Plug Power (PLUG) Profit After Tax (2010 - 2026)
Plug Power's (PLUG) quarterly Profit After Tax came in at -$245.3 million in Q1 2026, down 24.58% year-on-year from -$325.3 million in Q1 2025, and up 72.99% on a QoQ basis from -$908.0 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 -$245.3 million in Q1 2026.
- On a quarterly basis, Profit After Tax fell 24.58% year-over-year to -$245.3 million in Q1 2026; TTM through Mar 2026 was -$1.7 billion, a 13.06% increase from a year earlier, with the FY2025 full-year figure at -$1.7 billion, up 19.53% from the prior year.
- Profit After Tax for Q1 2026 stood at -$245.3 million, up from -$908.0 million in the prior quarter.
- Over the last five years, Profit After Tax for PLUG reached as high as -$156.5 million in Q1 2022 and fell as low as -$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.
- Across the five-year window, Profit After Tax tumbled 187.48% in 2023 and soared 33.43% in 2025, its largest moves.
- Year by year, 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 surged by 32.0% to -$908.0 million in 2025, then soared by 72.99% to -$245.3 million in 2026.
- Per Business Quant data, the three most recent Profit After Tax figures were -$245.3 million in Q1 2026, -$908.0 million in Q4 2025, and -$361.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 415.18 Bn | 415.15 Bn | 6.04 Mn | 1.02 Mn |
| 2 | Vertiv Holdings | 112.54 Bn | 110.04 Bn | 999.70 Mn | 390.10 Mn |
| 3 | Bloom Energy | 54.90 Bn | 52.41 Bn | 225.54 Mn | 73.69 Mn |
| 4 | Hubbell | 26.04 Bn | 25.53 Bn | 505.30 Mn | 181.80 Mn |
| 5 | nVent Electric | 24.70 Bn | 24.51 Bn | 445.60 Mn | 145.60 Mn |
| 6 | Advanced Energy Industries | 11.62 Bn | 10.92 Bn | 200.90 Mn | 67.30 Mn |
| 7 | Acuity Inc. (De) | 10.17 Bn | 9.76 Bn | 606.40 Mn | 130.10 Mn |
| 8 | Powell Industries | 8.51 Bn | 7.96 Bn | 87.94 Mn | 45.89 Mn |
| 9 | EnerSys | 7.18 Bn | 6.74 Bn | 290.87 Mn | 77.30 Mn |
| 10 | Plug Power | 2.93 Bn | 2.53 Bn | -21.61 Mn | -245.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -99.63 Mn |