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Plug Power (PLUG) Revenue (2016 - 2025)

Plug Power (PLUG) has disclosed Revenue for 16 consecutive years, with $225.2 million as the latest value for Q4 2025.

  • On a quarterly basis, Revenue rose 17.63% to $225.2 million in Q4 2025 year-over-year; TTM through Dec 2025 was $709.9 million, a 12.9% increase, with the full-year FY2025 number at $709.9 million, up 12.9% from a year prior.
  • Revenue was $225.2 million for Q4 2025 at Plug Power, up from $177.1 million in the prior quarter.
  • In the past five years, Revenue ranged from a high of $260.2 million in Q2 2023 to a low of $72.0 million in Q1 2021.
  • A 5-year average of $171.7 million and a median of $173.8 million in 2024 define the central range for Revenue.
  • Peak YoY movement for Revenue: surged 232.03% in 2021, then tumbled 44.9% in 2024.
  • Plug Power's Revenue stood at $161.9 million in 2021, then surged by 36.34% to $220.7 million in 2022, then increased 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.
  • Per Business Quant, the three most recent readings for PLUG's Revenue are $225.2 million (Q4 2025), $177.1 million (Q3 2025), and $174.0 million (Q2 2025).