$3.69
-2.4%Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.
Negative gross margin indicates the company is losing money on each saleโunsustainable long-term.
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
PLUG โข NASDAQ
| Plug Power Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
709.9M | 628.8M | 891.3M | 701.4M | 502.3M | -93.2M | 230.2M | 174.6M | 132.9M | 85.9M | 103.3M | 64.2M | 26.6M | 26.1M | 27.6M | 19.5M | 12.3M | 17.9M | 16.3M | 7.8M | |
GROSS PROFIT | ||||||||||||||||||||
(952M) | (1.3B) | (1.4B) | (895.8M) | (673.7M) | (376.2M) | (202.3M) | (172M) | (131.4M) | (82M) | (113.2M) | (69.1M) | (37.8M) | (40.5M) | (36.9M) | (29.5M) | (19.7M) | (32.9M) | (28.4M) | (12.5M) | |
-242M | -624.9M | -507.8M | -194.4M | -171.3M | -469.4M | 28M | 2.6M | 1.6M | 3.9M | -9.9M | -4.9M | -11.2M | -14.4M | -9.3M | -10M | -7.4M | -15M | -12.2M | -4.6M | |
OPERATING INCOME | ||||||||||||||||||||
(437.5M) | (1.4B) | (835.7M) | (485.2M) | (266M) | (114.8M) | (78M) | (72.1M) | (103.4M) | (55.5M) | (49.1M) | (33.1M) | (17.7M) | (22.3M) | (22.5M) | (40.7M) | (33.9M) | (111.4M) | (60.2M) | (53.8M) | |
(379.6M) | (376.1M) | (422.5M) | (363.9M) | (179.9M) | (79.3M) | (44.3M) | (38.2M) | (45M) | (34.3M) | (34.2M) | (21.8M) | (12.3M) | (14.6M) | (14.5M) | (25.6M) | (15.4M) | (28.3M) | (19.3M) | (12.3M) | |
(58M) | (77.2M) | (113.7M) | (99.6M) | (64.8M) | (27.8M) | (33.7M) | (33.9M) | (28.7M) | (21.2M) | (14.9M) | (6.5M) | (3.1M) | (5.4M) | (5.7M) | (12.9M) | (16.3M) | (35M) | (39.2M) | (41.6M) | |
-679.6M | -2B | -1.3B | -679.6M | -437.3M | -584.2M | -50M | -69.5M | -101.8M | -51.5M | -59M | -37.9M | -29M | -36.7M | -31.1M | -47.5M | -41.3M | -126.4M | -72.3M | -58.5M | |
PRE-TAX INCOME | ||||||||||||||||||||
(65.1M) | (46.6M) | (45.2M) | (39M) | (43.2M) | (60.5M) | (35.7M) | (22.8M) | (10.1M) | (10.7M) | (390K) | (387.3K) | (398K) | (262K) | (305K) | (305K) | (1.1M) | (400.7K) | (580K) | (170.8K) | |
-45.7M | -15.9M | 10.6M | -1.8M | -39.2M | -59.7M | -35.7M | -22.8M | -10.1M | -10.7M | -349K | 364.7K | -248K | -35.8K | 226K | 569.9K | 774.3K | -400.7K | 11.8M | 8.2M | |
(0.0) | (941.6M) | (299.5M) | (21.7M) | (21.4M) | (7.6M) | (0.0) | (0.0) | -15.2M | (0.0) | (0.0) | -52.3M | -37.1M | (4.8M) | (2.3M) | (2.3M) | (2.1M) | (48.1M) | (1.6M) | (0.0) | |
-1B | -87.7M | -32.7M | -43.6M | -38.8M | -42.8M | -36.1M | -17.8M | -25.3M | -6.4M | 3.3M | -50.9M | -34.1M | 4.8M | 3.7M | -3.8M | 562.2K | 4.7M | 11.8M | 8.2M | |
-1.7B | -2.1B | -1.4B | -723.2M | -476.2M | -627M | -85.5M | -87.3M | -127.1M | -57.9M | -55.7M | -88.8M | -63.1M | -31.9M | -27.5M | -47M | -40.7M | -121.7M | -60.6M | -50.3M | |
NET INCOME | ||||||||||||||||||||
(356K) | -2.7M | -7.4M | (839K) | -16.2M | -30.8M | (35.5M) | -9.2M | -392K | -392K | (390K) | -325K | -410K | (262K) | (0.0) | (305K) | (0.0) | (0.0) | (0.0) | (0.0) | |
-1.6B | -2.1B | -1.4B | -724M | -460M | -596.2M | -85.5M | -78.1M | -127.1M | -57.5M | -55.7M | -88.5M | -62.7M | -31.9M | -27.5M | -47M | -40.7M | -121.7M | -60.6M | -50.3M |
PLUG - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 11, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 11, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 30, 2026 | June 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 10, 2026 | March 04, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 02, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 02, 2026 | March 02, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 24, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 13, 2026 | February 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 05, 2026 | February 05, 2026 | 2026 |
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