Stem (STEM) Research & Development (2020 - 2026)

Stem's Research & Development history runs 7 years deep, the most recent figure standing at $6.6 million for Q1 2026.

• In Q1 2026, Research & Development fell 41.96% year-over-year to $6.6 million; the TTM figure through Mar 2026 stood at $30.5 million (down 36.99% YoY), while the FY2025 annual figure was $35.3 million, down 31.17% from the prior year.
• Research & Development was $6.6 million for Q1 2026 at Stem, down from $7.1 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $15.3 million in Q2 2024 to a low of $6.6 million in Q1 2026.
• Historically, Research & Development has averaged $11.1 million across 5 years, with a median of $10.8 million in 2024.
• The sharpest annual moves came in 2022 and 2026: Research & Development surged 102.93% in 2022, then sank 41.96% in 2026.
• A 5-year view of Research & Development shows it stood at $9.9 million in 2022, then surged by 46.77% to $14.5 million in 2023, then slipped by 25.6% to $10.8 million in 2024, then tumbled by 34.52% to $7.1 million in 2025, then slipped by 6.84% to $6.6 million in 2026.
• The last three Research & Development figures came in at $6.6 million (Q1 2026), $7.1 million (Q4 2025), and $6.9 million (Q3 2025), per Business Quant data.