Stem (STEM) Payables (2019 - 2026)
Stem (STEM) reported Payables of $14.47 million for Q2 2026, up 26.6% from $11.43 million a year earlier and up 104.2% from the prior quarter.
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Analysis
Stem (STEM) Payables (2019 - 2026) Analysis & Trends
At the end of FY2025, Stem posted Payables of $10.31 million, down 65.8% from FY2024.
- Payables has declined for three consecutive years, with a five-year compound annual growth rate of -26.3% (FY2020 to FY2025).
- By year, Payables came in at $30.15 million in FY2024 (-61.5%), $78.28 million in FY2023 (-6.6%), $83.83 million in FY2022 (+196.5%) and $28.27 million in FY2021 (-40.4%).
- The Q2 2026 figure ranks as the highest quarterly Payables since Q1 2025.
- Year over year, Payables gained in 1 of the last eight quarters, with an average decline of 54.5%.
- The high point for year-over-year Payables in five years was Q2 2022 (growth of 535.9%); the low point was Q2 2025 (a decline of 81.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $7.08 million (Q1 2026), $10.31 million (Q4 2025) and $10.99 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 290.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 114.49 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 282.50 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 185.25 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 313.53 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 269.96 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 10.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | 47.97 Mn |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 12.65 Bn |
| 10 | Stem | 43.72 Mn | -123.76 Mn | 13.89 Mn | 14.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.47 Mn |
| Mar 31, 2026 | 7.08 Mn |
| Dec 31, 2025 | 10.31 Mn |
| Sep 30, 2025 | 10.99 Mn |
| Jun 30, 2025 | 11.43 Mn |
| Mar 31, 2025 | 19.64 Mn |
| Dec 31, 2024 | 30.15 Mn |
| Sep 30, 2024 | 47.36 Mn |
| Jun 30, 2024 | 63.10 Mn |
| Mar 31, 2024 | 61.75 Mn |
| Dec 31, 2023 | 78.28 Mn |
| Sep 30, 2023 | 85.44 Mn |
| Jun 30, 2023 | 102.98 Mn |
| Mar 31, 2023 | 112.54 Mn |
| Dec 31, 2022 | 83.83 Mn |
| Sep 30, 2022 | 94.92 Mn |
| Jun 30, 2022 | 113.18 Mn |
| Mar 31, 2022 | 99.31 Mn |
| Dec 31, 2021 | 28.27 Mn |
| Sep 30, 2021 | 14.96 Mn |
API Access
Stem Payables 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=payables&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();