◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › P › PLUG

Plug Power Inc (PLUG) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS · DATA UPDATED 2026-08-29

Plug Power Inc (PLUG) operates in the ELECTRICAL EQUIPMENT & PARTS industry and is headquartered in Slingerlands, United States with about 2,344 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, PLUG reported $710M in revenue and ($1.6B) in net income.

Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally.

Interactive charts & full statements → Open the PLUG valuation workbench →

PLUG Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$744M	$710M	$629M	$891M	$701M	$502M	($93M)	$230M	$174M	$133M	$86M	$103M	$64M	$27M	$26M	$28M	$19M	$12M	$18M	$16M	$8M
Gross Profit	($138M)	($242M)	($625M)	($508M)	($194M)	($171M)	($469M)	$28M	$2M	$2M	$4M	($10M)	($5M)	($11M)	($14M)	($9M)	($10M)	($7M)	($15M)	($12M)	($5M)
Gross Margin %	-18.6%	-34.1%	-99.4%	-57.0%	-27.7%	-34.1%	503.5%	12.0%	1.3%	1.2%	4.6%	-9.6%	-7.6%	-42.3%	-55.0%	-33.6%	-51.4%	-60.1%	-84.0%	-74.8%	-59.1%
Operating Income (EBIT)	($522M)	($680M)	($2.0B)	($1.3B)	($680M)	($437M)	($177M)	($50M)	($69M)	($102M)	($52M)	($59M)	($38M)	($29M)	($37M)	($31M)	($48M)	($41M)	($126M)	($72M)	($58M)
Operating Margin %	-70.2%	-95.7%	-321.2%	-150.7%	-96.9%	-87.1%	189.7%	-21.8%	-39.9%	-76.6%	-60.0%	-57.1%	-59.1%	-108.9%	-140.5%	-112.7%	-244.1%	-335.7%	-706.3%	-444.5%	-746.3%
Net Income	($1.6B)	($1.6B)	($2.1B)	($1.4B)	($724M)	($460M)	($596M)	($85M)	($78M)	($127M)	($57M)	($56M)	($88M)	($63M)	($32M)	($27M)	($47M)	($41M)	($122M)	($61M)	($50M)
Net Margin %	-220.6%	-229.8%	-334.7%	-153.6%	-103.2%	-91.6%	639.4%	-37.2%	-44.8%	-95.6%	-66.9%	-53.9%	-137.8%	-235.6%	-122.0%	-99.4%	-241.2%	-331.2%	-679.8%	-372.3%	-642.0%
EBITDA	($1.6B)	($1.6B)	($2.0B)	($1.3B)	($633M)	($410M)	($551M)	($35M)	($60M)	($107M)	($42M)	($52M)	($84M)	($59M)	($27M)	($23M)	($39M)	($34M)	($74M)	($55M)	($47M)
Earnings Per Share (EPS)	$-1.35	$-1.41	$-2.45	$-2.30	$-1.25	$-0.82	$-1.68	$-0.36	$-0.36	$-0.59	$-0.32	$-0.32	$-0.56	$-0.82	$-0.93	$-1.46	$-3.58	$-3.15	$-13.62	$-6.93	$-5.84
Shares Outstanding (M)	1,391M	1,159M	858M	595M	580M	558M	355M	237M	219M	216M	181M	176M	159M	76M	34M	19M	13M	13M	9M	9M	9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PLUG Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$178M	$164M	$225M	$177M	$174M	$134M	$191M	$174M
Gross Profit	($2M)	($22M)	$5M	($120M)	($53M)	($74M)	($235M)	($100M)
Gross Margin %	-0.9%	-13.2%	2.4%	-67.9%	-30.7%	-55.2%	-122.5%	-57.6%
Operating Income (EBIT)	($64M)	($104M)	($107M)	($247M)	($154M)	($172M)	($1.3B)	($216M)
Operating Margin %	-36.0%	-63.6%	-47.5%	-139.4%	-88.3%	-128.7%	-678.8%	-124.4%
Net Income	($188M)	($245M)	($846M)	($362M)	($227M)	($197M)	($1.3B)	($211M)
Net Margin %	-105.6%	-150.0%	-375.6%	-204.4%	-130.5%	-147.1%	-697.5%	-121.5%
EBITDA	($158M)	($221M)	($878M)	($337M)	($198M)	($171M)	($1.3B)	($180M)
Earnings Per Share (EPS)	$-0.14	$-0.18	$-0.73	$-0.31	$-0.20	$-0.21	$-1.46	$-0.25
Shares Outstanding (M)	1,391M	1,390M	1,159M	1,159M	1,127M	946M	914M	858M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PLUG Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	($483M)	($536M)	($729M)	($1.1B)	($621M)	($358M)	($155M)	($53M)	($58M)	($60M)	($30M)	($47M)	($41M)	($27M)	($20M)	($33M)	($41M)	($38M)	($57M)	($49M)	($46M)
Capital Expenditures (CapEx)	$54M	$126M	$334M	$696M	$464M	$193M	$50M	$12M	$20M	$44M	$58M	$4M	$1M	$0M	$0M	$1M	$1M	$1M	$1M	$3M	$1M
Free Cash Flow (FCF)	($536M)	($661M)	($1.1B)	($1.8B)	($1.1B)	($551M)	($206M)	($66M)	($78M)	($105M)	($88M)	($51M)	($42M)	($27M)	($20M)	($35M)	($42M)	($39M)	($58M)	($52M)	($47M)
FCF Margin %	-72.0%	-93.2%	-169.0%	-202.2%	-154.6%	-109.8%	220.6%	-28.5%	-44.7%	-78.6%	-102.1%	-49.2%	-65.7%	-101.5%	-77.5%	-125.4%	-215.0%	-315.3%	-324.1%	-321.2%	-604.7%
Dividends Paid	—	—	—	—	$24M	$32M	$16M	—	—	$65M	$116M	$0M	$19M	$0M	$0M	$5M	—	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PLUG Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($94M)	($150M)	($149M)	($90M)	($192M)	($106M)	($131M)	($175M)
Capital Expenditures (CapEx)	$6M	$8M	$9M	$30M	$39M	$40M	$40M	$90M
Free Cash Flow (FCF)	($100M)	($158M)	($158M)	($120M)	($230M)	($146M)	($171M)	($265M)
FCF Margin %	-56.3%	-96.7%	-70.0%	-67.7%	-132.4%	-109.2%	-89.2%	-152.3%
Dividends Paid	$16M	—	—	—	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PLUG Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$2.2B	$2.6B	$3.6B	$4.9B	$5.8B	$6.0B	$1.4B	$899M	$390M	$271M	$241M	$209M	$206M	$35M	$39M	$56M	$59M	$164M	$209M	$268M	$308M
Cash & Cash Equivalents	$162M	$555M	$206M	$135M	$691M	$2.5B	$448M	$152M	$39M	$25M	$46M	$64M	$146M	$5M	$9M	$14M	$11M	$15M	$81M	$12M	$27M
Total Liabilities	$1.6B	$1.6B	$1.8B	$2.0B	$1.7B	$1.3B	$770M	$664M	$388M	$197M	$156M	$85M	$48M	$53M	$24M	$27M	$16M	$76M	$83M	$19M	$13M
Total Debt (Short + Long-Term)	$66M	$785M	$549M	$514M	$315M	$398M	$203M	$200M	$154M	$67M	$53M	$27M	$3M	$3M	$5M	$5M	$0M	$61M	$63M	$10M	$3M
Total Shareholders' Equity	$582M	$978M	$1.7B	$2.9B	$4.1B	$4.6B	$586M	$235M	$3M	$74M	$85M	$125M	$158M	($18M)	$15M	$29M	$43M	$88M	$126M	$249M	$295M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PLUG viewer.

Other Companies in ELECTRICAL EQUIPMENT & PARTS

AYI · Acuity Brands Inc — $9 billion
POWL · Powell Industries Inc — $7 billion
ENS · Enersys — $6 billion
ATKR · Atkore International Group Inc — $3 billion
HAYW · Hayward Holdings Inc — $3 billion
PLPC · Preformed Line Products Company — $2 billion
FCEL · FuelCell Energy Inc — $1 billion
EOSE · Eos Energy Enterprises Inc — $1 billion

← PLU All “P” companies PLUL →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.