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Side-by-side financial comparison of STEM, INC. (STEM) and TrueCar, Inc. (TRUE). Click either name above to swap in a different company.

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $43.2M, roughly 1.1× TrueCar, Inc.). TrueCar, Inc. runs the higher net margin — 11.6% vs -33.9%, a 45.5% gap on every dollar of revenue. On growth, TrueCar, Inc. posted the faster year-over-year revenue change (-7.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 2.3%).

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.

TrueCar, Inc. is an American car retailing website company headquartered in Santa Monica, California. It also maintains a sales office in Austin, Texas.

STEM vs TRUE — Head-to-Head

Bigger by revenue
STEM
STEM
1.1× larger
STEM
$47.1M
$43.2M
TRUE
Growing faster (revenue YoY)
TRUE
TRUE
+8.4% gap
TRUE
-7.2%
-15.6%
STEM
Higher net margin
TRUE
TRUE
45.5% more per $
TRUE
11.6%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
2.3%
TRUE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
STEM
STEM
TRUE
TRUE
Revenue
$47.1M
$43.2M
Net Profit
$-16.0M
$5.0M
Gross Margin
48.9%
Operating Margin
-17.7%
-17.0%
Net Margin
-33.9%
11.6%
Revenue YoY
-15.6%
-7.2%
Net Profit YoY
68.8%
185.7%
EPS (diluted)
$-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
STEM
STEM
TRUE
TRUE
Q4 25
$47.1M
Q3 25
$38.2M
$43.2M
Q2 25
$38.4M
$47.0M
Q1 25
$32.5M
$44.8M
Q4 24
$55.8M
$46.2M
Q3 24
$29.3M
$46.5M
Q2 24
$34.0M
$41.8M
Q1 24
$25.5M
$41.1M
Net Profit
STEM
STEM
TRUE
TRUE
Q4 25
$-16.0M
Q3 25
$-23.8M
$5.0M
Q2 25
$202.5M
$-7.6M
Q1 25
$-25.0M
$-10.1M
Q4 24
$-51.1M
$-5.8M
Q3 24
$-148.3M
$-5.8M
Q2 24
$-582.3M
$-13.5M
Q1 24
$-72.3M
$-5.8M
Gross Margin
STEM
STEM
TRUE
TRUE
Q4 25
48.9%
Q3 25
35.5%
Q2 25
33.4%
Q1 25
32.4%
Q4 24
-4.4%
Q3 24
21.2%
Q2 24
27.6%
Q1 24
-95.0%
Operating Margin
STEM
STEM
TRUE
TRUE
Q4 25
-17.7%
Q3 25
-33.6%
-17.0%
Q2 25
-34.8%
-18.3%
Q1 25
-65.0%
-25.0%
Q4 24
-84.4%
-15.4%
Q3 24
-493.2%
-15.9%
Q2 24
-1705.5%
-36.3%
Q1 24
-267.0%
-18.2%
Net Margin
STEM
STEM
TRUE
TRUE
Q4 25
-33.9%
Q3 25
-62.2%
11.6%
Q2 25
527.8%
-16.2%
Q1 25
-76.9%
-22.6%
Q4 24
-91.6%
-12.7%
Q3 24
-506.3%
-12.5%
Q2 24
-1712.6%
-32.3%
Q1 24
-283.9%
-14.2%
EPS (diluted)
STEM
STEM
TRUE
TRUE
Q4 25
$-4.40
Q3 25
$-2.84
Q2 25
$-1.79
Q1 25
$-0.15
Q4 24
$-15.29
Q3 24
$-18.24
Q2 24
$-71.81
Q1 24
$-0.46

Balance Sheet & Financial Strength

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

Metric
STEM
STEM
TRUE
TRUE
Cash + ST InvestmentsLiquidity on hand
$48.9M
$103.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-249.4M
$114.2M
Total Assets
$308.9M
$148.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STEM
STEM
TRUE
TRUE
Q4 25
$48.9M
Q3 25
$43.1M
$103.2M
Q2 25
$40.8M
$92.5M
Q1 25
$58.6M
$98.0M
Q4 24
$56.3M
$111.8M
Q3 24
$75.4M
$114.5M
Q2 24
$89.6M
$128.0M
Q1 24
$112.8M
$133.7M
Stockholders' Equity
STEM
STEM
TRUE
TRUE
Q4 25
$-249.4M
Q3 25
$-235.7M
$114.2M
Q2 25
$-214.1M
$106.4M
Q1 25
$-417.5M
$111.1M
Q4 24
$-398.4M
$118.1M
Q3 24
$-344.1M
$128.0M
Q2 24
$-203.2M
$143.9M
Q1 24
$371.6M
$156.0M
Total Assets
STEM
STEM
TRUE
TRUE
Q4 25
$308.9M
Q3 25
$362.6M
$148.7M
Q2 25
$379.2M
$139.8M
Q1 25
$405.1M
$145.0M
Q4 24
$437.4M
$159.7M
Q3 24
$537.8M
$167.5M
Q2 24
$691.5M
$183.0M
Q1 24
$1.3B
$193.5M

Cash Flow & Capital Efficiency

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

Metric
STEM
STEM
TRUE
TRUE
Operating Cash FlowLast quarter
$8.2M
$12.7M
Free Cash FlowOCF − Capex
$11.2M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-19.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STEM
STEM
TRUE
TRUE
Q4 25
$8.2M
Q3 25
$11.4M
$12.7M
Q2 25
$-21.3M
$-2.8M
Q1 25
$8.5M
$-7.9M
Q4 24
$-14.7M
$5.9M
Q3 24
$-9.4M
$1.8M
Q2 24
$-11.9M
$-2.0M
Q1 24
$-621.0K
$2.0M
Free Cash Flow
STEM
STEM
TRUE
TRUE
Q4 25
Q3 25
$11.2M
Q2 25
$-4.8M
Q1 25
$-10.6M
Q4 24
$4.1M
Q3 24
$-170.0K
Q2 24
$-3.6M
Q1 24
$-511.0K
FCF Margin
STEM
STEM
TRUE
TRUE
Q4 25
Q3 25
25.9%
Q2 25
-10.2%
Q1 25
-23.6%
Q4 24
9.0%
Q3 24
-0.4%
Q2 24
-8.7%
Q1 24
-1.2%
Capex Intensity
STEM
STEM
TRUE
TRUE
Q4 25
Q3 25
3.5%
Q2 25
4.2%
Q1 25
6.0%
Q4 24
3.7%
Q3 24
4.2%
Q2 24
3.9%
Q1 24
6.2%
Cash Conversion
STEM
STEM
TRUE
TRUE
Q4 25
Q3 25
2.55×
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.

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