PLUGNasdaqElectrical Industrial ApparatusFiscal year ends December 31
PLUG POWER INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$1.37−0.01 (-0.72%)
Close on Oct 19, 2026
- Market cap
- $1.91B
- P/E (TTM)
- –
- Dividend yield
- –
PLUG POWER INC revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales of equipment, related infrastructure and other | $371.08M | $390.34M | $711.43M | $558.93M | $392.78M | – | – | – | – | – | 52.3% | -4.9% |
| Sales of electrolyzers | $187.78M | $135.50M | $82.61M | $28.46M | $16.67M | $4.19M | – | – | – | – | 26.5% | +38.6% |
| Fuel delivered to customers and related equipment | $133.41M | $97.88M | $66.25M | $57.20M | $46.92M | -$16.07M | – | – | – | – | 18.8% | +36.3% |
| Power purchase agreements | $107.57M | $77.84M | $63.73M | $47.18M | $35.15M | $26.62M | $25.55M | $22.57M | $12.87M | $13.69M | 15.2% | +38.2% |
| Sales of cryogenic equipment and other | $95.69M | $111.51M | $231.69M | $87.76M | $8.26M | – | – | – | – | – | 13.5% | -14.2% |
| Services performed on fuel cell systems and related infrastructure | $94.46M | $52.17M | $39.09M | $35.28M | $26.71M | -$9.80M | $25.22M | $22.00M | $16.20M | $17.35M | 13.3% | +81.1% |
| Sales of fuel cell systems | $54.01M | $52.11M | $181.17M | $207.69M | $225.23M | -$55.09M | $130.76M | $75.03M | $49.21M | – | 7.6% | +3.6% |
| Sales of hydrogen infrastructure | $26.75M | $69.12M | $183.61M | $141.53M | $135.06M | -$43.39M | $19.16M | $32.15M | – | – | 3.8% | -61.3% |
| Sales of engineered equipment | $6.85M | $22.09M | $32.36M | $93.49M | $7.57M | – | – | – | – | – | 1.0% | -69.0% |
| Other costs of revenue | $3.39M | $10.59M | $10.84M | $2.85M | $789.00K | $311.00K | $186.00K | – | $284.00K | $884.00K | 0.5% | -67.9% |
| Fuel delivered to customers | – | – | – | – | $46.92M | -$16.07M | $29.10M | $22.47M | $8.17M | $10.92M | – | – |
| Sales of fuel cell systems, related infrastructure and equipment | – | – | – | $558.93M | $392.78M | -$94.30M | $149.92M | $107.18M | $62.63M | $39.99M | – | – |
| Sale of hydrogen installations and other infrastructure | – | – | – | – | – | -$39.20M | $19.16M | $32.15M | $13.43M | – | – | – |
| Sale of solutions | – | – | – | – | $7.57M | – | – | – | – | – | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. | $535.94M | $428.22M | $741.50M | $545.94M | – | – | – | – | – | – | 75.5% | +25.2% |
| Other foreign countries | $173.98M | $200.60M | $149.84M | $155.50M | – | – | – | – | – | – | 24.5% | -13.3% |
| North America | – | – | $751.42M | $579.22M | $476.25M | -$100.52M | $228.26M | – | – | – | – | – |
| Other | – | – | $13.09M | $25.69M | $4.56M | $3.21M | $1.72M | – | – | – | – | – |
| Europe | – | – | $112.89M | $46.03M | $20.81M | $3.93M | – | – | – | – | – | – |
| Asia | – | – | $13.94M | $50.50M | $718.00K | $147.00K | – | – | – | – | – | – |
From the segment and revenue-disaggregation notes of Plug Power's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.