Plug Power (PLUG) Other Operating Expenses (2014 - 2026)
Plug Power's (PLUG) quarterly Other Operating Expenses came in at $4.2 million in Q1 2026, up 138.52% year-on-year from $1.7 million in Q1 2025, and down 99.37% on a QoQ basis from $655.8 million in Q4 2025.
Plug Power (PLUG) Other Operating Expenses (2014 - 2026) Analysis & Trends
Plug Power (PLUG) has 10 years of Other Operating Expenses data on file, last reported at $4.2 million in Q1 2026.
- On a quarterly basis, Other Operating Expenses rose 138.52% year-over-year to $4.2 million in Q1 2026; TTM through Mar 2026 was $776.9 million, a 16.61% decrease from a year earlier, with the FY2025 full-year figure at $762.0 million, down 18.37% from the prior year.
- Other Operating Expenses for Q1 2026 stood at $4.2 million, down from $655.8 million in the prior quarter.
- Over the last five years, Other Operating Expenses for PLUG reached as high as $930.3 million in Q4 2024 and fell as low as -$10.8 million in Q1 2025.
- Historically, Other Operating Expenses has averaged $126.3 million across 5 years, with a median of $8.8 million in 2023.
- Across the five-year window, Other Operating Expenses tumbled 804.64% in 2022 and soared 2126.14% in 2025, its largest moves.
- Year by year, Other Operating Expenses stood at $24.3 million in 2022, then soared by 976.4% to $261.5 million in 2023, then jumped by 255.8% to $930.3 million in 2024, then decreased by 29.5% to $655.8 million in 2025, then slumped by 99.37% to $4.2 million in 2026.
- Per Business Quant data, the three most recent Other Operating Expenses figures were $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 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 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 | 96.41 Mn |
| Jun 30, 2025 | 20.43 Mn |
| Mar 31, 2025 | -10.80 Mn |
| Dec 31, 2024 | 930.30 Mn |
| Sep 30, 2024 | 4.33 Mn |
| Jun 30, 2024 | 7.73 Mn |
| Mar 31, 2024 | -8.91 Mn |
| Dec 31, 2023 | 261.47 Mn |
| Sep 30, 2023 | 2.90 Mn |
| Jun 30, 2023 | 25.29 Mn |
| Mar 31, 2023 | 9.85 Mn |
| Dec 31, 2022 | 24.29 Mn |
| Jun 30, 2022 | -5.07 Mn |
| Mar 31, 2022 | 2.46 Mn |
| Dec 31, 2021 | 12.64 Mn |
| Sep 30, 2021 | 8.53 Mn |
| Jun 30, 2021 | -560,000.00 |
| Mar 31, 2021 | 790,000.00 |