CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 40,790	$ 56,299
Accounts receivable, net of allowances of $6,113 and $9,499 as of June 30, 2025 and December 31, 2024, respectively	42,843	59,316
Inventory	4,599	10,920
Other current assets	10,993	10,082
Total current assets	99,225	136,617
Energy storage systems, net	50,962	58,820
Contract origination costs, net	8,805	9,681
Intangible assets, net	135,158	143,912
Operating lease right-of-use assets	11,258	12,574
Other noncurrent assets	73,808	75,755
Total assets	379,216	437,359
Current liabilities:
Accounts payable	11,430	30,147
Accrued liabilities	30,422	25,770
Accrued payroll	6,257	6,678
Financing obligation, current portion	14,983	16,521
Deferred revenue, current portion	42,089	43,255
Other current liabilities	6,877	6,429
Total current liabilities	112,058	128,800
Deferred revenue, noncurrent	84,273	85,900
Asset retirement obligation	4,256	4,203
Convertible notes, noncurrent	183,186	525,922
Senior secured notes, noncurrent	126,709	0
Financing obligation, noncurrent	33,369	41,627
Warrant liabilities	1,899	0
Lease liabilities, noncurrent	11,644	13,336
Other liabilities	35,301	35,404
Total liabilities	592,695	835,192
Commitments and contingencies (Note 13)
Stockholders’ deficit:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized as of June 30, 2025 and December 31, 2024; zero shares issued and outstanding as of June 30, 2025 and December 31, 2024	0	0
Common stock, $0.0001 par value; 250,000,000 and 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively; 8,358,552 and 8,139,884 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	1	16
Additional paid-in capital	1,234,571	1,228,042
Accumulated other comprehensive income	348	76
Accumulated deficit	(1,448,977)	(1,626,508)
Total Stem’s stockholders’ deficit	(214,057)	(398,374)
Non-controlling interests	578	541
Total stockholders’ deficit	(213,479)	(397,833)
Total liabilities and stockholders’ deficit	$ 379,216	$ 437,359