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Stem, Inc. engages in the development, deployment, and operation of clean energy assets in the United States and internationally. The company offers OEM energy storage systems, and edge hardware devices and solutions. It also provides PowerTrack, an integrated suite of software and solutions for solar, storage, and hybrid assets, including software, energy management system, supervisory control and data acquisition, power plant controller, logger, and optimizer. In addition, the company offers energy optimization software, asset management software, and advisory services; managed services, including the design, procurement, commissioning, operation, and optimization of energy storage and hybrid systems; and professional services to support solar and storage projects, as well as the sale of project assets. It serves developers, asset owners, engineering, procurement and construction firms, distributors, commercial and industrial customers, utilities, and independent power producers. Stem, Inc. was incorporated in 2009 and is headquartered in Houston, Texas.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 138.30M | -853.68M | -139.98M | -139.22M | -101.21M |
| Net income | 137.76M | -854.01M | -140.41M | -124.05M | -119.50M |
| Selling general administrative | 51.63M | 88.07M | 74.92M | 77.03M | 41.65M |
| Selling and marketing expenses | 28.72M | 37.76M | 51.56M | 48.88M | 19.95M |
| Gross profit | 59.96M | -11.06M | 3.67M | 33.09M | 1.25M |
| Reconciled depreciation | 44.95M | 44.99M | 46.97M | 45.43M | 24.47M |
| Ebit | 162.23M | -834.74M | -125.00M | -131.12M | -83.07M |
| Ebitda | 207.18M | -790.40M | -79.17M | -83.31M | -57.70M |
| Depreciation and amortization | 44.95M | 44.34M | 45.83M | 47.81M | 25.37M |
| Non operating income net other | - | - | - | 2.37M | -0.74M |
| Operating income | -55.69M | -839.46M | -179.31M | -131.12M | -83.07M |
| Other operating expenses | 211.95M | 984.04M | 640.83M | 494.10M | 210.44M |
| Interest expense | 23.93M | 18.29M | 14.98M | 10.47M | 17.39M |
| Tax provision | 0.54M | 0.33M | 0.39M | -15.16M | 0.00M |
| Net interest income | -23.93M | -18.29M | -12.12M | -10.47M | -17.39M |
| Income tax expense | 0.54M | 0.33M | 0.43M | -15.16M | 18.29M |
| Total revenue | 156.27M | 144.58M | 461.51M | 362.98M | 127.37M |
| Total operating expenses | 115.64M | 828.40M | 182.98M | 164.21M | 84.32M |
| Cost of revenue | 96.31M | 155.64M | 457.85M | 329.89M | 126.12M |
| Total other income expense net | 193.99M | -14.23M | 39.33M | -8.09M | -18.14M |
| Net income from continuing ops | 137.76M | -854.01M | -138.00M | -124.05M | -101.21M |
| Net income applicable to common shares | - | - | - | -124.05M | -101.21M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 308.89M | 437.36M | 1356.98M | 1421.89M | 1191.83M |
| Intangible assets | 123.03M | 143.91M | 157.15M | 162.26M | 13.97M |
| Other current assets | 8.18M | 10.04M | 29.79M | 8.03M | 18.64M |
| Total liab | 557.95M | 835.19M | 930.30M | 869.73M | 524.00M |
| Total stockholder equity | -249.44M | -398.37M | 426.20M | 551.63M | 667.83M |
| Deferred long term liab | - | - | - | 11.70M | 8.63M |
| Other current liab | 53.63M | 52.64M | 115.86M | 116.28M | 49.30M |
| Common stock | 0.00M | 0.02M | 0.02M | 0.01M | 0.01M |
| Capital stock | 0.00M | 0.02M | 0.02M | 0.01M | 0.01M |
| Retained earnings | -1488.75M | -1626.51M | -772.49M | -632.08M | -509.05M |
| Other liab | - | - | - | 78.39M | 32.42M |
| Good will | - | 0.00M | 547.21M | 546.65M | 1.74M |
| Other assets | - | - | - | 72.91M | 33.16M |
| Cash | 48.91M | 56.30M | 105.38M | 87.90M | 747.78M |
| Total current liabilities | 110.56M | 128.80M | 251.08M | 267.00M | 87.97M |
| Current deferred revenue | 43.62M | 43.26M | 54.00M | 64.31M | 9.16M |
| Net debt | 276.33M | 485.72M | 431.66M | 372.57M | -417.37M |
| Short term debt | 3.00M | 2.76M | 2.95M | 2.57M | 1.24M |
| Short long term debt total | 325.25M | 542.02M | 537.04M | 460.47M | 330.41M |
| Other stockholder equity | 1239.26M | 1228.04M | 1198.72M | 1185.36M | 1176.85M |
| Property plant equipment | - | - | - | 105.35M | 119.11M |
| Total current assets | 100.09M | 136.62M | 472.96M | 532.75M | 1023.85M |
| Long term investments | 2.27M | 2.25M | 2.09M | 1.97M | 1.92M |
| Net tangible assets | - | - | - | 551.63M | 652.12M |
| Short term investments | - | 0.00M | 8.22M | 162.07M | 173.01M |
| Net receivables | 38.41M | 59.36M | 302.92M | 223.22M | 61.70M |
| Long term debt | 312.39M | 525.92M | 523.63M | 449.51M | 318.23M |
| Inventory | 4.59M | 10.92M | 26.66M | 8.37M | 22.72M |
| Accounts payable | 10.31M | 30.15M | 78.28M | 83.83M | 28.27M |
| Noncontrolling interest in consolidated entity | - | - | - | 0.54M | - |
| Accumulated other comprehensive income | 0.04M | 0.08M | -0.04M | -1.67M | 0.02M |
| Common stock total equity | - | - | - | 0.01M | 0.01M |
| Retained earnings total equity | - | - | - | -632.08M | -509.05M |
| Non currrent assets other | 29.38M | 81.07M | 88.08M | 75.06M | 24.53M |
| Non current assets total | 208.80M | 300.74M | 884.01M | 889.14M | 167.98M |
| Capital lease obligations | 12.86M | 16.09M | 13.40M | 13.54M | 12.18M |
| Long term debt total | - | - | - | 513.38M | 316.54M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.00M | -3.52M | 147.81M | -544.37M | -175.06M |
| Change to liabilities | - | - | - | 115.47M | 18.50M |
| Total cashflows from investing activities | -6.76M | -3.52M | 135.73M | -544.37M | -185.23M |
| Net borrowings | 4.75M | 0.00M | 130.54M | -8.79M | 421.86M |
| Total cash from financing activities | -7.41M | -8.44M | 90.24M | -9.27M | 1027.10M |
| Change to operating activities | - | - | - | -19.32M | -28.03M |
| Net income | 137.76M | -854.01M | -140.41M | -124.05M | -101.21M |
| Change in cash | -7.38M | -48.39M | 18.57M | -659.88M | 740.84M |
| Begin period cash flow | 56.30M | 106.47M | 87.90M | 747.78M | 6.94M |
| End period cash flow | 48.91M | 58.09M | 106.47M | 87.90M | 747.78M |
| Total cash from operating activities | 6.86M | -36.65M | -207.38M | -106.03M | -101.27M |
| Depreciation | 44.95M | 44.99M | 46.27M | 45.43M | 24.47M |
| Other cashflows from investing activities | -6.60M | -11.55M | -14.01M | -549.78M | -5.97M |
| Change to inventory | 6.33M | 2.77M | -18.29M | 18.61M | -1.88M |
| Change to account receivables | 17.73M | 133.06M | -80.89M | -155.82M | -48.12M |
| Sale purchase of stock | - | - | - | 1.82M | 698.85M |
| Other cashflows from financing activities | - | 0.06M | -40.31M | -0.24M | 1068.54M |
| Change to netincome | - | - | - | 35.10M | 34.78M |
| Capital expenditures | 6.60M | 11.77M | 18.24M | 20.87M | 10.17M |
| Change receivables | - | - | - | -155.82M | -48.12M |
| Cash flows other operating | - | - | - | -42.79M | -41.98M |
| Cash and cash equivalents changes | - | - | - | -659.67M | 740.60M |
| Change in working capital | 30.37M | 59.77M | -117.55M | -52.26M | -59.54M |
| Stock based compensation | 10.22M | 18.47M | 45.11M | 28.66M | 13.55M |
| Other non cash items | -216.43M | 694.14M | -40.46M | 11.29M | 10.72M |
| Free cash flow | 6.86M | -48.42M | -225.61M | -126.90M | -111.44M |
Sector: Utilities Industry: Utilities - Renewable
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| STEM Stem Inc |
0.19 7.54% |
2.71 | - | - | 0.30 | 0.63 | 2.27 | 159.30 |
| DNNGY Orsted A/S ADR |
0.02 0.27% |
7.32 | 83.60 | 25.45 | 0.46 | 1.47 | 3.58 | 11.21 |
| OEZVY Verbund AG ADR |
- -% |
15.38 | 10.72 | 13.53 | 2.57 | 3.06 | 2.51 | 6.50 |
| FOJCF Fortum Oyj |
- -% |
26.74 | 26.44 | 18.35 | 4.62 | 2.14 | 4.15 | 15.15 |
| AXICY AXIA Energia SA |
-0.25 2.86% |
8.50 | 10.18 | 20.75 | 0.55 | 1.00 | 3.90 | 16.47 |
Stem, Inc. engages in the development, deployment, and operation of clean energy assets in the United States and internationally. The company offers OEM energy storage systems, and edge hardware devices and solutions. It also provides PowerTrack, an integrated suite of software and solutions for solar, storage, and hybrid assets, including software, energy management system, supervisory control and data acquisition, power plant controller, logger, and optimizer. In addition, the company offers energy optimization software, asset management software, and advisory services; managed services, including the design, procurement, commissioning, operation, and optimization of energy storage and hybrid systems; and professional services to support solar and storage projects, as well as the sale of project assets. It serves developers, asset owners, engineering, procurement and construction firms, distributors, commercial and industrial customers, utilities, and independent power producers. Stem, Inc. was incorporated in 2009 and is headquartered in Houston, Texas.
| Name | Title | Year Born |
|---|---|---|
| Mr. John E. Carrington | CEO & Director | 1967 |
| Mr. William J. Bush CPA | Chief Financial Officer | 1965 |
| Mr. Larsh M. Johnson | Chief Technical Officer | 1958 |
| Mr. Brian Thompson | Founder | NA |
| Mr. Michael J. Carlson | Chief Operating Officer | NA |
| Mr. Rahul Shukla | Chief Accounting Officer | 1983 |
| Mr. Theodore J. Durbin | Head of Investor Relations | NA |
| Mr. Saul R. Laureles | Chief Legal Officer & Corp. Sec. | 1966 |
| Mr. Matt Tappin | VP of Corp. Devel. | NA |
| Kim Homenock | Chief People Officer | NA |
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