---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-26-000043"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:49:55.275607+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001758766-26-000043
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000175876626000043/0001758766-26-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876626000043/stem-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-26-000043
- JSON: https://secwatch.observer/filing/0001758766-26-000043.json
- Plain text: https://secwatch.observer/filing/0001758766-26-000043.txt

## Source-grounded claims
- claim_id: c2eb2d47d7a8dcdac5bb3b83bb0a127e2726b57d
  claim: STEM, INC. reported the quarter ended March 31, 2026 results: revenue $29.0 million, net income $18.9 million. Guidance reaffirmed.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876626000043/0001758766-26-000043-index.htm

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