Key Highlights

  • The third-quarter 2026 release is set for November 16, 2026, after a move from November 5 for logistical reasons.
  • Revenue for the second quarter reached USD 33.7 million, a 12% drop from USD 38.4 million a year before, and the net loss totalled USD 14.4 million, or USD 1.58 per share.
  • Adjusted EBITDA rose 63% to USD 6.2 million from USD 3.8 million, a fifth consecutive positive quarter, and the 2026 adjusted EBITDA target of USD 10 million to USD 15 million was kept.
  • Convertible notes were carried at USD 184.0 million on June 30, 2026, against USD 38.4 million of cash, a backdrop for the third-quarter report.

Market Value and the Second-Quarter Base Ahead of the Stem, Inc. (NYSE:STEM) Release

Stem, Inc. (NYSE:STEM) will publish its Q3 2026 numbers on Monday, November 16, 2026, after the market closes. The date was moved from November 5 for logistical reasons. Published market figures place market Capitalization near USD 21 million, a number that rests on a USD 2.29 share price and roughly 9.1 million weighted shares. Second-quarter Revenue came in at USD 33.7 million after USD 29.0 million in the first quarter, so first-half revenue totals USD 62.7 million, by calculation.

Margin Gains, Bookings Momentum and Reaffirmed Targets at Stem, Inc. (NYSE:STEM)

Stem, Inc. (NYSE:STEM) reported revenue down 12% to USD 33.7 million in the quarter ended June 30, 2026, even as adjusted EBITDA rose to USD 6.2 million. Gross Margin came in at 41% under GAAP and 55% on a non-GAAP basis. Bookings climbed 39% to USD 36.8 million from USD 26.5 million, contracted Backlog grew 18% to USD 27.1 million, and annual Recurring Revenue reached USD 62.4 million. The 2026 outlook was reaffirmed, covering USD 140 million to USD 190 million in revenue and USD 10 million to USD 15 million in adjusted EBITDA, while non-GAAP gross margin targets of 40% to 50% stand, and year-end annual recurring revenue should land between USD 65 million and USD 70 million.

Cash Against Convertible and Senior Secured Notes at Stem, Inc. (NYSE:STEM)

On June 30, 2026, the company held USD 38.4 million in cash, against noncurrent convertible notes of USD 184.0 million and senior secured notes of USD 135.2 million, which add up to USD 319.2 million by calculation. A financing obligation contributes USD 24.0 million noncurrent and USD 13.2 million current. Only USD 0.3 million of operating cash came in during the quarter. With market capitalization below USD 100 million, the shares are small-cap, and they can be volatile and thinly traded. Key risks are lumpy hardware resale revenue, leverage, project timing and delivering against a wide revenue guidance range.

Where Things Stand

Stem, Inc. (NYSE:STEM) approaches its November 16, 2026 release. The second quarter brought USD 33.7 million in revenue, USD 6.2 million of adjusted EBITDA and USD 38.4 million of cash. Guidance of USD 140 million to USD 190 million in revenue was reaffirmed, and by calculation the second half would need USD 77.3 million to USD 127.3 million, using first-half revenue of USD 62.7 million as the base. Bookings of USD 36.8 million, the USD 27.1 million backlog and USD 62.4 million of annual recurring revenue are the figures to check for continuity. The year-end range for annual recurring revenue, USD 65 million to USD 70 million, is unchanged. This piece is for information only and offers no Investment recommendation.