Stem, Inc. (STEM) Stock

About Stem, Inc.

Stem, Inc. operates internationally as a prominent provider of intelligent, digitally interconnected energy storage networks. The company delivers energy storage systems, which it sources from original equipment manufacturers (OEMs). Central to its offering is Athena, a proprietary artificial intelligence platform designed to integrate battery hardware with advanced software-enabled services, thereby optimizing the operation of these energy storage systems. Stem also extends its expertise through a wide array of support services, including system design and engineering, supply chain management, maximization of energy storage value streams, administration of warranties and preventive maintenance programs, operational reporting, and assistance with program enrollment and incentive management. Its diverse clientele encompasses commercial and industrial businesses, independent power producers, developers of renewable energy projects, and utility companies alongside grid operators. Stem, Inc. was founded in 2009 and maintains its corporate headquarters in San Francisco, California.

Stem, Inc. is led by CEO Arun Narayanan, employs 569 people, headquartered in US, publicly traded since 2020.

Stem, Inc. (STEM) stock trades at $3.01 with a market capitalization of $28.98M. The stock is valued at a negative price-to-earnings (P/E) ratio of -0.42, reflecting a net loss over the last twelve months, a negative price-to-book of -0.12, reflecting negative shareholders' equity, price-to-sales of 0.22. Over the past 52 weeks the stock has ranged between $2.99 and $25.18, and currently trades 88.0% below its 52-week high.

On profitability, Stem, Inc. generates a return on equity (ROE) of 28.62% (not meaningful, as shareholders' equity is negative), return on capital employed of -25.87%, an operating margin of -32.89%, a net profit margin of -49.37%.

Official website: www.stem.com

Stem, Inc. by the numbers, 2018–2025

Between 2018 and 2025 Stem, Inc. reported revenue of $7.0M rising to $156.0M, a change of +2128.6% across 8 years. Compounded, revenue has grown 34.1% a year over five years, -24.5% over three, 7.6% over the last twelve months. Net profit was $138.0M in 2025.

Operating margin went from -0.1% in 2018 to -35.6% in 2025, a fall of 35.5 percentage points. The most recent net margin is -49.37%. On a trailing twelve-month basis to Jun '26, revenue is $148.0M and net profit $-73.0M.

Borrowings stand at $325.0M, cash from operations was $7.0M in the latest year, positive in 1 of the last 8.

Return on equity has averaged 17.7% over five years, and was -55.4% in the most recent year.

The share price itself has compounded at -58.3% a year over five years, -59.3% over three, -11.7% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Stem, Inc. (STEM) — frequently asked questions