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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Operating Revenue | 178.15 | 163.08 | 222.88 | 177.03 | 173.57 | 133.05 | 189.4 | 171.54 | 139.38 | 117.91 | 218.38 | 193.86 | 259 | 209.27 | 219.04 | 188.3 | 150.7 | 140.55 | 161.8 | 143.55 |
Other Revenue | 0.15 | 0.44 | 2.34 | 0.02 | 0.4 | 0.63 | 2.07 | 2.19 | 3.97 | 2.36 | 3.78 | 4.85 | 1.19 | 1.02 | 1.7 | 0.32 | 0.57 | 0.25 | 0.11 | 0.37 |
| 178.3 | 163.51 | 225.22 | 177.06 | 173.97 | 133.67 | 191.47 | 173.73 | 143.35 | 120.26 | 222.16 | 198.71 | 260.18 | 210.29 | 220.74 | 188.63 | 151.27 | 140.8 | 161.91 | 143.92 | |
Revenue Growth (YoY) | 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% |
Cost of Revenue | 195.65 | 192.93 | 238.09 | 301.56 | 238.27 | 198.65 | 415.73 | 267.72 | 258.12 | 263.59 | 413.9 | 295.1 | 330.99 | 272.79 | 283.26 | 228.96 | 182.66 | 174.11 | 193.32 | 167.54 |
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 |
Selling, General & Admin | 29.27 | 70.21 | 100.25 | 110.59 | 87.89 | 80.84 | 121.42 | 91.59 | 85.14 | 77.96 | 111.85 | 105.45 | 101.15 | 104.02 | 101.51 | 85.58 | 95.95 | 80.89 | 73.2 | 42.42 |
Research & Development | 13.42 | 12.11 | 12.29 | 16.12 | 12.19 | 17.36 | 13.29 | 19.71 | 18.94 | 25.28 | 30.31 | 27.65 | 29.25 | 26.54 | 27.46 | 28.11 | 23.56 | 20.46 | 27.14 | 16.63 |
Other Operating Expenses | -15.67 | -7.81 | -6.24 | -4.34 | -10.83 | 8.89 | 13.48 | 6.04 | 16.48 | 15.75 | 40.25 | 41.58 | 7.33 | 6.89 | 17.96 | 5.73 | 1.07 | 2.05 | 56.35 | 7.46 |
Operating Expenses | 27.01 | 74.51 | 134.41 | 122.37 | 89.25 | 107.08 | 183.31 | 117.33 | 120.57 | 118.98 | 182.4 | 174.68 | 137.74 | 137.44 | 146.92 | 119.41 | 120.58 | 103.4 | 156.69 | 66.52 |
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 |
Interest Expense | -16.89 | -17.35 | -21.24 | -16.46 | -15.94 | -11.49 | -16.64 | -9.15 | -9.51 | -11.33 | -11.48 | -11.8 | -11.27 | -10.65 | -10.17 | -9.02 | -11.2 | -8.65 | -11.29 | -9.51 |
Interest & Investment Income | 2.59 | 3.85 | 4.12 | 4.32 | 5.85 | 5.15 | 6.22 | 7.42 | 7.8 | 9.28 | 11.44 | 10.37 | 16.39 | 17.63 | 17.94 | 13.43 | 3.84 | 2.05 | - | 4.15 |
Earnings From Equity Investments | -0.68 | -0.47 | -3.58 | -3.26 | -45.85 | -2.37 | -3.13 | -8.69 | -7.24 | -13.11 | -21.82 | -7.03 | -7.62 | -5.32 | -9.86 | -4.28 | -2.19 | -3.83 | -3.97 | -1.74 |
Currency Exchange Gain (Loss) | - | - | -15.2 | - | - | - | 13 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Non Operating Income (Expenses) | -36.49 | -124.34 | -87.08 | 3.5 | 3.82 | -6.05 | -35.82 | 15.51 | -9.08 | -7 | 4.74 | 4.99 | -5.08 | -4.77 | 8.03 | -5.4 | -2.46 | -1.31 | -0.29 | -0.05 |
EBT Excluding Unusual Items | -95.82 | -242.24 | -270.26 | -258.78 | -205.68 | -186.81 | -443.94 | -206.23 | -253.38 | -284.47 | -391.27 | -274.54 | -216.13 | -203.05 | -203.5 | -165.02 | -163.99 | -148.44 | -203.65 | -97.28 |
Merger & Restructuring Charges | -0.18 | -1.43 | -0.22 | -5.52 | -2.96 | -17.15 | 0 | -0.51 | -1.63 | -6.01 | - | - | - | - | - | - | - | - | - | - |
Impairment of Goodwill | - | - | - | - | - | - | - | - | - | - | -249.5 | - | - | - | - | - | - | - | - | - |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | -3 | - | - | - | 0.2 | -10.76 | 4.11 | 5.07 | 4.63 | -4.22 | -13.95 | -6.01 | 7.18 | -0.86 |
Asset Writedown | -19.37 | -3.86 | -626.07 | -97.52 | -20.6 | -1.06 | -899.58 | -4.18 | -3.94 | -0.28 | 1.44 | -0.67 | -9.99 | -1.08 | -5.22 | - | - | - | -10.22 | - |
Other Unusual Items | -74.52 | 1.53 | -7.78 | -1.59 | 0.53 | 8.17 | 8.33 | -0.15 | -3.77 | -4.85 | -3.71 | -2.24 | -15.31 | -8.77 | -20.06 | - | 5.07 | -2.46 | -2.42 | -8.53 |
Pretax Income | -189.9 | -246 | -904.33 | -363.41 | -228.72 | -196.86 | -1,338 | -211.07 | -262.71 | -295.61 | -642.84 | -288.21 | -237.32 | -207.83 | -224.16 | -169.24 | -172.87 | -156.9 | -209.11 | -106.67 |
Income Tax Expense | 0.21 | 0.04 | 0.25 | 0.09 | 0.01 | - | -2.57 | 0.1 | -0.38 | 0.16 | -0.45 | -4.73 | -0.92 | -1.27 | -0.69 | 1.52 | 0.42 | -0.41 | -16.2 | - |
Earnings From Continuing Operations | -190.1 | -246.04 | -904.58 | -363.51 | -228.73 | -196.86 | -1,336 | -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 |
Minority Interest in Earnings | 1.9 | 0.73 | 58.61 | 1.64 | 1.63 | 0.2 | 0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 |
Net Income to Common | -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 |
Net Income Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shares Outstanding (Basic) | 1,391 | 1,390 | 1,354 | 1,159 | 1,127 | 946 | 903 | 858 | 737 | 641 | 602 | 599 | 598 | 589 | 584 | 578 | 578 | 578 | 577 | 575 |
Shares Outstanding (Diluted) | 1,391 | 1,390 | 1,354 | 1,159 | 1,127 | 946 | 903 | 858 | 737 | 641 | 602 | 599 | 598 | 589 | 584 | 578 | 578 | 578 | 577 | 575 |
Shares Change (YoY) | 23.48% | 46.94% | 49.95% | 34.96% | 52.90% | 47.49% | 50.03% | 43.20% | 23.21% | 8.83% | 2.98% | 3.71% | 3.46% | 1.96% | 1.28% | 0.61% | 1.94% | 12.54% | 35.61% | 54.85% |
EPS (Basic) | -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 (Diluted) | -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 (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
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 Per Share | -0.09 | -0.11 | -0.12 | -0.10 | -0.21 | -0.16 | -0.19 | -0.31 | -0.49 | -0.41 | -0.71 | -0.69 | -0.85 | -0.78 | -0.74 | -0.49 | -0.49 | -0.51 | -0.16 | -0.30 |
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% |
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% |
Free Cash Flow 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% |
EBITDA | -36.89 | -96.71 | -141.77 | -236.74 | -138.77 | -157.92 | -388.85 | -189.53 | -212.63 | -240.98 | -355.03 | -250.12 | -192.28 | -185.2 | -193.29 | -145.89 | -138.43 | -128.67 | -181.73 | -83.59 |
EBITDA Margin | -20.69% | -59.14% | -62.94% | -133.71% | -79.77% | -118.13% | -203.09% | -109.09% | -148.33% | -200.38% | -159.81% | -125.87% | -73.90% | -88.07% | -87.56% | -77.34% | -91.51% | -91.38% | -112.24% | -58.08% |
D&A For EBITDA | 7.47 | 7.22 | 5.51 | 10.13 | 14.78 | 14.14 | 18.72 | 21.8 | 22.71 | 21.33 | 19.12 | 20.95 | 16.27 | 14.75 | 16.16 | 13.86 | 13.55 | 8.03 | 6.37 | 6.54 |
EBIT | -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 |
EBIT 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% |
Revenue as Reported | 178.3 | 163.51 | 225.22 | 177.06 | 173.97 | 133.67 | 191.47 | 173.73 | 143.35 | 120.26 | 222.16 | 198.71 | 260.18 | 210.29 | 220.74 | 188.63 | 151.27 | 140.8 | 161.91 | 143.92 |