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 | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales of equipment, related infrastructure and other | $369.32M | $386.60M | $371.08M | $397.56M | $407.93M | $385.55M | $390.34M | $420.15M | $458.14M | $597.63M | $711.43M | $719.38M | 49.6% | -9.5% |
| Sales of electrolyzers | $187.80M | $219.45M | $187.78M | $180.83M | $173.20M | $143.36M | $135.50M | $83.15M | $51.99M | $43.93M | $82.61M | $87.51M | 25.2% | +8.4% |
| Fuel delivered to customers and related equipment | $144.82M | $139.75M | $133.41M | $119.69M | $113.57M | $109.05M | $97.88M | $96.82M | $86.40M | $74.39M | $66.25M | $64.30M | 19.5% | +27.5% |
| Power purchase agreements | $113.95M | $110.65M | $107.57M | $90.85M | $86.71M | $82.75M | $77.84M | $78.03M | $77.64M | $74.10M | $63.73M | $60.59M | 15.3% | +31.4% |
| Services performed on fuel cell systems and related infrastructure | $113.04M | $99.56M | $94.46M | $64.95M | $59.35M | $56.02M | $52.17M | $52.21M | $47.35M | $43.02M | $39.09M | $36.90M | 15.2% | +90.4% |
| Sales of cryogenic equipment and other | $77.60M | $77.74M | $95.69M | $102.76M | $106.41M | $110.54M | $111.51M | $154.46M | $167.83M | $206.53M | $231.69M | $200.53M | 10.4% | -27.1% |
| Sales of fuel cell systems | $65.51M | $49.15M | $54.01M | $54.67M | $52.18M | $49.76M | $52.11M | $82.77M | $112.29M | $171.32M | $181.17M | $199.52M | 8.8% | +25.6% |
| Sales of hydrogen infrastructure | $30.34M | $33.71M | $26.75M | $49.72M | $60.84M | $62.48M | $69.12M | $75.27M | $101.62M | $147.03M | $183.61M | $190.63M | 4.1% | -50.1% |
| Sales of engineered equipment | $8.08M | $6.54M | $6.85M | $9.59M | $15.30M | $19.41M | $22.09M | $24.50M | $24.41M | $28.82M | $32.36M | $41.19M | 1.1% | -47.2% |
| Other costs of revenue | $2.96M | $3.20M | $3.39M | $3.12M | $5.29M | $8.86M | $10.59M | $12.30M | $14.96M | $12.18M | $10.84M | $8.76M | 0.4% | -44.1% |
By region
| Revenue | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | – | – | – | – | – | – | – | $520.60M | $569.45M | $691.86M | $751.42M | $747.57M | – | – |
| Other | – | – | – | – | – | – | – | $10.14M | $11.16M | $12.73M | $13.09M | $34.65M | – | – |
| Asia | – | – | – | – | – | – | – | $21.53M | $13.51M | $15.39M | $13.94M | $26.66M | – | – |
| Europe | – | – | – | – | – | – | – | $107.24M | $90.38M | $81.34M | $112.89M | – | – | – |
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.