Stem, Inc. revenue by segment STEM

Stem, Inc. splits its revenue into 9 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Edge Hardware at $53.7 million, 34% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
Revenue
148
156
145
462
363
127
Hardware
—
—
—
—
311
+190.8%
share 85.6%
107
share 83.9%
Partnership Hardware And Service
—
—
—
—
—
107
share 84.1%
Edge Hardware
56
+16.2%
share 38.1%
54
+18.3%
share 34.4%
45
+17.2%
share 31.4%
39
share 8.4%
—
—
Services
—
—
—
—
52
+154.8%
share 14.4%
20
share 16.1%
Power Track Software
40
+12.9%
share 27.1%
38
+14.7%
share 24.1%
33
+14.2%
share 22.7%
29
share 6.2%
—
—
Managed Services
27
-4.1%
share 18.1%
30
+29.2%
share 19.3%
23
-7.7%
share 16.2%
25
share 5.5%
—
—
Host Customer Service
—
—
—
—
—
20
share 15.9%
Project And Professional Services And Other
20
+50.1%
share 13.3%
20
+71.1%
share 12.7%
12
+37.0%
share 8.0%
8
share 1.8%
—
—
Battery Hardware Resale
5
-83.3%
share 3.5%
15
-52.7%
share 9.5%
31
-91.3%
share 21.7%
360
share 78.0%
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Services-Computer Integrated Systems Design (SIC 7373)
Listed as
STEM (NYSE)
Fiscal year ends
December 31
Headquarters
Houston, TX
SEC filer status
Non-accelerated filer, Smaller reporting company
SEC CIK
1758766
Former names
Star Peak Energy Transition Corp. (until Apr 30, 2021); Star Peak Energy Acquisition Corp. (until Nov 21, 2018)

Other Services-Computer Integrated Systems Design companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.