Stem (STEM) Shares Outstanding (2019 - 2026)
Stem (STEM) posted Shares Outstanding of 9.11 million for Q2 2026, up 9.4% from 8.33 million a year earlier and up 7.0% from the prior quarter.
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Analysis
Stem (STEM) Shares Outstanding (2019 - 2026) Analysis & Trends
For FY2025, Stem's Shares Outstanding came in at 8.34 million, up 3.3% from FY2024.
- Annual Shares Outstanding has increased for six consecutive years, with a five-year compound annual growth rate of 28.4% (FY2020 to FY2025).
- In prior years, Stem's Shares Outstanding was 8.07 million in FY2024 (+3.8%), 7.78 million in FY2023 (+1.4%), 7.67 million in FY2022 (+45.3%) and 5.28 million in FY2021 (+120.8%).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding in data going back to Q4 2019.
- On a year-over-year basis, Shares Outstanding has increased in each of the last 21 quarters, with growth averaging 4.3% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding ranged from 0.9% (Q3 2023) to 213.9% (Q1 2022).
- According to Business Quant data, Shares Outstanding for the three prior quarters was 8.52 million (Q1 2026), 8.34 million (Q4 2025) and 8.38 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 749.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 1.02 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 733.10 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 349.26 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 356.25 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 80.57 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 174.30 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | 160.22 Mn |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 34.38 Mn |
| 10 | Stem | 43.72 Mn | -123.76 Mn | 13.89 Mn | 9.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.11 Mn |
| Mar 31, 2026 | 8.52 Mn |
| Dec 31, 2025 | 8.34 Mn |
| Sep 30, 2025 | 8.38 Mn |
| Jun 30, 2025 | 8.33 Mn |
| Mar 31, 2025 | 8.19 Mn |
| Dec 31, 2024 | 8.07 Mn |
| Sep 30, 2024 | 8.13 Mn |
| Jun 30, 2024 | 8.11 Mn |
| Mar 31, 2024 | 7.91 Mn |
| Dec 31, 2023 | 7.78 Mn |
| Sep 30, 2023 | 7.79 Mn |
| Jun 30, 2023 | 7.78 Mn |
| Mar 31, 2023 | 7.75 Mn |
| Dec 31, 2022 | 7.67 Mn |
| Sep 30, 2022 | 7.72 Mn |
| Jun 30, 2022 | 7.71 Mn |
| Mar 31, 2022 | 7.52 Mn |
| Dec 31, 2021 | 5.28 Mn |
| Sep 30, 2021 | 6.76 Mn |
API Access
Stem Shares Outstanding 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=shares-outstanding&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();