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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.

  • On a quarterly basis, Operating Income fell 374.87% to -$763.2 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$1.5 billion, a 231.54% decrease, with the full-year FY2025 number at -$1.5 billion, down 231.54% from a year prior.
  • Operating Income was -$763.2 million for Q4 2025 at Plug Power, down from -$348.8 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $428.6 million in Q4 2023 to a low of -$763.2 million in Q4 2025.
  • A 5-year average of -$165.8 million and a median of -$189.6 million in 2021 define the central range for Operating Income.
  • Peak YoY movement for Operating Income: skyrocketed 283.36% in 2023, then tumbled 374.87% in 2025.
  • Plug Power's Operating Income stood at -$200.7 million in 2021, then fell by 16.44% to -$233.7 million in 2022, then surged by 283.36% to $428.6 million in 2023, then crashed by 35.21% to $277.7 million in 2024, then plummeted by 374.87% to -$763.2 million in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Operating Income are -$763.2 million (Q4 2025), -$348.8 million (Q3 2025), and -$176.9 million (Q2 2025).