Plug Power (PLUG) Profit After Tax (2010 - 2026)
Plug Power (PLUG) reported Profit After Tax of -$246.0 million for Q1 2026, down 24.96% year-over-year from -$327.8 million in Q1 2025, and up 72.99% quarter-over-quarter from -$910.9 million in Q4 2025.
Plug Power (PLUG) Profit After Tax (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Profit After Tax data on file, last reported at -$246.0 million in Q1 2026.
- Profit After Tax for Q1 2026 came in at -$246.0 million, down 24.96% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.7 billion (up 12.59% YoY), and the FY2025 annual result was -$1.7 billion, up 19.05% from the prior year.
- Profit After Tax improved to -$246.0 million in Q1 2026 per PLUG's latest filing, from -$910.9 million in the prior quarter.
- Over five years, Profit After Tax peaked at -$156.5 million in Q1 2022 and troughed at -$1.3 billion in Q4 2024.
- A 5-year average of -$361.1 million and a median of -$236.4 million in 2023 frame the typical range for Profit After Tax.
- The sharpest annual moves came in 2023 and 2025: Profit After Tax plunged 187.47% in 2023, then jumped 33.44% in 2025.
- A 5-year view of Profit After Tax shows it stood at -$223.5 million in 2022, then sank by 187.47% to -$642.4 million in 2023, then slumped by 107.15% to -$1.3 billion in 2024, then surged by 31.55% to -$910.9 million in 2025, then jumped by 72.99% to -$246.0 million in 2026.
- Business Quant data shows PLUG's Profit After Tax at -$246.0 million in Q1 2026, -$910.9 million in Q4 2025, and -$363.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 390.10 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 73.69 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 140.40 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 181.80 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 66.80 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 45.89 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 17.50 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 96.80 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | -246.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -246.00 Mn |
| Dec 31, 2025 | -910.90 Mn |
| Sep 30, 2025 | -363.50 Mn |
| Jun 30, 2025 | -228.73 Mn |
| Mar 31, 2025 | -196.86 Mn |
| Dec 31, 2024 | -1.33 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 | -223.47 Mn |
| Sep 30, 2022 | -170.76 Mn |
| Jun 30, 2022 | -173.30 Mn |
| Mar 31, 2022 | -156.49 Mn |
| Dec 31, 2021 | -192.91 Mn |
| Sep 30, 2021 | -106.67 Mn |
| Jun 30, 2021 | -99.63 Mn |