Growth Metrics

Plug Power (PLUG) Operating Income (2016 - 2025)

Plug Power (PLUG) has disclosed Operating Income for 16 consecutive years, with -$763.2 million as the latest value for Q4 2025.

  • Quarterly Operating Income rose 41.27% to -$763.2 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$1.5 billion through Dec 2025, up 27.35% year-over-year, with the annual reading at -$1.5 billion for FY2025, 27.35% up from the prior year.
  • Operating Income for Q4 2025 was -$763.2 million at Plug Power, down from -$348.8 million in the prior quarter.
  • The five-year high for Operating Income was -$48.3 million in Q1 2021, with the low at -$1.3 billion in Q4 2024.
  • Average Operating Income over 5 years is -$297.4 million, with a median of -$213.0 million recorded in 2023.
  • Peak annual rise in Operating Income hit 57.98% in 2021, while the deepest fall reached 237.84% in 2021.
  • Over 5 years, Operating Income stood at -$200.7 million in 2021, then dropped by 16.44% to -$233.7 million in 2022, then plummeted by 167.79% to -$625.9 million in 2023, then plummeted by 107.63% to -$1.3 billion in 2024, then surged by 41.27% to -$763.2 million in 2025.
  • According to Business Quant data, Operating Income over the past three periods came in at -$763.2 million, -$348.8 million, and -$176.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.