Filing Flows › Stem (STEM) › Q4 2024
Stem (STEM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 5, 2025
Stem (STEM) reported revenue of $55.8M for the fourth quarter 2024 (Q4 2024), -67% from a year earlier and +91% from the quarter before. Operating margin was -84.4%, net loss $51.1M (91.6% of revenue).
Stem, Q4 2024: revenue $55.8M (-67% year over year), operating margin -84.4%, net loss $51.1M, operating cash flow −$14.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.8M | +91% | -67% |
| Operating profit | −$47.1M | — | — |
| Net earnings | −$51.1M | — | — |
| Operating cash flow | −$14.7M | — | — |
What changed
Revenue was $55.8M in Q4 2024, down 67% year over year and up 91% from the previous quarter. Hardware revenue was the largest line at 72% of revenue.
Operating costs exceeded revenue by $47.1M, an operating margin of -84.4%. The fastest-growing cost line was General & admin (+63%). The quarter ended with a net loss of $51.1M, narrower than the previous quarter's $148.3M loss.
Operating cash flow was −$14.7M. Non-cash charges added back $11.8M of depreciation and amortization. Working capital and other items added $24.7M. Capital expenditures of −$11K exceeded it, leaving free cash flow of −$14.7M.
Questions
What was Stem's revenue in the fourth quarter 2024?
Stem (STEM) reported revenue of $55.8M for the fourth quarter 2024 (Q4 2024), -67% from a year earlier and +91% from the quarter before.
Was Stem profitable in the fourth quarter 2024?
Operating loss was $47.1M (-84.4% of revenue) and net loss $51.1M.
Source: Stem 10-K on SEC EDGAR.