Plug Power (PLUG) Consolidated Net Income (2010 - 2026)
Plug Power's (PLUG) quarterly Consolidated Net Income came in at -$246.0 million in Q1 2026, down 24.98% year-on-year from -$328.0 million in Q1 2025, and up 55.15% on a QoQ basis from -$548.6 million in Q4 2025.
Plug Power (PLUG) Consolidated Net Income (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Consolidated Net Income data on file, last reported at -$246.0 million in Q1 2026.
- On a quarterly basis, Consolidated Net Income fell 24.98% year-over-year to -$246.0 million in Q1 2026; TTM through Mar 2026 was -$1.4 billion, a 30.97% increase from a year earlier, with the FY2025 full-year figure at -$1.3 billion, up 36.54% from the prior year.
- Consolidated Net Income for Q1 2026 stood at -$246.0 million, up from -$548.6 million in the prior quarter.
- Over the last five years, Consolidated Net Income for PLUG reached as high as -$156.5 million in Q1 2022 and fell as low as -$1.3 billion in Q4 2024.
- Historically, Consolidated Net Income has averaged -$340.9 million across 5 years, with a median of -$236.4 million in 2023.
- Across the five-year window, Consolidated Net Income slumped 191.96% in 2023 and jumped 59.02% in 2025, its largest moves.
- Year by year, Consolidated Net Income stood at -$223.5 million in 2022, then slumped by 191.96% to -$652.5 million in 2023, then plunged by 105.17% to -$1.3 billion in 2024, then soared by 59.02% to -$548.6 million in 2025, then jumped by 55.15% to -$246.0 million in 2026.
- Per Business Quant data, the three most recent Consolidated Net Income figures were -$246.0 million in Q1 2026, -$548.6 million in Q4 2025, and -$363.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 1.96 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 390.10 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 73.66 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 183.00 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 2.00 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | -500,000.00 |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | -55.00 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 45.89 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 77.30 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | -246.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -246.04 Mn |
| Dec 31, 2025 | -548.63 Mn |
| Sep 30, 2025 | -363.51 Mn |
| Jun 30, 2025 | -228.73 Mn |
| Mar 31, 2025 | -196.86 Mn |
| Dec 31, 2024 | -1.34 Bn |
| Sep 30, 2024 | -211.17 Mn |
| Jun 30, 2024 | -262.33 Mn |
| Mar 31, 2024 | -295.78 Mn |
| Dec 31, 2023 | -652.53 Mn |
| Sep 30, 2023 | -283.51 Mn |
| Jun 30, 2023 | -236.42 Mn |
| Mar 31, 2023 | -206.53 Mn |
| Dec 31, 2022 | -223.50 Mn |
| Sep 30, 2022 | -170.74 Mn |
| Jun 30, 2022 | -173.27 Mn |
| Mar 31, 2022 | -156.50 Mn |
| Dec 31, 2021 | -192.91 Mn |
| Sep 30, 2021 | -106.67 Mn |
| Jun 30, 2021 | -99.63 Mn |