Plug Power Financial Statements
NASDAQ: PLUGEnergyIndustrial Machinery/ComponentsUSD
At close: Oct 7, 4:00 PM ET · Delayed 15 min
Pre-market: 1.77 -0.58%
Plug Power revenue and earnings
In fiscal 2025, Plug Power generated $709.9 million in revenue, up 12.9% from fiscal 2024. Plug Power reported a net loss of $1.63 billion, compared with a loss of $2.10 billion a year earlier. Gross margin was -34.1% (up from -99.4%) and operating margin -206.7%.
Diluted earnings per share came in at -$1.42.
Summary generated from market data by MetaCap's automated system. Methodology
Plug Power income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 709.92M | 628.81M | 891.34M | 701.44M | 502.34M | -93.24M | 229.97M | 174.22M | 100.15M | 82.82M |
| Revenue growth (YoY) | +12.90% | -29.45% | +27.07% | +39.63% | — | -140.54% | +32.01% | +73.95% | +20.93% | -19.82% |
| Cost of Revenue | 951.96M | 1.25B | 1.40B | 895.80M | 673.65M | 376.18M | 219.33M | 200.22M | 131.35M | 81.98M |
| Gross Profit | -242.04M | -624.89M | -507.79M | -194.36M | -171.31M | -469.42M | 10.65M | -26.00M | -28.09M | 3.95M |
| Operating Expenses | 1.23B | 1.39B | 835.73M | 485.19M | 266.01M | 114.79M | 58.26M | 50.44M | 73.70M | 55.47M |
| Research & Development | 57.96M | 77.23M | 113.75M | 99.58M | 64.76M | 27.85M | 15.06M | 12.75M | 28.69M | 21.18M |
| Selling, General & Admin | 379.57M | 376.11M | 422.47M | 363.93M | 179.85M | 79.35M | 43.20M | 37.69M | 45.01M | 34.29M |
| Operating Income | -1.47B | -2.02B | -1.34B | -679.55M | -437.32M | -584.20M | -47.61M | -76.44M | -101.79M | -51.52M |
| Interest Expense | 65.13M | 46.62M | 45.20M | 39.04M | 43.23M | 60.51M | 37.03M | — | — | — |
| Other Income (Expense) | 7.61M | -19.96M | -131.00K | -1.14M | -606.00K | -60.48M | -35.69M | -22.75M | -10.10M | -10.70M |
| Pretax Income | -1.69B | -2.11B | -1.38B | -723.17M | -476.16M | -627.00M | -83.74M | -94.90M | -127.08M | -57.88M |
| Income Tax | 356.00K | -2.69M | -7.36M | 839.00K | -16.20M | -30.84M | — | -9.29M | — | -392.00K |
| Net Income | -1.63B | -2.10B | -1.37B | -724.01M | -459.96M | -596.15M | -83.74M | -85.61M | -127.08M | -57.49M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -1.42 | -2.68 | -2.30 | -1.25 | -0.82 | -1.68 | -0.36 | -0.39 | -0.60 | -0.32 |
| EPS (Diluted) | -1.42 | -2.68 | -2.30 | -1.25 | -0.82 | -1.68 | -0.36 | -0.39 | -0.60 | -0.32 |
| Shares Outstanding (Basic) | 1.15B | 785.02M | 595.47M | 579.72M | 558.18M | 354.79M | 237.15M | 218.88M | 216.34M | 180.62M |
| Shares Outstanding (Diluted) | 1.15B | 785.02M | 595.47M | 579.72M | 558.18M | 354.79M | 237.15M | 218.88M | 216.34M | 180.62M |
| EBITDA | -1.43B | -1.96B | -1.29B | -649.15M | -416.42M | -569.77M | -35.67M | -76.14M | -92.60M | -46.87M |
| Gross Margin | -34.09% | -99.38% | -56.97% | -27.71% | -34.10% | 503.47% | 4.63% | -14.93% | -28.05% | 4.76% |
| Operating Margin | -206.70% | -321.21% | -150.73% | -96.88% | -87.06% | 626.58% | -20.70% | -43.88% | -101.64% | -62.21% |
| Net Margin | -229.83% | -334.71% | -153.57% | -103.22% | -91.56% | 639.40% | -36.41% | -49.14% | -126.89% | -69.41% |
This table shows 10 annual periods of Plug Power's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PLUG's reporting calendar. What is a income statement?