to Jun 30, 2026, Stem, Inc. reported revenue of $148.03M, down 5.1% from a year earlier, and a net loss of $73.08M. Its operating margin was −29.1%, and operations generated $11.63M in cash. In fiscal 2025, it reported revenue of $156.27M, up 8.1% from fiscal 2024, and net income of $137.76M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$156.27MFY2025
+8.1% year over year
Last 12 mo $148.03M
-35.64%FY2025
+545 percentage points
Last 12 mo -29.10%
$137.76MFY2025
+116.1% year over year
Last 12 mo $-73.08M
-55.23%FY2025
−132.3 percentage points
Last 12 mo 26.08%
Cash & financing
$6.86MFY2025
+118.7% year over year
Last 12 mo $11.63M
$0.26MFY2025
+100.5% year over year
Last 12 mo $7.15M
-1.43FY2025
Was -1.47× a year earlier
Last 12 mo -1.32
8.5MFY2025
−94.7% year over year
Last 12 mo 8.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Stem, Inc. does

In the company’s own words

Stem, Inc. (NYSE: STEM) provides software, edge hardware and services that help asset owners, operators and energy stakeholders monitor, control and optimize solar, energy storage and hybrid assets. Its PowerTrack suite includes monitoring and analytics software, energy management systems, control and data acquisition products, and optimization tools, alongside project, professional and managed services across the energy asset lifecycle. Customers include project developers, asset owners, engineering, procurement and construction firms, distributors, commercial and industrial businesses, utilities and independent power producers. Stem is shifting its focus from battery resales toward AI-enabled software and services; hardware revenue was $68.6 million, or 43.9% of total revenue, in fiscal 2025. Its operations span projects in 55 countries, and it had 423 employees as of December 31, 2025. The company’s flagship platform, formerly branded Athena, is now PowerTrack Optimizer; related applications include Analyzer, Supervisor, Explorer and PowerBidder. Its website is www.stem.com.

Company details
Sector
Industrials
Industry (SIC)
Business Services & Software
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1758766
SIC
7373

Financial performance, year by year

Fiscal 2020–2025 · USD
$-985.57M$-590.91M$-196.25M$198.41M$593.07M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Stem, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

20
funds hold it
0 of 35
superinvestors hold it
$4.59M
held by funds, at market
5.9%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Stem, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
Ultra-Small Company Fund
BRUSX · Bridgeway Funds, Inc.
0.35%of fund net assets
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Stem, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Stem, Inc.’s debt, $3.50M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 0.45%, maturing 2028 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Stem, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Stem, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Stem, Inc.'s last four quarterly filings that the numbers alone won't show?”
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