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Stem STEM Business Segments — Total Cost of Revenue

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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+26.0%
Enterprise value$42.58M+72.6%
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:CostOfRevenue.

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 business segments — total cost of revenue?
Stem (STEM) reported business segments — total cost of revenue of $18.14M in Q1 2026.
How has Stem's business segments — total cost of revenue changed year-over-year?
Stem's business segments — total cost of revenue decreased by 17.4% year-over-year, from $21.97M to $18.14M.
What is the long-term trend for Stem's business segments — total cost of revenue?
Over 3 years (2022 to 2025), Stem's business segments — total cost of revenue has grown at a -33.7% compound annual growth rate (CAGR), from $329.89M to $96.31M.
What does business segments — total cost of revenue mean?
Includes all direct costs associated with the production, procurement, and delivery of energy storage hardware and software services. This metric is essential for evaluating the direct profitability of the segment's core offerings and the efficiency of the supply chain.