Growth Metrics

Stem (STEM) Operating Expenses (2019 - 2025)

Stem has reported Operating Expenses over the past 7 years, most recently at $31.4 million for Q4 2025.

  • Quarterly results put Operating Expenses at $31.4 million for Q4 2025, down 29.8% from a year ago — trailing twelve months through Dec 2025 was $115.6 million (down 86.04% YoY), and the annual figure for FY2025 was $115.6 million, down 86.04%.
  • Operating Expenses for Q4 2025 was $31.4 million at Stem, up from $26.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for STEM hit a ceiling of $589.2 million in Q2 2024 and a floor of $9.8 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $40.2 million (2022), compared with a mean of $68.8 million.
  • Biggest five-year swings in Operating Expenses: soared 1160.64% in 2024 and later tumbled 95.56% in 2025.
  • Stem's Operating Expenses stood at $28.5 million in 2021, then surged by 62.19% to $46.3 million in 2022, then decreased by 3.6% to $44.6 million in 2023, then rose by 0.21% to $44.7 million in 2024, then decreased by 29.8% to $31.4 million in 2025.
  • The last three reported values for Operating Expenses were $31.4 million (Q4 2025), $26.4 million (Q3 2025), and $26.1 million (Q2 2025) per Business Quant data.