Stem annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Stem Free Cash Flow (FCF) History (STEM)
Stem reported $6.9M in free cash flow for fiscal 2025, an increase of $43.7M from the previous fiscal year, with a free cash flow margin of 4.39%.
View full Stem company overviewStem free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $6.9M | $43.7M | — | +4.39% |
| 2024 | 2024-12-31 | −$36.9M | $172.0M | — | −25.50% |
| 2023 | 2023-12-31 | −$208.9M | −$101.4M | — | −45.26% |
| 2022 | 2022-12-31 | −$107.5M | −$5.7M | — | −29.62% |
| 2021 | 2021-12-31 | −$101.9M | −$68.2M | — | −79.98% |
| 2020 | 2020-12-31 | −$33.7M | −$33.7M | — | −92.77% |
| 2019 | 2019-12-31 | −$24,473 | — | — | −0.14% |
Stem quarterly free cash flow
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$867,000 | $20.5M | — | −2.58% |
| Q1 2026 | 2026-03-31 | −$9.7M | −$18.2M | — | −33.32% |
| Q4 2025 | 2025-12-31 | $8.2M | $22.9M | — | +17.43% |
| Q3 2025 | 2025-09-30 | $11.3M | $20.8M | — | +29.65% |
| Q2 2025 | 2025-06-30 | −$21.3M | −$9.3M | — | −55.57% |
| Q1 2025 | 2025-03-31 | $8.5M | $9.2M | — | +26.25% |
| Q4 2024 | 2024-12-31 | −$14.7M | −$11.5M | — | −26.37% |
| Q3 2024 | 2024-09-30 | −$9.5M | −$5.4M | — | −32.38% |
| Q2 2024 | 2024-06-30 | −$12.0M | $153.5M | — | −35.30% |
| Q1 2024 | 2024-03-31 | −$682,000 | $35.3M | — | −2.68% |
| Q4 2023 | 2023-12-31 | −$3.2M | $34.2M | — | −1.93% |
| Q3 2023 | 2023-09-30 | −$4.1M | $32.8M | — | −3.08% |
| Q2 2023 | 2023-06-30 | −$165.5M | −$157.8M | — | −178.11% |
| Q1 2023 | 2023-03-31 | −$36.0M | −$8.7M | — | −53.38% |
| Q4 2022 | 2022-12-31 | −$37.4M | −$5.1M | — | −24.06% |
| Q3 2022 | 2022-09-30 | −$36.9M | −$9.5M | — | −37.10% |
| Q2 2022 | 2022-06-30 | −$7.8M | $32.6M | — | −11.58% |
| Q1 2022 | 2022-03-31 | −$27.3M | −$25.5M | — | −66.40% |
| Q4 2021 | 2021-12-31 | −$32.3M | −$30.9M | — | −61.24% |
| Q3 2021 | 2021-09-30 | −$27.4M | — | — | −68.82% |
| Q2 2021 | 2021-06-30 | −$40.3M | — | — | −208.44% |
| Q1 2021 | 2021-03-31 | −$1.8M | — | — | −11.85% |
| Q3 2020 | 2020-09-30 | −$1.4M | — | — | −15.67% |
Stem free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$33.7M to $6.9M, a net increase of $40.5M. Stem's latest reported quarter, Q2 2026, generated −$867,000 in free cash flow, an increase of $20.5M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Stem filings at SEC.gov ↗