Stem

Intelligent energy storage and predictive energy software.

Launch date

Aug 2009

Employees

Market cap

Enterprise valuation

€472m (Public information from Sep 2024)

Millbrae California (HQ)

http://stem.com

https://twitter.com/stempowered https://www.linkedin.com/company/stem-inc/https://apps.apple.com/app/id1439754600

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Revenues, earnings & profits over time

USD	2020	2021	2022	2023	2024	2025	2026
Revenues	36.3m	127m	363m	462m	256m	614m	752m
% growth	107 %	251 %	185 %	27 %	(45 %)	140 %	22 %
EBITDA	(33.1m)	(57.7m)	(83.3m)	(130m)	(27.8m)	12.1m	61.8m
% EBITDA margin	(91 %)	(45 %)	(23 %)	(28 %)	(11 %)	2 %	8 %
Profit	(156m)	(101m)	(124m)	(140m)	(713m)	(92.7m)	(51.4m)
% profit margin	(430 %)	(79 %)	(34 %)	(30 %)	(279 %)	(15 %)	(7 %)
EV / revenue	27.0x	17.5x	4.6x	2.3x	2.2x	0.8x	0.6x
EV / EBITDA	-29.6x	-38.6x	-19.9x	-8.3x	-20.4x	42.9x	7.6x
R&D budget	15.9m	22.7m	38.3m	56.5m	-	-	-
R&D % of revenue	44 %	18 %	11 %	12 %	-	-	-

Date	Investors	Amount	Round
-	GE Ventures Mithril Capital Management TotalEnergies Carbon Neutrality Ventures Angeleno Group Constellation Technology Ventures Activate Capital Elemental Excelerator Magnesium Capital Veronorte Starwood Energy Group Global Greener Capital BloombergNEF Mitsui Global Investment PERSEO	N/A	-
Jan 2018*	BNP Paribas Temasek Ontario Teachers’ Pension Plan Activate Capital	$110m	Series D
Jul 2018	Ontario Teachers’ Pension Plan	$153m	Growth Equity VC
Nov 2019	WIND Ventures	$30.0m	Series E
Apr 2021	N/A	N/A	SPAC IPO
Mar 2023*	N/A	$175m	Post IPO Convertible
Total Funding		€446m

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by Stem Dec 2021

ACQUISITION by Stem Mar 2023