Stem (STEM) Q1 2026 Earnings Report
Stem (STEM) reported Q1 2026 earnings with total revenue of $29 million, down 11% year-over-year, primarily due to the absence of battery hardware resales. Core software, services, and edge hardware revenue grew 4%, with PowerTrack software revenue up 16%. The company also achieved a record non-GAAP gross margin of 52% and improved adjusted EBITDA by $7 million year-over-year.
Tickers: $STEM
Topics: ebitda gross margin operating expenses revenue