Stem annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Stem Operating Expenses Growth & History (STEM)
Stem's operating expenses was $115.6M for fiscal 2025.
View full Stem company overviewStem annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $115.6M | −$712.8M | −86.04% |
| 2024 | 2024-12-31 | $828.4M | $645.4M | +352.73% |
| 2023 | 2023-12-31 | $183.0M | $18.8M | +11.43% |
| 2022 | 2022-12-31 | $164.2M | $79.9M | +94.75% |
| 2021 | 2021-12-31 | $84.3M | $38.8M | +85.42% |
| 2020 | 2020-12-31 | $45.5M | $45.5M | +436907.50% |
| 2019 | 2019-12-31 | $10,406 | — | — |
Stem quarterly operating expenses
Q1.20
Q2.20
Q3.20
Q4.20
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $21.6M | −$4.6M | −17.54% |
| Q1 2026 | 2026-03-31 | $25.1M | −$6.6M | −20.87% |
| Q4 2025 | 2025-12-31 | $31.4M | −$13.3M | −29.80% |
| Q3 2025 | 2025-09-30 | $26.4M | −$124.2M | −82.46% |
| Q2 2025 | 2025-06-30 | $26.1M | −$563.1M | −95.56% |
| Q1 2025 | 2025-03-31 | $31.7M | −$12.1M | −27.69% |
| Q4 2024 | 2024-12-31 | $44.7M | $93,000 | +0.21% |
| Q3 2024 | 2024-09-30 | $150.6M | $102.7M | +213.98% |
| Q2 2024 | 2024-06-30 | $589.2M | $542.5M | +1160.64% |
| Q1 2024 | 2024-03-31 | $43.8M | $175,000 | +0.40% |
| Q4 2023 | 2023-12-31 | $44.6M | −$1.7M | −3.60% |
| Q3 2023 | 2023-09-30 | $48.0M | $6.3M | +14.99% |
| Q2 2023 | 2023-06-30 | $46.7M | $9.1M | +24.27% |
| Q1 2023 | 2023-03-31 | $43.6M | $5.0M | +13.08% |
| Q4 2022 | 2022-12-31 | $46.3M | $17.7M | +62.19% |
| Q3 2022 | 2022-09-30 | $41.7M | $19.5M | +87.39% |
| Q2 2022 | 2022-06-30 | $37.6M | $13.9M | +58.34% |
| Q1 2022 | 2022-03-31 | $38.6M | $28.8M | +295.22% |
| Q4 2021 | 2021-12-31 | $28.5M | $4.1M | +16.61% |
| Q3 2021 | 2021-09-30 | $22.3M | $11.5M | +107.33% |
| Q2 2021 | 2021-06-30 | $23.8M | $13.5M | +131.41% |
| Q1 2021 | 2021-03-31 | $9.8M | $9.8M | +887718.18% |
| Q4 2020 | 2020-12-31 | $24.5M | — | — |
| Q3 2020 | 2020-09-30 | $10.7M | — | — |
| Q2 2020 | 2020-06-30 | $10.3M | — | — |
| Q1 2020 | 2020-03-31 | $1,100 | — | — |
Stem operating expenses trends
Over the last five fiscal years, Stem's operating expenses increased from $45.5M to $115.6M, a change of $70.2M. The latest reported quarter, Q2 2026, shows $21.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Stem source filings ↗