Plug Power (PLUG) Profit After Tax (2010 - 2026)
Plug Power (PLUG) posted quarterly Profit After Tax of -$245.3 million for Q1 2026, down 24.58% year-over-year from -$325.3 million in Q1 2025, and up 72.99% quarter-over-quarter from -$908.0 million in Q4 2025.
Plug Power (PLUG) Profit After Tax (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Profit After Tax for 17 consecutive years, with -$245.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Profit After Tax fell 24.58% year-over-year to -$245.3 million; the TTM figure through Mar 2026 stood at -$1.7 billion (up 13.06% YoY), while the FY2025 annual figure was -$1.7 billion, up 19.53% from the prior year.
- Profit After Tax climbed to -$245.3 million in Q1 2026 per PLUG's latest filing, from -$908.0 million in the prior quarter.
- Across five years, Profit After Tax topped out at -$156.5 million in Q1 2022 and bottomed at -$1.3 billion in Q4 2024.
- Historically, Profit After Tax has averaged -$361.1 million across 5 years, with a median of -$236.4 million in 2023.
- Annual changes were most pronounced in 2023 — Profit After Tax sank 187.48% — and 2025, when it surged 33.43%.
- Plug Power's Profit After Tax stood at -$223.5 million in 2022, then tumbled by 187.48% to -$642.4 million in 2023, then slumped by 107.88% to -$1.3 billion in 2024, then soared by 32.0% to -$908.0 million in 2025, then jumped by 72.99% to -$245.3 million in 2026.
- Business Quant data shows PLUG's Profit After Tax at -$245.3 million in Q1 2026, -$908.0 million in Q4 2025, and -$361.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 497.80 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 198.86 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 242.20 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 216.10 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 54.50 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 141.00 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 52.16 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 116.45 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -190.10 Mn |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 45.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -190.10 Mn |
| Mar 31, 2026 | -245.30 Mn |
| Dec 31, 2025 | -908.04 Mn |
| Sep 30, 2025 | -361.87 Mn |
| Jun 30, 2025 | -228.73 Mn |
| Mar 31, 2025 | -196.90 Mn |
| Dec 31, 2024 | -1.34 Bn |
| Sep 30, 2024 | -211.17 Mn |
| Jun 30, 2024 | -262.33 Mn |
| Mar 31, 2024 | -295.78 Mn |
| Dec 31, 2023 | -642.40 Mn |
| Sep 30, 2023 | -283.48 Mn |
| Jun 30, 2023 | -236.40 Mn |
| Mar 31, 2023 | -206.56 Mn |
| Dec 31, 2022 | -223.46 Mn |
| Sep 30, 2022 | -170.76 Mn |
| Jun 30, 2022 | -173.30 Mn |
| Mar 31, 2022 | -156.49 Mn |
| Dec 31, 2021 | -192.95 Mn |
| Sep 30, 2021 | -106.67 Mn |