Plug Power (PLUG) Cost of Revenue (2010 - 2026)

Plug Power (PLUG) has 17 years of Cost of Revenue data on file, last reported at $185.1 million in Q1 2026.

• On a quarterly basis, Cost of Revenue fell 10.8% year-over-year to $185.1 million in Q1 2026; TTM through Mar 2026 was $929.5 million, a 21.35% decrease from a year earlier, with the FY2025 full-year figure at $952.0 million, down 24.07% from the prior year.
• Cost of Revenue for Q1 2026 stood at $185.1 million, down from $219.8 million in the prior quarter.
• Over the last five years, Cost of Revenue for PLUG reached as high as $444.4 million in Q4 2023 and fell as low as $176.2 million in Q1 2022.
• Historically, Cost of Revenue has averaged $275.6 million across 5 years, with a median of $274.6 million in 2024.
• Across the five-year window, Cost of Revenue jumped 109.38% in 2022 and plunged 48.41% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $301.2 million in 2022, then soared by 47.55% to $444.4 million in 2023, then declined by 4.15% to $426.0 million in 2024, then plunged by 48.41% to $219.8 million in 2025, then retreated by 15.77% to $185.1 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $185.1 million in Q1 2026, $219.8 million in Q4 2025, and $297.2 million in Q3 2025.