STEM, INC. (STEM)
CIK 1758766 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 9.6M shares as of Aug 5, 2026 (10-Q). Share count fell from 166.4M to 8.4M between Apr 22, 2025 and Jul 31, 2025, a pattern consistent with a reverse split (roughly 1-for-20); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Self-funding
profitable · generates cash
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| A2030 Private Placement Warrants | not tagged | $30 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Aug 13, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 50.2M underlying shares, as reported Apr 28, 2021 (10-Q).
Reported exercise price: $0.01 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $304.3M as of Jun 30, 2021.
Down-round (price protection) accounting has been tagged in this filer’s XBRL: some instrument carries repricing protection. Which tranche requires reading the exhibits.
Rough fully diluted estimate: 59.8M = 9.6M O/S + 50.2M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| 2028 Convertible Notes | $460.0M | $68.2M | $584.86 | 0.5% | ~786,513 sh |
| 2028 Convertible Notes and 2030 Convertible Notes | not tagged | $343.9M | not tagged | — | — |
| 2030 Convertible Notes | $240.0M | $118.7M | $142.55 | 4.25% | ~1.7M sh |
| Secured Debt | not tagged | — | $6.23 | — | — |
If every note above converted at its tagged price: ~2.5M new shares on 9.6M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 13, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 9.6M | Aug 5, 2026 |
| + Warrants (aggregate, as tagged) (if exercised) | 50.2M | Apr 28, 2021 |
| + 2028 Convertible Notes (if fully converted) | 786,513 | Nov 22, 2021 |
| + 2030 Convertible Notes (if fully converted) | 1.7M | Apr 3, 2023 |
| Fully diluted estimate | 62.3M | +547.2% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $223.3Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 3 executed · 3 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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