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Plug Power Inc. (PLUG)
Industrials · Electrical Equipment & Parts · NasdaqCM
Plug Power Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.82M | $100.15M | $174.22M | $229.97M | $-93.24M | $502.34M | $701.44M | $891.34M | $628.81M | $709.92M |
| Gross profit | $3.95M | $-28.09M | $-26.00M | $10.65M | $-469.42M | $-171.31M | $-194.36M | $-507.79M | $-624.89M | $-242.04M |
| Net income | $-57.49M | $-127.08M | $-85.61M | $-83.74M | $-596.15M | $-459.96M | $-724.01M | $-1.37B | $-2.10B | $-1.63B |
| Net margin | -69.4% | -126.9% | -49.1% | -36.4% | 639.4% | -91.6% | -103.2% | -153.6% | -334.7% | -229.8% |
Source: Plug Power Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Explore 17 years of Plug Power Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Plug Power Inc. financial history by metric
About Plug Power Inc.
Plug Power Inc. designs, develops, and sells hydrogen products and solutions in Europe, Australia, North America, and internationally. The company offers GenDrive, a hydrogen fueled PEM fuel cell system, which powers material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment; GenFuel, a liquid hydrogen fueling, delivery, generation, storage, and dispensing system; and GenCare, an Internet of Things based maintenance and on-site service program. It also provides GenKey, a turn-key solution; GenEco electrolyzers for clean hydrogen production; liquefaction systems; cryogenic equipment, such as trailers and mobile storage equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases; GenSure, a stationary fuel cell solution; and liquid hydrogen. The company serves customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications through its direct sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is based in Slingerlands, New York.
Plug Power Inc. — frequently asked questions
What is Plug Power Inc.'s revenue?
Plug Power Inc. (PLUG) reported revenue of $709.92M for fiscal year 2025, up 12.9% from the prior year, according to its SEC filings.
Is Plug Power Inc. profitable?
No — PLUG reported a net loss of $-1.63B in fiscal 2025.
What is PLUG's P/E ratio?
Plug Power Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does Plug Power Inc. have?
As of fiscal year 2025, PLUG carried roughly $703.50M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Plug Power Inc.'s gross margin?
PLUG's gross margin was -34.1% in fiscal 2025 — gross profit of $-242.04M on revenue of $709.92M.
What is Plug Power Inc.'s market cap?
Plug Power Inc. (PLUG) has a market capitalization of about $3.90B, based on the latest data in our nightly-refreshed cache.
When does Plug Power Inc.'s fiscal year end?
PLUG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Plug Power Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.