Plug Power (PLUG) Revenue (2010 - 2026)
Plug Power (PLUG) recorded Revenue of $178.3 million in Q2 2026, up 2.5% from $173.97 million a year earlier and up 9.0% from the prior quarter.
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Analysis
Plug Power (PLUG) Revenue (2010 - 2026) Analysis & Trends
On a TTM basis, Plug Power's Revenue came in at $744.09 million as of Jun 30, 2026, up 10.6% year-over-year; for FY2025, it came in at $709.92 million, up 12.9% from FY2024.
- Annual Revenue has a five-year compound annual growth rate of 50.1% (FY2020 to FY2025).
- Across earlier years, Revenue came in at $628.81 million in FY2024 (-29.5%), $891.34 million in FY2023 (+27.1%), $701.44 million in FY2022 (+39.6%) and $502.34 million in FY2021 (+438.8%).
- Quarterly Revenue has ranged from $120.26 million in Q1 2024 to $260.18 million in Q2 2023 over the past five years.
- On a year-over-year basis, Revenue has increased for six consecutive quarters, with growth averaging 6.3% over the last eight quarters.
- Peak year-over-year performance for Revenue in the last five years was growth of 95.7% in Q1 2022, against a decline of 47.6% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $163.51 million (Q1 2026), $225.22 million (Q4 2025) and $177.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.71 Bn | 1.80 Bn | -1.68 Mn | 178.30 Mn |
| 2 | Rex American Resources | 1.44 Bn | 86.32 Mn | 53.30 Mn | 168.49 Mn |
| 3 | Green Plains | 1.06 Bn | 456.27 Mn | 113.03 Mn | 446.22 Mn |
| 4 | Montauk Renewables | 391.06 Mn | 318.84 Mn | - | 54.02 Mn |
| 5 | Clean Energy Fuels | 343.76 Mn | -312.04 Mn | 30.14 Mn | 106.36 Mn |
| 6 | Gevo | 326.35 Mn | 43.33 Mn | 19.80 Mn | 46.50 Mn |
| 7 | OPAL Fuels | 305.82 Mn | 38.43 Mn | 24.47 Mn | 83.40 Mn |
| 8 | Aemetis | 128.25 Mn | 112.00 Mn | 13.52 Mn | 62.70 Mn |
| 9 | Verde Clean Fuels | 47.67 Mn | -150.80 Mn | - | - |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 178.30 Mn |
| 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 |
API Access
Plug Power Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=revenue&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=revenue&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();