Plug Power (PLUG) Research & Development (2010 - 2026)

Plug Power (PLUG) has 17 years of Research & Development data on file, last reported at $12.1 million in Q1 2026.

• On a quarterly basis, Research & Development fell 30.21% year-over-year to $12.1 million in Q1 2026; TTM through Mar 2026 was $52.7 million, a 23.93% decrease from a year earlier, with the FY2025 full-year figure at $58.0 million, down 24.95% from the prior year.
• Research & Development for Q1 2026 stood at $12.1 million, down from $12.3 million in the prior quarter.
• Over the last five years, Research & Development for PLUG reached as high as $30.3 million in Q4 2023 and fell as low as $12.1 million in Q1 2026.
• Historically, Research & Development has averaged $21.2 million across 5 years, with a median of $20.5 million in 2022.
• Across the five-year window, Research & Development soared 110.03% in 2022 and sank 56.14% in 2024, its largest moves.
• Year by year, Research & Development stood at $27.5 million in 2022, then advanced by 10.39% to $30.3 million in 2023, then slumped by 56.14% to $13.3 million in 2024, then decreased by 7.54% to $12.3 million in 2025, then retreated by 1.46% to $12.1 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $12.1 million in Q1 2026, $12.3 million in Q4 2025, and $16.1 million in Q3 2025.