---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-25-000002"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T14:46:10.924021+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Stem reports Q4 and FY2024 results: revenue down 69% YoY, full-year net loss $854M, targets 15% ARR growth in 2025

## Summary
- Q4 revenue $55.8M (-67% YoY); GAAP gross margin (4)% vs 7% in Q4 2023.
- Full-year net loss $854M vs $140.4M in 2023; includes $38.7M net revenue reduction.
- Non-GAAP gross margin improved to 36% (Q4) and 35% (FY) from 13% and 15% respectively.
- Q4 bookings $357.6M (+40% YoY); full-year bookings $435.9M (-72%); backlog $1.2B.
- Guidance: ~15% ARR growth in 2025; reducing opex to improve EBITDA and cash flow; cash $56.3M.

## SEC filing metadata
- accession: 0001758766-25-000002
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2025-03-04T23:59:59+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/1758766/000175876625000002/0001758766-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876625000002/stem-20250304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-25-000002
- JSON: https://secwatch.observer/filing/0001758766-25-000002.json
- Plain text: https://secwatch.observer/filing/0001758766-25-000002.txt

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