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% on a QoQ basis from $225.2 million in Q4 2025.
Plug Power (PLUG) has 17 years of Revenue data on file, last reported at $163.5 million in Q1 2026.
- Quarterly Revenue rose 22.32% year-over-year to $163.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $739.8 million (up 15.19% YoY) and the FY2025 annual result came in at $709.9 million, up 12.9% from the prior year.
- Revenue retreated 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.
- The 5-year median for Revenue is $177.1 million (2025), against an average of $182.1 million.
- The widest annual swing landed in 2022, when Revenue jumped 95.68%; it then plunged 44.9% in 2024.
- Tracing PLUG's Revenue over 5 years: stood at $220.7 million in 2022, then increased by 0.64% to $222.2 million in 2023, then retreated by 13.81% to $191.5 million in 2024, then climbed by 17.63% to $225.2 million in 2025, then fell by 27.4% to $163.5 million in 2026.
- Per Business Quant, the three latest PLUG Revenue figures stand at $163.5 million (Q1 2026), $225.2 million (Q4 2025), and $177.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 2.65 Bn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 751.05 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 1.24 Bn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 1.52 Bn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 511.00 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 296.62 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 1.06 Bn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 987.94 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 163.51 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 255.22 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 |
| Mar 31, 2021 | 71.96 Mn |
| Dec 31, 2020 | 309.10 Mn |
| Sep 30, 2020 | 107.05 Mn |
| Jun 30, 2020 | 68.00 Mn |
| Mar 31, 2020 | 40.82 Mn |
| Dec 31, 2019 | 91.61 Mn |
| Sep 30, 2019 | 59.39 Mn |
| Jun 30, 2019 | 57.47 Mn |
| Mar 31, 2019 | 21.51 Mn |
| Dec 31, 2018 | 59.82 Mn |
| Sep 30, 2018 | 53.17 Mn |
| Jun 30, 2018 | 35.23 Mn |
| Mar 31, 2018 | 26.42 Mn |
| Dec 31, 2017 | 31.10 Mn |
| Sep 30, 2017 | 34.59 Mn |
| Jun 30, 2017 | 20.01 Mn |
| Mar 31, 2017 | 14.46 Mn |
| Dec 31, 2016 | 19.99 Mn |
| Sep 30, 2016 | 17.56 Mn |
| Jun 30, 2016 | 20.46 Mn |
| Mar 31, 2016 | 5.22 Mn |
| Dec 31, 2015 | 29.47 Mn |
| Sep 30, 2015 | 1.55 Mn |
| Jun 30, 2015 | 1.08 Mn |
| Mar 31, 2015 | 977,000.00 |
| Dec 31, 2014 | 902,000.00 |
| Sep 30, 2014 | 639,000.00 |
| Jun 30, 2014 | 13.60 Mn |
| Mar 31, 2014 | 3.16 Mn |
| Dec 31, 2013 | 267,000.00 |
| Sep 30, 2013 | 462,000.00 |
| Jun 30, 2013 | 368,000.00 |
| Mar 31, 2013 | 4.67 Mn |
| Dec 31, 2012 | 226.00 |
| Sep 30, 2012 | 502,269.00 |
| Jun 30, 2012 | 7.20 Mn |
| Mar 31, 2012 | 7.75 Mn |
| Dec 31, 2011 | 11,296.00 |
| Sep 30, 2011 | 994.00 |
| Jun 30, 2011 | 1,563.00 |
| Mar 31, 2011 | 785.00 |
| Dec 31, 2010 | 654,609.00 |
| Sep 30, 2010 | 5.75 Mn |
| Jun 30, 2010 | 778,017.00 |