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Stem STEM Hardware revenue — Revenue

Other product segments

Edge hardware
$10.33M+0.6%
PowerTrack software
$10.27M+16.0%
Managed services
$6.68M-5.2%
Project and professional services & other
$1.72M-5.3%
Battery hardware resale
$0-100%

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Other financials

Income statement

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Revenue$29.0M-10.8%
Gross profit$10.9M+3.0%
Operating income-$14.2M+32.8%
Net income-$18.9M+24.3%
EPS (diluted)-$2.22+27.2%

Balance sheet

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Cash & equivalents$38.4M-36.4%
Total debt$11.0M-12.2%
Total equity-$266.3M+36.2%
Total assets$281.9M-30.4%

Cash flow

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Operating cash flow-$8.3M-197%
CapEx-
Free cash flow-$8.3M-197%

Valuation

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Market cap$69.95M+25.3%
Enterprise value$42.58M+71.1%
P/E0.5×
P/S0.5×+0.1×

Profitability

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Gross margin39.5%+23.8pp
Operating margin-31.9%-15.5pp
Net margin62.2%+33.8pp
FCF margin-6.5%-2.6pp

Returns & leverage

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Return on equity-37.8%+35.1pp
Debt / equity0.0×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Stem in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Stem’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Stem's hardware revenue — revenue?
Stem (STEM) reported hardware revenue — revenue of $10.33M in Q1 2026.
How has Stem's hardware revenue — revenue changed year-over-year?
Stem's hardware revenue — revenue decreased by 30.2% year-over-year, from $14.79M to $10.33M.
What is the long-term trend for Stem's hardware revenue — revenue?
Over 4 years (2021 to 2025), Stem's hardware revenue — revenue has grown at a -10.5% compound annual growth rate (CAGR), from $106.91M to $68.57M.
What does hardware revenue — revenue mean?
This metric represents the total gross revenue generated from the sale of physical energy storage hardware components. It reflects the company's ability to monetize its core equipment offerings within its turnkey energy solutions. Tracking this helps investors assess the scale and market demand for the company's physical product segment.