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
DateValue
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