Growth Metrics

Plug Power (PLUG) EBITDA (2016 - 2025)

Plug Power (PLUG) has disclosed EBITDA for 16 consecutive years, with -$763.2 million as the latest value for Q4 2025.

  • Quarterly EBITDA rose 41.02% to -$763.2 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$1.5 billion through Dec 2025, up 25.78% year-over-year, with the annual reading at -$1.4 billion for FY2025, 27.06% up from the prior year.
  • EBITDA for Q4 2025 was -$763.2 million at Plug Power, down from -$348.8 million in the prior quarter.
  • The five-year high for EBITDA was -$46.7 million in Q1 2021, with the low at -$1.3 billion in Q4 2024.
  • Average EBITDA over 5 years is -$292.3 million, with a median of -$203.9 million recorded in 2023.
  • Peak annual rise in EBITDA hit 58.2% in 2021, while the deepest fall reached 243.47% in 2021.
  • Over 5 years, EBITDA stood at -$199.0 million in 2021, then fell by 14.67% to -$228.2 million in 2022, then plummeted by 169.73% to -$615.6 million in 2023, then plummeted by 110.21% to -$1.3 billion in 2024, then surged by 41.02% to -$763.2 million in 2025.
  • According to Business Quant data, EBITDA over the past three periods came in at -$763.2 million, -$348.8 million, and -$176.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.