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Stem STEM Q3 2025 earnings

Reported October 29, 2025 · After market close

Revenue$38.2MMiss by $5.4M
EPS-$2.84Miss by $0.99
Revenue estimate$43.6M
EPS estimate-$1.85

Next report

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

Financials

Q3 2025

Income statement

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Revenue$38.2M+30.5%
Gross profit$13.6M+119%
Operating income-$12.9M+91.1%
Net income-$23.8M+84.0%
EPS (diluted)-$2.84+84.4%

Balance sheet

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Cash & equivalents$44.9M-41.8%
Total debt$10.7M-16.8%
Total equity-$235.7M+31.5%
Total assets$362.6M-32.6%

Cash flow

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Operating cash flow$11.4M+221%
CapEx-$48.0K-194%
Free cash flow$11.4M+221%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$146.95M+160%
Enterprise value$112.7M+1,560%
P/E1.4×
P/S0.9×+0.7×

Profitability

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Gross margin20.9%+19.9pp
Operating margin-57.3%-25.8pp
Net margin62.2%+33.8pp
FCF margin-9.7%-0.2pp

Returns & leverage

See full
Current ratio0.8×-0.3×

Segments

By product

See full
Edge hardware$15.6M+17.8%
PowerTrack software$9.4M+10.5%
Managed services$6.6M-3.6%
Battery hardware resale$4.3M+171%
Project and professional services & other$2.5M-63.9%

By segment

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Reportable Segment$38.2M+30.5%

Versus estimates

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Questions, answered.

When did Stem report Q3 2025 earnings?
Stem (STEM) reported Q3 2025 earnings on October 29, 2025 after market close.
What were Stem's Q3 2025 revenue and EPS?
Stem reported revenue of $38.2M and eps of $-2.84 for Q3 2025.
Did Stem beat estimates in Q3 2025?
Revenue missed the consensus estimate of $43.6M by $5.4M. EPS missed the consensus estimate of $-1.85 by $0.99.
How did Stem's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.5% from $29.3M a year earlier and eps grew 32.4% from $-4.20.
Where can I find Stem's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001758766-25-000066) directly on SEC EDGAR. The filing index links above go to sec.gov.