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
DateValue
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