NYSE · STEM

Stem, Inc.

Closing price · Nov 13, 2026 $2.24

Latest quarter · ended Jun 30, 2026

Sales slipped, but cash improved

descriptionFiled Aug 13, 2026
Revenue growthShrinking
−12.3%
Quarter ended Sep 30, 2024: −78.1% sales vs. a year beforeQuarter ended Dec 31, 2024: −66.7% sales vs. a year beforeQuarter ended Mar 31, 2025: +27.7% sales vs. a year beforeQuarter ended Jun 30, 2025: +12.9% sales vs. a year beforeQuarter ended Sep 30, 2025: +30.5% sales vs. a year beforeQuarter ended Dec 31, 2025: −15.6% sales vs. a year beforeQuarter ended Mar 31, 2026: −10.8% sales vs. a year beforeQuarter ended Jun 30, 2026: −12.3% sales vs. a year before
Sep '24Jun '26
$33.7M vs. $38.4M a year ago
Gross marginBetter
41.3%
Quarter ended Sep 30, 2024: 21.2% gross marginQuarter ended Dec 31, 2024: -4.4% gross marginQuarter ended Mar 31, 2025: 32.4% gross marginQuarter ended Jun 30, 2025: 33.4% gross marginQuarter ended Sep 30, 2025: 35.5% gross marginQuarter ended Dec 31, 2025: 48.9% gross marginQuarter ended Mar 31, 2026: 37.4% gross marginQuarter ended Jun 30, 2026: 41.3% gross margin
Sep '24Jun '26
vs. 33.4% a year ago
Cash from operationsBetter
$342K
Quarter ended Sep 30, 2024: −$9.43M cash from operationsQuarter ended Dec 31, 2024: −$14.7M cash from operationsQuarter ended Mar 31, 2025: $8.54M cash from operationsQuarter ended Jun 30, 2025: −$21.3M cash from operationsQuarter ended Sep 30, 2025: $11.4M cash from operationsQuarter ended Dec 31, 2025: $8.22M cash from operationsQuarter ended Mar 31, 2026: −$8.32M cash from operationsQuarter ended Jun 30, 2026: $342K cash from operations
Sep '24Jun '26
vs. −$21.3M a year ago
Share countDiluting
+15.2%
Quarter ended Sep 30, 2024: 162.75M sharesQuarter ended Dec 31, 2024: 164.15M sharesQuarter ended Mar 31, 2025: 166.36M sharesQuarter ended Jun 30, 2025: 8.36M sharesQuarter ended Sep 30, 2025: 8.39M sharesQuarter ended Dec 31, 2025: 8.52M sharesQuarter ended Mar 31, 2026: 8.96M sharesQuarter ended Jun 30, 2026: 9.63M shares
Sep '24Jun '26
9.63M shares vs. 8.36M a year ago

Numbers come from the company's own 10-Q and 10-K reports filed with the SEC. Each bar is one quarter, oldest on the left. The colored bar is the latest. Hover over or tap a bar to see its number.

Smart money pulse

What insiders and funds are doing

Selling Insiders: as of Nov 13 Funds: as of Jun 30, 2026
−1000+100 −100
  • info
    14 real insider sales in 12 months. $156K in total, not counting planned sales.

−100 means everyone selling, +100 everyone buying. This is data, not advice.

How the Pulse works

Pulse runs from −100 (everyone selling) to +100 (everyone buying). Half comes from insiders: real buyers vs. real sellers in the last 90 days (Form 4). Half comes from funds: funds that bought vs. funds that sold last quarter (13F). 13F is a snapshot of long positions on the last day of the quarter, filed up to 45 days later. It does not show short positions or trades since then.

Who owns it

76 funds report owning STEM, down from 77

Holdings as of Jun 30, 2026
New11
Added15
Held34
Trimmed16
Sold out12

Insider trades · last 12 months

Real buys and sales

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovOption exercise · Feb 15 · 4,385 sh · 3 peopleShares withheld for tax · Feb 19 · $20.2K · 3 peopleOption exercise · Mar 1 · 1,574 sh · 2 peopleOption exercise · Mar 7 · 7,915 sh · 3 peopleOption exercise · Mar 7 · 18,125 shPlanned sale (10b5-1) · Mar 11 · $4.35KOption exercise · Jun 30 · $182K · 3 peopleOption exercise · Jun 30 · $63.5KOption exercise · Jul 17 · $21.1KOption exercise · Aug 7 · 44,916 sh · 6 peopleStock grant · Aug 7 · 7,486 shOption exercise · Sep 26 · $1.37KOpen-market sale · Feb 20 · $4.17KOpen-market sale · Mar 3 · $5.72K · 2 peopleOpen-market sale · Mar 4 · $1.85KOpen-market sale · Mar 10 · $40.9K · 3 peopleOpen-market sale · Mar 10 · $57.2KOpen-market sale · Jul 2 · $23.7K · 3 peopleOpen-market sale · Jul 2 · $15.7KOpen-market sale · Jul 20 · $6.09KOpen-market sale · Sep 29 · $682
CEOCFOOther officersDirectorsJunJulAugSepOctNovOption exercise · Jun 30 · $182K · 3 peopleOption exercise · Jun 30 · $63.5KOption exercise · Jul 17 · $21.1KOption exercise · Aug 7 · 44,916 sh · 6 peopleStock grant · Aug 7 · 7,486 shOption exercise · Sep 26 · $1.37KOpen-market sale · Jul 2 · $23.7K · 3 peopleOpen-market sale · Jul 2 · $15.7KOpen-market sale · Jul 20 · $6.09KOpen-market sale · Sep 29 · $682

Last 6 months. A wider screen shows 12.

Showing 14 real trades. Hidden: 1 stock grant, 3 tax withholdings, 21 option exercises, 1 planned 10b5-1 sale. Those happen on a schedule and say little about what an insider thinks. Bigger dot means a bigger trade.

Real trades, newest first

Sep 29 Michael Carlson President, Managed Services Open-market sale $682 146 sh at $4.67 Sold 1% of stake
Jul 20 Brian Musfeldt CFO Open-market sale $6.09K 996 sh at $6.11 Sold 30% of stake
Jul 2 Arun Narayanan CEO Open-market sale $15.7K 1,996 sh at $7.85 Sold 9% of stake
Jul 2 Michael Carlson President, Managed Services Open-market sale $10.6K 1,347 sh at $7.85 Sold 5% of stake
Jul 2 Matthew Tappin President, Software Products Open-market sale $7.82K 996 sh at $7.85 Sold 9% of stake
Jul 2 Saul Laureles Chief Legal Officer Open-market sale $5.3K 675 sh at $7.85 Sold 2% of stake
Mar 10 Arun Narayanan CEO Open-market sale $57.2K 5,145 sh at $11.12 Sold 28% of stake
Mar 10 Michael Carlson President, Managed Services Open-market sale $23.1K 2,079 sh at $11.12 Sold 10% of stake
Mar 10 Saul Laureles Chief Legal Officer Open-market sale $10.5K 942 sh at $11.12 Sold 3% of stake
Mar 10 Matthew Tappin President, Software Products Open-market sale $7.28K 655 sh at $11.12 Sold 17% of stake
Show 4 older real trades
Mar 4 Matthew Tappin President, Software Products Open-market sale $1.85K 185 sh at $10.00 Sold 7% of stake
Mar 3 Matthew Tappin President, Software Products Open-market sale $2.9K 300 sh at $9.67 Sold 10% of stake
Mar 3 Saul Laureles Chief Legal Officer Open-market sale $2.82K 292 sh at $9.67 Sold 1% of stake
Feb 20 Matthew Tappin President, Software Products Open-market sale $4.17K 366 sh at $11.40 Sold 14% of stake

Showing every filing. Dashed circles are routine: grants, tax withholding, option exercises and planned sales.

Top holders

Biggest funds in STEM

As of Jun 30, 2026
FundOwnsValueChange
Marshall Wace, LLP4.2%$3.17M+39%
Vanguard Capital Management LLC3.8%$2.82M+5%
BlackRock, Inc.1.7%$1.28M+22%
Trexquant Investment LP1.1%$864K+21%
Two Sigma Investments, LP1.1%$806K−41%

"Owns" is shares reported divided by shares outstanding.

Where this data comes from. Insider trades, fund holdings, activist stakes and company results come from public SEC EDGAR filings (Forms 4, 13F, 13D/13G, 10-Q and 8-K). Congress trades come from the STOCK Act reports members file with the House Clerk and the Senate. Daily closing prices come from post-no-preference/stocks on DoltHub, a community-run database shared under CC BY-SA 4.0; the prices we show stay under that license. They are each day's close, not live or official exchange prices.

This is data, not investment advice. About StockToast