Stem STEM Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Battery hardware resale | $10.31M-69.0% | $14.84M-52.7% | $41.29M-56.2% | $30.96M-83.7% | $33.29M-87.8% | |
| Edge hardware | $53.79M+12.9% | $53.73M+18.3% | $50.95M+21.1% | $48.6M+26.0% | $47.64M+28.4% | |
| Managed services | $29.84M— | $30.21M— | $27.63M— | $27.88M— | —— | |
| PowerTrack software | $39.04M— | $37.62M— | $36.38M— | $35.49M— | —— | |
| Project and professional services & other | $19.77M— | $19.87M— | $8.69M— | $13.07M— | —— | |
| Total Cost of Revenue by Product | ||||||
| Hardware revenue | $39.28M-47.0% | $43.65M-57.7% | $77.05M-62.2% | $71.78M-78.7% | $74.13M-81.1% | |
| Services and other revenue | $53.19M-1.2% | $52.66M+0.5% | $53.42M+6.9% | $57.13M+19.1% | $53.82M+10.3% | |
| Revenue by Geography | ||||||
| Rest of the world | $6.6M+38.0% | $6.06M+17.0% | $5.67M-32.4% | $5.36M-48.7% | $4.78M-61.5% | |
| United States | $146.15M-0.5% | $150.21M+7.7% | $159.28M-35.7% | $150.64M-57.0% | $146.84M-63.9% |
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.
