STEM · XBRL financial data

Stem financial statements, every fiscal year

The same tables from 9 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 years (STEM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	36	127	363	462	145	156
Cost of revenue	40	126	330	458	156	96
Gross profit	(4)	1	33	4	(11)	60
Research and development	16	23	38	57	51	35
General and administrative	3	42	77	75	88	52
Total operating expenses	4	84	164	183	828	116
Operating income (loss)	(4)	(83)	(131)	(179)	(839)	(56)
Interest expense	21	17	10	15	18	24
Other income (expense)	(1)	1	2	3	3	1
Income tax expense (benefit)	0	0	(15)	0	0	1
Net income (loss)	(113)	(101)	(124)	—	—	—
Earnings per share, basic‡ USD per share	(82.60)	(19.20)	(16.20)	(18.00)	(105.80)	16.52
Earnings per share, diluted‡ USD per share	(82.60)	(19.20)	(16.20)	(18.00)	(105.80)	(9.18)
Weighted average shares, basic‡ millions of shares	2	5	8	8	8	8
Weighted average shares, diluted‡ millions of shares	2	5	8	8	8	8

‡ 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 years (STEM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1	748	88	105	56	49
Short-term investments	—	173	162	8	—	—
Marketable securities	0	173	162	8	0	—
Marketable securities, non-current	—	0	—	—	—	—
Accounts receivable	14	62	223	303	59	38
Inventory	21	23	8	27	—	—
Total current assets	2	1,024	533	473	137	100
Property and equipment, net	124	106	91	74	59	44
Right-of-use asset	0	13	12	12	13	10
Goodwill	2	2	547	547	0	0
Total assets	385	1,192	1,422	1,357	437	309
Accounts payable	0	28	84	78	30	10
Accrued liabilities	2	26	85	77	26	27
Total current liabilities	3	88	267	251	129	111
Lease liability, non-current	0	12	11	10	13	10
Total liabilities	138	524	870	930	835	558
Accumulated deficit	(113)	(509)	(632)	(772)	(1,627)	(1,489)
Total stockholders' equity	5	668	552	426	(398)	(249)
Total liabilities and equity	385	1,192	1,422	1,357	437	309
Common shares outstanding (cover page)‡ millions of shares	0	8	8	8	8	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 years (STEM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(113)	(101)	(124)	—	—	—
Stock-based compensation	5	14	29	45	18	10
Depreciation and amortization	18	24	45	46	45	45
Net cash from operating activities	(2)	(101)	(106)	(207)	(37)	7
Net cash from investing activities	(384)	(185)	(544)	136	(4)	(7)
Proceeds from issuing common stock	11	—	—	—	—	—
Net cash from financing activities	386	1,027	(9)	90	(8)	(8)
Net change in cash	1	741	(660)	19	(48)	(7)

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.