Plug Power (PLUG) Free Cash Flow (2010 - 2026)
Plug Power (PLUG) recorded Free Cash Flow of -$118.42 million in Q2 2026, compared with -$230.43 million a year earlier.
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Analysis
Plug Power (PLUG) Free Cash Flow (2010 - 2026) Analysis & Trends
On a TTM basis, Plug Power's Free Cash Flow came in at -$544.72 million as of Jun 30, 2026; for FY2025, it was -$647 million.
- Across earlier years, Free Cash Flow came in at -$1.02 billion in FY2024, -$1.77 billion in FY2023, -$1.27 billion in FY2022 and -$530.34 million in FY2021.
- Quarterly Free Cash Flow has ranged from -$498.85 million in Q2 2023 to -$90.46 million in Q4 2021 over the past five years.
- Per Business Quant, the preceding three quarters came in at -$155.75 million (Q1 2026), -$153.03 million (Q4 2025) and -$117.52 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | -118.42 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 16.77 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 75.58 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | -10.09 Mn |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 25.15 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | -20.77 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | -17.55 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | -10.42 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | -827,000.00 |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -118.42 Mn |
| Mar 31, 2026 | -155.75 Mn |
| Dec 31, 2025 | -153.03 Mn |
| Sep 30, 2025 | -117.52 Mn |
| Jun 30, 2025 | -230.43 Mn |
| Mar 31, 2025 | -146.02 Mn |
| Dec 31, 2024 | -165.19 Mn |
| Sep 30, 2024 | -234.16 Mn |
| Jun 30, 2024 | -356.04 Mn |
| Mar 31, 2024 | -260.35 Mn |
| Dec 31, 2023 | -423.83 Mn |
| Sep 30, 2023 | -403.62 Mn |
| Jun 30, 2023 | -498.85 Mn |
| Mar 31, 2023 | -445.48 Mn |
| Dec 31, 2022 | -425.63 Mn |
| Sep 30, 2022 | -276.65 Mn |
| Jun 30, 2022 | -274.64 Mn |
| Mar 31, 2022 | -288.31 Mn |
| Dec 31, 2021 | -90.46 Mn |
| Sep 30, 2021 | -160.19 Mn |
API Access
Plug Power Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();