---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-23-000007"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:38:46.325589+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stem reports record FY2022 revenue of $363M, up 186%; guides to positive adjusted EBITDA in 2H 2023

## Summary
- Q4 revenue $156M (+194% YoY); full year revenue $363M (+186% YoY).
- GAAP gross margin 8% in Q4 (up from (3)%); non-GAAP 11%; full year GAAP 9% (up from 1%).
- Record Q4 bookings $458M (+111% YoY); contracted backlog $969M (+116% YoY).
- Net loss $124M in 2022 vs $101M in 2021; adjusted EBITDA $(46)M vs $(30)M.
- Introducing FY2023 guidance; reaffirm positive adjusted EBITDA target for 2H 2023; new EV charging partnership with ChargePoint.

## SEC filing metadata
- accession: 0001758766-23-000007
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1758766/000175876623000007/0001758766-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876623000007/stem-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-23-000007
- JSON: https://secwatch.observer/filing/0001758766-23-000007.json
- Plain text: https://secwatch.observer/filing/0001758766-23-000007.txt

## Key facts
- Earnings Releases
  STEM, INC. reported the fourth quarter and full year 2022 results: revenue $155.5 million, net income Net loss of $35.3 million. Guidance initiated.
  - Period: the fourth quarter and full year 2022
  - Revenue: $155.5 million
  - Net income: Net loss of $35.3 million
  - Guidance: initiated
  - Result: reported results
  source text: offering with ChargePoint partnership Fourth Quarter and Full Year 2022 Financial and Operating Highlights Financial Highlights – Fourth Quarter 2022 • Record Revenue of $156 million, up from $53 million (+194%) in Q4 2021 and sequentially up 56% versus Q3 2022 revenue of $100 million • GAAP Gross Margin of 8%, up from (3)% in Q4 2021 • Non-GAAP Gross Margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876623000007/0001758766-23-000007-index.htm

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