Plug Power Inc (PLUG) stock
PLUGNasdaqElectrical Industrial ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 6/3030% below fair value
$1.24−0.12 (-8.86%)
Close on Nov 12, 2026Market cap $1.73BP/E –Yield –
Plug Power revenue
Revenue is the money a company takes in from selling its products and services, before any costs are deducted.
Plug Power's revenue for the twelve months ending Sep 30, 2026 was $767.63M, up 13.5% year over year. For fiscal 2025 it was $709.92M, up 12.9% from the year before. Over ten years it grew 21.3% a year on average. The highest annual figure on record is $891.34M in fiscal 2023.
Annual revenue
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $709.92M | +12.9% |
| FY2024 | Dec 31, 2024 | $628.81M | -29.5% |
| FY2023 | Dec 31, 2023 | $891.34M | +27.1% |
| FY2022 | Dec 31, 2022 | $701.44M | +39.6% |
| FY2021 | Dec 31, 2021 | $502.34M | – |
| FY2020 | Dec 31, 2020 | -$93.24M | -140.5% |
| FY2019 | Dec 31, 2019 | $229.98M | +32.0% |
| FY2018 | Dec 31, 2018 | $174.22M | +73.9% |
| FY2017 | Dec 31, 2017 | $100.15M | +20.9% |
| FY2016 | Dec 31, 2016 | $82.82M | -19.8% |
| FY2015 | Dec 31, 2015 | $103.29M | +60.8% |
| FY2014 | Dec 31, 2014 | $64.23M | +141.5% |
| FY2013 | Dec 31, 2013 | $26.60M | +1.9% |
| FY2012 | Dec 31, 2012 | $26.11M | -5.5% |
| FY2011 | Dec 31, 2011 | $27.63M | +41.9% |
| FY2010 | Dec 31, 2010 | $19.47M | +58.4% |
| FY2009 | Dec 31, 2009 | $12.29M | – |
Quarterly revenue
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $200.60M | +13.3% |
| Q2 FY2026 | Jun 30, 2026 | $178.30M | +2.5% |
| Q1 FY2026 | Mar 31, 2026 | $163.51M | +22.3% |
| Q4 FY2025 | Dec 31, 2025 | $225.22M | +17.6% |
| Q3 FY2025 | Sep 30, 2025 | $177.06M | +1.9% |
| Q2 FY2025 | Jun 30, 2025 | $173.97M | +21.4% |
| Q1 FY2025 | Mar 31, 2025 | $133.67M | +11.2% |
| Q4 FY2024 | Dec 31, 2024 | $191.47M | -13.8% |
| Q3 FY2024 | Sep 30, 2024 | $173.73M | -12.6% |
| Q2 FY2024 | Jun 30, 2024 | $143.35M | -44.9% |
| Q1 FY2024 | Mar 31, 2024 | $120.26M | -42.8% |
| Q4 FY2023 | Dec 31, 2023 | $222.16M | +0.6% |
| Q3 FY2023 | Sep 30, 2023 | $198.71M | +5.3% |
| Q2 FY2023 | Jun 30, 2023 | $260.18M | +72.0% |
| Q1 FY2023 | Mar 31, 2023 | $210.29M | +49.3% |
| Q4 FY2022 | Dec 31, 2022 | $220.74M | +36.3% |
| Q3 FY2022 | Sep 30, 2022 | $188.63M | +31.1% |
| Q2 FY2022 | Jun 30, 2022 | $151.27M | +21.4% |
| Q1 FY2022 | Mar 31, 2022 | $140.80M | +95.7% |
| Q4 FY2021 | Dec 31, 2021 | $161.91M | +138.1% |
| Q3 FY2021 | Sep 30, 2021 | $143.92M | +252.6% |
| Q2 FY2021 | Jun 30, 2021 | $124.56M | +36.0% |
| Q1 FY2021 | Mar 31, 2021 | $71.96M | +21.2% |
| Q2 FY2020 | Jun 30, 2020 | $68.00M | +18.3% |
| Q1 FY2020 | Mar 31, 2020 | $40.82M | +89.8% |
| Q4 FY2019 | Dec 31, 2019 | $91.61M | +53.1% |
| Q3 FY2019 | Sep 30, 2019 | $59.39M | +11.7% |
| Q2 FY2019 | Jun 30, 2019 | $57.47M | +63.1% |
| Q1 FY2019 | Mar 31, 2019 | $21.51M | -18.6% |
| Q4 FY2018 | Dec 31, 2018 | $59.82M | +92.4% |
| Q3 FY2018 | Sep 30, 2018 | $53.17M | +53.7% |
| Q2 FY2018 | Jun 30, 2018 | $35.23M | +76.1% |
| Q1 FY2018 | Mar 31, 2018 | $26.42M | +82.7% |
| Q4 FY2017 | Dec 31, 2017 | $31.10M | -4.6% |
| Q3 FY2017 | Sep 30, 2017 | $34.59M | +97.0% |
| Q2 FY2017 | Jun 30, 2017 | $20.01M | – |
| Q1 FY2017 | Mar 31, 2017 | $14.46M | – |
| Q4 FY2016 | Dec 31, 2016 | $32.58M | – |
| Q3 FY2016 | Sep 30, 2016 | $17.56M | – |
See a number that looks wrong?