Plug Power (PLUG) Gross Profit (2010 - 2026)
Plug Power (PLUG) posted quarterly 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% quarter-over-quarter from $5.5 million in Q4 2025.
Plug Power (PLUG) Gross Profit (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Gross Profit for 17 consecutive years, with -$21.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Profit rose 70.75% year-over-year to -$21.6 million; the TTM figure through Mar 2026 stood at -$189.8 million (up 64.83% YoY), while the FY2025 annual figure was -$242.0 million, up 61.27% from the prior year.
- Gross Profit fell 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.
- Historically, Gross Profit has averaged -$93.6 million across 5 years, with a median of -$78.1 million in 2023.
- Annual changes were most pronounced in 2023 — Gross Profit sank 199.51% — and 2025, when it surged 102.32%.
- Plug Power's Gross Profit stood at -$80.5 million in 2022, then slumped by 176.21% to -$222.3 million in 2023, then decreased by 5.51% to -$234.5 million in 2024, then soared by 102.32% to $5.5 million in 2025, then slumped by 496.39% to -$21.6 million in 2026.
- Business Quant data shows PLUG's Gross Profit at -$21.6 million in Q1 2026, $5.5 million in Q4 2025, and -$120.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.68 Mn |
| Jun 30, 2026 | -1.68 Mn |
| 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 |