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AI brief of an SEC Form 8-K · STEM, INC. (STEM)

Stem Q2 revenue falls 12% to $33.7 million; company reaffirms 2026 guidance

Mixed Impact 3 of 5 earnings Written later

Stem, Inc. reported results for the quarter ended June 30, 2026, with revenue down 12% year over year to $33.7 million and a net loss of $14.4 million, compared with net income of $202.5 million a year earlier that included a one-time gain on debt extinguishment. Adjusted EBITDA rose 63% to $6.2 million, and the company reaffirmed its full-year 2026 guidance across all metrics.

Key points

  • Revenue was $33.7 million, down from $38.4 million in Q2 2025, due to significantly reduced battery hardware resales and lower managed services revenue.
  • Software, services, and edge hardware revenue rose 1% to $33.4 million, with PowerTrack software revenue up 11% year over year.
  • Net loss was $14.4 million versus net income of $202.5 million in Q2 2025; the prior-year quarter included a one-time gain on extinguishment of debt.
  • Full-year 2026 guidance was reaffirmed, including revenue of $140 million to $190 million and adjusted EBITDA of $10 million to $15 million.

The filing

CompanySTEM, INC. (STEM)
Form8-K, current report
Filed with the SECAug 12, 2026, 4:30 PM ET
Accession number0001758766-26-000078

Items reported: 2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.