STEM, INC. Income Statement
STEM|5 years of annual SEC 10-K data (FY2021-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 5 fiscal years. All figures from audited SEC 10-K filings.
STEM, INC. reported $462M in revenue and $140M in net loss for FY2025. Revenue has grown at a 126.4% compound annual rate over the past 4 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $461.5M | $363.0M | $127.4M | $36.3M | $17.6M |
| Cost of Revenue | $457.9M | $329.9M | $126.1M | $40.2M | $20.8M |
| Gross Profit | $3.7M | $33.1M | $1.2M | -$3.9M | -$3.3M |
| SG&A Expense | $74.9M | $77.0M | $41.6M | $14.7M | $12.4M |
| R&D Expense | $56.5M | $38.3M | $22.7M | $15.9M | $14.7M |
| Operating Income | -$179.3M | -$131.1M | -$83.1M | -$49.4M | -$47.9M |
| Interest Expense | - | - | $17.4M | $20.8M | $12.5M |
| Income Tax | $433.0K | -$15.2M | $0 | $5.0K | $6.0K |
| Net Income | -$140.4M | -$124.1M | -$101.2M | -$156.1M | -$59.4M |
| EPS (Basic) | -$18.05 | -$0.81 | -$0.96 | -$4.13 | -$1.51 |
| EPS (Diluted) | -$18.05 | -$0.81 | -$0.96 | -$4.13 | -$1.51 |
| Shares Outstanding | 8.1M | 155.9M | 154.5M | 144.7M | 40.2M |
| Gross Margin | 0.8% | 9.1% | 1.0% | -10.8% | -18.6% |
| Operating Margin | -38.9% | -36.1% | -65.2% | -136.0% | -272.6% |
| Profit Margin | -30.4% | -34.2% | -79.5% | -430.0% | -338.5% |