Plug Power (PLUG) Revenue (2010 - 2026)

Plug Power's (PLUG) quarterly Revenue came in at $163.5 million in Q1 2026, up 22.32% year-on-year from $133.7 million in Q1 2025, and down 27.4% on a QoQ basis 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.

  • On a quarterly basis, Revenue rose 22.32% year-over-year to $163.5 million in Q1 2026; TTM through Mar 2026 was $739.8 million, a 15.19% increase from a year earlier, with the FY2025 full-year figure at $709.9 million, up 12.9% from the prior year.
  • Revenue for Q1 2026 stood at $163.5 million, down from $225.2 million in the prior quarter.
  • Over the last five years, Revenue for PLUG reached as high as $260.2 million in Q2 2023 and fell as low as $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.
  • Across the five-year window, Revenue jumped 95.68% in 2022 and plunged 44.9% in 2024, its largest moves.
  • Year by year, Revenue stood at $220.7 million in 2022, then grew by 0.64% to $222.2 million in 2023, then fell by 13.81% to $191.5 million in 2024, then advanced by 17.63% to $225.2 million in 2025, then declined by 27.4% to $163.5 million in 2026.
  • Per Business Quant data, the three most recent Revenue figures were $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 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 18.05 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 2.65 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 751.05 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 1.52 Bn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 1.24 Bn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 511.00 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 1.20 Bn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 296.62 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 987.94 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn 163.51 Mn

Historic Data

Download Data
DateValue
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