Plug Power (PLUG) EBITDA (2010 - 2026)

Plug Power's (PLUG) quarterly EBITDA came in at -$109.5 million in Q1 2026, up 38.65% year-on-year from -$79.0 million in Q1 2025, and up 85.65% on a QoQ basis from -$763.2 million in Q4 2025.

Plug Power (PLUG) EBITDA (2010 - 2026) Analysis & Trends

Plug Power (PLUG) has 17 years of EBITDA data on file, last reported at -$109.5 million in Q1 2026.

  • On a quarterly basis, EBITDA rose 38.65% year-over-year to -$109.5 million in Q1 2026; TTM through Mar 2026 was -$1.4 billion, a 27.88% increase from a year earlier, with the FY2025 full-year figure at -$1.5 billion, up 27.35% from the prior year.
  • EBITDA for Q1 2026 stood at -$109.5 million, up from -$763.2 million in the prior quarter.
  • Over the last five years, EBITDA for PLUG reached as high as -$109.5 million in Q1 2026 and fell as low as -$1.3 billion in Q4 2024.
  • Historically, EBITDA has averaged -$330.6 million across 5 years, with a median of -$233.7 million in 2022.
  • Across the five-year window, EBITDA tumbled 188.23% in 2022 and jumped 41.27% in 2025, its largest moves.
  • Year by year, 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 soared by 41.27% to -$763.2 million in 2025, then soared by 85.65% to -$109.5 million in 2026.
  • Per Business Quant data, the three most recent EBITDA figures were -$109.5 million in Q1 2026, -$763.2 million in Q4 2025, and -$348.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.18 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 440.10 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 72.19 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 263.80 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 195.70 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 68.30 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 193.30 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 57.58 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 123.70 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn -109.49 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 -89.64 Mn