KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeDepreciation & Amortization - TotalEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeGross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRestructuring CostsRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
Others
Ratios

Plug Power (PLUG) Research & Development (2016 - 2025)

Plug Power (PLUG) has disclosed Research & Development for 16 consecutive years, with $12.3 million as the latest value for Q4 2025.

  • On a quarterly basis, Research & Development fell 7.54% to $12.3 million in Q4 2025 year-over-year; TTM through Dec 2025 was $58.0 million, a 24.95% decrease, with the full-year FY2025 number at $58.0 million, down 24.95% from a year prior.
  • Research & Development was $12.3 million for Q4 2025 at Plug Power, down from $16.1 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $30.3 million in Q4 2023 to a low of $9.7 million in Q1 2021.
  • A 5-year average of $20.7 million and a median of $20.1 million in 2022 define the central range for Research & Development.
  • Peak YoY movement for Research & Development: soared 733.35% in 2021, then tumbled 56.14% in 2024.
  • Plug Power's Research & Development stood at $27.1 million in 2021, then rose by 1.17% to $27.5 million in 2022, then rose by 10.39% to $30.3 million in 2023, then plummeted by 56.14% to $13.3 million in 2024, then fell by 7.54% to $12.3 million in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Research & Development are $12.3 million (Q4 2025), $16.1 million (Q3 2025), and $12.2 million (Q2 2025).