Stem Q2 FY26 net loss turns to USD 14.4 million; revenue drops 12% to USD 33.7 million
STEM•Q2 FY26 results
- Stem posted Q2 revenue of $33.7 million, down 12% year over year, and a net loss of $14.4 million, swinging from profit.
- GAAP gross margin widened 8 percentage points to 41%.
- Adjusted EBITDA rose 63% to $6.2 million, marking a fifth straight quarter of positive results; operating cash flow improved to $0.3 million.
Guidance reaffirmed
- Stem reaffirmed guidance for revenue of $140 million to $190 million and adjusted EBITDA of $10 million to $15 million.
Bookings, backlog and software revenue
- Bookings climbed 39% from Q1 to $36.8 million.
- Contracted backlog increased 18% to $27.1 million.
- PowerTrack software revenue rose 11% year over year.
