Plug Power PLUG
NASDAQ PLUG
$2.17 -0.09 (-3.97%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Plug Power's (PLUG) quarterly Operating Income came in at -$64.1 million in Q2 2026, up 63.77% year-over-year from -$39.1 million in Q2 2025, and up 41.45% quarter-over-quarter from -$109.5 million in Q1 2026.

Analysis

Plug Power (PLUG) Operating Income (2010 - 2026) Analysis & Trends

Plug Power (PLUG) has reported Operating Income for 17 consecutive years, with -$64.1 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Income rose 63.77% year-over-year to -$64.1 million in Q2 2026; TTM through Jun 2026 was -$1.3 billion, a 31.3% increase from a year earlier, with the FY2025 full-year figure at -$1.5 billion, up 27.35% from the prior year.
  • Operating Income was -$64.1 million for Q2 2026 at Plug Power, up from -$109.5 million in the prior quarter.
  • Over five years, Operating Income peaked at -$64.1 million in Q2 2026 and troughed at -$1.3 billion in Q4 2024.
  • A 5-year average of -$315.8 million and a median of -$225.0 million in 2022 frame the typical range for Operating Income.
  • Across the five-year window, Operating Income slumped 188.23% in 2022 and soared 63.77% in 2026, its largest moves.
  • Over 5 years, Operating Income stood at -$233.7 million in 2022, then tumbled by 167.79% to -$625.9 million in 2023, then plunged by 107.63% to -$1.3 billion in 2024, then surged by 41.27% to -$763.2 million in 2025, then soared by 91.6% to -$64.1 million in 2026.
  • The last three Operating Income figures came in at -$64.1 million (Q2 2026), -$109.5 million (Q1 2026), and -$763.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Plug Power 3.04 Bn 2.72 Bn -1.68 Mn -64.11 Mn
2 NewHydrogen 12.64 Mn 12.64 Mn - -917,891.00
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -64.11 Mn
Mar 31, 2026 -109.49 Mn
Dec 31, 2025 -763.19 Mn
Sep 30, 2025 -348.79 Mn
Jun 30, 2025 -176.95 Mn
Mar 31, 2025 -178.46 Mn
Dec 31, 2024 -1.30 Bn
Sep 30, 2024 -216.17 Mn
Jun 30, 2024 -244.67 Mn
Mar 31, 2024 -259.41 Mn
Dec 31, 2023 -625.91 Mn
Sep 30, 2023 -273.97 Mn
Jun 30, 2023 -233.84 Mn
Mar 31, 2023 -209.80 Mn
Dec 31, 2022 -233.73 Mn
Sep 30, 2022 -159.75 Mn
Jun 30, 2022 -146.91 Mn
Mar 31, 2022 -139.16 Mn
Dec 31, 2021 -200.74 Mn
Sep 30, 2021 -98.66 Mn