For the quarter ending 2026-03-31, STEM had -$12,329K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 29,000 | 47,143 | 109,123 | - |
| Cost of revenue | 18,141 | 24,105 | 72,205 | - |
| Compensation expense, excluding stock-based compensation | 10,269 | 10,643 | 41,661 | - |
| Stock-based compensation | 2,047 | 2,287 | 7,929 | - |
| Depreciation and amortization | 3,335 | 5,017 | 12,758 | - |
| Gain on extinguishment of debt | - | 0 | 220,047 | - |
| Other segment expenses, net | 14,021 | 20,926 | 40,485 | - |
| Provision for income taxes | 112 | 144 | 392 | - |
| Net loss | -18,925 | -15,979 | 153,740 | - |
| Depreciation and amortization expense | 10,481 | 11,847 | 10,858 | 22,242 |
| Non-cash interest expense, including interest expenses associated with debt issuance costs | 383 | 789 | 541 | 210 |
| Stock-based compensation | 2,047 | 2,287 | 2,217 | 5,712 |
| Change in fair value of derivative liability | - | 0 | 0 | - |
| Change in fair value of warrant liability | -2,411 | -968 | 4,190 | - |
| Non-cash lease expense | 625 | 594 | 696 | 1,362 |
| Accretion of asset retirement obligations | 57 | 59 | 59 | 119 |
| Impairment of inventory | - | 0 | - | - |
| Impairment of deferred costs with suppliers | - | 0 | - | - |
| Impairment loss of energy storage systems | 33 | 607 | 0 | 1,413 |
| Gain on disposal and abandonment of property, plant and equipment | 39 | 0 | -842 | - |
| Impairment loss of project assets | 4 | 524 | 164 | 966 |
| Impairment of right-of-use assets | - | 0 | 1,357 | 0 |
| Impairment of parent company guarantees | - | 0 | 0 | - |
| Impairment of goodwill | - | 0 | 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 | 0 | 0 |
| Income tax benefit from release of valuation allowance | - | 0 | - | - |
| Impairment of assets held for sale | 3,315 | - | - | - |
| Provision for credit losses on accounts receivable | 0 | 3,046 | - | - |
| Provision for (recovery of) credit losses on accounts receivable | - | - | 505 | 1,547 |
| Net loss on investments | - | 0 | - | - |
| Gain on extinguishment of debt | - | 0 | 220,047 | - |
| Other | -37 | -285 | 62 | -53 |
| Accounts receivable | -5,008 | 3,635 | -6,592 | -14,772 |
| Inventory | 1,111 | -578 | 566 | -6,321 |
| Deferred costs with suppliers | - | -522 | - | - |
| Other assets | -171 | -6,805 | -873 | -1,715 |
| Contract origination costs, net | 241 | 537 | 380 | 573 |
| Project assets | 4 | -16,836 | -128 | 2,202 |
| Accounts payable | -3,265 | -679 | -444 | -18,727 |
| Accrued expenses and other liabilities | -629 | 1,420 | 7,201 | -1,174 |
| Deferred revenue | -3,063 | -45 | 2,558 | -2,793 |
| Lease liabilities | -790 | -858 | -2,151 | -1,189 |
| Net cash (used in) provided by operating activities | -8,317 | 8,216 | 11,387 | -12,742 |
| Acquisitions, net of cash acquired | - | 0 | - | - |
| Purchase of available-for-sale investments | - | 0 | - | - |
| Proceeds from maturities of available-for-sale investments | - | 0 | 0 | 0 |
| Proceeds from sales of available-for-sale investments | - | 0 | - | - |
| Purchase of energy storage systems | 0 | 0 | - | - |
| Capital expenditures on internally-developed software | 1,346 | 927 | 1,049 | 4,626 |
| Distribution from equity method investment | - | 0 | - | - |
| Purchase of property and equipment | - | 0 | -48 | 48 |
| Net cash used in investing activities | -1,346 | -927 | -1,001 | -4,674 |
| Proceeds from exercise of stock options | - | 0 | - | - |
| Repayment of financing obligations | 2,805 | 1,286 | 2,518 | 8,355 |
| 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 | - | 0 | -5,246 | 10,000 |
| Purchase of capped call options | - | 0 | - | - |
| (redemption of) investment from non-controlling interests | - | -195 | 0 | 37 |
| Repayment of notes payable | - | 0 | - | - |
| Net cash used in financing activities | -2,805 | -1,481 | -7,764 | 1,682 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 139 | -14 | -291 | 225 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -12,329 | 5,794 | 2,331 | -15,509 |
| Cash, cash equivalents and restricted cash, beginning of year | 50,701 | 44,907 | 58,085 | - |
| Cash, cash equivalents and restricted cash, end of period | 38,372 | 50,701 | 44,907 | - |
STEM, INC. (STEM)
STEM, INC. (STEM)