What is Stem's unbilled revenue?

Stem (STEM) reported unbilled revenue of $2.5M in Q1 2026.

How has Stem's unbilled revenue changed year-over-year?

Stem's unbilled revenue decreased by 67.5% year-over-year, from $7.7M to $2.5M.

What is the long-term trend for Stem's unbilled revenue?

Over 2 years (2023 to 2025), Stem's unbilled revenue has grown at a -87.1% compound annual growth rate (CAGR), from $161.3M to $2.7M.

Stem STEM Unbilled Revenue

Unbilled Revenue at other companies

Nextpower Inc. NXT

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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 / equity0×0.0×

Current ratio0.8×-0.1×

Where this comes from

Reported directly by Stem in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

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 unbilled revenue?: Stem (STEM) reported unbilled revenue of $2.5M in Q1 2026.
How has Stem's unbilled revenue changed year-over-year?: Stem's unbilled revenue decreased by 67.5% year-over-year, from $7.7M to $2.5M.
What is the long-term trend for Stem's unbilled revenue?: Over 2 years (2023 to 2025), Stem's unbilled revenue has grown at a -87.1% compound annual growth rate (CAGR), from $161.3M to $2.7M.