---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-23-000112"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:56:19.433867+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stem Q2 revenue $93M (+39% YoY), net income $19.1M vs loss year ago

## Summary
- Revenue $93.0M, up 39% YoY; GAAP gross margin 13% vs 12% prior year.
- Net income of $19.1M vs net loss of $32.0M in Q2 2022; adjusted EBITDA -$9.5M.
- Record contracted backlog $1.36B, up 88% YoY; CARR $74.9M, +30% YoY.
- Bookings $236.4M, +5% YoY; contracted storage AUM 3.8 GWh, +9% sequentially.
- Full-year 2023 guidance reaffirmed; expect positive adjusted EBITDA in H2 2023.

## SEC filing metadata
- accession: 0001758766-23-000112
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2023-08-03T23:59:59+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/1758766/000175876623000112/0001758766-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876623000112/stem-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-23-000112
- JSON: https://secwatch.observer/filing/0001758766-23-000112.json
- Plain text: https://secwatch.observer/filing/0001758766-23-000112.txt

## Key facts
- Earnings Releases
  STEM, INC. reported the three months ended June 30, 2023 results: revenue $93.0, net income $19.1. Guidance reaffirmed.
  - Period: the three months ended June 30, 2023
  - Revenue: $93.0
  - Net income: $19.1
  - Guidance: reaffirmed
  - Result: reported results
  source text: Results and Operating Metrics (in $ millions unless otherwise noted ): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Key Financial Results Revenue $ 93.0 $ 66.9 $ 160.4 $ 108.0 GAAP Gross Profit $ 11.9 $ 7.7 $ 12.9 $ 11.4 GAAP Gross Margin (%) 13 % 12 % 8 % 11 % Non-GAAP Gross Profit* $ 16.4 $ 11.3 $ 31.5 $ 17.9 Non-GAAP Gross
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876623000112/0001758766-23-000112-index.htm
- Earnings Releases
  STEM, INC. reported the quarter ended June 30, 2023 results: revenue Revenue of $93.0 million, net income Net income of $19.1 million. Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Revenue: Revenue of $93.0 million
  - Net income: Net income of $19.1 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Act”), except as expressly set forth by specific reference in such a filing. --- EX-99 (EX-99) --- Stem Announces Second Quarter 2023 Results Strong Second Quarter Revenue of $93 million , Above Midpoint of Guidance Range Ameresco (313 MWh) and Hungary (304 MW) Projects Highlight FTM Momentum Technology Leadership Further Recognized by Third-Party Awards Reaffirm
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876623000112/0001758766-23-000112-index.htm

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