Stem (STEM) Invested Capital (2019 - 2026)
Stem's Invested Capital came in at -$121.63 million for Q2 2026, compared with -$71.79 million a year earlier.
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Analysis
Stem (STEM) Invested Capital (2019 - 2026) Analysis & Trends
For FY2025, Stem's Invested Capital was -$106.85 million.
- Going back by year, Invested Capital was -$339.69 million in FY2024, $493.53 million in FY2023 (-21.9%), $631.75 million in FY2022 (-16.5%) and $756.31 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q1 2025.
- The fastest year-over-year change in Invested Capital over five years came in Q2 2022 (growth of 129.5%), and the weakest in Q1 2024 (a decline of 26.6%).
- Business Quant data shows STEM's Invested Capital at -$118.42 million (Q1 2026), -$106.85 million (Q4 2025) and -$93.9 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 5.89 Bn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 2.05 Bn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | - |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | - |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 6.97 Bn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 5.41 Bn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 51.45 Bn |
| 10 | Stem | 40.83 Mn | -126.64 Mn | 13.89 Mn | -121.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -121.63 Mn |
| Mar 31, 2026 | -118.42 Mn |
| Dec 31, 2025 | -106.85 Mn |
| Sep 30, 2025 | -93.90 Mn |
| Jun 30, 2025 | -71.79 Mn |
| Mar 31, 2025 | -362.37 Mn |
| Dec 31, 2024 | -339.69 Mn |
| Sep 30, 2024 | -283.86 Mn |
| Jun 30, 2024 | -140.23 Mn |
| Mar 31, 2024 | 436.66 Mn |
| Dec 31, 2023 | 493.53 Mn |
| Sep 30, 2023 | 525.04 Mn |
| Jun 30, 2023 | 596.40 Mn |
| Mar 31, 2023 | 594.58 Mn |
| Dec 31, 2022 | 631.75 Mn |
| Sep 30, 2022 | 659.56 Mn |
| Jun 30, 2022 | 685.31 Mn |
| Mar 31, 2022 | 714.71 Mn |
| Dec 31, 2021 | 756.31 Mn |
| Sep 30, 2021 | 720.62 Mn |
API Access
Stem Invested Capital 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=invested-capital&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();