STEM

Stem, Inc.

Stem, Inc. is classed by the SEC under Services-Computer Integrated Systems Design (industry code 7373), based in Houston, TX. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $156 million and a profit of $138 million (its filed statements).

Service-attach business Services-Computer Integrated Systems Design Houston, TX filings since 2018 8 of 9 filed, 1 estimated

Sector peers: SMRTMRLNOSPNAGYS

4.8/10headline grade
vs its business-model standard

Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a service-attach business: prior from its industry code (SEC 7373, Services-Computer Integrated Systems Design); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.

The grade, in three tenses

Headline 4.8 out of ten, 8 of 9 metrics filed and 1 estimated: past 5.0 out of ten, present 4.0 out of ten, future 5.5 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

  • Surviving crises (past): 1.6 out of ten. 4 warning events since 2018; the latest 2026-03-17. 16th percentile among 45 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Track record (past): 5.3 out of ten. +44% a year over 7 filed years; profitable in 1 of 7. 53rd percentile among 38 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Shareholder treatment (past): 9.6 out of ten. CrossAssetData estimate 9.6/10, confidence 35 of 100 (one part). 96th percentile among 41 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
  • Financial health (present): 2.8 out of ten. Leverage 181%: owes 181¢ per asset dollar. 28th percentile among 41 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Industry position (present): 5.7 out of ten. top 43% of 40 in its family; net margin 88.2%. 57th percentile among 40 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Leadership (present): 2.4 out of ten. bottom 24% of 25 in its family for leadership; chief executive since 2025. 24th percentile among 25 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
  • Room to expand (future): 6.0 out of ten. top 40% of 39 in its family for room to expand. 60th percentile among 39 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Growth drivers (future): 2.9 out of ten. bottom 29% of 38 in its family for growth drivers. 29th percentile among 38 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Expectations vs reality (future): 8.7 out of ten. top 13% of 32 in its family for expectations against reality. 87th percentile among 32 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-03-05 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-13 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-05-06 (on EDGAR). Newest filing: Form 144, 2026-09-29. Filings on record since 2018. Read from EDGAR 2026-10-12.

Where the revenue comes from

Product and service lines in fiscal 2025: Edge Hardware 34%, Power Track Software 24%, Managed Services 19%, Project and Professional Services and Other 13%, Battery Hardware Resale 10%. By geography: United States 95%, Rest of the world 5%. As tagged in its annual report (Form 10-K, filed 2026-03-05).

Who runs it

Buzby, David S (Executive Chair of Board and Interim CEO); Narayanan, Arun (Chief Executive Officer); Carlson, Michael James (President, Managed Services); Tappin, Matthew (President, Software Products); Musfeldt, Brian (Chief Financial Officer); Laureles, Saul R. (Chief Legal Officer); Cabot, Jeffrey T (Chief Accounting Officer); Shukla, Rahul (Chief Accounting Officer); Birns, Ira M (director); Daley, Adam (director); and 4 more. 14 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.

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