---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-24-000174"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:24:56.110775+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Stem Q3 revenue falls 78% to $29.3M; net loss $148.3M; revises FY2024 guidance

## Summary
- Revenue $29.3M (down 78% YoY); GAAP gross margin 21% (vs -15% YoY) on shift to software/services.
- Net loss $148.3M (vs $77.1M) includes $104.1M bad debt expense from customer receivable impairment.
- Non-GAAP gross margin record 46% (up from 12%); Adjusted EBITDA -$3.5M (vs -$0.9M).
- Bookings $29.1M (vs $676.4M); Contracted backlog $1.5B (-17% YoY); CARR $92.3M (+5% YoY).
- Cash $75.4M (down from $89.6M Q2); Company revises full year 2024 guidance for key metrics.

## SEC filing metadata
- accession: 0001758766-24-000174
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000174/0001758766-24-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000174/stem-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-24-000174
- JSON: https://secwatch.observer/filing/0001758766-24-000174.json
- Plain text: https://secwatch.observer/filing/0001758766-24-000174.txt

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