Plug Power financials
$1.91+2.69%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $178.3M | $163.5M | $225.2M | $177.1M | $174.0M | $133.7M | $191.5M | $173.7M | $143.3M | $120.3M | $222.2M | $198.7M |
| Gross profit | -$1.7M | -$21.6M | $5.5M | -$120.2M | -$53.5M | -$73.9M | -$234.5M | -$100.0M | -$131.3M | -$159.1M | -$222.3M | -$138.0M |
| Gross margin | −0.9% | −13.2% | 2.4% | −67.9% | −30.7% | −55.3% | −122.5% | −57.6% | −91.6% | −132.3% | −100.1% | −69.4% |
| Operating income | -$64.1M | -$109.5M | -$763.2M | -$348.8M | -$176.9M | -$178.5M | -$1.30B | -$216.2M | -$244.7M | -$259.4M | -$625.9M | -$274.0M |
| Net income | -$188.2M | -$245.3M | -$846.0M | -$361.9M | -$227.1M | -$196.7M | -$1.34B | -$211.2M | -$262.3M | -$295.8M | -$642.4M | -$283.5M |
| Net margin | −105.6% | −150.0% | −375.6% | −204.4% | −130.5% | −147.1% | −697.5% | −121.5% | −183.0% | −245.9% | −289.2% | −142.7% |
| Diluted EPS | $-0.14 | $-0.18 | $-0.62 | $-0.31 | $-0.20 | $-0.21 | $-1.48 | $-0.25 | $-0.36 | $-0.46 | $-1.08 | $-0.47 |
| EBITDA | -$38.9M | -$97.0M | -$78.1M | -$236.7M | -$142.6M | -$146.1M | -$334.7M | -$189.5M | -$212.6M | -$241.0M | -$345.3M | -$250.1M |
| Operating cash flow | -$94.1M | -$150.0M | -$157.0M | -$81.5M | -$191.8M | -$105.6M | -$140.5M | -$165.7M | -$254.7M | -$167.7M | -$242.7M | -$238.9M |
| Free cash flow | -$100.4M | -$152.4M | -$175.8M | -$101.8M | -$230.4M | -$146.0M | -$221.6M | -$213.9M | -$361.0M | -$266.4M | -$428.7M | -$410.4M |
| Diluted shares | 1,391.2M | 1,389.7M | 1,355.9M | 1,158.5M | 1,126.6M | 945.8M | 903.5M | 858.4M | 736.8M | 641.3M | 595.1M | 599.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $161.9M | $223.2M | $368.5M | $165.9M | $140.7M | $295.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $820.7M | $770.0M | $730.1M | $712.0M | $692.2M | $680.2M |
| Total assets | $2.19B | $2.37B | $2.59B | $3.10B | $3.35B | $3.63B |
| Total liabilities | $1.61B | $1.59B | $1.59B | $1.61B | $1.59B | $1.70B |
| Shareholders' equity | $587.3M | $773.9M | $1.00B | $1.50B | $1.76B | $1.93B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology