v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 48,915 $ 56,299
Accounts receivable, net of allowances of $3,893 and $9,499 as of December 31, 2025 and December 31, 2024, respectively 38,353 59,316
Inventory 4,587 10,920
Other current assets 8,236 10,082
Total current assets 100,091 136,617
Energy storage systems, net 43,925 58,820
Contract origination costs, net 7,466 9,681
Intangible assets, net 123,028 143,912
Operating lease right-of-use assets 9,571 12,574
Other noncurrent assets 24,806 75,755
Total assets 308,887 437,359
Current liabilities:    
Accounts payable 10,310 30,147
Accrued liabilities 26,875 25,770
Accrued payroll 9,131 6,678
Financing obligation, current portion 13,792 16,521
Deferred revenue, current portion 43,625 43,255
Other current liabilities 6,832 6,429
Total current liabilities 110,565 128,800
Deferred revenue, noncurrent 85,251 85,900
Asset retirement obligation 4,349 4,203
Convertible notes, noncurrent 183,594 525,922
Senior secured notes, noncurrent 128,796 0
Financing obligation, noncurrent 29,590 41,627
Warrant liabilities 5,121 0
Lease liabilities, noncurrent 9,860 13,336
Other liabilities 820 35,404
Total liabilities 557,946 835,192
Commitments and contingencies (Note 19)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 0 0
Common stock, $0.0001 par value; 250,000,000 and 500,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 8,489,540 and 8,139,884 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 1 16
Additional paid-in capital 1,239,263 1,228,042
Accumulated other comprehensive income 41 76
Accumulated deficit (1,488,747) (1,626,508)
Total Stem's stockholders’ deficit (249,442) (398,374)
Non-controlling interests 383 541
Total stockholders’ deficit (249,059) (397,833)
Total liabilities and stockholders’ deficit $ 308,887 $ 437,359

Source

10-K XBRL Zip