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Stem Inc is a provider of energy storage systems. The company bundles third-party hardware with its proprietary Athena software to provide customers a turnkey solution. Stem sells its solutions to commercial and industrial customers as well as independent power producers and renewable developers. Its solutions help customers maximize renewable energy generation and help build a cleaner and more resilient grid. The Company operates as one operating segment that is focused exclusively on technology services that transform the way energy is distributed and consumed.
2009
569
LTM Revenue $147M
LTM EBITDA -$23.5M
$541M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Stem has a last 12-month revenue of $147M and a last 12-month EBITDA of -$23.5M.
In the most recent fiscal year, Stem achieved revenue of $145M and an EBITDA of -$790M.
Stem expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Stem valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $462M | $145M | XXX | XXX | XXX |
| Gross Profit | $33.1M | $3.7M | XXX | XXX | XXX |
| Gross Margin | 7% | 3% | XXX | XXX | XXX |
| EBITDA | -$78.7M | -$790M | XXX | XXX | XXX |
| EBITDA Margin | -17% | -547% | XXX | XXX | XXX |
| Net Profit | -$124M | -$140M | XXX | XXX | XXX |
| Net Margin | -27% | -97% | XXX | XXX | XXX |
| Net Debt | $362M | $418M | XXX | XXX | XXX |
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As of April 15, 2025, Stem's stock price is $0.
Stem has current market cap of $55.3M, and EV of $541M.
See Stem trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $541M | $55.3M | XXX | XXX | XXX | XXX | $-3.93 |
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Sign UpAs of April 15, 2025, Stem has market cap of $55.3M and EV of $541M.
Stem's trades at 3.7x LTM EV/Revenue multiple, and -23.0x LTM EBITDA.
Analysts estimate Stem's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Stem and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $541M | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | -0.7x | XXX | XXX | XXX |
| P/E | -0.1x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -11.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpStem's NTM/LTM revenue growth is 12%
Stem's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Stem's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Stem's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Stem and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -69% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -547% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 904% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -535% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 26% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 61% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 35% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 122% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Energy One | XXX | XXX | XXX | XXX | XXX | XXX |
| EnviroSuite | XXX | XXX | XXX | XXX | XXX | XXX |
| Hansen Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| RPMGlobal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Stem acquired XXX companies to date.
Last acquisition by Stem was XXXXXXXX, XXXXX XXXXX XXXXXX . Stem acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Stem founded? | Stem was founded in 2009. |
| Where is Stem headquartered? | Stem is headquartered in United States of America. |
| How many employees does Stem have? | As of today, Stem has 569 employees. |
| Who is the CEO of Stem? | Stem's CEO is Mr. Arun Narayanan. |
| Is Stem publicy listed? | Yes, Stem is a public company listed on NYS. |
| What is the stock symbol of Stem? | Stem trades under STEM ticker. |
| When did Stem go public? | Stem went public in 2021. |
| Who are competitors of Stem? | Similar companies to Stem include e.g. Chrysos Corp., Energy One, EnviroSuite, Hansen Technologies. |
| What is the current market cap of Stem? | Stem's current market cap is $55.3M |
| What is the current revenue of Stem? | Stem's last 12-month revenue is $147M. |
| What is the current EBITDA of Stem? | Stem's last 12-month EBITDA is -$23.5M. |
| What is the current EV/Revenue multiple of Stem? | Current revenue multiple of Stem is 3.7x. |
| What is the current EV/EBITDA multiple of Stem? | Current EBITDA multiple of Stem is -23.0x. |
| What is the current revenue growth of Stem? | Stem revenue growth between 2023 and 2024 was -69%. |
| Is Stem profitable? | Yes, Stem is EBITDA-positive (as of the last 12 months). |
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