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Plug Power (PLUG) Cost of Revenue (2016 - 2025)

Historic Cost of Revenue for Plug Power (PLUG) over the last 17 years, with Q3 2025 value amounting to $297.2 million.

  • Plug Power's Cost of Revenue rose 857.15% to $297.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $1.2 billion, marking a year-over-year decrease of 895.77%. This contributed to the annual value of $1.3 billion for FY2024, which is 1039.43% down from last year.
  • Per Plug Power's latest filing, its Cost of Revenue stood at $297.2 million for Q3 2025, which was up 857.15% from $227.4 million recorded in Q2 2025.
  • In the past 5 years, Plug Power's Cost of Revenue ranged from a high of $444.4 million in Q4 2023 and a low of $84.1 million during Q1 2021
  • Moreover, its 5-year median value for Cost of Revenue was $273.8 million (2024), whereas its average is $260.8 million.
  • In the last 5 years, Plug Power's Cost of Revenue surged by 14239.82% in 2021 and then tumbled by 2570.5% in 2025.
  • Quarter analysis of 5 years shows Plug Power's Cost of Revenue stood at $249.7 million in 2021, then grew by 20.65% to $301.2 million in 2022, then soared by 47.55% to $444.4 million in 2023, then fell by 4.15% to $426.0 million in 2024, then tumbled by 30.23% to $297.2 million in 2025.
  • Its Cost of Revenue was $297.2 million in Q3 2025, compared to $227.4 million in Q2 2025 and $207.5 million in Q1 2025.