STEM, INC.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 5, 2026
STEM$2.36-14.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity (Deficit)
(in thousands, except share amounts)
| Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Income (Loss) · AccumulatedDeficit · Non-controlling Interests · TotalStockholders’Equity (Deficit) | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balance as of January 1, 2023 | 7,727,010 | $15 | $1,185,364 | $(1,672) | $(632,081) | $541 | $552,167 |
| Stock option exercises, net of statutory tax withholdings | 6,277 | — | 276 | — | — | — | 276 |
| Issuance of common stock upon release of restricted stock units | 63,357 | 1 | — | — | — | — | 1 |
| Stock-based compensation | — | — | 40,916 | — | — | — | 40,916 |
| Purchase of capped call options (Note 11) | — | — | (27,840) | — | — | — | (27,840) |
| Unrealized gain on available-for-sale securities | — | — | — | 1,676 | — | — | 1,676 |
| Foreign currency translation adjustments | — | — | — | (46) | — | — | (46) |
| Redemption of non-controlling interests | — | — | — | — | — | (56) | (56) |
| Net loss | — | — | — | — | (140,413) | — | (140,413) |
| Balance as of December 31, 2023 | 7,796,644 | $16 | $1,198,716 | $(42) | $(772,494) | $485 | $426,681 |
| Issuance of common stock upon release of restricted stock units | 195,168 | — | — | — | — | — | — |
| Issuance of fully vested restricted stock units for employee bonuses (Note 14) | 148,072 | — | 8,114 | — | — | — | 8,114 |
| Stock-based compensation | — | — | 21,212 | — | — | — | 21,212 |
| Unrealized gain on available-for-sale securities | — | — | — | 3 | — | — | 3 |
| Foreign currency translation adjustments | — | — | — | 115 | — | — | 115 |
| Contribution from non-controlling interests | — | — | — | — | — | 56 | 56 |
| Net loss | — | — | — | — | (854,014) | — | (854,014) |
| Balance as of December 31, 2024 | 8,139,884 | $16 | $1,228,042 | $76 | $(1,626,508) | $541 | $(397,833) |
| Issuance of common stock upon release of restricted stock units | 349,746 | 1 | — | — | — | — | 1 |
| Stock-based compensation | — | — | 11,205 | — | — | — | 11,205 |
| Foreign currency translation adjustments | — | — | — | (35) | — | — | (35) |
| Adjustment due to reverse stock split (Note 2) | (90) | (16) | 16 | — | — | — | — |
| Redemption of non-controlling interests | — | — | — | — | — | (158) | (158) |
| Net income | — | — | — | — | 137,761 | — | 137,761 |
| Balance as of December 31, 2025 | 8,489,540 | $1 | $1,239,263 | $41 | $(1,488,747) | $383 | $(249,059) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.