Stem Reports $19 Million Net Income in Q2 2023, a 159% YoY Boost

The company's revenue stood at $93 million, a YoY increase of 39%

August 4, 2023

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Smart energy storage company Stem reported a net income of $19.1 million during the second quarter (Q2) of 2023, showing a significant year-over-year (YoY) improvement of 159.6% from a loss of $32 million.

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Gautamee Hazarika

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Stem Reports $19 Million Net Income in Q2 2023, a 159% YoY Boost

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