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 | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales of equipment, related infrastructure and other | $81.90M | $79.02M | $111.63M | $96.77M | $99.17M | $63.51M | $138.11M | $107.14M | $76.79M | $68.30M | $167.92M | $145.13M | 45.9% | -17.4% |
| Fuel delivered to customers and related equipment | $39.47M | $35.80M | $33.64M | $35.91M | $34.40M | $29.46M | $19.92M | $29.79M | $29.89M | $18.29M | $18.86M | $19.37M | 22.1% | +14.7% |
| Sales of fuel cell systems | $31.93M | $11.79M | $11.17M | $10.62M | $15.56M | $16.66M | $11.83M | $8.13M | $13.15M | $19.00M | $42.49M | $37.65M | 17.9% | +105.2% |
| Services performed on fuel cell systems and related infrastructure | $29.84M | $21.97M | $41.48M | $19.74M | $16.37M | $16.87M | $11.96M | $14.15M | $13.03M | $13.02M | $12.01M | $9.29M | 16.7% | +82.3% |
| Power purchase agreements | $26.93M | $26.29M | $36.13M | $24.60M | $23.63M | $23.21M | $19.41M | $20.46M | $19.67M | $18.30M | $19.60M | $20.07M | 15.1% | +14.0% |
| Sales of cryogenic equipment and other | $26.70M | $12.52M | $19.98M | $18.40M | $26.84M | $30.46M | $27.06M | $22.05M | $30.97M | $31.43M | $70.01M | $35.42M | 15.0% | -0.5% |
| Sales of electrolyzers | $13.22M | $40.88M | $68.29M | $65.41M | $44.87M | $9.21M | $61.34M | $57.79M | $15.03M | $1.35M | $8.98M | $26.63M | 7.4% | -70.5% |
| Sales of hydrogen infrastructure | $8.22M | $12.61M | $8.75M | $753.00K | $11.60M | $5.65M | $31.72M | $11.87M | $13.24M | $12.30M | $37.87M | $38.23M | 4.6% | -29.1% |
| Sales of engineered equipment | $1.84M | $1.22M | $3.43M | $1.59M | $301.00K | $1.53M | $6.17M | $7.30M | $4.41M | $4.22M | $8.58M | $7.21M | 1.0% | +510.0% |
| Other costs of revenue | $153.00K | $436.00K | $2.34M | $24.00K | $398.00K | $627.00K | $2.07M | $2.19M | $3.97M | $2.36M | $3.78M | $4.85M | 0.1% | -61.6% |
By region
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | – | – | – | – | – | – | – | $107.80M | $113.11M | $105.91M | $193.78M | $156.65M | – | – |
| Other | – | – | – | – | – | – | – | $3.82M | $4.94M | $705.00K | $668.00K | $4.84M | – | – |
| Europe | – | – | – | – | – | – | – | $50.96M | $21.18M | $8.57M | $26.53M | $34.10M | – | – |
| Asia | – | – | – | – | – | – | – | $11.16M | $4.11M | $5.07M | $1.19M | $3.13M | – | – |
| U.S. | – | – | – | – | – | $121.36M | – | – | – | $105.91M | – | – | – | – |
| Other foreign countries | – | – | – | – | – | $12.31M | – | – | – | $14.35M | – | – | – | – |
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.