Loading STEM…
Loading financial statements…
Import this data to Google Sheets with:
=jivedata("STEM","financials")Full statements spill as a table. For one cell: =jivedata("STEM","Revenue") or =jivedata("STEM","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.
STEM • CIK 0001758766
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Gross Profit | $3,665 | $-11,058 | $59,956 | $61,364 |
| Operating Income (Loss) | $-179,314 | $-839,456 | $-55,688 | $-43,082 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $-139,980 | $-853,682 | $138,297 | $-72,950 |
| Income Tax Expense (Benefit) | $433 | $332 | $536 | $128 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-140,413 | $-854,014 | $137,761 | $-73,078 |
| Net Income (Loss) Available to Common Stockholders, Diluted | $-140,413 | $-854,014 | $-77,975 | $-73,078 |
| Weighted Average Number of Shares Outstanding, Basic | 155,583,957 | 161,442,542 | 8,338,759 | 8,890,767 |
| Weighted Average Number of Shares Outstanding, Diluted | 155,583,957 | 161,442,542 | 8,489,879 | 8,890,767 |
| Revenue from Contract with Customer, Excluding Assessed Tax | $461,515 | $144,584 | $156,266 | $148,034 |
| Cost of Revenue | $457,850 | $155,642 | $96,310 | $86,670 |
| Selling and Marketing Expense | $51,556 | $37,759 | $28,717 | $28,629 |
| Research and Development Expense | $56,508 | $51,282 | $35,295 | $27,008 |
| General and Administrative Expense | $74,915 | $88,071 | $51,632 | $46,039 |
| Goodwill, Impairment Loss | — | $547,152 | $0 | $0 |
| Operating Expenses | $182,979 | $828,398 | $115,644 | $104,446 |
| InterestExpenseNonoperating | — | $18,293 | $23,933 | $30,440 |
| Gain (Loss) on Extinguishment of Debt | $59,121 | $0 | $220,047 | $0 |
| Derivative, Gain (Loss) on Derivative, Net | — | $1,477 | $0 | $0 |
| Fair Value Adjustment of Warrants | $0 | — | $3,222 | $308 |
| Other Nonoperating Income (Expense) | $2,921 | $2,590 | $1,093 | $880 |
| Nonoperating Income (Expense) | $39,334 | $-14,226 | $193,985 | $-29,868 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | $105,375 | $56,299 | $48,915 | $38,415 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $302,848 | $59,316 | $38,353 | $33,222 |
| Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent | $74,418 | $58,820 | $43,925 | $33,990 |
| Inventory, Gross | $26,665 | $10,920 | $4,587 | $6,122 |
| Capitalized Contract Cost, Net, Noncurrent | $11,119 | $9,681 | $7,466 | $6,121 |
| Other Assets, Current | $9,303 | $9,458 | $8,236 | $10,339 |
| Intangible Assets, Net (Excluding Goodwill) | $157,146 | $143,912 | $123,028 | $113,045 |
| Assets, Current | $472,965 | $136,617 | $100,091 | $89,327 |
| Operating Lease, Right-of-Use Asset | $12,255 | $12,574 | $9,571 | $10,598 |
| Other Assets, Noncurrent | $81,869 | $75,755 | $24,806 | $24,229 |
| Assets | $1,356,977 | $437,359 | $308,887 | $279,773 |
| Contract with Customer, Liability, Noncurrent | $88,650 | $85,900 | $85,251 | $81,634 |
| Asset Retirement Obligations, Noncurrent | $4,052 | $4,203 | $4,349 | $4,385 |
| Convertible Debt, Noncurrent | $523,633 | $525,922 | $183,594 | $184,007 |
| Senior Notes, Noncurrent | — | — | $128,796 | $135,212 |
| Loans Payable, Noncurrent | $52,010 | $41,627 | $29,590 | $24,010 |
| Derivative Liability, Noncurrent | — | — | $5,121 | $2,207 |
| Operating Lease, Liability, Noncurrent | $10,455 | $13,336 | $9,860 | $10,070 |
| Other Liabilities, Noncurrent | $416 | $35,404 | $820 | $729 |
| Liabilities | $930,296 | $835,192 | $557,946 | $549,770 |
| Accounts Payable, Current | $78,277 | $30,147 | $10,310 | $14,468 |
| Accrued Liabilities, Current | $76,873 | $25,770 | $26,875 | $21,796 |
| Employee-related Liabilities, Current | $14,372 | $6,678 | $9,131 | $5,552 |
| Loans Payable, Current | $14,835 | $16,521 | $13,792 | $13,151 |
| Contract with Customer, Liability, Current | $53,997 | $43,255 | $43,625 | $44,381 |
| Other Liabilities, Current | $12,726 | $6,429 | $6,832 | $8,168 |
| Liabilities, Current | $251,080 | $128,800 | $110,565 | $107,516 |
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 |
| Common Stock, Value, Issued | $16 | $16 | $1 | $1 |
| Additional Paid in Capital | $1,198,716 | $1,228,042 | $1,239,263 | $1,252,624 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $-42 | $76 | $41 | $-141 |
| Retained Earnings (Accumulated Deficit) | $-772,494 | $-1,626,508 | $-1,488,747 | $-1,522,055 |
| Stockholders' Equity Attributable to Parent | $426,196 | $-398,374 | $-249,442 | $-269,571 |
| Stockholders' Equity Attributable to Noncontrolling Interest | $485 | $541 | $383 | $-426 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $426,681 | $-397,833 | $-249,059 | $-269,997 |
| Accounts Receivable, Allowance for Credit Loss, Current | $4,904 | $9,499 | $3,893 | $2,717 |
| Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Preferred Stock, Shares Issued | 0 | 0 | 0 | 0 |
| Common Stock, Shares Authorized | 500,000,000 | 500,000,000 | 250,000,000 | 250,000,000 |
| Common Stock, Shares, Issued | 155,932,880 | 162,797,684 | 8,489,540 | 9,607,873 |
| Unbilled Receivables, Current | $190,230 | $7,795 | $2,650 | $2,600 |
| Accounts Receivable, before Allowance for Credit Loss, Current | $113,262 | $54,821 | $36,896 | $36,896 |
| Other Receivables, Net, Current | $7 | $8 | $9 | $9 |
| Inventory, Work in Process, Gross | $23,074 | $7,069 | $94 | $94 |
| Inventory, Raw Materials, Gross | $2,961 | $3,430 | $3,835 | $3,835 |
| Inventory, Finished Goods, Gross | $629 | $421 | $658 | $658 |
| Increase (Decrease) in Finished Goods and Work in Process Inventories | — | $-14,700 | $-14,700 | $-14,700 |
| Deferred Costs, Current | $20,555 | $624 | $102 | $102 |
| Prepaid Expense, Current | $5,971 | $5,769 | $4,712 | $4,712 |
| Deposits Assets, Current | $153 | $67 | $119 | $119 |
| Equity Method Investments | $2,094 | $2,249 | $2,274 | $2,274 |
| Property, Plant and Equipment, Other, Net | $2,813 | $2,113 | $615 | $615 |
| Restricted Cash | $1,100 | $1,786 | $1,786 | $1,786 |
| Other Assets, Miscellaneous, Noncurrent | $4,669 | $4,375 | $3,280 | $3,280 |
| Depreciation, Nonproduction | $700 | $900 | $600 | $600 |
| Interest Payable, Current | $2,674 | $2,674 | — | $2,674 |
| Other Accrued Liabilities, Current | $6,656 | $8,615 | $11,893 | $11,893 |
| Operating Lease, Liability, Current | $2,950 | $2,758 | $2,997 | $2,997 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-140,413 | $-854,014 | $137,761 | $-73,078 |
| Net Cash Provided by (Used in) Operating Activities | $-207,377 | $-36,650 | $6,861 | $11,628 |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $-16 | $215 | $-80 | $-396 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $18,572 | $-48,390 | $-7,384 | $-2,375 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $106,475 | $58,085 | $50,701 | $28,703 |
| Depreciation, Depletion and Amortization | $46,275 | $44,988 | $44,947 | $44,623 |
| Payments to Acquire Businesses, Net of Cash Acquired | $1,847 | $0 | $0 | $0 |
| Amortization of Debt Issuance Costs and Discounts | $2,602 | $2,087 | $1,540 | $2,067 |
| Payments to Acquire Debt Securities, Available-for-sale | $60,002 | $0 | $0 | $0 |
| Share-based Payment Arrangement, Noncash Expense | $45,109 | $18,471 | $10,216 | $8,005 |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $141,810 | $8,250 | $0 | $0 |
| Derivative, Gain (Loss) on Derivative, Net | — | $1,477 | $0 | $0 |
| Proceeds from Sale of Debt Securities, Available-for-sale | $73,917 | $0 | $0 | $0 |
| Fair Value Adjustment of Warrants | $0 | — | $3,222 | $308 |
| Payments to Acquire Machinery and Equipment | $2,634 | $275 | $0 | $-7 |
| Operating Lease, Right-of-Use Asset, Amortization Expense | $2,928 | $3,023 | $2,652 | $2,609 |
| Payments to Develop Software | $14,097 | $11,275 | $6,602 | $4,531 |
| Accretion Expense, Including Asset Retirement Obligations | $234 | $236 | $237 | $241 |
| Inventory Write-down | — | $14,673 | $0 | $0 |
| Payments to Acquire Other Property, Plant, and Equipment | $1,505 | $217 | $0 | $-48 |
| Net Cash Provided by (Used in) Investing Activities | $135,727 | $-3,517 | $-6,602 | $-4,483 |
| Impairment of Long-Lived Assets Held-for-use | $4,683 | $836 | $2,020 | $710 |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $0 | $-842 | $-730 |
| Impairment of Ongoing Project | $176 | $887 | $1,654 | $692 |
| Operating Lease, Impairment Loss | — | $2,096 | $1,357 | $1,357 |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | — | $104,134 | $0 | $0 |
| Goodwill, Impairment Loss | — | $547,152 | $0 | $0 |
| Other Asset Impairment Charges | $0 | — | $25,088 | $25,088 |
| Accretion (Amortization) of Discounts and Premiums, Investments | $1,755 | $29 | $0 | $0 |
| Income Tax Credits and Adjustments | $-335 | $0 | $0 | $0 |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1,447 | $3,978 | $3,046 | $1,516 |
| Unrealized Gain (Loss) on Investments | $-1,561 | $0 | $0 | $0 |
| Gain (Loss) on Extinguishment of Debt | $59,121 | $0 | $220,047 | $0 |
| Other Noncash Income (Expense) | $949 | $251 | $-276 | $-207 |
| Proceeds from Stock Options Exercised | $276 | $0 | $0 | $0 |
| Repayments of Other Long-term Debt | $12,686 | $8,494 | $12,159 | $8,505 |
| Proceeds from Convertible Debt | $232,399 | $0 | $0 | $0 |
| Repayments of Convertible Debt | $99,754 | $0 | $0 | $0 |
| Proceeds from Issuance of Secured Debt | — | — | $4,754 | $-5,246 |
| Proceeds from (Payments to) Noncontrolling Interests | $-56 | $56 | $-158 | $-1,004 |
| Repayments of Notes Payable | $2,101 | $0 | $0 | $0 |
| Net Cash Provided by (Used in) Financing Activities | $90,238 | $-8,438 | $-7,563 | $-9,124 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $14,588 | $16,198 | $14,571 | $23,526 |
| Income Taxes Paid | $235 | $680 | $481 | $481 |
| Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | $2,782 | $5,485 | $961 | $961 |
| Notes Issued | — | — | $121,954 | $121,954 |
| Cash and Cash Equivalents, at Carrying Value | $105,375 | $56,299 | $48,915 | $26,917 |
| Restricted Cash and Cash Equivalents | $1,100 | $1,786 | $1,786 | $1,786 |
| Increase (Decrease) in Accounts Receivable | $80,887 | $-133,057 | $-17,729 | $-8,071 |
| Increase (Decrease) in Inventories | $18,291 | $-2,766 | $-6,333 | $1,523 |
| Increase (Decrease) in Other Operating Assets | $18,036 | $-6,537 | $-9,393 | $-6,281 |
| Increase (Decrease) in Accounts Payable | $-5,241 | $-48,146 | $-19,850 | $2,960 |
| Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | $-15,762 | $-20,293 | $7,447 | $5,282 |
| Increase (Decrease) in Contract with Customer, Liability | $4,573 | $-6,878 | $-280 | $-348 |
| IncreaseDecreaseInOperatingLeaseLiability | $-2,912 | $-2,795 | $-4,198 | $-4,640 |