STEM · XBRL financial data

Stem financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (STEM's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	134	167*	25	34	29	56*	33	38	38	47*	29	34
Cost of revenue	154	156*	50	25	23	58*	22	26	25	24*	18	20
Gross profit	(20)	11*	(24)	9	6	(2)*	11	13	14	23*	11	14
Research and development	14	14*	14	15	11	11*	11	10	7	7*	7	6
General and administrative	22	16*	19	16	27	26*	14	9	13	17*	9	8
Total operating expenses	48	45*	44	589	151	45*	32	26	26	31*	25	22
Operating income (loss)	(68)	(34)*	(68)	(580)	(144)	(47)*	(21)	(13)	(13)	(8)*	(14)	(8)
Interest expense	4	5*	5	5	5	4*	4	4	7	8*	7	8
Other income (expense)	1	1*	1	1	1	0*	0	0	0	(0)*	0	0
Income tax expense (benefit)	(0)	0*	0	0	0	(0)*	0	0	(0)	0*	0	0
Net income (loss)	(77)	—	—	—	—	—	—	—	—	—	—	—
Earnings per share, basic‡ USD per share	(9.80)	—	(9.20)	(71.80)	(18.20)	—	(3.00)	24.31	(2.84)	—	(2.22)	(1.58)
Earnings per share, diluted‡ USD per share	(9.80)	—	(9.20)	(71.80)	(18.20)	—	(3.00)	(1.79)	(2.84)	—	(2.22)	(1.58)
Weighted average shares, basic‡ millions of shares	8	8*	8	8	8	8*	8	8	8	8*	9	9
Weighted average shares, diluted‡ millions of shares	8	8*	8	8	8	8*	8	8	8	9*	9	9

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (June 2025); filings made before it reported them unadjusted.

Fiscal quarters (STEM's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	97	105	113	90	75	56	59	41	43	49	37	38
Short-term investments	28	8	—	—	—	—	—	—	—	—	—	—
Marketable securities	28	8	0	0	0	0	—	—	—	—	—	—
Accounts receivable	289	303	240	206	93	59	35	43	36	38	33	33
Inventory	66	27	24	—	—	—	—	—	—	—	—	—
Total current assets	511	473	406	360	228	137	111	99	94	100	85	89
Property and equipment, net	81	74	71	68	64	59	56	51	48	44	36	34
Right-of-use asset	13	12	11	11	12	13	12	11	10	10	11	11
Goodwill	547	547	547	0	0	0	—	—	—	0	—	2
Total assets	1,399	1,357	1,285	692	538	437	405	379	363	309	282	280
Accounts payable	85	78	62	63	47	30	20	11	11	10	7	14
Accrued liabilities	61	77	78	63	58	26	28	30	30	27	26	22
Total current liabilities	269	251	237	217	207	129	120	112	114	111	101	108
Lease liability, non-current	11	10	10	12	13	13	13	12	11	10	11	10
Total liabilities	945	930	913	894	881	835	822	593	598	558	548	550
Accumulated deficit	(735)	(772)	(845)	(1,427)	(1,575)	(1,627)	(1,652)	(1,449)	(1,473)	(1,489)	(1,508)	(1,522)
Total stockholders' equity	453	426	372	(203)	(344)	(398)	(417)	(214)	(236)	(249)	(266)	(270)
Total liabilities and equity	1,399	1,357	1,285	692	538	437	405	379	363	309	282	280
Common shares outstanding (cover page)‡ millions of shares	8	8	8	8	8	8	8	8	8	9	9	10

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (June 2025); filings made before it reported them unadjusted.

Fiscal quarters (STEM's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(77)	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	11*	17*	8	7*	7*	(3)*	4	1*	2*	2*	2	1*
Depreciation and amortization	11*	13*	11	11*	11*	12*	11	11*	11*	12*	10	11*
Net cash from operating activities	(4)*	(2)*	(1)	(12)*	(9)*	(15)*	9	(21)*	11*	8*	(8)	0*
Net cash from investing activities	32*	15*	5	(3)*	(2)*	(3)*	(4)	(1)*	(1)*	(1)*	(1)	(1)*
Net cash from financing activities	(5)*	(5)*	3	(7)*	(3)*	(1)*	(3)	5*	(8)*	(1)*	(3)	3*
Net change in cash	23*	8*	7	(22)*	(14)*	(19)*	2	(18)*	2*	6*	(12)	2*

SIC 7373 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7373 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Stem	38	34	0.3*	9.6M	—	Q2 FY26 10-QJun 30, 2026
Duos Technologies Group	112	6.2	13*	31.5M	—	Q2 FY26 10-QJun 30, 2026
Rego Payment Architectures	0.1	0	(1.5)*	136.7M	0.1 quarters	Q2 FY26 10-QJun 30, 2026
Upland Software	31	49	5.4*	3.0M	—	Q2 FY26 10-QJun 30, 2026
Dirtt Environmental Solutions	15	40	0.9	194.3M	—	Q2 FY26 10-QJun 30, 2026
Marketwise	33	76	22*	not reported	—	Q2 FY26 10-QJun 30, 2026
Veritone	12	24	(11)*	100.5M	1.2 quarters	Q2 FY26 10-QJun 30, 2026
BioScience Health Innovations	0.7	1	(0.5)*	11.8M	1.3 quarters	Q2 FY26 10-QJun 30, 2026
Smartbird	37	not reported	not reported	not reported	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.