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Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
1.350
-0.110 (-7.53%)
At close: Nov 5, 2026, 4:00 PM EST
1.340
-0.010 (-0.73%)
After-hours: Nov 5, 2026, 7:59 PM EST

Plug Power Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
178.3163.51225.22177.06173.97133.67191.47173.73143.35120.26222.16198.71260.18210.29220.74188.63151.27140.8161.91143.92
Revenue Growth
2.49%22.32%17.63%1.91%21.36%11.15%-13.81%-12.57%-44.90%-42.81%0.64%5.34%72.00%49.35%36.34%31.06%21.44%95.67%-34.45%
Gross Profit
-17.35-29.42-12.87-124.51-64.3-64.97-224.26-93.99-114.77-143.33-191.74-96.38-70.81-62.51-62.52-40.34-31.4-33.3-31.42-23.62
Operating Income
-44.36-103.93-147.28-246.88-153.55-172.06-407.57-211.32-235.34-262.31-374.14-271.07-208.55-199.95-209.44-159.75-151.98-136.7-188.1-90.13
Net Income
-188.21-245.3-845.97-361.87-227.1-196.66-1,335-211.17-262.33-295.78-642.4-283.48-236.4-206.56-223.47-170.76-173.3-156.49-192.91-106.67
Earnings Per Share
-0.14-0.18-0.63-0.31-0.20-0.21-1.48-0.25-0.36-0.46-1.07-0.47-0.40-0.35-0.38-0.30-0.30-0.27-0.33-0.19
EPS Growth
--------------------

Revenue by Segment
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Sales of Fuel Cell Systems
31.9311.7911.1710.6215.5616.6611.838.1313.151942.4937.6572.1828.8560.8375.9233.4137.5372.6167.03
Sales of Hydrogen Infrastructure
8.2212.618.750.7511.65.6531.7211.8713.2412.337.8738.2358.6548.8744.8937.1432.4127.0925.6348.97
Sales of Electrolyzers
13.2240.8868.2965.4144.879.2161.3457.7915.031.358.9926.636.9740.0313.896.843.684.06--
Sales of Engineered Equipment
1.841.223.431.590.31.536.177.34.414.228.587.218.827.7517.4125.5628.5621.977.57-
Sales of Cryogenic Equipment
26.712.5219.9818.426.8430.4627.0622.0530.9731.4370.0135.4269.6756.5938.8512.5318.1818.28.26-
Power Purchase Agreements
26.9326.2936.1324.623.6323.2119.4120.4619.6718.319.620.0716.137.9416.459.5211.1710.049.659.32
Services Performed on Fuel Cell Systems and Related Infrastructure
29.8421.9741.4819.7416.3716.8711.9614.1513.0313.0212.019.298.79.19.818.418.828.248.316.68
Fuel Delivered To Customers and Related Equipment
39.4735.833.6435.9134.429.4619.9229.7929.8918.2918.8619.3717.8810.1416.9112.3914.4713.4313.1111.56
Other Products/Services
0.150.442.340.020.40.632.072.193.972.363.784.851.191.021.70.320.570.250.110.37
Revenue (Total)
178.3163.51225.22177.06173.97133.67191.47173.73143.35120.26222.16198.71260.18210.29220.74188.63151.27140.8161.91143.92

Cash & Debt
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
172.09233.39378.74165.9140.74295.84205.6993.9462.36172.87135.03567.41,0851,6432,1582,6973,1063,4433,8704,272
Total Debt
1,0371,010997.17991.43991.97986.731,079928.63916.05950.13968.85972.94970.52921.92898.73895.61822.18818.18810.15729.88
Net Cash (Debt)
-864.86-776.78-618.43-825.53-851.24-690.88-872.94-834.69-853.69-777.26-833.82-405.54114.3721.231,2601,8022,2842,6243,0593,542
Net Cash Growth
-------------95.00%-72.52%-58.83%-49.14%-40.17%-35.77%307.66%-
Net Cash Per Share
-0.62-0.56-0.46-0.71-0.76-0.73-0.97-0.97-1.16-1.21-1.39-0.680.191.222.163.123.954.545.306.17

Cash Flow & CapEx
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
-94.06-150.04-148.64-89.81-191.81-105.57-131.24-174.94-254.74-167.73-242.65-238.91-348.09-276.92-306.57-116.94-195.19-209.92-9.68-101.87
Capital Expenditures
-30.66-8.11-9.06-30.1-40.42-46.06-39.59-89.72-106.25-98.69-186-171.49-158.68-179.95-123.54-167.23-87.92-85.19-83.05-68.62
Free Cash Flow
-124.73-158.16-157.71-119.91-232.23-151.63-170.83-264.65-360.99-266.42-428.65-410.4-506.77-456.87-430.11-284.17-283.11-295.11-92.73-170.49
Free Cash Flow Growth
--------------------

Margins
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
-9.73%-17.99%-5.71%-70.32%-36.96%-48.60%-117.12%-54.10%-80.06%-119.18%-86.31%-48.50%-27.22%-29.73%-28.32%-21.38%-20.76%-23.65%-19.40%-16.41%
Operating Margin
-24.88%-63.56%-65.39%-139.43%-88.26%-128.71%-212.86%-121.64%-164.17%-218.12%-168.41%-136.41%-80.16%-95.08%-94.88%-84.69%-100.47%-97.08%-116.18%-62.63%
Pretax Margin
-106.50%-150.44%-401.53%-205.25%-131.47%-147.27%-698.91%-121.49%-183.26%-245.80%-289.36%-145.04%-91.21%-98.83%-101.55%-89.72%-114.28%-111.43%-129.16%-74.12%
Profit Margin
-105.56%-150.02%-375.62%-204.38%-130.54%-147.12%-697.46%-121.55%-183.00%-245.94%-289.16%-142.66%-90.86%-98.23%-101.23%-90.53%-114.56%-111.14%-119.15%-74.12%
FCF Margin
-69.95%-96.72%-70.02%-67.73%-133.49%-113.43%-89.22%-152.34%-251.82%-221.53%-192.95%-206.53%-194.78%-217.26%-194.85%-150.65%-187.16%-209.59%-57.27%-118.46%

Valuation
Chart
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PS Ratio
5.084.263.814.082.492.043.093.012.532.943.065.147.099.0210.2818.9416.0228.9432.39468.09