Stem Inc (STEM)
NYSEUtilitiesRenewable UtilitiesSnapshot 2026-11-04
$2.88+21.52%
Close 2026-11-04 · 1-day change
NYSEUtilitiesRenewable UtilitiesSnapshot 2026-11-04
QuarterlyIQ Insights · STEM
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Alongside this sustained commercial progress, we are continuing to execute with discipline, delivering our fifth consecutive quarter of positive adjusted EBITDA and record non-GAAP gross margins.
Stated in 2 of 2 supplied quarters. Management reported: “Adjusted EBITDA was $6.2 million, up 63% compared to $3.8 million in the second quarter of 2025.” “Non-GAAP gross profit was $18.4 million, or 55%, versus $18.7 million, or 49%, in the second quarter of 2025.”
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated weak grew net income 56% of the time over the next year (vs 67% for the rest of the cohort, n=1121).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Alongside this sustained commercial progress, we are continuing to execute with discipline, delivering our fifth consecutive quarter of positive adjusted EBITDA and record non-GAAP gross margins.”
““We delivered record non-GAAP gross margins of 52% and our fourth consecutive quarter of positive adjusted EBITDA, driven by continued software revenue growth and the lasting benefits of the efficien…”
Financial Highlights • Revenue of $33.7 million, down 12% from $38.4 million in 2Q25 • Software, services, and edge hardware revenue of $33.4 million, up 1% from $32.9 million in 2Q25 • GAAP gross pr…
Stated in 2 of 2 supplied quarters. Management reported: “Revenue from software, services, and edge hardware was $33.4 million for the second quarter of 2026, up 1% from $32.9 million for the second quarter of 2025, driven by 11% year-over-year growth in PowerTrack software revenue, partially offset by lower managed services revenue.” “PowerTrack ARR increased 3% sequentially to $42.8 million in the second quarter of 2026 from $41.7 million at the end of the first quarter of 2026.”
“Financial Highlights • Revenue of $33.7 million, down 12% from $38.4 million in 2Q25 • Software, services, and edge hardware revenue of $33.4 million, up 1% from $32.9 million in 2Q25 • GAAP gross pr…”
“Document Exhibit 99 Stem Announces First Quarter 2026 Results PowerTrack TM software revenue up 16% YoY Software, services, and edge hardware revenue up 4% YoY to $29M Achieved fourth consecutive qua…”
Contracted backlog was $27.1 million at the end of the second quarter of 2026, up 18% from $23.0 million at the end of the first quarter of 2026.
Stated in 2 of 2 supplied quarters. Management reported: “Contracted backlog was $27.1 million at the end of the second quarter of 2026, up 18% from $23.0 million at the end of the first quarter of 2026.” “ARR increased 2% to $62.4 million at the end of the second quarter of 2026 from $61.2 million at the end of the first quarter of 2026.”
“Contracted backlog was $27.1 million at the end of the second quarter of 2026, up 18% from $23.0 million at the end of the first quarter of 2026.”
“Contracted backlog was $23.0 million at the end of the first quarter of 2026 compared to $21.3 million at the end of the fourth quarter of 2025.”
Maintain the 2026 outlook across revenue, gross margin, adjusted EBITDA, operating cash flow, and year-end ARR.
Grow PowerTrack software revenue and extend international market presence, including new projects in Latin America and Europe.
Over the trailing year it converted 0.02x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
20 material management or governance events in the past 24 months, led by executive changes. Historically, Utilities names rated neutral grew net income 63% of the time over the next year (vs 65% for the rest of the cohort, n=1366).
Not investment advice. As of 2026-11-04.