Plug Power Inc. (PLUG) quarterly income statement — complete revenue, gross profit & net income history
Plug Power Inc. (PLUG) annual income statement — 28-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 178.3M | 163.51M | 225.22M | 177.06M | 173.97M | 133.67M | 191.47M | 173.73M | 143.35M | 120.26M | 222.16M | 198.71M | 260.18M | 210.29M | 220.74M | 188.63M | 151.27M | 140.8M | 161.91M | 143.92M |
| Revenue Growth % | 2.49% | 22.32% | 17.63% | 1.91% | 21.36% | 11.15% | -13.81% | -12.57% | -44.9% | -42.81% | 0.64% | 5.35% | 72% | 49.35% | 36.34% | 31.06% | 21.44% | 95.68% | 152.38% | 34.45% |
| Cost of Goods Sold | 179.97M | 185.12M | 219.77M | 297.22M | 227.44M | 207.53M | 426M | 273.75M | 274.61M | 263.59M | 413.9M | 336.68M | 338.32M | 279.68M | 283.26M | 234.69M | 183.73M | 176.15M | 193.32M | 175M |
| COGS % of Revenue | 100.94% | 113.21% | 97.58% | 167.87% | 130.73% | 155.25% | 222.49% | 157.57% | 191.56% | 219.18% | 186.31% | 169.43% | 130.03% | 133% | 128.32% | 124.42% | 121.46% | 125.11% | 119.4% | 121.59% |
| Gross Profit | -1.68M | -21.61M | 5.45M | -120.17M | -53.47M | -73.86M | -234.53M | -100.03M | -131.25M | -143.33M | -191.74M | -137.97M | -78.14M | -69.4M | -62.52M | -46.06M | -32.47M | -35.35M | -31.42M | -31.08M |
| Gross Margin % | -0.94% | -13.21% | 2.42% | -67.87% | -30.73% | -55.25% | -122.49% | -57.57% | -91.56% | -119.18% | -86.31% | -69.43% | -30.03% | -33% | -28.32% | -24.42% | -21.46% | -25.11% | -19.4% | -21.59% |
| Gross Profit Growth % | 96.87% | 70.75% | 102.32% | -20.14% | 59.27% | 48.47% | -22.32% | 27.5% | -67.97% | -106.54% | -206.69% | -199.51% | -140.7% | -96.32% | -99.01% | -48.22% | 19.44% | -190.44% | 93.3% | -804.22% |
| Operating Expenses | 62.43M | 82.32M | 112.54M | 126.71M | 100.09M | 98.2M | 1.07B | 116.14M | 113.42M | 116.08M | 434.17M | 136.01M | 155.7M | 140.4M | 171.21M | 113.68M | 114.44M | 103.81M | 169.33M | 67.58M |
| OpEx % of Revenue | 35.02% | 50.35% | 49.97% | 71.57% | 57.53% | 73.46% | 556.26% | 66.85% | 79.12% | 96.52% | 195.43% | 68.44% | 59.84% | 66.77% | 77.56% | 60.27% | 75.66% | 73.73% | 104.58% | 46.96% |
| Selling, General & Admin | 29.27M | 70.21M | 100.25M | 110.59M | 87.89M | 80.84M | 121.42M | 91.59M | 85.14M | 0 | 0 | 105.45M | 101.15M | 104.02M | 0 | 85.58M | 95.95M | 80.89M | 0 | 42.42M |
| SG&A % of Revenue | 16.41% | 42.94% | 44.51% | 62.46% | 50.52% | 60.47% | 63.42% | 52.72% | 59.4% | - | - | 53.07% | 38.88% | 49.46% | - | 45.37% | 63.43% | 57.45% | - | 29.48% |
| Research & Development | 13.42M | 12.11M | 12.29M | 16.12M | 12.19M | 17.36M | 13.29M | 19.71M | 18.94M | 25.28M | 30.31M | 27.65M | 29.25M | 26.54M | 27.46M | 28.11M | 23.56M | 20.46M | 27.14M | 16.63M |
| R&D % of Revenue | 7.53% | 7.41% | 5.46% | 9.1% | 7.01% | 12.98% | 6.94% | 11.35% | 13.21% | 21.02% | 13.64% | 13.92% | 11.24% | 12.62% | 12.44% | 14.9% | 15.57% | 14.53% | 16.76% | 11.56% |
| Other Operating Expenses | 1000K | 0 | 0 | 1 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | -1000K | 1000K | 1000K | 1000K |
| Operating Income | -64.11M | -103.93M | -107.09M | -246.88M | -153.55M | -172.06M | -1.3B | -216.17M | -244.67M | -259.41M | -625.91M | -273.97M | -233.84M | -209.8M | -233.73M | -159.75M | -146.91M | -139.16M | -200.74M | -98.66M |
| Operating Margin % | -35.96% | -63.56% | -47.55% | -139.43% | -88.26% | -128.71% | -678.75% | -124.43% | -170.68% | -215.7% | -281.74% | -137.87% | -89.88% | -99.77% | -105.89% | -84.69% | -97.12% | -98.83% | -123.99% | -68.55% |
| Operating Income Growth % | 58.25% | 39.6% | 91.76% | -14.21% | 37.24% | 33.67% | -107.63% | 21.1% | -4.63% | -23.65% | -167.79% | -71.5% | -59.17% | -50.76% | -16.43% | -61.91% | -63.89% | -188.23% | 60.2% | -81.67% |
| EBITDA | -56.63M | -96.71M | -101.58M | -236.74M | -138.77M | -157.92M | -1.28B | -194.37M | -221.97M | -238.08M | -606.8M | -253.03M | -217.57M | -195.05M | -217.58M | -145.88M | -133.36M | -131.13M | -194.37M | -92.12M |
| EBITDA Margin % | -31.76% | -59.14% | -45.1% | -133.71% | -79.77% | -118.14% | -668.97% | -111.88% | -154.84% | -197.96% | -273.13% | -127.33% | -83.62% | -92.76% | -98.57% | -77.34% | -88.16% | -93.13% | -120.05% | -64.01% |
| EBITDA Growth % | 59.19% | 38.76% | 92.07% | -21.8% | 37.48% | 33.67% | -111.09% | 23.18% | -2.02% | -22.06% | -178.89% | -73.44% | -63.14% | -48.75% | -11.94% | -58.36% | -56.79% | -209.24% | 61.05% | -83.94% |
| D&A (Non-Cash Add-back) | 7.47M | 7.22M | 5.51M | 10.13M | 14.78M | 14.14M | 18.72M | 21.8M | 22.71M | 21.33M | 19.11M | 20.94M | 16.27M | 14.75M | 16.16M | 13.86M | 13.55M | 8.03M | 6.37M | 6.54M |
| EBIT | -173.01M | -228.65M | -883.08M | -346.95M | -212.78M | -185.37M | -1.32B | -201.93M | -253.2M | -262.31M | -374.14M | -276.41M | -226.05M | -197.18M | -209.44M | -160.22M | -161.67M | -148.25M | -188.1M | -97.16M |
| Net Interest Income | -14.3M | -13.51M | -17.13M | -12.14M | -10.09M | -6.33M | -10.42M | -1.73M | -1.72M | -2.05M | -47K | -1.43M | 5.13M | 6.98M | 7.77M | 4.41M | -7.37M | -6.59M | -9.67M | -5.36M |
| Interest Income | 2.59M | 3.85M | 4.12M | 4.32M | 5.84M | 5.15M | 6.22M | 7.42M | 7.79M | 9.28M | 11.44M | 10.37M | 16.39M | 17.63M | 17.94M | 13.43M | 3.84M | 2.05M | 0 | 4.15M |
| Interest Expense | 16.89M | 17.35M | 21.24M | 16.46M | 15.94M | 11.49M | 16.64M | 9.15M | 9.51M | 11.32M | 11.48M | 11.8M | 11.27M | 10.65M | 10.17M | 9.02M | 11.2M | 8.65M | 9.67M | 9.51M |
| Other Income/Expense | -125.79M | -142.07M | -797.24M | -116.54M | -75.16M | -24.8M | -38.6M | 5.09M | -18.04M | -36.2M | -16.93M | -14.24M | -3.47M | 1.97M | 9.58M | -9.49M | -25.96M | -17.74M | -8.37M | -8.01M |
| Pretax Income | -189.9M | -246M | -904.33M | -363.41M | -228.72M | -196.86M | -1.34B | -211.07M | -262.71M | -295.61M | -642.84M | -288.21M | -237.31M | -207.83M | -224.16M | -169.24M | -172.87M | -156.9M | -209.11M | -106.67M |
| Pretax Margin % | -106.5% | -150.44% | -401.53% | -205.25% | -131.47% | -147.27% | -698.91% | -121.49% | -183.26% | -245.8% | -289.36% | -145.04% | -91.21% | -98.83% | -101.55% | -89.72% | -114.28% | -111.43% | -129.16% | -74.12% |
| Income Tax | 207K | 41K | 252K | 92K | 12K | 0 | -2.57M | 95K | -376K | 163K | -448K | -4.73M | -917K | -1.27M | -691K | 1.52M | 423K | -414K | -16.2M | 0 |
| Effective Tax Rate % | -0.11% | -0.02% | -0.03% | -0.03% | -0.01% | 0% | 0.19% | -0.05% | 0.14% | -0.06% | 0.07% | 1.64% | 0.39% | 0.61% | 0.31% | -0.9% | -0.24% | 0.26% | 7.75% | 0% |
| Net Income | -188.21M | -245.3M | -845.97M | -361.87M | -227.1M | -196.66M | -1.34B | -211.17M | -262.33M | -295.78M | -642.39M | -283.48M | -236.4M | -206.56M | -223.47M | -170.76M | -173.3M | -156.49M | -192.91M | -106.67M |
| Net Margin % | -105.56% | -150.02% | -375.62% | -204.38% | -130.54% | -147.12% | -697.46% | -121.55% | -183% | -245.94% | -289.16% | -142.66% | -90.86% | -98.23% | -101.23% | -90.53% | -114.56% | -111.14% | -119.15% | -74.12% |
| Net Income Growth % | 17.13% | -24.74% | 36.65% | -71.37% | 13.43% | 33.51% | -107.88% | 25.51% | -10.97% | -43.19% | -187.47% | -66.01% | -36.41% | -32% | -15.84% | -60.08% | -73.93% | -157.61% | 62.22% | -63.56% |
| Net Income (Continuing) | -190.1M | -246.04M | -904.58M | -363.5M | -228.73M | -196.86M | -1.34B | -211.17M | -262.33M | -295.78M | -642.39M | -283.48M | -236.4M | -206.56M | -223.47M | -170.76M | -173.3M | -156.49M | -192.91M | -106.67M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 5.54M | 24.08M | 25.25M | 81.99M | 82.89M | 75.39M | 73.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.14 | -0.18 | -0.73 | -0.31 | -0.20 | -0.21 | -1.46 | -0.25 | -0.36 | -0.46 | -1.06 | -0.47 | -0.40 | -0.35 | -0.38 | -0.30 | -0.30 | -0.27 | -0.33 | -0.19 |
| EPS Growth % | 30% | 14.29% | 50% | -24% | 44.44% | 54.35% | -37.74% | 46.81% | 10% | -31.43% | -178.95% | -56.67% | -33.33% | -29.63% | -15.15% | -57.89% | -66.67% | -125% | 70.54% | -72.73% |
| EPS (Basic) | -0.14 | -0.18 | -0.73 | -0.31 | -0.20 | -0.21 | -1.46 | -0.25 | -0.36 | -0.46 | -1.06 | -0.47 | -0.40 | -0.35 | -0.38 | -0.30 | -0.30 | -0.27 | -0.33 | -0.19 |
| Diluted Shares Outstanding | 1.39B | 1.39B | 1.16B | 1.16B | 1.13B | 945.77M | 913.9M | 858.44M | 736.85M | 641.26M | 606.14M | 599.47M | 598.05M | 589.21M | 583.1M | 578.04M | 578.04M | 577.87M | 576.84M | 574.52M |
| Basic Shares Outstanding | 1.39B | 1.39B | 1.16B | 1.16B | 1.13B | 945.77M | 913.9M | 858.44M | 736.85M | 641.26M | 606.14M | 599.47M | 598.05M | 589.21M | 583.1M | 578.04M | 578.04M | 577.87M | 576.84M | 574.52M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |