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Stem STEM Business Segments

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Revenue by Product
Battery hardware resale$286K-94.7%$0-100%$605K-97.8%$4.27M+171%$5.43M-30.0%
Edge hardware$14.75M+22.0%$10.33M+0.6%$15.82M+21.3%$15.56M+17.8%$12.09M+8.6%
Managed services$5.89M-34.5%$6.68M-5.2%$7.6M+51.2%$6.55M-3.6%$9M
PowerTrack software$10.54M+10.7%$10.27M+16.0%$9.87M+14.4%$9.38M+10.5%$9.52M
Project and professional services & other$2.18M-6.4%$1.72M-5.3%$13.25M+540%$2.48M-63.9%$2.33M
Revenue by Geography
Rest of the world$1.38M-28.7%$1.32M+69.7%$1.17M+50.1%$2.17M+16.3%$1.94M+42.7%
United States$32.27M-11.4%$27.68M-12.8%$45.97M-16.5%$36.07M+31.5%$36.44M+11.6%

FAQ

How does Stem break its business down?
Stem (STEM) reports revenue by product across 5 parts — Battery hardware resale, Edge hardware, Managed services, PowerTrack software and Project and professional services & other. Each is extracted from the segment footnotes and tracked over time.
Where does Stem's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Stem's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.