PLUGPlug Power Inc.
$1.69-22% 1Y
$1.69
$1.6952 weeks$4.14
Latest close: a new 52-week lowOct 9, 2026what changed →
The financials
Plug Power Inc. by the numbers
Plug Power Inc. (PLUG) reported revenue of $178M in Q2 2026 (quarter ended Jun 30, 2026), up 2.5% from the same quarter a year earlier. That came with a gross margin of −0.9% and net loss of $188M. For the full year FY2025, revenue was $710M (+13% year on year) and net income −$1.63B. Its largest product in Q2 2026 was Fuel Delivered To Customers And Related Equipment at $39M, 22% of the disclosed total, just ahead of Sales Of Fuel Cell Systems at 18%. The next results filing is expected around Nov 9, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $178M | $174M | +2.5% |
| Gross profit | −$1.7M | −$53M | n/a |
| Operating income | −$64M | −$177M | n/a |
| Net income | −$188M | −$227M | n/a |
| Diluted EPS | −$0.14 | −$0.20 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Fuel Delivered To Customers And Related Equipment | $39M | 22% |
| Sales Of Fuel Cell Systems | $32M | 18% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $30M | 17% |
| Power Purchase Agreements | $27M | 15% |
| Sale Of Cryogenic Equipment | $27M | 15% |
| Sale Of Electrolyzers | $13M | 7.4% |
| Sale Of Hydrogen Infrastructure | $8.2M | 4.6% |
| Sale Of Engineered Equipment | $1.8M | 1.0% |
| Other Product And Services | $153K | 0.1% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $178.3M (+9.0%)
Sale Of Engineered Equipment grew +510% year on yearSale Of Electrolyzers -71% year on year
Segment Latestquarter on quarteryear on year
- Fuel Delivered To Customers And Related Equipment$39.5M$39.5Mquarter on quarter +10%year on year +15%+10%+15%
- Sales Of Fuel Cell Systems$31.9M$31.9Mquarter on quarter +171%year on year +105%+171%+105%
- Services Performed On Fuel Cell Systems And Related Infrastructure$29.8M$29.8Mquarter on quarter +36%year on year +82%+36%+82%
- Power Purchase Agreements$26.9M$26.9Mquarter on quarter +2.4%year on year +14%+2.4%+14%
- Sale Of Cryogenic Equipment$26.7M$26.7Mquarter on quarter +113%year on year -0.55%+113%-0.55%
- Sale Of Electrolyzers$13.2M$13.2Mquarter on quarter -68%year on year -71%-68%-71%
- Sale Of Hydrogen Infrastructure$8.2M$8.2Mquarter on quarter -35%year on year -29%-35%-29%
- Sale Of Engineered Equipment$1.8M$1.8Mquarter on quarter +51%year on year +510%+51%+510%
- Other Product And Services$153.0K$153.0Kquarter on quarter -65%year on year -62%-65%-62%
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