PLUG POWER INC Financial Summary

Quick Answer

PLUG POWER INC reported Total Revenue of $709.92 million for fiscal year 2025.

PLUG POWER INC — Key Financials by Year

Metric 2025 2024 2023 2022 2021 2020
Total Revenue $709.92M
+12.9%
$628.81M
-29.5%
$891.34M
+27.1%
$701.44M
+39.6%
$502.34M
+638.8%
-$93.24M
-140.5%
Net Income -$1.63B
+22.5%
-$2.10B
-53.8%
-$1.37B
-89.1%
-$724.01M
-57.4%
-$459.96M
+22.8%
-$596.15M
-611.9%
Diluted EPS -$1.42
+47.0%
-$2.68
-16.5%
-$2.30
-84.0%
-$1.25
-52.4%
-$0.82
+51.2%
-$1.68
-366.7%
Total Assets $2.59B
-28.0%
$3.60B
-26.5%
$4.90B
-14.9%
$5.76B
-3.1%
$5.95B
+842.4%
$631.36M
+75.0%
Cash and Equivalents $368.54M
+79.2%
$205.69M
+52.3%
$135.03M
-80.4%
$690.63M
-72.2%
$2.48B
+3237.7%
$74.34M
+89.0%
Long-Term Debt
Stockholders Equity $978.07M
-43.6%
$1.73B
-40.2%
$2.90B
-28.6%
$4.06B
-11.8%
$4.61B
+4311.9%
$104.39M
+1575.5%
R&D Expense $57.96M
-24.9%
$77.23M
-32.1%
$113.75M
+14.2%
$99.58M
+53.8%
$64.76M
+132.6%
$27.85M
+84.9%
Operating Income -$1.47B
+27.4%
-$2.02B
-50.3%
-$1.34B
-97.7%
-$679.55M
-55.4%
-$437.32M
+25.1%
-$584.20M
-1127.0%
Gross Profit -$242.04M
+61.3%
-$624.89M
-23.1%
-$507.79M
-161.3%
-$194.36M
-13.5%
-$171.31M
+63.5%
-$469.42M
-4508.5%
Shares Outstanding

Most Recent Quarter

Metric Quarter Ending Value YoY QoQ
Total Revenue September 30, 2025 $177.06M +1.9% +1.8%
Net Income September 30, 2025 -$361.87M -71.4% -59.3%
Diluted EPS September 30, 2025 -$0.31 -24.0% -55.0%
Total Assets September 30, 2025 $3.10B -34.3% -7.4%
Cash and Equivalents September 30, 2025 $165.90M +76.6% +17.9%
Long-Term Debt March 31, 2019 $72.68M +464.6% +54543.6%
Stockholders Equity September 30, 2025 $1.42B -53.2% -15.7%
R&D Expense September 30, 2025 $16.12M -18.2% +32.2%
Operating Income September 30, 2025 -$348.79M -61.4% -97.1%
Gross Profit September 30, 2025 -$120.17M -20.1% -124.8%
  • PLUG POWER INC reported Total Revenue of $709.92 million for fiscal year 2025.
  • PLUG POWER INC showed an increase of +12.9% in Total Revenue compared to the prior fiscal year.
  • PLUG POWER INC reported Net Income of -$1.63 billion for fiscal year 2025.
  • PLUG POWER INC showed an increase of +22.5% in Net Income compared to the prior fiscal year.
  • PLUG POWER INC reported Diluted EPS of $1.42 per share (loss) for fiscal year 2025.
  • PLUG POWER INC showed an increase of +47.0% in Diluted EPS compared to the prior fiscal year.
  • PLUG POWER INC reported Total Assets of $2.59 billion for fiscal year 2025.
  • PLUG POWER INC showed a decrease of -28.0% in Total Assets compared to the prior fiscal year.
  • PLUG POWER INC reported Cash and Equivalents of $368.54 million for fiscal year 2025.
  • PLUG POWER INC showed an increase of +79.2% in Cash and Equivalents compared to the prior fiscal year.
  • PLUG POWER INC reported Long-Term Debt of $133.0 thousand for fiscal year 2018.
  • PLUG POWER INC showed a decrease of -99.0% in Long-Term Debt compared to the prior fiscal year.
  • PLUG POWER INC reported Stockholders Equity of $978.07 million for fiscal year 2025.
  • PLUG POWER INC showed a decrease of -43.6% in Stockholders Equity compared to the prior fiscal year.
  • PLUG POWER INC reported R&D Expense of $57.96 million for fiscal year 2025.
  • PLUG POWER INC showed a decrease of -24.9% in R&D Expense compared to the prior fiscal year.
  • PLUG POWER INC reported Operating Income of -$1.47 billion for fiscal year 2025.
  • PLUG POWER INC showed an increase of +27.4% in Operating Income compared to the prior fiscal year.
  • PLUG POWER INC reported Gross Profit of -$242.04 million for fiscal year 2025.
  • PLUG POWER INC showed an increase of +61.3% in Gross Profit compared to the prior fiscal year.
  • PLUG POWER INC reported Shares Outstanding of 180.09 million shares for fiscal year 2015.
  • PLUG POWER INC showed an increase of +3.9% in Shares Outstanding compared to the prior fiscal year.
  • All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.

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