Stem annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Stem R&D Spending Growth & History (STEM)
Stem's r&d spending was $35.3M for fiscal 2025.
View full Stem company overviewStem annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $35.3M | −$16.0M | −31.17% |
| 2024 | 2024-12-31 | $51.3M | −$5.2M | −9.25% |
| 2023 | 2023-12-31 | $56.5M | $18.2M | +47.53% |
| 2022 | 2022-12-31 | $38.3M | $15.6M | +68.56% |
| 2021 | 2021-12-31 | $22.7M | $6.8M | +42.54% |
| 2020 | 2020-12-31 | $15.9M | $1.2M | +8.42% |
| 2019 | 2019-12-31 | $14.7M | — | — |
Stem quarterly r&d spending
Q2.20
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.5M | −$3.5M | −35.36% |
| Q1 2026 | 2026-03-31 | $6.6M | −$4.8M | −41.96% |
| Q4 2025 | 2025-12-31 | $7.1M | −$3.7M | −34.52% |
| Q3 2025 | 2025-09-30 | $6.9M | −$4.2M | −37.62% |
| Q2 2025 | 2025-06-30 | $10.0M | −$5.3M | −34.61% |
| Q1 2025 | 2025-03-31 | $11.3M | −$2.8M | −19.86% |
| Q4 2024 | 2024-12-31 | $10.8M | −$3.7M | −25.60% |
| Q3 2024 | 2024-09-30 | $11.1M | −$3.3M | −23.12% |
| Q2 2024 | 2024-06-30 | $15.3M | $1.1M | +7.95% |
| Q1 2024 | 2024-03-31 | $14.1M | $692,000 | +5.15% |
| Q4 2023 | 2023-12-31 | $14.5M | $4.6M | +46.77% |
| Q3 2023 | 2023-09-30 | $14.4M | $3.9M | +36.99% |
| Q2 2023 | 2023-06-30 | $14.2M | $5.2M | +57.94% |
| Q1 2023 | 2023-03-31 | $13.4M | $4.5M | +50.33% |
| Q4 2022 | 2022-12-31 | $9.9M | $2.6M | +36.70% |
| Q3 2022 | 2022-09-30 | $10.5M | $4.3M | +67.93% |
| Q2 2022 | 2022-06-30 | $9.0M | $4.1M | +85.68% |
| Q1 2022 | 2022-03-31 | $8.9M | $4.5M | +102.93% |
| Q4 2021 | 2021-12-31 | $7.2M | — | — |
| Q3 2021 | 2021-09-30 | $6.3M | $1.2M | +24.07% |
| Q2 2021 | 2021-06-30 | $4.8M | $1.2M | +33.38% |
| Q1 2021 | 2021-03-31 | $4.4M | — | — |
| Q3 2020 | 2020-09-30 | $5.1M | — | — |
| Q2 2020 | 2020-06-30 | $3.6M | — | — |
Stem r&d spending trends
Over the last five fiscal years, Stem's r&d spending increased from $15.9M to $35.3M, a change of $19.4M. The latest reported quarter, Q2 2026, shows $6.5M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Stem source filings ↗