Stem Q1 revenue $29M (-11% YoY); adjusted EBITDA positive $2M for 4th quarter; reaffirms FY 2026 guidance

STEM, INC.

2026-Q1 EPS reported -$2.22 revenue$29,000,000

Revenue $29.0M (-11% YoY); software/services/edge hardware revenue $29.0M (+4% YoY).
GAAP gross margin 38% (vs 32% in 1Q25); non-GAAP gross margin 52% (vs 46%).
Net loss $18.9M improved from $25.0M; adjusted EBITDA +$2.0M vs ($4.6M) — 4th consecutive positive quarter.
Operating cash flow ($8.3M) vs $8.5M in 1Q25; cash $36.6M down from $48.9M in 4Q25.
Bookings $26.5M; CARR $67.2M flat sequentially; full-year 2026 guidance reaffirmed across all metrics.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STEM, INC. reported the quarter ended March 31, 2026 results: revenue $29.0 million, net income $18.9 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Revenue: $29.0 million
Net income: $18.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

a global leader reimagining technology to support the energy transition, announced today its results for the quarter ended March 31, 2026. Financial Highlights • Revenue of $29.0 million, down 11% from $32.5 million in 1Q25 • Software, services, and edge hardware revenue of $29.0 million, up 4% from $28.0 million in 1Q25 • GAAP gross profit of $10.9 million, up

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Source: SEC EDGAR

accession 0001758766-26-000043

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