Stem (STEM) Intangibles (2020 - 2026)
Stem's Intangibles was $113.05 million in Q2 2026, down 16.4% from $135.16 million a year earlier and down 3.6% from the prior quarter.
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Analysis
Stem (STEM) Intangibles (2020 - 2026) Analysis & Trends
At the end of FY2025, Intangibles at Stem came in at $123.03 million, down 14.5% from FY2024.
- Intangibles has now declined for three consecutive years, though with a five-year compound annual growth rate of 59.1% (FY2020 to FY2025).
- In earlier years, Intangibles was $143.91 million in FY2024 (-8.4%), $157.15 million in FY2023 (-3.2%), $162.27 million in FY2022 and $13.97 million in FY2021 (+15.5%).
- The Q2 2026 figure marks the lowest quarterly Intangibles since Q4 2021.
- Compared with a year earlier, Intangibles has declined for 14 straight quarters, with an average decline of 11.9% over the last eight quarters.
- The best year-over-year quarter for Intangibles over five years was Q4 2021 (growth of 15.5%); the worst was Q1 2026 (a decline of 17.4%).
- Per Business Quant data, STEM's Intangibles in the three quarters before Q2 2026 was $117.29 million (Q1 2026), $123.03 million (Q4 2025) and $129.17 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 7.02 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 273.24 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 77.10 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 426.53 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 23.16 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 281.58 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 80.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | 214.36 Mn |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 736.00 Mn |
| 10 | Stem | 43.72 Mn | -123.76 Mn | 13.89 Mn | 113.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 113.05 Mn |
| Mar 31, 2026 | 117.29 Mn |
| Dec 31, 2025 | 123.03 Mn |
| Sep 30, 2025 | 129.17 Mn |
| Jun 30, 2025 | 135.16 Mn |
| Mar 31, 2025 | 141.93 Mn |
| Dec 31, 2024 | 143.91 Mn |
| Sep 30, 2024 | 148.18 Mn |
| Jun 30, 2024 | 152.14 Mn |
| Mar 31, 2024 | 155.01 Mn |
| Dec 31, 2023 | 157.15 Mn |
| Sep 30, 2023 | 158.32 Mn |
| Jun 30, 2023 | 159.47 Mn |
| Mar 31, 2023 | 161.60 Mn |
| Dec 31, 2022 | 162.27 Mn |
| Sep 30, 2022 | 163.55 Mn |
| Jun 30, 2022 | 164.80 Mn |
| Mar 31, 2022 | 165.84 Mn |
| Dec 31, 2021 | 13.97 Mn |
| Sep 30, 2021 | 13.13 Mn |
API Access
Stem Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "STEM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();