Plug Power Inc. (PLUG) Earnings History
Net Loss28 years of earnings data (1998–2025) · Currently unprofitable on a TTM basis
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Plug Power Inc. (PLUG) Earnings Overview
As of June 21, 2026, Plug Power Inc. (PLUG) reported trailing twelve-month net income of -$1.68B, reflecting +42.4% year-over-year growth. The company earned $-1.21 per diluted share over the past four quarters, with a net profit margin of -229.8%.
Looking at the long-term picture, PLUG's historical earnings data spans multiple years. The company achieved its highest annual net income of -$10M in fiscal 1998.
Plug Power Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including BE ($6M net income, -4.4% margin), FCEL (-$223M net income, -118.8% margin), BLDP (-$91M net income, -91.4% margin), PLUG has room to improve margins relative to the peer group. Compare PLUG vs BE →
PLUG Earnings vs Peers
Earnings metrics vs comparable public companies
PLUG Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$1.63B | +22.5% | -$680M | $-1.41 | -229.8% | -95.7% |
| 2024 | -$2.10B | -53.8% | -$2.02B | $-2.45 | -334.7% | -321.2% |
| 2023 | -$1.37B | -89.1% | -$1.34B | $-2.30 | -153.6% | -150.7% |
| 2022 | -$724M | -57.4% | -$680M | $-1.25 | -103.2% | -96.9% |
| 2021 | -$460M | +22.8% | -$437M | $-0.82 | -91.6% | -87.1% |
| 2020 | -$596M | -611.9% | -$584M | $-1.58 | - | - |
| 2019 | -$84M | -7.2% | -$48M | $-0.51 | -36.4% | -20.7% |
| 2018 | -$78M | +38.5% | -$69M | $-0.36 | -44.7% | -39.8% |
| 2017 | -$127M | -121.1% | -$102M | $-0.59 | -95.6% | -76.6% |
| 2016 | -$57M | -3.2% | -$52M | $-0.32 | -66.9% | -60.0% |
| 2015 | -$56M | +37.1% | -$59M | $-0.32 | -53.9% | -57.1% |
| 2014 | -$88M | -41.2% | -$38M | $-0.56 | -137.8% | -59.1% |
| 2013 | -$63M | -96.7% | -$29M | $-0.82 | -235.6% | -108.9% |
| 2012 | -$32M | -16.1% | -$37M | $-0.93 | -122.0% | -140.5% |
| 2011 | -$27M | +41.5% | -$31M | $-1.46 | -99.4% | -112.7% |
| 2010 | -$47M | -15.4% | -$48M | $-3.58 | -241.2% | -244.1% |
| 2009 | -$41M | +66.6% | -$41M | $-3.15 | -331.2% | -335.7% |
| 2008 | -$122M | -100.9% | -$126M | $-13.62 | -679.8% | -706.3% |
| 2007 | -$61M | -20.4% | -$72M | $-6.93 | -372.3% | -444.5% |
| 2006 | -$50M | +2.8% | -$58M | $-5.84 | -642.1% | -746.3% |
| 2005 | -$52M | -10.7% | -$48M | $-6.59 | -383.7% | -355.8% |
| 2004 | -$47M | +11.9% | -$46M | $-6.39 | -289.6% | -287.0% |
| 2003 | -$53M | -12.3% | -$52M | $-8.82 | -424.2% | -415.2% |
| 2002 | -$47M | +35.4% | -$47M | $-9.32 | -399.5% | -395.7% |
| 2001 | -$73M | +15.2% | -$74M | $-15.61 | -1273.4% | -1287.1% |
| 2000 | -$86M | -157.7% | -$92M | $-19.91 | -1029.4% | -1094.9% |
| 1999 | -$33M | -248.6% | -$35M | $-12.73 | -304.3% | -317.6% |
| 1998 | -$10M | - | -$10M | $-0.07 | -147.7% | -150.8% |
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Intrinsic Valuation
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PLUG — Frequently Asked Questions
Quick answers to the most common questions about buying PLUG stock.
What is PLUG earnings per share (EPS)?
PLUG trailing twelve-month (TTM) diluted EPS is $-1.21, reflecting +42.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1998 to 2025 is available in the table on this page.
What is Plug Power Inc.'s net income?
Plug Power Inc. (PLUG) trailing twelve-month net income is $-1.7B as of 2025. Earnings grew +42.4% year-over-year.
Is PLUG profitable?
PLUG is not currently profitable on a TTM basis, reporting a net loss of $-1.7B. Net margin is -229.8%. Investors should monitor for a return to profitability.
What is PLUG's earnings growth rate?
PLUG compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1998 to 2025.
What are PLUG's profit margins?
Plug Power Inc. net profit margin is -229.8%, operating margin is -95.7%, and gross margin is -34.1%. Below-average margins reflect competitive or cost pressures. Return on Equity is -116.1%.
Is PLUG growing earnings?
Yes, PLUG earnings are accelerating — EPS growth of +42.4% exceeds the 5-year CAGR of N/A. TTM net income reached $-1.7B. Earnings momentum is strengthening.
What was PLUG's best earnings year?
Plug Power Inc.'s highest annual net income on record is $-10M, achieved in fiscal year 1998. Earnings history on this page spans 1998 to 2025 and includes all annual and quarterly figures.
What were PLUG's earnings last quarter?
PLUG's most recent reported quarter was Q1 2026. Net income was $-245M with diluted EPS of $-0.18. For a full breakdown of all quarters, see the quarterly earnings table on this page.