Plug Power (PLUG) Consolidated Net Income (2010 - 2026)

Plug Power (PLUG) reported Consolidated Net Income of -$246.0 million for Q1 2026, down 24.98% year-over-year from -$328.0 million in Q1 2025, and up 72.8% quarter-over-quarter from -$904.6 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.

  • Consolidated Net Income for Q1 2026 came in at -$246.0 million, down 24.98% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.7 billion (up 13.25% YoY), and the FY2025 annual result was -$1.7 billion, up 19.66% from the prior year.
  • Consolidated Net Income grew to -$246.0 million in Q1 2026 per PLUG's latest filing, from -$904.6 million in the prior quarter.
  • Over five years, Consolidated Net Income peaked at -$156.5 million in Q1 2022 and troughed at -$1.3 billion in Q4 2024.
  • A 5-year average of -$361.2 million and a median of -$236.4 million in 2023 frame the typical range for Consolidated Net Income.
  • The sharpest annual moves came in 2023 and 2025: Consolidated Net Income plunged 187.47% in 2023, then soared 33.45% in 2025.
  • A 5-year view of Consolidated Net Income shows it stood at -$223.5 million in 2022, then sank by 187.47% to -$642.4 million in 2023, then slumped by 108.4% to -$1.3 billion in 2024, then soared by 32.43% to -$904.6 million in 2025, then jumped by 72.8% to -$246.0 million in 2026.
  • Business Quant data shows PLUG's Consolidated Net Income at -$246.0 million in Q1 2026, -$904.6 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 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 390.10 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 73.70 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 2.00 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 183.00 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn -500,000.00
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 45.89 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -17.53 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 96.80 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn -246.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -246.04 Mn
Dec 31, 2025 -904.58 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 -295.81 Mn
Dec 31, 2023 -642.40 Mn
Sep 30, 2023 -283.51 Mn
Jun 30, 2023 -236.40 Mn
Mar 31, 2023 -206.56 Mn
Dec 31, 2022 -223.47 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