PLUG
Plug Power Inc
NASDAQ: PLUG · INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS
$3.41
+12.54% today
Updated 2026-04-29
Market cap
$4.75B
P/E ratio
—
P/S ratio
6.70x
EPS (TTM)
$-1.42
Dividend yield
—
52W range
$1 – $5
Volume
79.3M
Plug Power Inc (PLUG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.84M | $16.27M | $17.90M | $12.29M | $19.47M | $27.63M | $26.11M | $26.60M | $64.23M | $103.29M | $85.93M | $132.93M | $174.22M | $229.97M | $-93.24M | $502.34M | $701.44M | $891.34M | $628.81M | $709.92M |
| Revenue growth (YoY) | — | +107.6% | +10.0% | -31.3% | +58.4% | +41.9% | -5.5% | +1.9% | +141.5% | +60.8% | -16.8% | +54.7% | +31.1% | +32.0% | -140.5% | +638.8% | +39.6% | +27.1% | -29.5% | +12.9% |
| Cost of revenue | $12.47M | $28.44M | $32.95M | $19.68M | $29.48M | $36.90M | $40.46M | $37.85M | $69.09M | $113.18M | $81.98M | $131.35M | $172.01M | $202.27M | $376.18M | $673.65M | $895.80M | $1.40B | $1.25B | $951.96M |
| Gross profit | $-4.63M | $-12.17M | $-15.05M | $-7.39M | $-10.01M | $-9.28M | $-14.35M | $-11.25M | $-4.86M | $-9.89M | $3.95M | $1.58M | $2.21M | $27.70M | $-469.42M | $-171.31M | $-194.36M | $-507.79M | $-624.89M | $-242.04M |
| Gross margin | -59.1% | -74.8% | -84.0% | -60.1% | -51.4% | -33.6% | -55.0% | -42.3% | -7.6% | -9.6% | 4.6% | 1.2% | 1.3% | 12.0% | 503.5% | -34.1% | -27.7% | -57.0% | -99.4% | -34.1% |
| R&D | $41.58M | $39.22M | $34.99M | $16.32M | $12.90M | $5.66M | $5.43M | $3.12M | $6.47M | $14.95M | $21.18M | $28.69M | $33.91M | $33.67M | $27.85M | $64.76M | $99.58M | $113.75M | $77.23M | $57.96M |
| SG&A | $8.97M | $19.32M | $28.33M | $15.43M | $25.57M | $14.55M | $14.58M | $12.33M | $21.81M | $34.16M | $34.29M | $45.01M | $38.20M | $44.33M | $44.33M | $179.85M | $380.40M | $422.47M | $376.11M | $379.57M |
| Operating income | $-58.48M | $-72.33M | $-126.43M | $-41.27M | $-47.53M | $-31.13M | $-36.67M | $-28.96M | $-37.93M | $-59.00M | $-51.52M | $-101.79M | $-69.48M | $-50.04M | $-176.91M | $-437.32M | $-679.55M | $-1.34B | $-2.02B | $-679.57M |
| Operating margin | -746.3% | -444.5% | -706.3% | -335.7% | -244.1% | -112.7% | -140.5% | -108.9% | -59.1% | -57.1% | -60.0% | -76.6% | -39.9% | -21.8% | 189.7% | -87.1% | -96.9% | -150.7% | -321.2% | -95.7% |
| EBITDA | $-46.92M | $-54.53M | $-73.97M | $-33.81M | $-39.24M | $-22.98M | $-27.22M | $-58.50M | $-84.09M | $-52.35M | $-41.94M | $-107.20M | $-59.63M | $-35.42M | $-550.95M | $-409.57M | $-632.53M | $-1.26B | $-1.98B | $-635.01M |
| EBITDA margin | -598.8% | -335.1% | -413.2% | -275.1% | -201.5% | -83.2% | -104.3% | -219.9% | -130.9% | -50.7% | -48.8% | -80.6% | -34.2% | -15.4% | 590.9% | -81.5% | -90.2% | -141.4% | -314.3% | -89.4% |
| EBIT | $-50.14M | $-59.99M | $-80.59M | $-39.58M | $-46.47M | $-27.43M | $-31.60M | $-62.68M | $-88.43M | $-55.34M | $-47.17M | $-116.98M | $-71.33M | $-48.05M | $-566.52M | $-432.94M | $-684.13M | $-1.33B | $-2.06B | $-679.57M |
| Interest expense | $170835.00 | $580000.00 | $400657.00 | $1.13M | $305000.00 | $305000.00 | $262000.00 | $398000.00 | $387288.00 | $390000.00 | $10.70M | $10.10M | $22.75M | $35.50M | $60.48M | $43.23M | $39.04M | $45.20M | $46.62M | $65.13M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-50.31M | $-60.57M | $-121.70M | $-40.71M | $-46.96M | $-27.45M | $-31.86M | $-62.67M | $-88.49M | $-55.69M | $-57.49M | $-127.08M | $-78.11M | $-85.47M | $-596.15M | $-459.96M | $-724.01M | $-1.37B | $-2.10B | $-1.63B |
| Net income growth (YoY) | — | -20.4% | -100.9% | +66.6% | -15.4% | +41.5% | -16.1% | -96.7% | -41.2% | +37.1% | -3.2% | -121.1% | +38.5% | -9.4% | -597.5% | +22.8% | -57.4% | -89.1% | -53.8% | +22.5% |
| Profit margin | -642.1% | -372.3% | -679.8% | -331.2% | -241.2% | -99.4% | -122.0% | -235.6% | -137.8% | -53.9% | -66.9% | -95.6% | -44.8% | -37.2% | 639.4% | -91.6% | -103.2% | -153.6% | -334.7% | -229.8% |