Stem, Inc. revenue by segment STEM

Annual Quarterly

Stem, Inc. splits its revenue into 7 lines in its filings. The largest line in Q2 of fiscal 2026, the quarter ended Jun 30, 2026 was Edge Hardware at $14.8 million, 44% of the total.

USD in millions. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Jun 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024	Q3 FY2024 Sep 30, 2024
Revenue	148	34	29	47	38	38	33	56	29
Power Track Software Edge Hardware And Project And Professional Services Other	—	—	—	—	—	—	21 share 64.4%	—	—
Edge Hardware	56 +16.2% share 38.1%	15 +22.0% share 43.8%	10 +0.6% share 35.6%	16 +21.3% share 33.6%	16 +17.8% share 40.7%	12 share 31.5%	10 share 31.6%	13 share 23.4%	13 share 45.1%
Power Track Software	40 +12.9% share 27.1%	11 +10.7% share 31.3%	10 share 35.4%	10 +14.4% share 20.9%	9 +10.5% share 24.5%	10 share 24.8%	—	9 share 15.5%	8 share 29.0%
Hardware	—	—	10 share 35.6%	—	—	—	—	—	—
Managed Services	27 -4.1% share 18.1%	6 -34.5% share 17.5%	7 -5.2% share 23.0%	8 +51.2% share 16.1%	7 -3.6% share 17.1%	9 share 23.5%	7 share 21.7%	5 share 9.0%	7 share 23.2%
Project And Professional Services And Other	20 +50.1% share 13.3%	2 -6.4% share 6.5%	2 -5.3% share 5.9%	13 +539.9% share 28.1%	2 -63.9% share 6.5%	2 share 6.1%	2 share 5.6%	2 share 3.7%	7 share 23.4%
Battery Hardware Resale	5 -83.3% share 3.5%	0 -94.7% share 0.8%	—	1 -97.8% share 1.3%	4 +170.5% share 11.2%	5 share 14.2%	5 share 13.9%	27 share 48.5%	-6 share -20.7%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. 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)

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