Company / R&D Expense
STEM, INC. R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$56.5M
FY2025
5-year range
$14.7M / $56.5M
FY2021-FY2025
Trend
+47.5%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has increased for 4 consecutive years, from $15M in FY2021 to $57M in FY2025.
Based on SEC 10-K filings.
$57M in FY2025 with a 3-year CAGR of +52.5%.
Improved from $23M to $57M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +52.5%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- STEM, INC.'s r&d expense has grown for 4 consecutive years.
- 3-year CAGR of +52.5%, indicating consistent growth.
- In FY2025, r&d expense increased 47.5% year-over-year.
- Lowest r&d expense 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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $56.5M | +47.5% |
| FY2024 | $38.3M | +68.6% |
| FY2023 | $22.7M | +42.5% |
| FY2022 | $15.9M | +8.4% |
| FY2021 | $14.7M | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026