secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2026-08-12T20:30:43+00:00
Accession:  0001758766-26-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stem Q2 2026: revenue $33.7M (-12%), adj EBITDA $6.2M +63%, reaffirms FY26
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- Revenue $33.7M, down 12% YoY; software/services/edge hardware revenue $33.4M, up 1% YoY.
- GAAP gross margin 41% (up from 33%); non-GAAP gross margin 55% (up from 49%).
- Net loss $14.4M vs net income $202.5M in 2Q25; adjusted EBITDA $6.2M, +63% YoY.
- Bookings $36.8M, up 39% from 1Q26; contracted backlog $27.1M, up 18% sequentially.
- Reaffirmed full-year 2026 guidance; fifth straight quarter of positive adjusted EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876626000078/0001758766-26-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876626000078/stem-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001758766-26-000078

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