Company / Cost of Revenue
STEM, INC. Cost of Revenue History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$457.9M
FY2025
5-year range
$20.8M / $457.9M
FY2021-FY2025
Trend
+38.8%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Cost of Revenue has increased for 4 consecutive years, from $21M in FY2021 to $458M in FY2025.
Based on SEC 10-K filings.
$458M in FY2025 with a 3-year CAGR of +125.0%.
Increased from $126M to $458M over the past 2 years.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +125.0%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- STEM, INC.'s cost of revenue has grown for 4 consecutive years.
- 3-year CAGR of +125.0%, indicating consistent growth.
- In FY2025, cost of revenue increased 38.8% year-over-year.
- Lowest cost of revenue in the period was in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -0.52 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $457.9M | +38.8% |
| FY2024 | $329.9M | +161.6% |
| FY2023 | $126.1M | +213.6% |
| FY2022 | $40.2M | +93.2% |
| FY2021 | $20.8M | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026