Stem STEM Hardware revenue — Total Cost of Revenue

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OWLTHardware — Total Cost of Revenue

$9.34M-2.9%

OMDAHardware — Total Cost of Revenue

$14.91M+44.5%

SMRTHardware — Cost Of Revenue

$12.58M-9.9%

LIFHardware — Total Cost of Revenue

$8.62M+0.3%

GNSSHardware — Cost Of Revenue

$5.05M+50.4%

BFLYHardware — Cost of revenue (excluding write-downs of inventories and vendor advances)

$6.36M+9.1%

Questions, answered.

What is Stem's hardware revenue — total cost of revenue?

Stem (STEM) reported hardware revenue — total cost of revenue of $6.2M in Q1 2026.

How has Stem's hardware revenue — total cost of revenue changed year-over-year?

Stem's hardware revenue — total cost of revenue decreased by 41.3% year-over-year, from $10.56M to $6.2M.

What is the long-term trend for Stem's hardware revenue — total cost of revenue?

Over 4 years (2021 to 2025), Stem's hardware revenue — total cost of revenue has grown at a -18.3% compound annual growth rate (CAGR), from $97.95M to $43.65M.

What does hardware revenue — total cost of revenue mean?

This metric captures the direct costs associated with procuring, manufacturing, and delivering physical energy storage hardware. It includes expenses such as raw materials, third-party hardware procurement, and logistics. Monitoring this is essential for evaluating the hardware segment's gross margin performance and supply chain efficiency.