Stem STEM Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Product | |||||
| Battery hardware resale | $14.84M-52.7% | $31.35M-91.3% | $360.2M— | —— | |
| Edge hardware | $53.73M+18.3% | $45.43M+17.2% | $38.76M— | —— | |
| Managed services | $30.21M— | —— | $25.34M— | —— | |
| PowerTrack software | $37.62M— | —— | $28.73M— | —— | |
| Project and professional services & other | $19.87M— | —— | $8.47M— | —— | |
| Total Cost of Revenue by Product | |||||
| Hardware revenue | $43.65M-57.7% | $103.25M-74.7% | $407.55M+42.1% | $286.74M+193% | |
| Services and other revenue | $52.66M+0.5% | $52.39M+4.2% | $50.3M+16.6% | $43.15M+53.2% | |
| Revenue by Geography | |||||
| Rest of the world | $6.06M+17.0% | $5.18M-61.1% | $13.31M+44.9% | $9.19M+6,416% | |
| United States | $150.21M+7.7% | $139.41M-68.9% | $448.21M+26.7% | $353.79M+178% |
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.
