Growth Metrics

Stem (STEM) Invested Capital (2019 - 2025)

Stem has reported Invested Capital over the past 7 years, most recently at -$235.6 million for Q4 2025.

  • Quarterly results put Invested Capital at -$235.6 million for Q4 2025, up 38.2% from a year ago — trailing twelve months through Dec 2025 was -$235.6 million (up 38.2% YoY), and the annual figure for FY2025 was -$235.6 million, up 38.2%.
  • Invested Capital for Q4 2025 was -$235.6 million at Stem, down from -$221.5 million in the prior quarter.
  • Over the last five years, Invested Capital for STEM hit a ceiling of $683.1 million in Q4 2021 and a floor of -$399.5 million in Q1 2025.
  • Median Invested Capital over the past 5 years was $414.5 million (2023), compared with a mean of $206.3 million.
  • Biggest five-year swings in Invested Capital: surged 874.58% in 2021 and later plummeted 203.11% in 2025.
  • Stem's Invested Capital stood at $683.1 million in 2021, then dropped by 16.87% to $567.9 million in 2022, then dropped by 22.25% to $441.5 million in 2023, then plummeted by 186.36% to -$381.3 million in 2024, then soared by 38.2% to -$235.6 million in 2025.
  • The last three reported values for Invested Capital were -$235.6 million (Q4 2025), -$221.5 million (Q3 2025), and -$198.5 million (Q2 2025) per Business Quant data.