Plug Power Inc. (PLUG)

Plug Power Revenue

Plug Power had revenue of $178.30M in the quarter ending June 30, 2026, with 2.49% growth. This brings the company's total for the last twelve months to $744.09M, up 10.59% year-over-year. In the year 2025, Plug Power had annual revenue of $709.92M with 12.90% growth. That makes Plug Power the 9,094th largest company in the world by revenue and 2,015th in the United States.

• Revenue (ttm): $744.09M
• Revenue Growth: +10.59%
• P/S Ratio: 2.53
• Revenue / Employee: $317,443
• Employees: 2,344
• Market Cap: 1.89B

Revenue Chart

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Revenue by Segment

By Segment

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• Sales of Electrolyzers 187.78M 26.5%
• Fuel Delivered To Customers and Related Equipment 133.41M 18.8%
• Power Purchase Agreements 107.57M 15.2%
• Sales of Cryogenic Equipment 95.69M 13.5%
• Services Performed on Fuel Cell Systems and Related Infrastructure 94.46M 13.3%
• Sales of Fuel Cell Systems 54.01M 7.6%
• Sales of Hydrogen Infrastructure 26.75M 3.8%
• Other 10.25M 1.4%

By Geography

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• United States 535.94M 75.5%
• Other Foreign Countries 173.98M 24.5%

Fiscal year ended Dec 31, 2025 See the full Plug Power breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	709.92M	81.11M	12.90%
Dec 31, 2024	628.81M	-262.53M	-29.45%
Dec 31, 2023	891.34M	189.90M	27.07%
Dec 31, 2022	701.44M	199.10M	39.63%
Dec 31, 2021	502.34M	595.58M	-
Dec 31, 2020	-93.24M	-323.21M	-
Dec 31, 2019	229.98M	55.76M	32.01%
Dec 31, 2018	174.22M	74.06M	73.95%
Dec 31, 2017	100.15M	17.33M	20.93%
Dec 31, 2016	82.82M	-20.47M	-19.82%
Dec 31, 2015	103.29M	39.06M	60.81%
Dec 31, 2014	64.23M	37.63M	141.46%
Dec 31, 2013	26.60M	492.54K	1.89%
Dec 31, 2012	26.11M	-1.52M	-5.49%
Dec 31, 2011	27.63M	8.15M	41.87%
Dec 31, 2010	19.47M	7.18M	58.41%
Dec 31, 2009	12.29M	-5.61M	-31.33%
Dec 31, 2008	17.90M	1.63M	10.02%
Dec 31, 2007	16.27M	8.43M	107.65%
Dec 31, 2006	7.84M	-5.65M	-41.90%
Dec 31, 2005	13.49M	-	-

Data Source: Fiscal.ai Last updated: Aug 10, 2026

Revenue data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 5, 2026

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