STEM, INC.
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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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.
Jun 30, 2026 · Filed Aug 13, 2026
STEM$2.36-14.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Deficit
(in thousands, except share amounts)
| Equity Attributable to Stem, Inc. | |||||||
|---|---|---|---|---|---|---|---|
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Income (Loss) · Accumulated Deficit · Non-controlling Interests · Total Stockholders’ Deficit | |||||||
| Shares · Amount | |||||||
| Balance as of January 1, 2026 | 8,489,540 | $1 | $1,239,263 | $41 | $(1,488,747) | $383 | $(249,059) |
| Issuance of common stock upon release of restricted stock units | 78,211 | — | — | — | — | — | — |
| Stock-based compensation | — | — | 1,965 | — | — | — | 1,965 |
| Foreign currency translation adjustments | — | — | — | 138 | — | — | 138 |
| Net loss | — | — | — | — | (18,925) | — | (18,925) |
| Balance as of March 31, 2026 | 8,567,751 | $1 | $1,241,228 | $179 | $(1,507,672) | $383 | $(265,881) |
| Common stock issued upon business combination (Note 5) | 389,569 | — | 4,305 | — | — | — | 4,305 |
| Stock option exercises, net of statutory tax withholdings | 116 | — | — | — | — | — | — |
| Issuance of common stock upon release of restricted stock units | 55,134 | — | — | — | — | — | — |
| Issuance of common stock under at-the-market program, net (Note 10) | 595,303 | — | 5,631 | — | — | — | 5,631 |
| Stock-based compensation | — | — | 1,460 | — | — | — | 1,460 |
| Foreign currency translation adjustments | — | — | — | (320) | — | — | (320) |
| Distributions to non-controlling interests | — | — | — | — | — | (809) | (809) |
| Net loss | — | — | — | — | (14,383) | — | (14,383) |
| Balance as of June 30, 2026 | 9,607,873 | $1 | $1,252,624 | $(141) | $(1,522,055) | $(426) | $(269,997) |
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Non-controlling Interests · Total Stockholders’ Deficit | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balance as of January 1, 2025 | 8,139,884 | $16 | $1,228,042 | $76 | $(1,626,508) | $541 | $(397,833) |
| Issuance of common stock upon release of restricted stock units | 177,708 | 1 | — | — | — | — | 1 |
| Stock-based compensation | — | — | 5,718 | — | — | — | 5,718 |
| Foreign currency translation adjustments | — | — | — | 190 | — | — | 190 |
| Net loss | — | — | — | — | (25,000) | — | (25,000) |
| Balance as of March 31, 2025 | 8,317,592 | 17 | 1,233,760 | 266 | (1,651,508) | 541 | (416,924) |
| Issuance of common stock upon release of restricted stock units | 41,050 | — | — | — | — | — | — |
| Stock-based compensation | — | — | 795 | — | — | — | 795 |
| Foreign currency translation adjustments | — | — | — | 82 | — | — | 82 |
| Adjustment due to reverse stock split (Note 2) | (90) | (16) | 16 | — | — | — | — |
| Contributions from non-controlling interests | — | — | — | — | — | 37 | 37 |
| Net income | — | — | — | — | 202,531 | — | 202,531 |
| Balance as of June 30, 2025 | 8,358,552 | $1 | $1,234,571 | $348 | $(1,448,977) | $578 | $(213,479) |
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