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.

• On a quarterly basis, Operating Expenses fell 15.98% year-over-year to $87.9 million in Q1 2026; TTM through Mar 2026 was $1.2 billion, a 13.62% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 12.16% from the prior year.
• Operating Expenses for Q1 2026 stood at $87.9 million, down from $768.6 million in the prior quarter.
• Over the last five years, Operating Expenses for PLUG reached as high as $1.1 billion in Q4 2024 and fell as low as $87.9 million in Q1 2026.
• Historically, Operating Expenses has averaged $237.0 million across 5 years, with a median of $123.5 million in 2025.
• Across the five-year window, Operating Expenses jumped 187.48% in 2022 and decreased 28.54% in 2024, its largest moves.
• Year by year, Operating Expenses 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 dropped by 27.83% to $768.6 million in 2025, then slumped by 88.57% to $87.9 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $87.9 million in Q1 2026, $768.6 million in Q4 2025, and $228.6 million in Q3 2025.