STEM, INC.
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 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
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(18,925) | $(25,000) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization expense | 10,481 | 10,996 |
| Non-cash interest expense, including interest expenses associated with debt issuance costs | 383 | 289 |
| Stock-based compensation | 2,047 | 4,317 |
| Change in fair value of warrant liability | (2,411) | — |
| Non-cash lease expense | 625 | 679 |
| Accretion of asset retirement obligations | 57 | 60 |
| Impairment loss of energy storage systems | 33 | — |
| Gain on disposal and abandonment of property, plant and equipment | (39) | — |
| Impairment loss of project assets | 4 | 699 |
| Impairment of assets held for sale | 3,315 | — |
| Provision for credit losses on accounts receivable | — | 78 |
| Other | 37 | 63 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 5,008 | 24,351 |
| Inventory | (1,111) | 2,084 |
| Other assets | 171 | 2,025 |
| Contract origination costs, net | (241) | (324) |
| Project assets | (4) | (1,516) |
| Accounts payable | (3,265) | (10,538) |
| Accrued expenses and other liabilities | (629) | 3,861 |
| Deferred revenue | (3,063) | (3,046) |
| Lease liabilities | (790) | (542) |
| Net cash (used in) provided by operating activities | (8,317) | 8,536 |
| INVESTING ACTIVITIES | ||
| Purchase of energy storage systems | — | (7) |
| Capital expenditures on internally-developed software | (1,346) | (3,583) |
| Net cash used in investing activities | (1,346) | (3,590) |
| FINANCING ACTIVITIES | ||
| Repayment of financing obligations | (2,805) | (2,819) |
| Net cash used in financing activities | (2,805) | (2,819) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 139 | 158 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (12,329) | 2,285 |
| Cash, cash equivalents and restricted cash, beginning of year | 50,701 | 58,085 |
| Cash, cash equivalents and restricted cash, end of period | $38,372 | $60,370 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
|---|---|---|
| Cash paid for interest | $8,077 | $1,048 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH WITHIN THE UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS TO THE AMOUNTS SHOWN IN THE STATEMENTS OF CASH FLOWS ABOVE: | ||
| Cash and cash equivalents | $36,586 | $58,584 |
| Restricted cash included in other noncurrent assets | 1,786 | 1,786 |
| Total cash, cash equivalents, and restricted cash | $38,372 | $60,370 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.