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% quarter-over-quarter from $5.5 million in Q4 2025.
Plug Power (PLUG) Gross Profit (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Gross Profit data on file, last reported at -$21.6 million in Q1 2026.
- Gross Profit for Q1 2026 came in at -$21.6 million, up 70.75% year-over-year; the trailing twelve-month figure through Mar 2026 was -$189.8 million (up 64.83% YoY), and the FY2025 annual result was -$242.0 million, up 61.27% from the prior year.
- Gross Profit slipped to -$21.6 million in Q1 2026 per PLUG's latest filing, from $5.5 million in the prior quarter.
- Over five years, Gross Profit peaked at $5.5 million in Q4 2025 and troughed at -$234.5 million in Q4 2024.
- A 5-year average of -$93.6 million and a median of -$78.1 million in 2023 frame the typical range for Gross Profit.
- The sharpest annual moves came in 2023 and 2025: Gross Profit sank 199.51% in 2023, then surged 102.32% in 2025.
- A 5-year view of Gross Profit shows it stood at -$80.5 million in 2022, then sank by 176.21% to -$222.3 million in 2023, then retreated by 5.51% to -$234.5 million in 2024, then surged by 102.32% to $5.5 million in 2025, then sank 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 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 |