NYSE$STEM

Stem Inc. · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Stem reported Q1 2026 with $29M revenue, net loss of $18.9M, and diluted loss per share of $2.22.

For the period ended 2026-03-31, Stem reported $29M revenue. Total revenue $29.0M vs $32.5M prior year. Net loss $(18.9)M; loss per share $(2.22) improved from $(3.05). Battery storage and Athena software platform deployments. No numeric guidance in 10-Q; discusses project pipeline, IRA incentives, and software attach.

  • Total revenue $29.0M vs $32.5M prior year.
  • Net loss $(18.9)M; loss per share $(2.22) improved from $(3.05).
  • Battery storage and Athena software platform deployments.

Headline financials

Total Revenue

$29M

Previous: $32.5M-10.8%
EPS (adj)

-$2.22

Previous: -$0.15-1380.0%
Capital Expenditures

$0.00

Previous: -$7K+100.0%
Net Income

-$18.9M

Previous: -$25M+24.3%
Operating Income

-$14.2M

Previous: -$21.1M+32.8%
Gross Profit

$10.9M

Previous: $10.5M+3.0%

Revenue & EPS history

Stem · Revenue · Quarterly

$29M

Q1 2026-10.8%vs Q1 2025
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

No numeric guidance in 10-Q; discusses project pipeline, IRA incentives, and software attach.

Tailwinds

  • Loss per share narrowed YoY.
  • Focus on higher-margin software and services mix.
  • Energy storage demand supported by policy tailwinds.

Headwinds

  • Revenue declined modestly.
  • Still deeply loss-making.
  • Project financing and supply chain risks.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-2.0%

Avg return

Earnings day

-4.6%

Avg return

5 days after

+2.4%

Avg return

30 days after

52%

13 / 25 earnings

Positive

+30.3%

Q1 2025

Best reaction

-40.5%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.1%-14.6%-28.0%
Q4 2025+21.2%+8.1%-13.8%
Q3 2025-28.0%-23.5%-25.1%
Q1 2025+30.3%+21.2%+17.8%
Q4 2024+13.1%-13.0%-24.6%
Q3 2024-30.2%-22.4%-27.5%
Q2 2024-40.5%-41.8%-53.9%
Q1 2024-26.5%-30.3%-28.1%
Q4 2023+4.7%-1.6%-14.5%
Q3 2023+10.9%+5.1%-0.3%
Q2 2023+6.1%+4.1%-21.3%
Q1 2023+11.5%+6.0%+36.1%
Q4 2022-19.0%-20.5%-36.5%
Q3 2022+1.5%-1.1%-0.3%
Q2 2022+23.9%+25.7%+21.5%
Q1 2022+6.5%-15.9%+6.8%
Q4 2021-10.2%-4.9%+11.0%
Q3 2021-0.7%-0.2%-20.7%
Q2 2020-14.5%-20.1%-20.9%
Q2 2021-14.5%-20.1%-20.9%
Q1 2021+6.9%+22.5%+77.1%
Q1 2020+6.9%+22.5%+77.1%
Q4 2020-12.0%-5.2%-3.8%
Q3 2020+0.0%+2.6%+76.9%
Q4 2019+0.0%+2.6%+76.9%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q2 2015
Q1 2015
Q4 2014

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