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.

• Research & Development for Q1 2026 came in at $12.1 million, down 30.21% year-over-year; the trailing twelve-month figure through Mar 2026 was $52.7 million (down 23.93% YoY), and the FY2025 annual result was $58.0 million, down 24.95% from the prior year.
• Research & Development declined to $12.1 million in Q1 2026 per PLUG's latest filing, from $12.3 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 $21.2 million and a median of $20.5 million in 2022 frame the typical range for Research & Development.
• The sharpest annual moves came in 2022 and 2024: Research & Development surged 110.03% in 2022, then tumbled 56.14% in 2024.
• A 5-year view of Research & Development shows it stood at $27.5 million in 2022, then increased by 10.39% to $30.3 million in 2023, then sank by 56.14% to $13.3 million in 2024, then declined by 7.54% to $12.3 million in 2025, then dropped by 1.46% to $12.1 million in 2026.
• Business Quant data shows PLUG's Research & Development at $12.1 million in Q1 2026, $12.3 million in Q4 2025, and $16.1 million in Q3 2025.