Jun 2026 (Q2 FY26) — Aug 12, 2026
Stem, Inc. Q2 FY26 — Continued Adjusted EBITDA Profitability and International Expansion
Read the full callStem (STEM) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Stem earnings: last reported Wed, 12 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 33.7 | −12.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -22.8 | +12.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Price
$3.41 −2.01% · −$0.07
Performance −85.6% 1Y
1Y: $23.66 on 17 Oct 2025 → $3.41. High $24.59 (20 Oct 2025), low $3.41 (19 Oct 2026).
- Previous close
- $3.48
- 52-week range
- $3.41 – $24.59
- One year
- −86.13%
Overview
- Symbol
- STEM
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Stem earnings calls (STEM)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 29 | 56 | 33 | 38 | 38 | 47 | 29 | 34 |
| Operating profit | -144 | -47 | -21 | -13 | -13 | -8 | -14 | -8 |
| Operating margin | −493.2% | −84.5% | −65.0% | −34.8% | −33.6% | −17.7% | −49.0% | −22.8% |
| Other income | -4 | -4 | -4 | 216 | -11 | -7 | -5 | -7 |
| Interest | 5 | 4 | 4 | 4 | 7 | 8 | 7 | 8 |
| Profit before tax | -148 | -51 | -25 | 203 | -24 | -16 | -19 | -14 |
| Tax rate | −0.1% | 0.0% | −0.2% | 0.2% | 0.6% | −0.9% | −0.6% | −0.1% |
| EPS ($ per share) | -18.24 | — | -3.05 | 24.31 | -2.84 | — | -2.22 | -1.58 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -0 | -408 | -509 | -632 | -772 | -1,627 | -1,489 |
| Total liabilities | 0 | 383 | 524 | 870 | 930 | 835 | 558 |
| Fixed assets | — | 124 | 106 | 91 | 74 | 59 | 44 |
| Investments | — | — | 173 | 162 | 8 | — | — |
| Total assets | 0 | 206 | 1,192 | 1,422 | 1,357 | 437 | 309 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -30 | -34 | -101 | -106 | -207 | -37 | 7 |
| Cash from investing | -46 | -12 | -185 | -544 | 136 | -4 | -7 |
| Cash from financing | 67 | 40 | 1,027 | -9 | 90 | -8 | -8 |
| Net cash flow | -9 | -6 | 741 | -660 | 19 | -48 | -7 |
| Capital expenditure | -0 | -0 | -1 | -1 | -2 | -0 | 0 |
| Free cash flow | -30 | -34 | -102 | -108 | -209 | -37 | 7 |
Insider filings
54 filings between Nov 7, 2025 and Sep 29, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$389.5K
17 sales by 6 insiders
6% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 1
- Award — granted as compensation
- 29
- Option exercise — converted options into shares
- 7
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Tappin Matthew | — | $198.0K | Jul 2, 2026 |
| Narayanan Arun | — | $72.9K | Jul 2, 2026 |
| Shukla Rahul | — | $59.6K | Nov 18, 2025 |
| Carlson Michael James | — | $34.4K | Sep 29, 2026 |
| Laureles Saul R. | — | $18.6K | Jul 2, 2026 |
| Musfeldt Brian | — | $6.1K | Jul 20, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 29, 2026 | Carlson Michael James President, Managed Services | Sale | 146 | $682 |
| Sep 26, 2026 | Carlson Michael James President, Managed Services | Option exercise | 305 | $1.4K |
| Aug 7, 2026 | Daley Adam Director | Option exercise | 7,486 | — |
| Aug 7, 2026 | Guruswamy Vasudevan Director | Option exercise | 7,486 | — |
| Aug 7, 2026 | TYSON LAURA D Director | Award | 7,486 | — |
| Aug 7, 2026 | Shivram Krishna Director | Option exercise | 7,486 | — |
| Aug 7, 2026 | BUZBY DAVID S Director | Option exercise | 7,486 | — |
| Aug 7, 2026 | Birns Ira M Director | Option exercise | 7,486 | — |
| Aug 7, 2026 | Tammineedi Anil Director | Option exercise | 7,486 | — |
| Jul 20, 2026 | Musfeldt Brian Chief Financial Officer | Sale | 996 | $6.1K |
| Jul 17, 2026 | Musfeldt Brian Chief Financial Officer | Option exercise | 3,375 | $21.1K |
| Jul 2, 2026 | Laureles Saul R. Chief Legal Officer | Sale | 675 | $5.3K |
| Jul 2, 2026 | Narayanan Arun Chief Executive Officer | Sale | 1,996 | $15.7K |
| Jul 2, 2026 | Tappin Matthew President, Software Products | Sale | 996 | $7.8K |
| Jul 2, 2026 | Carlson Michael James President, Managed Services | Sale | 1,347 | $10.6K |
| Jun 30, 2026 | Carlson Michael James President, Managed Services | Option exercise | 2,750 | $21.5K |
| Jun 30, 2026 | Laureles Saul R. Chief Legal Officer | Option exercise | 5,000 | $39.0K |
| Jun 30, 2026 | Laureles Saul R. Chief Legal Officer | Option exercise | 2,750 | $21.5K |
| Jun 30, 2026 | Carlson Michael James President, Managed Services | Option exercise | 5,000 | $39.0K |
| Jun 30, 2026 | Tappin Matthew President, Software Products | Option exercise | 5,000 | $39.0K |
| Jun 30, 2026 | Tappin Matthew President, Software Products | Option exercise | 2,750 | $21.5K |
| Jun 30, 2026 | Narayanan Arun Chief Executive Officer | Option exercise | 8,125 | $63.5K |
| Mar 11, 2026 | Tappin Matthew President, Software Products | Sale 10b5-1 plan | 402 | $4.4K |
| Mar 10, 2026 | Laureles Saul R. Chief Legal Officer | Sale | 942 | $10.5K |
| Mar 10, 2026 | Carlson Michael James President, Managed Services | Sale | 2,079 | $23.1K |
| Mar 10, 2026 | Narayanan Arun Chief Executive Officer | Sale | 5,145 | $57.2K |
| Mar 10, 2026 | Tappin Matthew President, Software Products | Sale | 655 | $7.3K |
| Mar 7, 2026 | Narayanan Arun Chief Executive Officer | Option exercise | 5,625 | — |
| Mar 7, 2026 | Laureles Saul R. Chief Legal Officer | Option exercise | 2,916 | — |
| Mar 7, 2026 | Carlson Michael James President, Managed Services | Option exercise | 3,541 | — |
| Mar 7, 2026 | Tappin Matthew President, Software Products | Option exercise | 1,458 | — |
| Mar 7, 2026 | Narayanan Arun Chief Executive Officer | Option exercise | 12,500 | — |
| Mar 4, 2026 | Tappin Matthew President, Software Products | Sale | 185 | $1.9K |
| Mar 3, 2026 | Laureles Saul R. Chief Legal Officer | Sale | 292 | $2.8K |
| Mar 3, 2026 | Tappin Matthew President, Software Products | Sale | 300 | $2.9K |
| Mar 1, 2026 | Laureles Saul R. Chief Legal Officer | Option exercise | 904 | — |
| Mar 1, 2026 | Tappin Matthew President, Software Products | Option exercise | 670 | — |
| Feb 20, 2026 | Tappin Matthew President, Software Products | Sale | 366 | $4.2K |
| Feb 19, 2026 | Tappin Matthew President, Software Products | Tax withheld | 522 | $5.9K |
| Feb 19, 2026 | Carlson Michael James President, Managed Services | Tax withheld | 730 | $8.2K |
| Feb 19, 2026 | Laureles Saul R. Chief Legal Officer | Tax withheld | 536 | $6.1K |
| Feb 15, 2026 | Tappin Matthew President, Software Products | Option exercise | 1,253 | — |
| Feb 15, 2026 | Laureles Saul R. Chief Legal Officer | Option exercise | 1,790 | — |
| Feb 15, 2026 | Carlson Michael James President, Managed Services | Option exercise | 1,342 | — |
| Nov 18, 2025 | Shukla Rahul Chief Accounting Officer | Sale | 3,674 | $59.6K |
| Nov 11, 2025 | Tappin Matthew President, Software Products | Sale | 9,584 | $169.6K |
| Nov 10, 2025 | Laureles Saul R. Chief Legal Officer | Tax withheld | 3,379 | $61.7K |
| Nov 10, 2025 | Shukla Rahul Chief Accounting Officer | Tax withheld | 2,076 | $37.9K |
| Nov 10, 2025 | Carlson Michael James President, Managed Services | Tax withheld | 6,743 | $123.2K |
| Nov 10, 2025 | Tappin Matthew President, Software Products | Tax withheld | 5,416 | $99.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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