---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-25-000025"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:00:24.124749+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stem Q2 revenue $38.4M (+13% YoY); positive adjusted EBITDA of $3.8M; net income $202.5M

## Summary
- Revenue $38.4M, up 13% YoY; GAAP net income $202.5M vs net loss $582.3M in Q2 2024.
- Adjusted EBITDA $3.8M vs -$11.3M YoY; GAAP gross margin 33% vs 28%.
- ARR $58.5M, up 22% YoY; Storage operating AUM 1.7 GWh (+42% YoY).
- Debt exchange reduced outstanding debt by $195M, extended majority of maturities to 2030.
- Full-year 2025 guidance reaffirmed across all key metrics.

## SEC filing metadata
- accession: 0001758766-25-000025
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2025-08-07T23:59:59+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/1758766/000175876625000025/0001758766-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876625000025/stem-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-25-000025
- JSON: https://secwatch.observer/filing/0001758766-25-000025.json
- Plain text: https://secwatch.observer/filing/0001758766-25-000025.txt

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