Stem, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-14.4M | $-18.9M | $-23.8M | $202.5M | $-25.0M | $-148.3M | $-582.3M | $-72.3M |
| Depreciation & Amortization | — | $10.5M | — | — | $11.0M | — | — | $10.8M |
| Depreciation | $2.9M | $2.9M | $3.1M | $3.1M | $3.2M | $3.5M | $3.5M | $3.0M |
| Amortization | — | — | — | — | — | $7.0M | $6.7M | $6.6M |
| Stock-Based Compensation | — | $2.0M | — | — | $4.3M | — | — | $8.4M |
| Net Cash from Operating Activities | $342.0K | $-8.3M | $11.4M | $-21.3M | $8.5M | $-9.4M | $-11.9M | $-621.0K |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | $-48.0K | $48.0K | $0 | $51.0K | $116.0K | $61.0K |
| Business Acquisitions | — | — | — | — | — | — | — | $0 |
| Net Cash from Investing Activities | — | $-1.3M | — | — | $-3.6M | — | — | $4.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-2.8M | — | — | $-2.8M | — | — | $3.1M |
| Net Change in Cash | — | $-12.3M | — | — | $2.3M | — | — | $7.4M |
| Free Cash Flow | — | — | $11.4M | $-21.3M | $8.5M | $-9.5M | $-12.0M | $-682.0K |