Stem (STEM) Operating Leases (2020 - 2026)
Stem's Operating Leases was $10.07 million in Q2 2026, down 13.5% from $11.64 million a year earlier and down 8.5% from the prior quarter.
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Analysis
Stem (STEM) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Stem came in at $9.86 million, down 26.1% from FY2024.
- Operating Leases shows a five-year compound annual growth rate of 180.3% (FY2020 to FY2025).
- In earlier years, Operating Leases was $13.34 million in FY2024 (+27.6%), $10.46 million in FY2023 (-4.6%), $10.96 million in FY2022 (-10.0%) and $12.18 million in FY2021.
- Quarterly Operating Leases has moved between $9.86 million (Q4 2025) and $13.34 million (Q4 2024) over five years.
- Compared with a year earlier, Operating Leases has declined for five straight quarters, with an average decline of 0.1% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q4 2024 (growth of 27.6%); the worst was Q4 2025 (a decline of 26.1%).
- Per Business Quant data, STEM's Operating Leases in the three quarters before Q2 2026 was $11 million (Q1 2026), $9.86 million (Q4 2025) and $10.65 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn |
| 10 | Stem | 43.72 Mn | -123.76 Mn | 13.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.07 Mn |
| Mar 31, 2026 | 11.00 Mn |
| Dec 31, 2025 | 9.86 Mn |
| Sep 30, 2025 | 10.65 Mn |
| Jun 30, 2025 | 11.64 Mn |
| Mar 31, 2025 | 12.53 Mn |
| Dec 31, 2024 | 13.34 Mn |
| Sep 30, 2024 | 12.81 Mn |
| Jun 30, 2024 | 11.83 Mn |
| Mar 31, 2024 | 9.89 Mn |
| Dec 31, 2023 | 10.46 Mn |
| Sep 30, 2023 | 11.15 Mn |
| Jun 30, 2023 | 11.87 Mn |
| Mar 31, 2023 | 12.63 Mn |
| Dec 31, 2022 | 10.96 Mn |
| Sep 30, 2022 | 11.31 Mn |
| Jun 30, 2022 | 11.92 Mn |
| Mar 31, 2022 | 12.53 Mn |
| Dec 31, 2021 | 12.18 Mn |
| Sep 30, 2021 | 12.68 Mn |
API Access
Stem Operating Leases 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=operating-leases&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();