secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001758766-25-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876625000025/0001758766-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876625000025/stem-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001758766-25-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer