Plug Power (PLUG) Other Operating Expenses (2013 - 2026)
Plug Power (PLUG) reported Other Operating Expenses of $4.2 million for Q1 2026, up 138.52% year-over-year from $1.7 million in Q1 2025, and down 99.37% quarter-over-quarter from $655.8 million in Q4 2025.
Plug Power (PLUG) Other Operating Expenses (2013 - 2026) Analysis & Trends
Plug Power (PLUG) has 11 years of Other Operating Expenses data on file, last reported at $4.2 million in Q1 2026.
- Other Operating Expenses for Q1 2026 came in at $4.2 million, up 138.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $776.8 million (down 13.72% YoY), and the FY2025 annual result was $736.6 million, down 17.3% from the prior year.
- Other Operating Expenses declined to $4.2 million in Q1 2026 per PLUG's latest filing, from $655.8 million in the prior quarter.
- Over five years, Other Operating Expenses peaked at $924.8 million in Q4 2024 and troughed at -$20.5 million in Q1 2024.
- A 5-year average of $113.3 million and a median of $4.2 million in 2026 frame the typical range for Other Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Other Operating Expenses soared 3230.94% in 2023, then tumbled 571.42% in 2024.
- A 5-year view of Other Operating Expenses shows it stood at $18.8 million in 2022, then jumped by 1236.64% to $251.2 million in 2023, then soared by 268.22% to $924.8 million in 2024, then slipped by 29.09% to $655.8 million in 2025, then sank by 99.37% to $4.2 million in 2026.
- Business Quant data shows PLUG's Other Operating Expenses at $4.2 million in Q1 2026, $655.8 million in Q4 2025, and $96.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.16 Mn |
| Dec 31, 2025 | 655.85 Mn |
| Sep 30, 2025 | 96.40 Mn |
| Jun 30, 2025 | 20.43 Mn |
| Mar 31, 2025 | -10.80 Mn |
| Dec 31, 2024 | 924.85 Mn |
| Sep 30, 2024 | -8.27 Mn |
| Jun 30, 2024 | -5.37 Mn |
| Mar 31, 2024 | -20.52 Mn |
| Dec 31, 2023 | 251.17 Mn |
| Sep 30, 2023 | -7.30 Mn |
| Jun 30, 2023 | 17.99 Mn |
| Mar 31, 2023 | 4.35 Mn |
| Dec 31, 2022 | 18.79 Mn |
| Sep 30, 2022 | -5.40 Mn |
| Jun 30, 2022 | -10.57 Mn |
| Mar 31, 2022 | -139,000.00 |
| Dec 31, 2021 | 10.94 Mn |
| Sep 30, 2021 | 6.63 Mn |
| Jun 30, 2021 | -2.16 Mn |