Stem, Inc. (STEM) Q1 2025 Earnings Call Transcript

Stem, Inc. (NYSE:STEM) Q1 2025 Earnings Conference Call April 29, 2025 5:00 PM ET

Company Participants

Ted Durbin – Head, IR
Arun Narayanan – CEO
Doran Hole – CFO and EVP

Conference Call Participants

Justin Clare – ROTH Capital Partners
Thomas Boyes – TD Cowen
Dylan Nassano – Wolfe Research

Operator

Greetings, and welcome to the Stem, Inc. First Quarter 2025 Results Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference call is being recorded.

It’s now my pleasure to introduce Ted Durbin, Head of Investor Relations. Please go ahead.

Ted Durbin

Thank you, Operator. This is Ted Durbin, Head of Investor Relations at Stem. Welcome to our first quarter 2025 earnings call. Before we begin, please note that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause our results to differ materially from those projected in these statements. We therefore refer you to our latest 10-Q, 10-K filing and other SEC filings and the supplemental materials which can be found on our website.

Our comments today also include non-GAAP financial measures. Additional details and reconciliations to the most directly comparable GAAP financial measures can be found in our earnings release, which is on our website.

Arun Narayanan, CEO; and Doran Hole, CFO and EVP, will start the call today with prepared remarks and then we will take your questions.

And now I will turn the call over to Arun.

Arun Narayanan

Thanks Ted, hello everyone and thank you all for joining us today.

We made significant progress advancing our strategic priorities in the first quarter with early success evident in our results. But before diving into these results and our outlook, I want

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