Stem STEM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Battery hardware resale | $0-100% | $605K-85.8% | $4.27M-21.4% | $5.43M+20.0% | $4.53M-83.3% | |
| Edge hardware | $10.33M-34.7% | $15.82M+1.7% | $15.56M+28.7% | $12.09M+17.8% | $10.26M-21.3% | |
| Managed services | $6.68M-12.1% | $7.6M+16.0% | $6.55M-27.2% | $9M+27.7% | $7.05M+40.2% | |
| PowerTrack software | $10.27M+4.1% | $9.87M+5.2% | $9.38M-1.5% | $9.52M+7.5% | $8.85M+2.6% | |
| Project and professional services & other | $1.72M-87.0% | $13.25M+435% | $2.48M+6.2% | $2.33M+28.3% | $1.82M-12.3% | |
| Revenue by Geography | ||||||
| Rest of the world | $1.32M+12.8% | $1.17M-46.0% | $2.17M+12.1% | $1.94M+149% | $779K-0.3% | |
| United States | $27.68M-39.8% | $45.97M+27.5% | $36.07M-1.0% | $36.44M+14.8% | $31.73M-42.3% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.
