Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
2.060
-0.030 (-1.44%)
At close: Jul 31, 2026, 4:00 PM EDT
2.048
-0.012 (-0.58%)
After-hours: Jul 31, 2026, 7:59 PM EDT
Plug Power Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 739.76 | 709.92 | 628.81 | 891.34 | 701.44 | 502.34 |
Revenue Growth | 15.19% | 12.90% | -29.45% | 27.07% | 39.63% | - |
Gross Profit Gross Profit Growth | -189.79 | -242.04 | -624.89 | -507.79 | -194.36 | -171.31 |
Operating Income Operating Income Growth | -1,398 | -1,467 | -2,020 | -1,344 | -679.55 | -437.32 |
Net Income Net Income Growth | -1,680 | -1,632 | -2,105 | -1,369 | -724.01 | -459.97 |
Earnings Per Share EPS Growth | -1.38 | -1.42 | -2.68 | -2.30 | -1.25 | -0.82 |
EPS Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Sales of Fuel Cell Systems Sales of Fuel Cell Systems Growth | 49.15 | 54.01 | 52.11 | 181.17 | 207.69 | 225.23 |
Sales of Hydrogen Infrastructure Sales of Hydrogen Infrastructure Growth | 33.71 | 26.75 | 69.12 | 183.61 | 141.53 | 135.06 |
Sales of Electrolyzers Sales of Electrolyzers Growth | 219.45 | 187.78 | 135.5 | 82.61 | 28.46 | 16.67 |
Sales of Engineered Equipment Sales of Engineered Equipment Growth | 6.54 | 6.85 | 22.09 | 32.36 | 93.49 | 7.57 |
Sales of Cryogenic Equipment Sales of Cryogenic Equipment Growth | 77.74 | 95.69 | 111.51 | 231.69 | 87.76 | 8.26 |
Power Purchase Agreements Power Purchase Agreements Growth | 110.65 | 107.57 | 77.84 | 63.73 | 47.18 | 35.15 |
Services Performed on Fuel Cell Systems and Related Infrastructure Services Performed on Fuel Cell Systems and Related Infrastructure Growth | 99.56 | 94.46 | 52.17 | 39.09 | 35.28 | 26.71 |
Fuel Delivered To Customers and Related Equipment Fuel Delivered To Customers and Related Equipment Growth | 139.75 | 133.41 | 97.88 | 66.25 | 57.2 | 46.92 |
Other Products/Services Other Products/Services Growth | 3.2 | 3.39 | 10.59 | 10.84 | 2.85 | 0.79 |
Revenue (Total) Revenue (Total) Growth | 739.76 | 709.92 | 628.81 | 891.34 | 701.44 | 502.34 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 223.19 | 368.54 | 205.69 | 135.03 | 2,158 | 3,870 |
Total Debt Total Debt Growth | 1,010 | 997.17 | 1,079 | 968.85 | 898.73 | 820.15 |
Net Cash (Debt) Net Cash Growth | -786.98 | -628.63 | -872.94 | -833.82 | 1,260 | 3,049 |
Net Cash Growth | - | - | - | - | -58.69% | 306.33% |
Net Cash Per Share Net Cash Per Share Growth | -0.63 | -0.55 | -1.11 | -1.40 | 2.17 | 5.46 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | -580.31 | -535.84 | -728.64 | -1,107 | -828.62 | -330.17 |
Capital Expenditures CapEx Growth | -73.12 | -111.16 | -287.1 | -665.21 | -436.61 | -172.17 |
Free Cash Flow Free Cash Flow Growth | -653.43 | -647 | -1,016 | -1,772 | -1,265 | -502.34 |
Free Cash Flow Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | -25.66% | -34.09% | -99.38% | -56.97% | -27.71% | -34.10% |
Operating Margin | -189.04% | -206.70% | -321.21% | -150.73% | -96.88% | -87.06% |
Pretax Margin | -235.54% | -238.52% | -335.17% | -154.40% | -103.10% | -94.79% |
Profit Margin | -227.13% | -229.83% | -334.71% | -153.57% | -103.22% | -91.56% |
FCF Margin | -88.33% | -91.14% | -161.53% | -198.78% | -180.38% | -100.00% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 2, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PS Ratio | 3.88 | 3.87 | 3.10 | 3.06 | 10.41 | 32.46 |