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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and STEM, INC. (STEM). Click either name above to swap in a different company.

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $40.3M, roughly 1.2× Cambium Networks Corp). Cambium Networks Corp runs the higher net margin — -17.9% vs -33.9%, a 16.0% gap on every dollar of revenue. On growth, STEM, INC. posted the faster year-over-year revenue change (-15.6% vs -23.2%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs -27.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

CMBM vs STEM — Head-to-Head

Bigger by revenue
STEM
STEM
1.2× larger
STEM
$47.1M
$40.3M
CMBM
Growing faster (revenue YoY)
STEM
STEM
+7.6% gap
STEM
-15.6%
-23.2%
CMBM
Higher net margin
CMBM
CMBM
16.0% more per $
CMBM
-17.9%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
STEM
STEM
Revenue
$40.3M
$47.1M
Net Profit
$-7.2M
$-16.0M
Gross Margin
36.6%
48.9%
Operating Margin
-28.4%
-17.7%
Net Margin
-17.9%
-33.9%
Revenue YoY
-23.2%
-15.6%
Net Profit YoY
71.0%
68.8%
EPS (diluted)
$-0.26
$-4.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMBM
CMBM
STEM
STEM
Q4 25
$47.1M
Q3 25
$38.2M
Q2 25
$38.4M
Q1 25
$32.5M
Q4 24
$40.3M
$55.8M
Q3 24
$44.7M
$29.3M
Q2 24
$45.2M
$34.0M
Q1 24
$47.1M
$25.5M
Net Profit
CMBM
CMBM
STEM
STEM
Q4 25
$-16.0M
Q3 25
$-23.8M
Q2 25
$202.5M
Q1 25
$-25.0M
Q4 24
$-7.2M
$-51.1M
Q3 24
$-34.5M
$-148.3M
Q2 24
$-14.2M
$-582.3M
Q1 24
$-18.4M
$-72.3M
Gross Margin
CMBM
CMBM
STEM
STEM
Q4 25
48.9%
Q3 25
35.5%
Q2 25
33.4%
Q1 25
32.4%
Q4 24
36.6%
-4.4%
Q3 24
43.6%
21.2%
Q2 24
32.5%
27.6%
Q1 24
29.8%
-95.0%
Operating Margin
CMBM
CMBM
STEM
STEM
Q4 25
-17.7%
Q3 25
-33.6%
Q2 25
-34.8%
Q1 25
-65.0%
Q4 24
-28.4%
-84.4%
Q3 24
-69.6%
-493.2%
Q2 24
-27.2%
-1705.5%
Q1 24
-33.1%
-267.0%
Net Margin
CMBM
CMBM
STEM
STEM
Q4 25
-33.9%
Q3 25
-62.2%
Q2 25
527.8%
Q1 25
-76.9%
Q4 24
-17.9%
-91.6%
Q3 24
-77.3%
-506.3%
Q2 24
-31.5%
-1712.6%
Q1 24
-39.2%
-283.9%
EPS (diluted)
CMBM
CMBM
STEM
STEM
Q4 25
$-4.40
Q3 25
$-2.84
Q2 25
$-1.79
Q1 25
$-0.15
Q4 24
$-0.26
$-15.29
Q3 24
$-1.22
$-18.24
Q2 24
$-0.51
$-71.81
Q1 24
$-0.66
$-0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMBM
CMBM
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$48.9M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$-249.4M
Total Assets
$173.7M
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
STEM
STEM
Q4 25
$48.9M
Q3 25
$43.1M
Q2 25
$40.8M
Q1 25
$58.6M
Q4 24
$56.3M
Q3 24
$75.4M
Q2 24
$89.6M
Q1 24
$112.8M
Total Debt
CMBM
CMBM
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
STEM
STEM
Q4 25
$-249.4M
Q3 25
$-235.7M
Q2 25
$-214.1M
Q1 25
$-417.5M
Q4 24
$-3.2M
$-398.4M
Q3 24
$1.9M
$-344.1M
Q2 24
$34.1M
$-203.2M
Q1 24
$45.0M
$371.6M
Total Assets
CMBM
CMBM
STEM
STEM
Q4 25
$308.9M
Q3 25
$362.6M
Q2 25
$379.2M
Q1 25
$405.1M
Q4 24
$173.7M
$437.4M
Q3 24
$194.3M
$537.8M
Q2 24
$221.1M
$691.5M
Q1 24
$219.8M
$1.3B
Debt / Equity
CMBM
CMBM
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMBM
CMBM
STEM
STEM
Operating Cash FlowLast quarter
$-10.4M
$8.2M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
STEM
STEM
Q4 25
$8.2M
Q3 25
$11.4M
Q2 25
$-21.3M
Q1 25
$8.5M
Q4 24
$-10.4M
$-14.7M
Q3 24
$8.9M
$-9.4M
Q2 24
$2.4M
$-11.9M
Q1 24
$-15.9M
$-621.0K
Free Cash Flow
CMBM
CMBM
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-10.8M
Q3 24
$6.8M
Q2 24
$87.0K
Q1 24
$-17.4M
FCF Margin
CMBM
CMBM
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-26.8%
Q3 24
15.2%
Q2 24
0.2%
Q1 24
-37.0%
Capex Intensity
CMBM
CMBM
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.1%
Q3 24
4.8%
Q2 24
5.1%
Q1 24
3.3%
Cash Conversion
CMBM
CMBM
STEM
STEM
Q4 25
Q3 25
Q2 25
-0.11×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

STEM
STEM

Segment breakdown not available.

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