Every 8-K that Stem, Inc. (STEM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow STEM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STEM filings page.
Stem, Inc. reported second quarter 2026 revenue of $33.7 million, down 12% from $38.4 million a year earlier as battery hardware resales and managed services declined. Revenue from software, services, and edge hardware was $33.4 million, up 1% year-over-year, supported by 11% growth in PowerTrack software revenue.
GAAP gross profit rose to $13.9 million with gross margin improving to 41% from 33%, while non-GAAP gross margin increased to 55% from 49%. The company posted a net loss of $14.4 million versus prior-year net income of $202.5 million, which had included a one-time gain on extinguishment of debt. Adjusted EBITDA was $6.2 million, up 63% from $3.8 million, marking a fifth consecutive quarter of positive adjusted EBITDA. Operating cash flow was $0.3 million versus a $(21.3) million outflow in the prior year quarter, and cash and cash equivalents ended at $38.4 million, slightly above $36.6 million at the end of 1Q26.
Bookings were $36.8 million, up 39% sequentially, and contracted backlog reached $27.1 million, up 18% from 1Q26. ARR rose to $62.4 million and CARR to $69.0 million, with growth in PowerTrack ARR and both solar and storage assets under management. Stem highlighted new international PowerTrack EMS projects, an industry award, the launch of its AIONA AI services offering, and reaffirmed full-year 2026 guidance, including revenue of $140–$190 million, non-GAAP gross margin of 40–50%, and adjusted EBITDA of $10–$15 million.
Stem, Inc. reported results of its 2026 annual stockholders meeting held on June 3, 2026. Stockholders elected three Class II directors to serve until the 2029 annual meeting, with each nominee receiving around 1.8–2.0 million votes in favor and more than 2.4 million broker non-votes.
They approved an amendment and restatement of the 2024 Equity Incentive Plan, increasing shares available for issuance by 425,000 shares and extending the plan term. Stockholders also approved, on a non-binding advisory basis, the compensation of named executive officers and ratified RSM US LLP as independent auditor for the fiscal year ending December 31, 2026.
A total of 4,532,097 shares, or approximately 53% of shares entitled to vote, were present or represented by proxy, and detailed vote counts were provided for each proposal.
Stem, Inc. reported first quarter 2026 revenue of $29.0 million, down 11% from $32.5 million a year earlier, mainly from lower battery hardware sales. Software, services, and edge hardware revenue was also $29.0 million, up 4% from $28.0 million, reflecting 16% growth in PowerTrack software revenue.
GAAP gross profit rose to $10.9 million with gross margin improving to 38% from 32%. Non-GAAP gross profit was $15.2 million, with non-GAAP gross margin increasing to 52% from 46%. Net loss narrowed to $18.9 million from $25.0 million, and adjusted EBITDA improved to $2.0 million from $(4.6) million, marking the fourth consecutive quarter of positive adjusted EBITDA.
Operating cash flow was $(8.3) million versus $8.5 million a year earlier. Stem ended the quarter with $36.6 million in cash and cash equivalents, down from $48.9 million at the end of 2025. The company reaffirmed its full-year 2026 guidance, including revenue of $140–$190 million, non-GAAP gross margin of 40%–50%, adjusted EBITDA of $10–$15 million, operating cash flow of $0–$10 million, and year-end ARR of $65–$70 million.
Stem, Inc. reported that its Audit Committee approved the dismissal of Deloitte & Touche LLP as its independent registered public accounting firm on March 12, 2026, and notified Deloitte on March 13, 2026. Deloitte’s audit reports for the years ended December 31, 2024 and 2025 contained no adverse opinions, disclaimers, or qualifications as to uncertainty, audit scope, or accounting principles.
The company states there were no disagreements with Deloitte and no reportable events under SEC rules through March 12, 2026. On the same date, the Audit Committee approved the engagement of RSM US LLP as the new independent auditor, starting with the quarter ending March 31, 2026 and the 2026 year-end audit, subject to customary client acceptance procedures. A Deloitte letter to the SEC regarding these disclosures is filed as an exhibit.
Stem, Inc. entered into an Open Market Sales Agreement with Jefferies LLC to establish an at-the-market equity program allowing the company to sell shares of common stock with an aggregate offering price of up to $30,000,000 on the NYSE and other permitted markets.
Jefferies will act as sales agent and/or principal, using commercially reasonable efforts to execute sales based on Stem’s instructions, and will receive a commission of up to 3.0% of the gross proceeds from any shares sold. Stem is not obligated to sell any shares and may suspend or terminate the program at any time under the agreement’s terms.
The shares will be offered under Stem’s shelf registration statement on Form S-3 (Registration No. 333-291820), declared effective by the SEC on December 11, 2025, and a related prospectus supplement filed on March 6, 2026.
Stem, Inc. reported fourth-quarter and full-year 2025 results that reflect a shift to a software-centric model with stronger profitability. Full-year revenue rose to $156.3 million from $144.6 million, driven by software, services, and edge hardware revenue of $141.4 million, up 25%.
GAAP gross margin improved to 38% for 2025 from (8)% in 2024, while non-GAAP gross margin reached 46%. The company moved to full-year net income of $137.8 million versus a net loss of $854.0 million, aided by a $220.0 million gain on extinguishment of debt and prior-year impairments.
Adjusted EBITDA turned positive at $6.7 million for 2025 compared with $(22.8) million in 2024, and operating cash flow improved to $6.9 million from $(36.7) million. For 2026, Stem guides to revenue of $140–$190 million, non-GAAP gross margin of 40%–50%, adjusted EBITDA of $10–$15 million, and year-end ARR of $65–$70 million.
Stem, Inc. reported that on December 17, 2025, the U.S. District Court for the Northern District of California dismissed with prejudice all claims in a putative securities class action that had been filed against the company and certain former officers, directors, and employees. The case, titled In re Stem, Inc. Sec. Litig., Case No. 23-CV-02329-MMC, involved various allegations under federal securities laws.
A dismissal "with prejudice" means the claims in this case cannot be refiled in that court, which removes this particular litigation as an ongoing legal threat for Stem arising from the asserted securities law violations.
Stem, Inc. reported a change in its senior finance leadership. Chief Accounting Officer Rahul Shukla and the company mutually agreed that he will step down from his role effective December 19, 2025, and they are negotiating a separation agreement.
The board appointed Jeffrey Cabot as the new Chief Accounting Officer effective January 5, 2026. He will receive a $325,000 annual base salary and an initial long-term equity award covering 14,000 shares of common stock, split into 7,000 restricted stock units, 3,500 performance stock units and 3,500 stock options that vest ratably over three years. Cabot is also eligible for an annual cash incentive with a target of 45% of base salary, as well as severance, change-in-control and indemnification protections under standard company agreements.
Stem, Inc. reported that its Board of Directors increased the board size from seven to eight members and appointed Chief Executive Officer Arun Narayanan as a Class I director, effective December 1, 2025. This fills the new vacancy created by the expansion of the board.
The company stated that Mr. Narayanan will receive no additional compensation for his service as a director. It also disclosed that there are no related-party arrangements or transactions involving him or his immediate family that require reporting, underscoring that the appointment is not tied to any disclosable agreements or transactions.
Stem, Inc. (STEM) furnished its Third Quarter 2025 results via an 8‑K. On October 29, 2025, the company announced financial results for the quarter ended September 30, 2025 and made its press release available as Exhibit 99.
The materials, including slides, are posted on the Stem Investor Relations website. Consistent with General Instruction B.2., the information is furnished under Items 2.02 and 7.01 and is not deemed filed under Section 18 of the Exchange Act, nor incorporated by reference into Securities Act filings except as expressly stated.
Stem, Inc. amended its bylaws to lower the quorum required to conduct business at stockholder meetings from a majority of the voting power to one-third of the voting power, effective upon Board approval on October 15, 2025. The company cited difficulty achieving a quorum given its large and dispersed stockholder base. This change is intended to reduce the risk of meeting adjournments and the associated added costs for meeting hosting and proxy solicitation, as well as potential operational disruptions and management distractions. The full text of the amendment is filed as Exhibit 3.1.
Stem, Inc. furnished a CEO letter to shareholders from Chief Executive Officer Arun Narayanan. The letter, dated September 9, 2025, was provided as an exhibit to this report to update shareholders outside of the company’s regular periodic filings. The company clarified that this communication is being furnished rather than filed, which means it is not subject to certain liability provisions of the securities laws and will only be incorporated into other filings if specifically referenced.
Stem, Inc. (NYSE: STEM) filed an 8-K on 30 June 2025 disclosing a privately negotiated debt exchange that materially reshapes its capital structure. The company exchanged (i) $228.818 million of its 0.50% Green Convertible Senior Notes due 2028 and (ii) $121.310 million of its 4.25% Green Convertible Senior Notes due 2030 — a combined $350.128 million in principal — plus $10 million in cash for three new instruments:
- $155.426 million aggregate principal amount of new 12.00%/11.00% senior secured PIK toggle notes due 2030 (the “New Notes”).
- Warrants to purchase 439,919 common shares at a strike price of $30.00, exercisable from the 11th trading day after issuance until 1 December 2030 and subject to customary anti-dilution adjustments and a 4.99% (optionally 9.99%) ownership cap.
- Payment of accrued and unpaid interest on the exchanged notes.
The New Notes were issued under an Indenture dated 30 June 2025 with U.S. Bank Trust Company, N.A. acting as trustee and collateral agent. Interest may be paid in kind at 12.00% or in cash at 11.00%, payable semi-annually beginning 1 January 2026. Maturity occurs on the earliest of: (a) 30 December 2030; (b) a covenant-based trigger tied to remaining 2028 converts after 30 June 2028; or (c) a similar trigger related to remaining 2030 converts after 1 January 2030. The notes and related guarantees are secured by a first-priority lien on substantially all assets of Stem and its restricted subsidiaries and may be redeemed by the company at premiums of 105%, 102.5%, and 100% depending on the redemption window.
The exchanged warrants were issued under a Warrant Agreement with Computershare Trust Company, N.A. Holders have no shareholder rights until exercise and may request cash settlement upon a defined “Fundamental Change.”
Accounting / reporting impacts:
- The transaction reduces Stem’s outstanding convertible principal by approximately $184.7 million but replaces low-coupon unsecured convertible debt with higher-coupon senior secured obligations.
- The exchange constitutes a material definitive agreement (Item 1.01), creates a direct financial obligation (Item 2.03), and involves unregistered equity securities (Item 3.02).
- A related press release announcing closing of the exchange was furnished under Regulation FD (Item 7.01) and not deemed “filed.”
Exhibits include the Indenture (4.1), form of New Notes (4.2), Warrant Agreement (4.3), and the press release (99).