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Stem, Inc. announced its fourth quarter and full year 2025 financial results, reporting full year revenue of $156.3 million and achieving its first-ever positive annual Adjusted EBITDA of $6.7 million. The company also introduced full year 2026 guidance, targeting Adjusted EBITDA of $10 to $15 million and year-end ARR of $65 to $70 million.
Event Type
Disclosure
Mandatory
Variant
8-K
, “Results of Operations and Financial Condition.” Item 9.01. Financial Statements and Exhibits. (d) Exhibits The exhibit listed below is furnished pursuant to
by reference. In accordance with General Instruction B.2. of Form 8-K, the information will not be deemed “filed” for purposes of Section 18 of the Exchange Act
of this Form 8-K. Exhibit No. Description 99 Fourth Quarter and Full Year 2025 Earnings Release 104 Cover Page Interactive Data File (embedded within the Inline
| Metric | Value | Basis |
|---|---|---|
| Revenue | $47.20 | |
| Revenue | $156.30 | |
| GAAP Gross Profit | $23.20 | GAAP |
| GAAP Gross Profit | $60.00 | GAAP |
| GAAP Gross Margin | 49% | GAAP |
| GAAP Gross Margin | 38% | GAAP |
| Non-GAAP Gross Profit | $20.90 | Non-GAAP |
| Non-GAAP Gross Profit | $72.30 | Non-GAAP |
| Non-GAAP Gross Margin | 45% | Non-GAAP |
| Non-GAAP Gross Margin | 46% | Non-GAAP |
| Net Loss | $-16.00 | GAAP |
| Net Income | $137.80 | GAAP |
| Adjusted EBITDA | $5.50 | Non-GAAP |
| Adjusted EBITDA | $6.70 | Non-GAAP |