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
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