Stem Q2 2026 adjusted EBITDA rises to $6 million as software-led mix lifts non-GAAP gross margin to 55%

Reuters2026/08/12 21:01

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In Q2 2026, revenue fell 12% to USD 34 million as battery hardware resale revenue dropped to USD 300,000 from USD 5 million.
Software, services, edge hardware revenue rose 1% to USD 33 million; PowerTrack software revenue climbed 11% to USD 11 million.
Non-GAAP gross margin hit a record 55%, driven by mix shift toward higher-margin software, services, edge hardware, with limited battery resales.
Adjusted EBITDA rose to USD 6 million from USD 4 million; operating cash flow improved to USD 300,000 from negative USD 8 million sequentially.
Guidance reaffirmed: revenue USD 140-190 million, adjusted EBITDA USD 10-15 million, non-GAAP gross margin 40%-50%, year-end ARR USD 65-70 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stem Inc. published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Stem Q2 2026 adjusted EBITDA rises to $6 million as software-led mix lifts non-GAAP gross margin to 55%

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