Filing Analysis
Stem, Inc. announced its financial results for the first quarter ended March 31, 2026. The company furnished the earnings press release and investor slides as part of the filing.
Key Facts
- Financial results announced for the quarter ended March 31, 2026
- Filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
- Earnings press release and slides were made available on the company's investor relations website
- Report was signed by Saul R. Laureles, Chief Legal Officer and Secretary
Stem, Inc. dismissed Deloitte & Touche LLP as its independent auditor and appointed RSM US LLP, effective March 12, 2026. The transition appears standard with no reported disagreements or financial statement qualifications for the prior two fiscal years.
Red Flags
- Change in auditor can sometimes signal underlying accounting disputes not yet classified as formal disagreements
Key Facts
- Dismissed Deloitte & Touche LLP on March 12, 2026
- Appointed RSM US LLP for the fiscal year ending December 31, 2026
- No disagreements or reportable events cited for FY 2024 or 2025
- Deloitte's previous audit reports for 2024 and 2025 were unqualified and contained no modifications
Stem, Inc. has entered into an at-the-market (ATM) equity offering program to sell up to $30 million of its common stock through Jefferies LLC. The sales will occur from time to time at prevailing market prices on the NYSE.
Red Flags
- Potential for significant shareholder dilution through the issuance of up to $30 million in new equity
- Reliance on equity markets for liquidity
Key Facts
- Agreement Date: March 6, 2026
- Agent: Jefferies LLC
- Maximum Offering Amount: $30,000,000
- Agent Commission: Up to 3.0% of gross proceeds
- Registration: Shares offered under Form S-3 (No. 333-291820) effective December 11, 2025
Stem, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2025. The filing includes the formal press release and references investor presentation materials available on the company's website.
Key Facts
- Reported financial results for Q4 and full year 2025 on March 4, 2026.
- The information was furnished under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
- Exhibit 99 contains the full earnings press release.
- The company provided links to investor slides and supplemental materials on its investor relations website.