Stem’s Financial Turnaround: Has the Corner Truly Been Turned?

Stem’s latest quarterly report reveals a company in the midst of a significant operational transformation. For Q3 2025, the energy storage specialist posted a 31% revenue surge to $38.2 million, marking the second consecutive quarter of positive adjusted EBITDA. Despite these fundamental improvements, investor sentiment remains cautious, with the stock price showing only a muted response to the news.

The most compelling evidence of Stem’s progress lies in its profitability metrics. The company achieved an adjusted EBITDA of $2.0 million, representing a substantial reversal from the $3.5 million loss recorded during the same period last year. Gross margins expanded significantly from 21% to 35%, while the net loss narrowed dramatically to $23.8 million from $148.3 million in the Read more...