Stem(STEM) - 2025 Q1 - Quarterly Results

Exhibit 99 Stem Announces First Quarter 2025 Results Achieved strong GAAP and non-GAAP gross margins The definitions of bookings, contracted backlog, and CARR have been revised versus prior period disclosure. Thus, related 4Q24 operating metrics in this press release have been recalculated under the revised definitions to achieve a more accurate comparison. See table titled "Key Financial Results and Operating Metrics" for these new definitions. * First quarter of positive operating cash flow in company his ...