Plug Power (PLUG) Operating Expenses (2010 - 2026)

Plug Power (PLUG) has 17 years of Operating Expenses data on file, last reported at $87.9 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $87.9 million, down 15.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 13.62% YoY), and the FY2025 annual result was $1.2 billion, down 12.16% from the prior year.
• Operating Expenses eased to $87.9 million in Q1 2026 per PLUG's latest filing, from $768.6 million in the prior quarter.
• Over five years, Operating Expenses peaked at $1.1 billion in Q4 2024 and troughed at $87.9 million in Q1 2026.
• A 5-year average of $237.0 million and a median of $123.5 million in 2025 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 187.48% in 2022, then dropped 28.54% in 2024.
• A 5-year view of Operating Expenses shows it stood at $153.3 million in 2022, then soared by 163.37% to $403.6 million in 2023, then jumped by 163.87% to $1.1 billion in 2024, then retreated by 27.83% to $768.6 million in 2025, then sank by 88.57% to $87.9 million in 2026.
• Business Quant data shows PLUG's Operating Expenses at $87.9 million in Q1 2026, $768.6 million in Q4 2025, and $228.6 million in Q3 2025.