Plug Power Inc (PLUG)

Name: Plug Power Inc (PLUG) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

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SEC name PLUG POWER INC · CIK 0001093691 · Nasdaq · Electrical Industrial Apparatus

Sector Manufacturing
Incorporated DE
Fiscal year ends Dec 31

For the year ended 2025-12-31, Plug Power Inc reported revenue of $709.92M. Revenue grew 12.9% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $744.09M.

Key ratios (year ended 2025-12-31)

-34.1%

Gross margin

-206.7%

Operating margin

-229.8%

Net margin

-166.8%

Return on year-end equity

12.9%

Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-19

Headquarters locality: Latham / Slingerlands · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period ended	TTM to 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31
Revenue	$744.09M	$709.92M	$628.81M	$891.34M	$701.44M	$502.34M	-$93.24M	n/a	n/a	n/a	$229.97M
Cost of Revenue	$882.08M	$951.96M	$1.25B	$1.40B	$895.80M	$673.65M	$376.18M	n/a	n/a	n/a	$219.33M
Gross Profit	-$138.00M	-$242.04M	-$624.89M	-$507.79M	-$194.36M	-$171.31M	-$469.42M	n/a	n/a	n/a	$10.65M
R&D Expense	$53.94M	$57.96M	$77.23M	$113.75M	$99.58M	$64.76M	$27.85M	n/a	n/a	n/a	$15.06M
Operating Income	-$1.29B	-$1.47B	-$2.02B	-$1.34B	-$679.55M	-$437.32M	-$584.20M	n/a	n/a	n/a	-$47.61M
Net Income	-$1.64B	-$1.63B	-$2.10B	-$1.37B	-$724.01M	-$459.96M	-$596.15M	n/a	n/a	n/a	-$83.74M
EPS (Diluted)	n/a	-$1.42	-$2.68	-$2.30	-$1.25	-$0.82	-$1.68	n/a	n/a	n/a	-$0.36
Total Assets	$2.19B	$2.59B	$3.60B	$4.90B	$5.76B	$5.95B	$2.25B	$1.36B	$898.72M	$631.36M	$659.51M
Total Liabilities	$1.61B	$1.59B	$1.80B	$2.00B	$1.70B	$1.34B	$784.36M	$769.83M	$664.16M	$526.26M	$528.46M
Long-Term Debt	n/a	n/a	n/a	$3.90M	$9.00M	n/a	n/a	n/a	n/a	n/a	n/a
Shareholders' Equity	$581.75M	$978.07M	$1.73B	$2.90B	$4.06B	$4.61B	$1.47B	$586.26M	$234.56M	$104.39M	$129.90M
Cash & Equivalents	$161.89M	$368.54M	$205.69M	$135.03M	$690.63M	$2.48B	$1.31B	$448.14M	$152.49M	$74.34M	$139.50M
Operating Cash Flow	-$482.56M	-$535.84M	-$728.64M	-$1.11B	-$828.62M	-$358.18M	-$155.48M	n/a	n/a	n/a	-$53.32M
Capital Expenditures	$40.81M	$111.16M	$287.10M	$665.21M	$436.61M	$172.17M	$22.53M	n/a	n/a	n/a	$5.68M
Free Cash Flow	-$523.37M	-$647.00M	-$1.02B	-$1.77B	-$1.27B	-$530.34M	-$178.00M	n/a	n/a	n/a	-$59.01M
Shares Outstanding	n/a	n/a	n/a	n/a	590.35M	577.65M	458.05M	n/a	n/a	n/a	303.38M
Weighted Average Diluted Shares	n/a	1.15B	785.02M	595.47M	579.72M	558.18M	354.79M	n/a	n/a	n/a	237.15M
EPS (Basic)	n/a	-$1.42	-$2.68	-$2.30	-$1.25	-$0.82	-$1.68	n/a	n/a	n/a	-$0.36

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