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

Plug Power (PLUG) has reported Research & Development for 17 consecutive years, with $13.4 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Research & Development rose 10.06% year-over-year to $13.4 million in Q2 2026; TTM through Jun 2026 was $53.9 million, a 13.77% decrease from a year earlier, with the FY2025 full-year figure at $58.0 million, down 24.95% from the prior year.
• Research & Development was $13.4 million for Q2 2026 at Plug Power, up from $12.1 million in the prior quarter.
• Over five years, Research & Development peaked at $30.3 million in Q4 2023 and troughed at $12.1 million in Q1 2026.
• A 5-year average of $20.8 million and a median of $20.1 million in 2022 frame the typical range for Research & Development.
• Across the five-year window, Research & Development jumped 110.03% in 2022 and plunged 56.14% in 2024, its largest moves.
• Over 5 years, Research & Development stood at $27.5 million in 2022, then grew by 10.39% to $30.3 million in 2023, then slumped by 56.14% to $13.3 million in 2024, then dropped by 7.54% to $12.3 million in 2025, then advanced by 9.18% to $13.4 million in 2026.
• The last three Research & Development figures came in at $13.4 million (Q2 2026), $12.1 million (Q1 2026), and $12.3 million (Q4 2025), per Business Quant data.