Plug Power (PLUG) EBITDA (2010 - 2026)
Plug Power's (PLUG) quarterly EBITDA came in at -$64.1 million in Q2 2026, up 63.77% year-over-year from -$39.1 million in Q2 2025, and up 41.45% quarter-over-quarter from -$109.5 million in Q1 2026.
Analysis
Plug Power (PLUG) EBITDA (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported EBITDA for 17 consecutive years, with -$64.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA rose 63.77% year-over-year to -$64.1 million in Q2 2026; TTM through Jun 2026 was -$1.3 billion, a 31.3% increase from a year earlier, with the FY2025 full-year figure at -$1.5 billion, up 27.35% from the prior year.
- EBITDA was -$64.1 million for Q2 2026 at Plug Power, up from -$109.5 million in the prior quarter.
- Over five years, EBITDA peaked at -$64.1 million in Q2 2026 and troughed at -$1.3 billion in Q4 2024.
- A 5-year average of -$315.8 million and a median of -$225.0 million in 2022 frame the typical range for EBITDA.
- Across the five-year window, EBITDA slumped 188.23% in 2022 and soared 63.77% in 2026, its largest moves.
- Over 5 years, EBITDA stood at -$233.7 million in 2022, then tumbled by 167.79% to -$625.9 million in 2023, then plunged by 107.63% to -$1.3 billion in 2024, then surged by 41.27% to -$763.2 million in 2025, then soared by 91.6% to -$64.1 million in 2026.
- The last three EBITDA figures came in at -$64.1 million (Q2 2026), -$109.5 million (Q1 2026), and -$763.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 3.03 Bn | 2.72 Bn | -1.68 Mn | -64.11 Mn |
| 2 | NewHydrogen | 16.29 Mn | 16.29 Mn | - | -917,825.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -64.11 Mn |
| Mar 31, 2026 | -109.49 Mn |
| Dec 31, 2025 | -763.19 Mn |
| Sep 30, 2025 | -348.79 Mn |
| Jun 30, 2025 | -176.95 Mn |
| Mar 31, 2025 | -178.46 Mn |
| Dec 31, 2024 | -1.30 Bn |
| Sep 30, 2024 | -216.17 Mn |
| Jun 30, 2024 | -244.67 Mn |
| Mar 31, 2024 | -259.41 Mn |
| Dec 31, 2023 | -625.91 Mn |
| Sep 30, 2023 | -273.97 Mn |
| Jun 30, 2023 | -233.84 Mn |
| Mar 31, 2023 | -209.80 Mn |
| Dec 31, 2022 | -233.73 Mn |
| Sep 30, 2022 | -159.75 Mn |
| Jun 30, 2022 | -146.91 Mn |
| Mar 31, 2022 | -139.16 Mn |
| Dec 31, 2021 | -200.74 Mn |
| Sep 30, 2021 | -98.66 Mn |