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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue      
Total revenue $ 362,980 $ 127,371 $ 36,307
Cost of revenue      
Total cost of revenue 329,888 126,124 40,219
Gross margin 33,092 1,247 (3,912)
Operating expenses      
Sales and marketing 48,882 19,950 14,829
Research and development 38,303 22,723 15,941
General and administrative 77,028 41,648 14,705
Total operating expenses 164,213 84,321 45,475
Loss from operations (131,121) (83,074) (49,387)
Other expense, net      
Interest expense (10,468) (17,395) (20,806)
Loss on extinguishment of debt 0 (5,064) 0
Change in fair value of warrants and embedded derivatives 0 3,424 (84,455)
Other income (expense), net 2,374 898 (1,471)
Total other expense, net (8,094) (18,137) (106,732)
Loss before benefit from (provision for) income taxes (139,215) (101,211) (156,119)
Benefit from (provision for) income taxes 15,161 0 (5)
Net loss $ (124,054) $ (101,211) $ (156,124)
Net loss per share attributable to Stem common shareholders, basic (in dollars per share) $ (0.81) $ (0.96) $ (4.13)
Net loss per share attributable to Stem common shareholders, diluted (in dollars per share) $ (0.81) $ (0.96) $ (4.13)
Weighted-average shares used in computing net loss per share to Stem common shareholders, diluted (in shares) 153,413,743 105,561,139 40,064,087
Weighted-average shares used in computing net loss per share to Stem common shareholders, diluted (in shares) 153,413,743 105,561,139 40,064,087
Services and other revenue      
Revenue      
Total revenue $ 52,143 $ 20,463 $ 15,645
Cost of revenue      
Total cost of revenue 43,153 28,177 21,187
Hardware revenue      
Revenue      
Total revenue 310,837 106,908 20,662
Cost of revenue      
Total cost of revenue $ 286,735 $ 97,947 $ 19,032