---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-22-000184"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:36:19.376819+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stem Q3 revenue $99.5M (record, +150% YoY); net loss $34.3M; reaffirms FY2022 guidance

## Summary
- Record Q3 revenue $99.5M, above high end of guidance, up 150% YoY from $39.8M.
- GAAP net loss $34.3M vs net income $115.6M in Q3 2021; Adjusted EBITDA -$12.5M vs -$6.5M.
- Contracted backlog $817M (+162% YoY); bookings $223M (+115%); 12-month pipeline $7.2B.
- Reaffirms FY2022 guidance; raises low end of bookings; expects Non-GAAP gross margin toward lower end.

## SEC filing metadata
- accession: 0001758766-22-000184
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000175876622000184/0001758766-22-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876622000184/stem-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-22-000184
- JSON: https://secwatch.observer/filing/0001758766-22-000184.json
- Plain text: https://secwatch.observer/filing/0001758766-22-000184.txt

## Key facts
- Earnings Releases
  STEM, INC. reported the three months ended September 30, 2022 results: revenue $99.5, net income $(34.3). Guidance reaffirmed.
  - Period: the three months ended September 30, 2022
  - Revenue: $99.5
  - Net income: $(34.3)
  - Guidance: reaffirmed
  - Result: reported results
  source text: unless otherwise noted ): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in millions) (in millions) Key Financial Results Revenue $ 99.5 $ 39.8 $ 207.5 $ 74.6 GAAP Gross Margin $ 9.1 $ 3.1 $ 20.5 $ 2.9 GAAP Gross Margin (%) 9 % 8 % 10 % 4 % Non-GAAP Gross Margin* $ 12.4 $ 5.2 $ 30.3 $ 8.7 Non-GAAP Gross Margin (%)*
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876622000184/0001758766-22-000184-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.