Plug Power (PLUG) Revenue (2010 - 2026)
Plug Power (PLUG) reported 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 17 years of Revenue data on file, last reported at $163.5 million in Q1 2026.
- Revenue for Q1 2026 came in at $163.5 million, up 22.32% year-over-year; the trailing twelve-month figure through Mar 2026 was $739.8 million (up 15.19% YoY), and the FY2025 annual result was $709.9 million, up 12.9% from the prior year.
- Revenue fell to $163.5 million in Q1 2026 per PLUG's latest filing, from $225.2 million in the prior quarter.
- Over five years, Revenue peaked at $260.2 million in Q2 2023 and troughed at $120.3 million in Q1 2024.
- A 5-year average of $182.1 million and a median of $177.1 million in 2025 frame the typical range for Revenue.
- The sharpest annual moves came in 2022 and 2024: Revenue soared 95.68% in 2022, then slumped 44.9% in 2024.
- A 5-year view of Revenue shows it stood at $220.7 million in 2022, then gained by 0.64% to $222.2 million in 2023, then slipped by 13.81% to $191.5 million in 2024, then increased by 17.63% to $225.2 million in 2025, then decreased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 2.65 Bn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 751.05 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 1.24 Bn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 1.52 Bn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 511.00 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 296.62 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 33.64 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 1.06 Bn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | 163.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 124.56 Mn |