Skip to content
Stem logo

Stem

STEM

Stem, Inc. is a global leader in AI-enabled clean energy technology, providing an integrated software suite for the monitoring, control, and optimization of solar and energy storage assets.

Market cap
$49.98M-57.8%
Revenue$152.8M+0.7%
Net income$134.8M+116%
Free cash flow-$10.0M+63.9%
EPS (diluted)-$8.70+91.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (In 2 weeks)
Revenue estimate$36.6M
EPS estimate-$1.76

Financials

Q1 2026

Income statement

See full
Revenue$29.0M-10.8%
Gross profit$10.9M+3.0%
Operating income-$14.2M+32.8%
Net income-$18.9M+24.3%
EPS (diluted)-$2.22+27.2%

Balance sheet

See full
Cash & equivalents$38.4M-36.4%
Total debt$11.0M-12.2%
Total equity-$266.3M+36.2%
Total assets$281.9M-30.4%

Cash flow

See full
Operating cash flow-$8.3M-197%
CapEx-
Free cash flow-$8.3M-197%

Valuation & ratios

Valuation

See full
Market cap$49.98M-57.8%
Enterprise value$22.61M-82.1%
P/E0.4×
P/S0.3×-0.7×

Profitability

See full
Gross margin39.5%+23.8pp
Operating margin-31.9%-15.5pp
FCF margin-6.5%-2.6pp

Returns & leverage

See full
Current ratio0.8×-0.1×

Segments

By product

See full
Edge hardware$10.3M+0.6%
PowerTrack software$10.3M+16.0%
Managed services$6.7M-5.2%
Project and professional services & other$1.7M-5.3%
Battery hardware resale--100%

By segment

See full
Reportable Segment$29.0M-10.8%

Competitors

Profile

Stem, Inc. is a global leader in AI-enabled clean energy technology, providing an integrated software suite for the monitoring, control, and optimization of solar and energy storage assets. The company enables asset owners and operators to maximize the value of renewable energy portfolios through intelligent data analytics and automated grid interaction. Stem is currently transitioning its business model to prioritize high-margin software and services over historical hardware resale activities.

Competitive position

Stem operates one of the largest global distributed clean energy networks with significant scale in solar and storage assets under management. The company differentiates itself through its hardware-agnostic AI platform and extensive operational data history.

GeographiesUnited States, Hungary, Global
Customer segmentsUtilities, Renewable Energy Developers, Commercial and Industrial Enterprises, Independent Power Producers
Business modelSubscription SaaS, Professional Services, AI-enabled services
SuppliersBattery OEMs, Solar hardware manufacturers, Edge device component suppliers, Cloud infrastructure providers
CustomersUtility companies, Renewable energy asset owners, EPC firms, Commercial and industrial energy users
Listed2021
Employees624.0
CEOArun Narayanan
Websitestem.com
FilingsSEC EDGAR

Questions, answered.

What is Stem's market cap?
Stem (STEM) has a market capitalization of $50.0M and trades on NYSE.
What is Stem's revenue and profitability?
Stem generated $152.8M in trailing twelve-month revenue with net income of $134.8M, representing a net margin of 62.2%. Gross margin stands at 39.5%, with free cash flow of -$10.0M. These figures are based on the Q1 2026 filing.
Who are Stem's competitors?
Stem's key competitors include Enphase Energy, Fluence Energy, Tesla, and others. These companies compete in similar markets and product categories.
Who does Stem partner with?
Stem's notable partners include Neovolt.
What subsidiaries does Stem have?
Stem's subsidiaries include Also Energy, Inc..
Where is Stem headquartered?
Stem is headquartered in United States of America and employs approximately 624 people. It has been publicly traded since 2021.