Plug Power Inc.
PLUG · NASDAQ
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 701.44M | -194.36M | -679.55M | -724.01M | -1.25 |
| 2023 FY | 891.34M | -507.79M | -1.34B | -1.37B | -2.30 |
| 2024 FY | 628.81M | -624.89M | -2.02B | -2.10B | -2.45 |
| 2025 FY | 709.92M | -242.04M | -679.57M | -1.63B | -1.41 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 5.76B | 1.70B | 690.63M | 898.73M | 4.06B |
| 2023 FY | 4.90B | 2.00B | 135.03M | 1.13B | 2.90B |
| 2024 FY | 3.60B | 1.80B | 205.69M | 1.08B | 1.73B |
| 2025 FY | 2.59B | 1.59B | 555.29M | 997.17M | 978.07M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -620.83M | -463.87M | -1.08B | — | -1.79B |
| 2023 FY | -1.11B | -696.13M | -1.80B | — | -380.20M |
| 2024 FY | -728.64M | -334.25M | -1.06B | — | -128.44M |
| 2025 FY | -535.84M | -125.64M | -661.48M | — | 151.59M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 7.17B | 7.38B | — | — | — |
| 2023 FY | 2.68B | 3.67B | — | — | — |
| 2024 FY | 1.83B | 2.70B | — | — | — |
| 2025 FY | 2.28B | 2.72B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 173.97M | -53.47M | -153.55M | -227.10M | -0.20 |
| 2025 Q3 | 177.06M | -120.17M | -246.88M | -361.87M | -0.31 |
| 2025 Q4 | 225.22M | 5.45M | -107.09M | -845.97M | -0.73 |
| 2026 Q1 | 163.51M | -21.61M | -103.93M | -245.30M | -0.18 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 3.35B | 1.59B | 140.74M | 991.97M | 1.68B |
| 2025 Q3 | 3.10B | 1.61B | 165.90M | 991.43M | 1.42B |
| 2025 Q4 | 2.59B | 1.59B | 555.29M | 997.17M | 978.07M |
| 2026 Q1 | 2.37B | 1.59B | 223.19M | 1.01B | 749.81M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | -191.81M | -38.62M | -230.43M | — | -199.81M |
| 2025 Q3 | -89.81M | -30.10M | -119.91M | — | -27.78M |
| 2025 Q4 | -148.64M | -9.06M | -157.71M | — | 200.14M |
| 2026 Q1 | -150.04M | -8.11M | -158.16M | — | -148.41M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 1.68B | 2.53B | — | — | — |
| 2025 Q3 | 2.70B | 3.52B | — | — | — |
| 2025 Q4 | 2.28B | 2.72B | — | — | — |
| 2026 Q1 | 3.14B | 3.93B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |