Plug Power (PLUG) Other Operating Expenses (2014 - 2026)
Plug Power (PLUG) posted quarterly 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 (2014 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Other Operating Expenses for 10 consecutive years, with $4.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Other Operating Expenses rose 138.52% year-over-year to $4.2 million; the TTM figure through Mar 2026 stood at $776.9 million (down 16.61% YoY), while the FY2025 annual figure was $762.0 million, down 18.37% from the prior year.
- Other Operating Expenses slipped to $4.2 million in Q1 2026 per PLUG's latest filing, from $655.8 million in the prior quarter.
- Across five years, Other Operating Expenses topped out at $930.3 million in Q4 2024 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Other Operating Expenses sank 804.64% — and 2025, when it surged 2126.14%.
- Plug Power's Other Operating Expenses stood at $24.3 million in 2022, then jumped by 976.4% to $261.5 million in 2023, then surged by 255.8% to $930.3 million in 2024, then fell by 29.5% to $655.8 million in 2025, then slumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.55 Mn |
| 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 |