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| 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 |