Stem (STEM) Operating Income (2019 - 2026)

Stem (STEM) recorded quarterly Operating Income 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) Operating Income (2019 - 2026) Analysis & Trends

Stem's Operating Income history runs 8 years deep, the most recent figure standing at -$14.2 million for Q1 2026.

  • In Q1 2026, Operating Income 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.
  • Operating Income was -$14.2 million for Q1 2026 at Stem, down from -$8.3 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$8.3 million in Q4 2025 to a low of -$579.8 million in Q2 2024.
  • Historically, Operating Income 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: Operating Income slumped 1562.93% in 2024, then surged 97.7% in 2025.
  • A 5-year view of Operating Income 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 Operating Income 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) Op. Inc (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 53.40 Mn
3 Ormat Technologies 8.50 Bn 8.35 Bn 78.83 Mn 42.56 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 -24.20 Mn
8 Ellomay Capital 694.29 Mn 616.52 Mn 1,508.00 1.80 Mn
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
DateValue
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