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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$2.76+9.5%Stored close · as of Nov 9, 2026

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Item 2. Properties

Our corporate headquarters is located in Houston, Texas. This facility comprises approximately 2,500 square feet of office space. We lease this facility. In addition, our other material properties are described below.

Type of SpaceLocationApproximate Square FootageLeased or Owned
OfficeGurugram, India41,800 square feetLeased
OfficeBroomfield, Colorado13,600 square feetLeased
ManufacturingLongmont, Colorado24,100 square feetLeased

We believe our space is adequate for our current needs and that suitable additional or substitute spaces will be available to accommodate the foreseeable expansion of our operations. For more information about our material lease commitments, see Note 6 —Leases, in the accompanying notes to the consolidated financial statements included in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.

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