Stem achieved its first-ever full year of positive Adjusted EBITDA in 2025, driven by a strategic shift toward a software-centric model. While Q4 revenue declined year-over-year due to reduced battery hardware sales, the company saw significant growth in high-margin software and services revenue and achieved positive operating cash flow for the quarter.

Stem delivered a strong third quarter in 2025, with revenue increasing 31% year-over-year to $38.2 million and achieving its second consecutive quarter of positive adjusted EBITDA of $2.0 million. The company's software-focused strategy is evidenced by a 17% year-over-year growth in ARR to $60.2 million and strong gross margin performance, leading to refined and de-risked full-year guidance.

Stem delivered a strong second quarter in 2025, with revenue increasing by 13% year-over-year to $38.4 million and achieving positive adjusted EBITDA of $3.8 million. The company also significantly strengthened its balance sheet by reducing outstanding debt by $195 million and extended debt maturities to 2030. ARR increased by 3% sequentially to $58.5 million, demonstrating continued execution of its software-focused strategy.

Stem, Inc. announced its first quarter 2025 financial results, highlighting a 27% year-over-year increase in revenue to $32.5 million and a significant improvement in GAAP gross profit to $10.5 million from a loss in the prior year. The company achieved positive operating cash flow for the first time in its history and reduced its net loss. Stem also reaffirmed its full year 2025 guidance across all metrics.

Stem's Q4 2024 revenue fell 67% year-over-year to $55.8 million due to reduced battery hardware sales and the company's shift toward a software-focused strategy. Net loss widened to $51.1 million from $37.7 million in Q4 2023. Adjusted EBITDA declined slightly to $4.2 million. The company reported a 40% increase in bookings, reaching $357.6 million.

Stem reported a decrease in revenue to $29.3 million, down from $133.7 million in 3Q23, primarily due to reduced battery hardware sales and revised negotiated valuations of assets under certain hardware price guarantees. Despite the revenue decline, the company saw growth in software and services revenue and an increase in GAAP gross margin to 21%. The company is implementing a new strategy focused on software and services to drive more predictable and scalable growth. They are adjusting full year 2024 guidance for several key metrics.

Stem's Q2 2024 revenue was $34.0 million, a 63% decrease year-over-year, primarily due to project timeline extensions. The company reported a net loss of $582.3 million, driven by a one-time non-cash impairment of goodwill. Despite the revenue decline, GAAP gross margin improved to 28%, and the company is revising its full year 2024 guidance.

Stem's first quarter 2024 results showed a revenue decrease to $25.5 million due to a $33 million non-cash adjustment, but the company achieved a record non-GAAP gross margin and improved adjusted EBITDA year-over-year. They are accelerating the conversion of CARR-to-ARR and reaffirming full-year guidance for adjusted EBITDA and operating cash flow.

Stem announced positive adjusted EBITDA in Q4 2023 and expects to generate at least $50 million of operating cash flow in 2024. Q4 revenue increased by 8% year-over-year to $167.4 million. The company also announced its first PowerBidder Pro contract with Mercuria, a leading energy trader.

Stem reported a strong third quarter with record bookings of $676.4 million, a significant increase in contracted backlog to $1.84 billion, and growth in contracted storage and solar monitoring AUM. Revenue increased to $133.7 million, but was impacted by a $37.4 million reduction. The company is optimistic about achieving adjusted EBITDA positive in 2024 and highlighted a major technology and commercial alliance with SB Energy.

Stem, Inc. reported a strong second quarter with revenue of $93 million, a 39% increase year-over-year. The company reaffirmed its full-year 2023 financial and operating guidance, expecting positive adjusted EBITDA in the second half of the year. Key highlights include a 5% sequential increase in CARR, reaching $74.9 million, and bookings of $236.4 million, up 5% year-over-year.

Stem reported a strong first quarter with record revenue of $67 million, exceeding the high end of its guidance range. The company saw significant growth in software services and reaffirmed its full-year 2023 financial and operating guidance. Key highlights include a 141% increase in bookings and a 120% increase in contracted backlog compared to Q1 2022.

Stem reported record Q4 2022 revenue of $156 million, a 194% increase year-over-year. The company also reported record bookings of $458 million and a contracted backlog of $969 million. They are introducing full-year 2023 guidance and reaffirm plan to achieve positive adjusted EBITDA in 2H’2023.

Stem, Inc. announced record revenue of $100 million for Q3 2022, a 150% increase from Q3 2021. The company reaffirmed its full-year 2022 financial and operating guidance. Key metrics including contracted backlog and bookings more than doubled compared to the same quarter last year.

Stem, Inc. reported Q2 2022 revenue of $67 million, a 246% increase year-over-year. The company's contracted backlog nearly tripled compared to the previous year, driven by $226 million in bookings. Stem is raising its full-year 2022 bookings and CARR guidance while reiterating its full-year revenue and adjusted EBITDA guidance.

Stem's Q1 2022 revenue increased by 166% to $41.1 million compared to Q1 2021. The company reaffirmed its full-year 2022 guidance and saw significant growth in bookings, contracted backlog, AUM, and CARR.

Stem, Inc. reported a strong quarter with record revenues, backlog, pipeline, and AUM, driven by the Athena platform. The company's contracted backlog grew sequentially, driven by record bookings. Full-year 2021 revenues and bookings increased significantly, bolstering the contracted backlog and providing strong momentum into 2022.

Stem, Inc. reported a record quarter with significant growth in revenue, gross margin, backlog, pipeline, and AUM. Revenue reached $39.8 million, a 334% increase year-over-year, and the company achieved a GAAP gross margin of 8%. Bookings were up 183% year-over-year, and contracted backlog increased by 25% sequentially.

Stem, Inc. reported a strong second quarter in 2021, with revenue reaching $19.3 million, a 339% increase compared to the same quarter last year. The company ended the quarter with $474 million in cash and zero debt.