Stem (STEM) EBITDA (2019 - 2026)
Stem (STEM) recorded quarterly EBITDA of -$14.2 million in Q1 2026, down 70.31% quarter-over-quarter from -$8.3 million in Q4 2025, and up 32.79% on a YoY basis from -$10.7 million in Q1 2025.
Stem (STEM) EBITDA (2019 - 2026) Analysis & Trends
Stem's EBITDA history runs 8 years deep, the most recent figure standing at -$14.2 million for Q1 2026.
- In Q1 2026, EBITDA rose 32.79% year-over-year to -$14.2 million; the TTM figure through Mar 2026 stood at -$48.8 million (up 93.85% YoY), while the FY2025 annual figure was -$55.7 million, up 93.37% from the prior year.
- EBITDA was -$14.2 million for Q1 2026 at Stem, down from -$8.3 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$8.3 million in Q4 2025 to a low of -$579.8 million in Q2 2024.
- Historically, EBITDA has averaged -$71.8 million across 5 years, with a median of -$33.7 million in 2022.
- The sharpest annual moves came in 2024 and 2025: EBITDA slumped 1562.93% in 2024, then surged 97.7% in 2025.
- A 5-year view of EBITDA shows it stood at -$33.7 million in 2022, then rose by 0.67% to -$33.5 million in 2023, then tumbled by 40.64% to -$47.1 million in 2024, then soared by 82.3% to -$8.3 million in 2025, then sank by 70.31% to -$14.2 million in 2026.
- The last three EBITDA figures came in at -$14.2 million (Q1 2026), -$8.3 million (Q4 2025), and -$12.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 186.46 Bn | 183.75 Bn | 1.44 Bn | 1.05 Bn |
| 2 | Enlight Renewable Energy | 11.26 Bn | 10.73 Bn | 85.64 Mn | 98.58 Mn |
| 3 | Ormat Technologies | 8.50 Bn | 8.35 Bn | 78.83 Mn | 36.47 Mn |
| 4 | Fluence Energy | 3.04 Bn | 2.71 Bn | 46.63 Mn | -11.67 Mn |
| 5 | Clearway Energy | 1.39 Bn | 4.74 Bn | 220.00 Mn | 20.00 Mn |
| 6 | XPLR Infrastructure | 1.09 Bn | 8.62 Bn | 141.00 Mn | -17.00 Mn |
| 7 | Energy Vault Holdings | 940.11 Mn | 894.68 Mn | 4.79 Mn | -32.16 Mn |
| 8 | Ellomay Capital | 694.29 Mn | 616.52 Mn | 1,508.00 | -4,239.00 |
| 9 | ReNew Energy Global | 317.68 Mn | 100.91 Mn | 275.78 Mn | -143.94 Mn |
| 10 | Stem | 65.58 Mn | 29.38 Mn | 10.86 Mn | -14.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -14.21 Mn |
| Dec 31, 2025 | -8.35 Mn |
| Sep 30, 2025 | -12.85 Mn |
| Jun 30, 2025 | -13.34 Mn |
| Mar 31, 2025 | -21.15 Mn |
| Dec 31, 2024 | -47.14 Mn |
| Sep 30, 2024 | -144.45 Mn |
| Jun 30, 2024 | -579.85 Mn |
| Mar 31, 2024 | -68.01 Mn |
| Dec 31, 2023 | -33.52 Mn |
| Sep 30, 2023 | -68.27 Mn |
| Jun 30, 2023 | -34.87 Mn |
| Mar 31, 2023 | -42.65 Mn |
| Dec 31, 2022 | -33.75 Mn |
| Sep 30, 2022 | -32.60 Mn |
| Jun 30, 2022 | -29.82 Mn |
| Mar 31, 2022 | -34.95 Mn |
| Dec 31, 2021 | -30.18 Mn |
| Sep 30, 2021 | -19.13 Mn |
| Jun 30, 2021 | -23.88 Mn |