Plug Power Inc. (PLUG) — Financial statements
Income statement, balance sheet, and cash flow for Plug Power Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 710↑12.9% | 629↓29.5% | 891↑27.1% | 701↑39.6% | 502 | |
| Cost of Revenue | 952↓24.1% | 1,254↓10.4% | 1,399↑56.2% | 896↑33.0% | 674 | |
| Gross Profit | -242↑61.3% | -625↓23.1% | -508↓161.3% | -194↓13.5% | -171 | |
| Operating Expenses | ||||||
| R&D Expenses | 58↓24.9% | 77↓32.1% | 114↑14.2% | 100↑53.8% | 65 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 380↑0.9% | 376↓11.0% | 422↑16.1% | 364↑102.3% | 180 | |
| Other Expenses | 0.00↓100.0% | 942↑214.4% | 300↑1281.2% | 22↑1.3% | 21 | |
| Operating Expenses | 438↓68.6% | 1,395↑66.9% | 836↑72.2% | 485↑82.4% | 266 | |
| Total Costs & Expenses | 1,389↓47.5% | 2,649↑18.5% | 2,235↑61.8% | 1,381↑47.0% | 940 | |
| Operating Results | ||||||
| Operating Income | -680↑66.4% | -2,020↓50.3% | -1,344↓97.7% | -680↓55.4% | -437 | |
| Depreciation & Amortization | 45↓47.3% | 85↑19.0% | 71↑37.8% | 52↑120.8% | 23 | |
| EBITDA | -635↑67.9% | -1,976↓56.9% | -1,260↓99.2% | -633↓54.4% | -410 | |
| EBIT | -680↑67.0% | -2,061↓54.8% | -1,331↓94.6% | -684↓58.0% | -433 | |
| Interest & Other Income | ||||||
| Net Interest Income | -46↓187.3% | -16↓249.7% | 11↑697.8% | -2↑95.5% | -39 | |
| Interest Income | 19↓36.7% | 31↓45.0% | 56↑49.8% | 37↑822.3% | 4 | |
| Interest Expense | 65↑39.7% | 47↑3.1% | 45↑15.8% | 39↓9.7% | 43 | |
| Non-Operating Income | 0.00↓100.0% | 41↑428.3% | -13↓373.4% | 5↑204.4% | -4 | |
| Other Income / Expenses | -1,014↓1055.3% | -88↓168.6% | -33↑25.1% | -44↓12.3% | -39 | |
| Income Before Tax | -1,693↑19.7% | -2,108↓53.1% | -1,376↓90.3% | -723↓51.9% | -476 | |
| Income Tax Expense | 0.36↑113.3% | -3↑63.5% | -7↓977.7% | 0.84↑105.2% | -16 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -1,694↑19.5% | -2,105↓53.8% | -1,369↓89.1% | -724↓57.4% | -460 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -1,632↑22.5% | -2,105↓53.8% | -1,369↓89.1% | -724↓57.4% | -460 | |
| Bottom-Line Net Income | -1,632↑22.5% | -2,105↓53.8% | -1,369↓89.1% | -724↓57.4% | -460 | |
| EPS (Basic) | -1.41↑42.4% | -2.45↓6.5% | -2.30↓84.0% | -1.25↓52.4% | -0.82 | |
| EPS (Diluted) | -1.41↑42.4% | -2.45↓6.5% | -2.30↓84.0% | -1.25↓52.4% | -0.82 | |
| Weighted Average Shares | 1,159↑35.0% | 858↑44.2% | 595↑2.7% | 580↑3.9% | 558 | |
| Weighted Average Diluted Shares | 1,159↑35.0% | 858↑44.2% | 595↑2.7% | 580↑3.9% | 558 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.