Plug Power (PLUG) Gross Profit (2010 - 2026)
Plug Power (PLUG) reported Gross Profit of -$21.6 million for Q1 2026, up 70.75% year-over-year from -$12.7 million in Q1 2025, and down 496.39% on a QoQ basis from $5.5 million in Q4 2025.
Plug Power (PLUG) has 17 years of Gross Profit data on file, last reported at -$21.6 million in Q1 2026.
- Quarterly Gross Profit rose 70.75% year-over-year to -$21.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$189.8 million (up 64.83% YoY) and the FY2025 annual result came in at -$242.0 million, up 61.27% from the prior year.
- Gross Profit eased to -$21.6 million in Q1 2026 per PLUG's latest filing, from $5.5 million in the prior quarter.
- Across five years, Gross Profit topped out at $5.5 million in Q4 2025 and bottomed at -$234.5 million in Q4 2024.
- The 5-year median for Gross Profit is -$78.1 million (2023), against an average of -$93.6 million.
- The widest annual swing landed in 2023, when Gross Profit tumbled 199.51%; it then soared 102.32% in 2025.
- Tracing PLUG's Gross Profit over 5 years: stood at -$80.5 million in 2022, then tumbled by 176.21% to -$222.3 million in 2023, then declined by 5.51% to -$234.5 million in 2024, then soared by 102.32% to $5.5 million in 2025, then tumbled by 496.39% to -$21.6 million in 2026.
- Per Business Quant, the three latest PLUG Gross Profit figures stand at -$21.6 million (Q1 2026), $5.5 million (Q4 2025), and -$120.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.61 Mn |
| Mar 31, 2026 | -21.61 Mn |
| Dec 31, 2025 | 5.45 Mn |
| Dec 31, 2025 | 5.45 Mn |
| Sep 30, 2025 | -120.17 Mn |
| Sep 30, 2025 | -120.17 Mn |
| Jun 30, 2025 | -53.47 Mn |
| Jun 30, 2025 | -53.47 Mn |
| Mar 31, 2025 | -73.86 Mn |
| Mar 31, 2025 | -73.86 Mn |
| Dec 31, 2024 | -234.53 Mn |
| Dec 31, 2024 | -234.53 Mn |
| Sep 30, 2024 | -100.03 Mn |
| Sep 30, 2024 | -100.03 Mn |
| Jun 30, 2024 | -131.26 Mn |
| Jun 30, 2024 | -131.26 Mn |
| Mar 31, 2024 | -159.08 Mn |
| Mar 31, 2024 | -159.08 Mn |
| Dec 31, 2023 | -222.29 Mn |
| Dec 31, 2023 | -222.29 Mn |
| Sep 30, 2023 | -137.97 Mn |
| Sep 30, 2023 | -137.97 Mn |
| Jun 30, 2023 | -78.14 Mn |
| Jun 30, 2023 | -78.14 Mn |
| Mar 31, 2023 | -69.40 Mn |
| Mar 31, 2023 | -69.40 Mn |
| Dec 31, 2022 | -80.48 Mn |
| Dec 31, 2022 | -80.48 Mn |
| Sep 30, 2022 | -46.06 Mn |
| Sep 30, 2022 | -46.06 Mn |
| Jun 30, 2022 | -32.47 Mn |
| Jun 30, 2022 | -32.47 Mn |
| Mar 31, 2022 | -35.35 Mn |
| Mar 31, 2022 | -35.35 Mn |
| Dec 31, 2021 | -87.76 Mn |
| Dec 31, 2021 | -87.76 Mn |
| Sep 30, 2021 | -31.08 Mn |
| Sep 30, 2021 | -31.08 Mn |
| Jun 30, 2021 | -40.30 Mn |
| Jun 30, 2021 | -40.30 Mn |
| Mar 31, 2021 | -12.17 Mn |
| Mar 31, 2021 | -12.17 Mn |
| Dec 31, 2020 | -431.11 Mn |
| Dec 31, 2020 | -431.11 Mn |
| Sep 30, 2020 | -28.58 Mn |
| Sep 30, 2020 | -28.58 Mn |
| Jun 30, 2020 | -15,000.00 |
| Jun 30, 2020 | -15,000.00 |
| Mar 31, 2020 | -9.70 Mn |
| Mar 31, 2020 | -9.70 Mn |
| Dec 31, 2019 | 7.75 Mn |
| Dec 31, 2019 | 7.75 Mn |
| Sep 30, 2019 | 4.50 Mn |
| Sep 30, 2019 | 4.50 Mn |
| Jun 30, 2019 | 6.14 Mn |
| Jun 30, 2019 | 6.14 Mn |
| Mar 31, 2019 | -7.74 Mn |
| Mar 31, 2019 | -7.74 Mn |
| Dec 31, 2018 | 4.51 Mn |
| Dec 31, 2018 | 4.51 Mn |
| Sep 30, 2018 | 4.41 Mn |
| Sep 30, 2018 | 4.41 Mn |
| Jun 30, 2018 | -2.31 Mn |
| Jun 30, 2018 | -2.31 Mn |
| Mar 31, 2018 | -3.98 Mn |
| Mar 31, 2018 | -3.98 Mn |
| Dec 31, 2017 | -657,000.00 |
| Dec 31, 2017 | -657,000.00 |
| Sep 30, 2017 | -19.41 Mn |
| Sep 30, 2017 | -19.41 Mn |
| Jun 30, 2017 | -3.54 Mn |
| Jun 30, 2017 | -3.54 Mn |
| Mar 31, 2017 | -4.48 Mn |
| Mar 31, 2017 | -4.48 Mn |
| Dec 31, 2016 | 3.01 Mn |
| Dec 31, 2016 | 3.01 Mn |
| Sep 30, 2016 | 381,000.00 |
| Sep 30, 2016 | 381,000.00 |
| Jun 30, 2016 | 384,000.00 |
| Jun 30, 2016 | 384,000.00 |
| Mar 31, 2016 | 170,000.00 |
| Mar 31, 2016 | 170,000.00 |
| Dec 31, 2015 | -9.42 Mn |
| Dec 31, 2015 | -9.42 Mn |
| Sep 30, 2015 | 76,000.00 |
| Sep 30, 2015 | 76,000.00 |
| Jun 30, 2015 | 1.56 Mn |
| Jun 30, 2015 | 1.56 Mn |
| Mar 31, 2015 | -2.11 Mn |
| Mar 31, 2015 | -2.11 Mn |
| Dec 31, 2014 | -1.66 Mn |
| Dec 31, 2014 | -1.66 Mn |
| Sep 30, 2014 | -1.09 Mn |
| Sep 30, 2014 | -1.09 Mn |
| Jun 30, 2014 | 195,000.00 |
| Jun 30, 2014 | 195,000.00 |
| Mar 31, 2014 | -2.31 Mn |
| Mar 31, 2014 | -2.31 Mn |
| Dec 31, 2013 | -27.14 Mn |
| Dec 31, 2013 | -27.14 Mn |
| Sep 30, 2013 | -3.45 Mn |
| Sep 30, 2013 | -3.45 Mn |
| Jun 30, 2013 | -4.97 Mn |
| Jun 30, 2013 | -4.97 Mn |
| Mar 31, 2013 | -416,848.00 |
| Mar 31, 2013 | -416,848.00 |
| Dec 31, 2012 | -22.96 Mn |
| Dec 31, 2012 | -22.96 Mn |
| Sep 30, 2012 | -10.35 Mn |
| Sep 30, 2012 | -10.35 Mn |
| Jun 30, 2012 | 6.37 Mn |
| Jun 30, 2012 | 6.37 Mn |
| Mar 31, 2012 | 6.99 Mn |
| Mar 31, 2012 | 6.99 Mn |
| Dec 31, 2011 | -17.11 Mn |
| Dec 31, 2011 | -17.11 Mn |
| Sep 30, 2011 | -7.57 Mn |
| Sep 30, 2011 | -7.57 Mn |
| Jun 30, 2011 | -2.47 Mn |
| Jun 30, 2011 | -2.47 Mn |
| Mar 31, 2011 | -1.34 Mn |
| Mar 31, 2011 | -1.34 Mn |
| Dec 31, 2010 | -17.17 Mn |
| Dec 31, 2010 | -17.17 Mn |
| Sep 30, 2010 | -1.59 Mn |
| Sep 30, 2010 | -1.59 Mn |
| Jun 30, 2010 | -3.76 Mn |
| Jun 30, 2010 | -3.76 Mn |