Plug Power Inc. (PLUG) income statement
NASDAQ · Industrials · Electrical Equipment & Parts · 2,344 employees · CEO Jose Luis Crespo
- Price
- $1.37 -3.87%
- Market cap
- $1.91B
- Enterprise value
- $2.57B
- Last report
- Q2 '26 filed 2026-08-10
- Next report
- 2026-11-09 EPS est. -$0.07
Plug Power Inc. (PLUG) reported revenue of $178M for Q2 '26 (+2.5% year on year), operating income of -$64.1M (-36.0% of revenue) and net income of -$188M. Over the last four quarters revenue was $744M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $199M | $222M | $120M | $143M | $174M | $191M | $134M | $174M | $177M | $225M | $164M | $178M | |
| Cost of revenue | $337M | $414M | $264M | $275M | $274M | $426M | $208M | $227M | $297M | $220M | $185M | $180M | |
| Gross profit | -$138M | -$192M | -$143M | -$131M | -$100M | -$235M | -$73.9M | -$53.5M | -$120M | $5.45M | -$21.6M | -$1.68M | |
| Research & development | $27.7M | $30.3M | $25.3M | $18.9M | $19.7M | $13.3M | $17.4M | $12.2M | $16.1M | $12.3M | $12.1M | $13.4M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.3M | |
| Other operating expenses | $2.9M | $404M | $90.8M | $9.33M | $4.85M | $930M | $0 | $0 | $1 | $0 | $0 | $19.7M | |
| Operating expenses | $136M | $434M | $116M | $113M | $116M | $1.07B | $98.2M | $100M | $127M | $113M | $82.3M | $62.4M | |
| Operating income | -$274M | -$626M | -$259M | -$245M | -$216M | -$1.3B | -$172M | -$154M | -$247M | -$107M | -$104M | -$64.1M | |
| Interest income | $10.4M | $11.4M | $9.28M | $7.8M | $7.42M | $6.22M | $5.15M | $5.85M | $4.32M | $4.12M | $3.85M | $2.59M | |
| Interest expense | $11.8M | $11.5M | $11.3M | $9.51M | $9.15M | $16.6M | $11.5M | $15.9M | $16.5M | $21.2M | $17.4M | $16.9M | |
| Other non-operating income (gains on investments, FX ...) | $2.44M | -$252M | $2.91M | $8.53M | -$14.2M | $22M | $13.3M | $59.2M | $100M | $776M | $125M | $109M | |
| Total non-operating income | -$14.2M | -$16.9M | -$36.2M | -$18M | $5.1M | -$38.6M | -$24.8M | -$75.2M | -$117M | -$797M | -$142M | -$126M | |
| Income before tax | -$288M | -$643M | -$296M | -$263M | -$211M | -$1.34B | -$197M | -$229M | -$363M | -$904M | -$246M | -$190M | |
| Income tax | -$4.73M | -$448K | $163K | -$376K | $95K | -$2.57M | $0 | $12K | $92K | $252K | $41K | $207K | |
| Net income | -$283M | -$642M | -$296M | -$262M | -$211M | -$1.34B | -$197M | -$227M | -$362M | -$846M | -$245M | -$188M | |
| EPS (basic) | -$0.47 | -$1.06 | -$0.46 | -$0.36 | -$0.25 | -$1.46 | -$0.21 | -$0.20 | -$0.31 | -$0.73 | -$0.18 | -$0.14 | |
| EPS (diluted) | -$0.47 | -$1.06 | -$0.46 | -$0.36 | -$0.25 | -$1.46 | -$0.21 | -$0.20 | -$0.31 | -$0.73 | -$0.18 | -$0.14 | |
| Shares (basic, weighted) | 599M | 606M | 641M | 737M | 858M | 914M | 946M | 1.13B | 1.16B | 1.16B | 1.39B | 1.39B | |
| Shares (diluted, weighted) | 599M | 606M | 641M | 737M | 858M | 914M | 946M | 1.13B | 1.16B | 1.16B | 1.39B | 1.39B | |
| Depreciation & amortization | $20.9M | $19.1M | $21.3M | $22.7M | $21.8M | $18.7M | $14.1M | $14.8M | $10.1M | $5.51M | $7.22M | $7.47M | |
| EBITDA | -$255M | -$355M | -$241M | -$230M | -$180M | -$1.3B | -$171M | -$198M | -$337M | -$878M | -$221M | -$166M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85.9M | $133M | $175M | $230M | -$93.2M | $502M | $701M | $891M | $629M | $710M | |
| Cost of revenue | $82M | $131M | $172M | $220M | $376M | $674M | $896M | $1.4B | $1.25B | $952M | |
| Gross profit | $3.95M | $1.58M | $2.62M | $10.3M | -$469M | -$171M | -$194M | -$508M | -$625M | -$242M | |
| Research & development | $21.2M | $28.7M | $33.9M | $15.3M | $27.8M | $64.8M | $99.6M | $114M | $77.2M | $58M | |
| General & administrative | $0 | $45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $0 | -$15.2M | $0 | $42.6M | $7.59M | $21.4M | $21.7M | $300M | $942M | $0 | |
| Operating expenses | $55.5M | $103M | $72.1M | $57.9M | $115M | $266M | $485M | $836M | $1.39B | $438M | |
| Operating income | -$51.5M | -$102M | -$69.5M | -$47.6M | -$584M | -$437M | -$680M | -$1.34B | -$2.02B | -$680M | |
| Interest income | $0 | $0 | $0 | – | $765K | $4.04M | $37.3M | $55.8M | $30.7M | $19.4M | |
| Interest expense | $10.7M | $10.1M | $22.8M | $35.7M | $60.5M | $43.2M | $39M | $45.2M | $46.6M | $65.1M | |
| Other non-operating income (gains on investments, FX ...) | -$4.34M | $15.2M | $2.67M | $0 | -$17.7M | -$4.39M | $4.58M | -$12.5M | $41.1M | $949M | |
| Total non-operating income | -$6.36M | -$25.3M | -$17.8M | -$36.1M | -$42.8M | -$38.8M | -$43.6M | -$32.7M | -$87.7M | -$1.01B | |
| Income before tax | -$57.9M | -$127M | -$87.3M | -$83.7M | -$627M | -$476M | -$723M | -$1.38B | -$2.11B | -$1.69B | |
| Income tax | -$392K | -$392K | -$9.22M | $0 | -$30.8M | -$16.2M | $839K | -$7.36M | -$2.69M | $356K | |
| Net income | -$57.5M | -$127M | -$78.1M | -$83.7M | -$596M | -$460M | -$724M | -$1.37B | -$2.1B | -$1.63B | |
| EPS (basic) | -$0.32 | -$0.59 | -$0.36 | -$0.51 | -$1.58 | -$0.82 | -$1.25 | -$2.30 | -$2.45 | -$1.41 | |
| EPS (diluted) | -$0.32 | -$0.59 | -$0.36 | -$0.51 | -$1.58 | -$0.82 | -$1.25 | -$2.30 | -$2.45 | -$1.41 | |
| Shares (basic, weighted) | 181M | 216M | 219M | 237M | 355M | 558M | 580M | 595M | 858M | 1.16B | |
| Shares (diluted, weighted) | 181M | 216M | 219M | 237M | 355M | 558M | 580M | 595M | 858M | 1.16B | |
| Depreciation & amortization | $5.24M | $9.78M | $11.7M | $12.6M | $15.6M | $23.4M | $51.6M | $71.1M | $84.6M | $44.6M | |
| EBITDA | -$41.9M | -$107M | -$59.6M | -$35M | -$551M | -$410M | -$633M | -$1.26B | -$1.98B | -$1.58B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02