Stem

Intelligent energy storage and predictive energy software.

Launch date

Aug 2009

Employees

Market cap

Enterprise valuation

AUD802m (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
-	Activate Capital Elemental Excelerator Magnesium Capital Veronorte Greener Capital	N/A	-
Apr 2015*	BloombergNEF	N/A	Support Program
Apr 2015	GE Ventures Mitsui Global Investment Angeleno Group TotalEnergies Carbon Neutrality Ventures Constellation Technology Ventures PERSEO	$12.0m	Series C
Aug 2015	Constellation Technology Ventures	$33.0m	Series C
May 2016	Mithril Capital Management	$15.0m	Series C
Aug 2016	Starwood Energy Group Global	$100m	Growth Equity VC
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		AUD758m

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

ACQUISITION by Stem Dec 2021

ACQUISITION by Stem Mar 2023