Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
2.270
+0.070 (3.18%)
At close: Aug 21, 2026, 4:00 PM EDT
2.288
+0.018 (0.77%)
After-hours: Aug 21, 2026, 7:59 PM EDT
Plug Power Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Income | -1,641 | -1,632 | -2,105 | -1,369 | -724.01 | -459.97 |
Depreciation & Amortization | 30.34 | 44.56 | 84.56 | 71.08 | 51.6 | 23.37 |
Other Amortization | 3.55 | 1.26 | -2.83 | 2.21 | - | 3.02 |
Loss (Gain) From Sale of Assets | - | - | 2.89 | - | 0.27 | - |
Asset Writedown & Restructuring Costs | 750.75 | 749.19 | 907.99 | 257.38 | 5.22 | 10.22 |
Loss (Gain) From Sale of Investments | - | - | 3 | -5.23 | 20.54 | 2.58 |
Loss (Gain) on Equity Investments | 7.99 | 55.06 | 32.18 | 41.79 | 20.17 | 5.7 |
Stock-Based Compensation | 53.27 | 50.55 | 82.2 | 162.91 | 179.63 | 76.47 |
Provision & Write-off of Bad Debts | 54.28 | 56.56 | 64.03 | 10.78 | - | - |
Other Operating Activities | 379.82 | 166.57 | 209.17 | 183.21 | 17.51 | 56.42 |
Change in Accounts Receivable | -56.43 | -47.37 | 55.16 | -163.03 | -70.44 | -38.21 |
Change in Inventory | 39.07 | 51.89 | 129.29 | -408.63 | -365.67 | -100.95 |
Change in Accounts Payable | 38.36 | 83.68 | -59.46 | 21.72 | 88.46 | 24.91 |
Change in Unearned Revenue | -67.73 | -108.75 | -85.68 | 58.4 | 40.62 | 70.65 |
Change in Other Net Operating Assets | -74.48 | -7.44 | -46.44 | 29.65 | -92.52 | -32.39 |
Operating Cash Flow | -482.56 | -535.84 | -728.64 | -1,107 | -828.62 | -358.18 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -77.94 | -125.64 | -334.25 | -696.13 | -463.87 | -192.34 |
Sale of Property, Plant & Equipment | 1.04 | - | 0.5 | 1.1 | - | - |
Cash Acquisitions | - | - | - | - | -56.91 | -136.53 |
Sale (Purchase) of Intangibles | - | - | - | - | - | -0.93 |
Investment in Securities | -19.13 | -13.37 | -68.62 | 1,423 | -158.59 | -1,411 |
Investing Cash Flow | -59.88 | -139.01 | -402.36 | 728.05 | -679.37 | -1,741 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 643.29 | 250.29 | 104.25 | 122.89 | 108.93 |
Total Debt Issued | 443.79 | 643.29 | 250.29 | 104.25 | 122.89 | 108.93 |
Long-Term Debt Repaid | - | -682.06 | -113.49 | -79.64 | -176.24 | -88.31 |
Total Debt Repaid | -500.03 | -682.06 | -113.49 | -79.64 | -176.24 | -88.31 |
Net Debt Issued (Repaid) | -56.24 | -38.77 | 136.8 | 24.62 | -53.36 | 20.61 |
Issuance of Common Stock | 440.03 | 714.59 | 858.03 | 1.61 | 2.3 | 3,611 |
Repurchase of Common Stock | -3.6 | -3.65 | -2.53 | -10.01 | -23.74 | -32.09 |
Other Financing Activities | -44.23 | -42.22 | -9.13 | -10.11 | -2.67 | -1.54 |
Financing Cash Flow | 335.97 | 629.95 | 983.17 | 6.12 | -77.46 | 3,598 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | 1.2 | -1.84 | 19.4 | -7.8 | 2.6 | -0.8 |
Net Cash Flow | -205.27 | -46.73 | -128.44 | -380.2 | -1,583 | 1,498 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | -560.5 | -661.48 | -1,063 | -1,803 | -1,292 | -550.51 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -75.33% | -93.18% | -169.03% | -202.25% | -184.26% | -109.59% |
Free Cash Flow Per Share | -0.42 | -0.58 | -1.35 | -3.03 | -2.23 | -0.99 |
Levered Free Cash Flow | -247.1 | -351.78 | -799.99 | -1,363 | -1,050 | -486.3 |
Unlevered Free Cash Flow | -205.69 | -312.33 | -768.02 | -1,337 | -1,025 | -462.3 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 Interest Paid | 63.47 | 59.67 | 44.96 | 41.81 | 35.52 | 19.33 |
Change in Working Capital | -121.2 | -27.99 | -7.13 | -461.88 | -399.55 | -75.99 |