secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001758766-26-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876626000043/0001758766-26-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876626000043/stem-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001758766-26-000043

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