Stocktoria
PLUG POWER INC PLUG
PLUG POWER INC financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $709.9M | $628.8M | $891.3M | $701.4M | $502.3M | -$93.2M | $230.0M | $174.2M | $103.3M | $85.9M |
| Gross profit | -$242.0M | -$624.9M | -$507.8M | -$194.4M | -$171.3M | -$469.4M | $10.6M | -$26.0M | -$28.1M | $3.9M |
| R&D expense | $58.0M | $77.2M | $113.7M | $99.6M | $64.8M | $27.8M | $15.1M | $12.8M | $28.7M | $21.2M |
| SG&A expense | $379.6M | $376.1M | $422.5M | $363.9M | $179.9M | $79.3M | $43.2M | $37.7M | $45.0M | $34.3M |
| Operating income | -$1.5B | -$2.0B | -$1.3B | -$679.5M | -$437.3M | -$584.2M | -$47.6M | -$76.4M | -$101.8M | -$51.5M |
| Interest expense | $65.1M | $46.6M | $45.2M | $39.0M | $43.2M | $60.5M | $37.0M | — | — | — |
| Income tax | $356,000 | -$2.7M | -$7.4M | $839,000 | -$16.2M | -$30.8M | — | -$9.3M | — | -$392,000 |
| Net income | -$1.6B | -$2.1B | -$1.4B | -$724.0M | -$460.0M | -$596.2M | -$83.7M | -$85.6M | -$127.1M | -$57.5M |
| EPS (diluted) | $-1.42 | $-2.68 | $-2.30 | $-1.25 | $-0.82 | $-1.68 | $-0.36 | — | — | — |
| Operating cash flow | -$535.8M | -$728.6M | -$1.1B | -$828.6M | -$358.2M | -$155.5M | -$53.3M | -$58.4M | -$60.2M | -$29.6M |
| Free cash flow | -$647.0M | -$1.0B | -$1.8B | -$1.3B | -$530.3M | -$178.0M | -$59.0M | -$63.5M | -$64.3M | -$32.4M |
| Cash & equivalents | $368.5M | $205.7M | $135.0M | $690.6M | $2.5B | $1.3B | $139.5M | $38.6M | $24.8M | $46.0M |
| Inventory | $521.0M | $682.6M | $961.3M | $645.6M | $269.2M | $139.4M | $72.4M | $47.9M | $48.8M | $29.9M |
| Total assets | $2.6B | $3.6B | $4.9B | $5.8B | $6.0B | $2.3B | $659.5M | $390.3M | $270.8M | $240.8M |
| Total liabilities | $1.6B | $1.8B | $2.0B | $1.7B | $1.3B | $784.4M | $528.5M | $356.0M | $196.5M | $146.1M |
| Shareholders' equity | $1.0B | $1.8B | $2.9B | $4.1B | $4.6B | $1.5B | $129.9M | -$3.6M | $70.2M | $85.1M |
Growth · year-over-year · Revenue CAGR 26.4%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +12.9% | -29.5% | +27.1% | +39.6% | — | -140.5% | +32.0% | +68.7% | +20.2% | -16.8% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.