Plug Power (PLUG) Revenue (2010 - 2026)
Plug Power (PLUG) posted quarterly Revenue of $163.5 million for Q1 2026, up 22.32% year-over-year from $133.7 million in Q1 2025, and down 27.4% quarter-over-quarter from $225.2 million in Q4 2025.
Plug Power (PLUG) Revenue (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Revenue for 17 consecutive years, with $163.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Revenue rose 22.32% year-over-year to $163.5 million; the TTM figure through Mar 2026 stood at $739.8 million (up 15.19% YoY), while the FY2025 annual figure was $709.9 million, up 12.9% from the prior year.
- Revenue eased to $163.5 million in Q1 2026 per PLUG's latest filing, from $225.2 million in the prior quarter.
- Across five years, Revenue topped out at $260.2 million in Q2 2023 and bottomed at $120.3 million in Q1 2024.
- Historically, Revenue has averaged $182.1 million across 5 years, with a median of $177.1 million in 2025.
- Annual changes were most pronounced in 2022 — Revenue soared 95.68% — and 2024, when it slumped 44.9%.
- Plug Power's Revenue stood at $220.7 million in 2022, then advanced by 0.64% to $222.2 million in 2023, then dropped by 13.81% to $191.5 million in 2024, then rose by 17.63% to $225.2 million in 2025, then slipped by 27.4% to $163.5 million in 2026.
- Business Quant data shows PLUG's Revenue at $163.5 million in Q1 2026, $225.2 million in Q4 2025, and $177.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 3.27 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 1.07 Bn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 1.47 Bn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 1.71 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 574.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 1.20 Bn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 311.74 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 935.64 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 318.38 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 178.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 178.30 Mn |
| Mar 31, 2026 | 163.51 Mn |
| Dec 31, 2025 | 225.22 Mn |
| Sep 30, 2025 | 177.06 Mn |
| Jun 30, 2025 | 173.97 Mn |
| Mar 31, 2025 | 133.67 Mn |
| Dec 31, 2024 | 191.47 Mn |
| Sep 30, 2024 | 173.73 Mn |
| Jun 30, 2024 | 143.35 Mn |
| Mar 31, 2024 | 120.26 Mn |
| Dec 31, 2023 | 222.16 Mn |
| Sep 30, 2023 | 198.71 Mn |
| Jun 30, 2023 | 260.18 Mn |
| Mar 31, 2023 | 210.29 Mn |
| Dec 31, 2022 | 220.74 Mn |
| Sep 30, 2022 | 188.63 Mn |
| Jun 30, 2022 | 151.27 Mn |
| Mar 31, 2022 | 140.80 Mn |
| Dec 31, 2021 | 161.91 Mn |
| Sep 30, 2021 | 143.92 Mn |