Stem, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $137.8M | $-854.0M | $-140.4M | $-124.1M | $-101.2M | $-156.1M | $-59.4M |
| Depreciation & Amortization | $44.9M | $45.0M | $46.3M | $45.4M | $24.5M | $17.7M | $13.9M |
| Depreciation | $12.5M | $13.4M | $14.4M | $14.9M | $14.4M | $13.9M | $9.7M |
| Amortization | $15.3M | $15.3M | $15.7M | $16.8M | $0 | $0 | $3.1M |
| Stock-Based Compensation | $10.2M | $18.5M | $45.1M | $28.7M | $13.5M | $4.5M | $1.5M |
| Net Cash from Operating Activities | $6.9M | $-36.7M | $-207.4M | $-106.0M | $-101.3M | $-33.7M | $-29.7M |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $217.0K | $1.5M | $1.5M | $600.0K | $12.0K | $7.0K |
| Business Acquisitions | $0 | $0 | $1.8M | $533.0M | $0 | $0 | — |
| Net Cash from Investing Activities | $-6.6M | $-3.5M | $135.7M | $-544.4M | $-185.2M | $-12.0M | $-46.4M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-7.6M | $-8.4M | $90.2M | $-9.3M | $1.03B | $40.3M | $67.2M |
| Net Change in Cash | $-7.4M | $-48.4M | $18.6M | $-659.9M | $740.8M | $-5.9M | $-9.0M |
| Free Cash Flow | $6.9M | $-36.9M | $-208.9M | $-107.5M | $-101.9M | $-33.7M | $-29.7M |