For the year ending 2025-12-31, STEM had -$7,384K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Revenue | 156,266 |
| Cost of revenue | 96,310 |
| Compensation expense excluding stock-based compensation | 52,304 |
| Stock-based compensation | 10,216 |
| Depreciation and amortization | 17,775 |
| Gain on extinguishment of debt | 220,047 |
| Other segment expenses, net | 61,411 |
| Provision for income taxes | 536 |
| Net income (loss) | 137,761 |
| Depreciation and amortization expense | 44,947 |
| Non-cash interest expense, including interest expenses associated with debt issuance costs | 1,540 |
| Stock-based compensation | 10,216 |
| Change in fair value of derivative liability | 0 |
| Change in fair value of warrant liability | 3,222 |
| Non-cash lease expense | 2,652 |
| Accretion of asset retirement obligations | 237 |
| Impairment of inventory | 0 |
| Impairment of deferred costs with suppliers | 0 |
| Impairment of energy storage systems | 2,020 |
| Loss on disposal of property and equipment | -842 |
| Impairment of project assets | 1,654 |
| Impairment of right-of-use assets | 1,357 |
| Impairment of parent company guarantees | 0 |
| Impairment of goodwill | 0 |
| Impairment of deferred services | 0 |
| Impairment of other assets | 25,088 |
| Write-off of accrued expenses and other liabilities | 38,318 |
| Net accretion of discount on investments | 0 |
| Income tax benefit from release of valuation allowance | 0 |
| Provision for credit losses on accounts receivable | 3,046 |
| Net loss on investments | 0 |
| Gain on extinguishment of debt | 220,047 |
| Other | -276 |
| Accounts receivable | -17,729 |
| Inventory | -6,333 |
| Deferred costs with suppliers | -522 |
| Other assets | -9,393 |
| Contract origination costs, net | 1,490 |
| Project assets | -14,762 |
| Accounts payable | -19,850 |
| Accrued expense and other liabilities | 7,447 |
| Deferred revenue | -280 |
| Operating lease liabilities, net | -4,198 |
| Net cash provided by (used in) operating activities | 6,861 |
| Acquisitions, net of cash acquired | 0 |
| Purchase of available-for-sale investments | 0 |
| Proceeds from maturities of available-for-sale investments | 0 |
| Proceeds from sales of available-for-sale investments | 0 |
| Purchase of energy storage systems | 0 |
| Capital expenditures on internally-developed software | 6,602 |
| Distribution from equity method investment | 0 |
| Purchase of property and equipment | 0 |
| Net cash (used in) provided by investing activities | -6,602 |
| Proceeds from exercise of stock options | 0 |
| Repayment of financing obligations | 12,159 |
| Proceeds from issuance of convertible notes, net of issuance costs of 0, 0 and 7,601 for the years ended december31, 2025, 2024 and 2023, respectively | 0 |
| Repayment of convertible notes | 0 |
| Proceeds from issuance of senior secured notes, net of issuance costs of 5,246, 0 and 0 for the years ended december31, 2025, 2024 and 2023, respectively | 4,754 |
| Purchase of capped call options | 0 |
| (redemption of) investment from non-controlling interests | -158 |
| Repayment of notes payable | 0 |
| Net cash (used in) provided by financing activities | -7,563 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -80 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -7,384 |
| Cash, cash equivalents and restricted cash, beginning of year | 58,085 |
| Cash, cash equivalents and restricted cash, end of period | 50,701 |
STEM, INC. (STEM)
STEM, INC. (STEM)