Plug Power (PLUG) EBT (2010 - 2026)
Plug Power (PLUG) posted quarterly EBT of -$246.0 million for Q1 2026, down 24.96% year-over-year from -$327.8 million in Q1 2025, and up 72.8% quarter-over-quarter from -$904.3 million in Q4 2025.
Plug Power (PLUG) EBT (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported EBT for 17 consecutive years, with -$246.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT fell 24.96% year-over-year to -$246.0 million; the TTM figure through Mar 2026 stood at -$1.7 billion (up 13.26% YoY), while the FY2025 annual figure was -$1.7 billion, up 19.66% from the prior year.
- EBT improved to -$246.0 million in Q1 2026 per PLUG's latest filing, from -$904.3 million in the prior quarter.
- Across five years, EBT topped out at -$156.9 million in Q1 2022 and bottomed at -$1.3 billion in Q4 2024.
- Historically, EBT has averaged -$361.5 million across 5 years, with a median of -$237.3 million in 2023.
- Annual changes were most pronounced in 2023 — EBT tumbled 186.78% — and 2025, when it soared 33.41%.
- Plug Power's EBT stood at -$224.2 million in 2022, then sank by 186.78% to -$642.8 million in 2023, then tumbled by 108.17% to -$1.3 billion in 2024, then soared by 32.42% to -$904.3 million in 2025, then jumped by 72.8% to -$246.0 million in 2026.
- Business Quant data shows PLUG's EBT at -$246.0 million in Q1 2026, -$904.3 million in Q4 2025, and -$363.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 620.00 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 200.33 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 282.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 303.70 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 66.60 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 185.20 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 69.12 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 135.01 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 59.26 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | -189.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -189.90 Mn |
| Mar 31, 2026 | -246.00 Mn |
| Dec 31, 2025 | -904.33 Mn |
| Sep 30, 2025 | -363.41 Mn |
| Jun 30, 2025 | -228.72 Mn |
| Mar 31, 2025 | -196.86 Mn |
| Dec 31, 2024 | -1.34 Bn |
| Sep 30, 2024 | -211.07 Mn |
| Jun 30, 2024 | -262.71 Mn |
| Mar 31, 2024 | -295.61 Mn |
| Dec 31, 2023 | -642.84 Mn |
| Sep 30, 2023 | -288.21 Mn |
| Jun 30, 2023 | -237.32 Mn |
| Mar 31, 2023 | -207.83 Mn |
| Dec 31, 2022 | -224.16 Mn |
| Sep 30, 2022 | -169.24 Mn |
| Jun 30, 2022 | -172.87 Mn |
| Mar 31, 2022 | -156.90 Mn |
| Dec 31, 2021 | -209.11 Mn |
| Sep 30, 2021 | -106.67 Mn |