Stem, Inc.
STEMUSStem, Inc. operates internationally as a prominent provider of intelligent, digitally interconnected energy storage networks. The company delivers energy storage systems, which it sources from original equipment manufacturers (OEMs). Central to its offering is Athena, a proprietary artificial intelligence platform designed to integrate battery hardware with advanced software-enabled services, thereby optimizing the operation of these energy storage systems. Stem also extends its expertise through a wide array of support services, including system design and engineering, supply chain management, maximization of energy storage value streams, administration of warranties and preventive maintenance programs, operational reporting, and assistance with program enrollment and incentive management. Its diverse clientele encompasses commercial and industrial businesses, independent power producers, developers of renewable energy projects, and utility companies alongside grid operators. Stem, Inc. was founded in 2009 and maintains its corporate headquarters in San Francisco, California.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Industrial, Aerospace & Defense
- Sub-sector
- Electrical Equipment & Power Systems
- Listing
- STEM
- Country
- US
EV / LTM Revenue
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 185% | 27% | -69% | 8% | -1% | 19% |
| Revenue | $127M | $363M | $462M | $145M | $156M | $154M | $184M |
| Gross Profit | $1M | $33M | $6M | ($11M) | $55M | — | — |
| Gross Profit Margin | 1.0% | 9.1% | 1.3% | -7.6% | 35.3% | — | — |
| EBITDA | ($59M) | ($88M) | ($85M) | ($790M) | $211M | ($28M) | ($33M) |
| EBITDA Margin | -46.1% | -24.1% | -18.3% | -546.6% | 134.9% | -18.2% | -18.2% |
| EBIT | ($83M) | ($131M) | ($179M) | ($839M) | ($60M) | ($40M) | ($47M) |
| Net Income | ($101M) | ($124M) | ($140M) | ($854M) | $138M | ($57M) | ($49M) |
| Free Cash Flow | ($107M) | ($114M) | ($222M) | ($40M) | $5M | — | — |
| FCF Margin | -83.8% | -31.3% | -48.1% | -27.4% | 3.1% | — | — |
| Short-Term Debt | $15M | $0M | $15M | $17M | $0M | — | — |
| Long-Term Debt | $318M | $450M | $524M | $526M | $312M | — | — |
| Cash & Cash Equivalents | $748M | $88M | $105M | $56M | $49M | — | — |
| Net Debt | ($414M) | $362M | $433M | $486M | $263M | — | — |
| Net Debt / EBITDA | — | — | — | — | 1.2x | — | — |
| Rule of 40 | — | 153.7% | -20.9% | -96.0% | 11.2% | — | — |