PLUG Revenue Flow Filed revenue amounts for 2026-04-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.
2026-06-30: Revenue $178.30M ; Revenue including tax (m) ; Cost of revenue $179.97M ; Research and development $13.42M . 2026-03-31: Revenue $163.51M ; Revenue including tax (m) ; Cost of revenue $185.12M ; Research and development $12.11M . 2025-12-31: Revenue $225.22M* ; Revenue including tax (m) ; Cost of revenue $219.77M* ; Research and development $12.29M* . 2025-09-30: Revenue $177.06M ; Revenue including tax (m) ; Cost of revenue $297.22M ; Research and development $16.12M . Product or service Separate filed amounts; connecting flows are not established. Components and totals may overlap.
PLUG revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Fuel Delivered To Customers And Related Equipment $39.47M Other Product And Services $153.00K Power Purchase Agreements $26.93M Sale Of Cryogenic Equipment $26.70M Sale Of Electrolyzers $13.22M Sale Of Engineered Equipment $1.84M Sale Of Hydrogen Infrastructure $8.22M Sales Of Equipment And Related Infrastructure $81.90M Sales Of Fuel Cell Systems $31.93M Services Performed On Fuel Cell Systems And Related Infrastructure $29.84M Revenue $178.30M Cost of revenue $179.97M Gross profit -$1.68M Operating expenses $62.43M Operating income -$64.11M Other income, net -$7.20M Research & development $13.42M Selling, general & administrative $29.27M Pre-tax income -$189.90M Income tax $207.00K Net income -$188.21M
Segment Separate filed amounts; connecting flows are not established. Components and totals may overlap.
PLUG revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Single Reportable Segment $178.30M Revenue $178.30M Cost of revenue $179.97M Gross profit -$1.68M Operating expenses $62.43M Operating income -$64.11M Other income, net -$7.20M Research & development $13.42M Selling, general & administrative $29.27M Pre-tax income -$189.90M Income tax $207.00K Net income -$188.21M
Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.
Historical revenue and expense breakdown Revenue and expense 3 month Period end Revenue Revenue including tax Cost of revenue Research and development Selling, general and administrative Operating expenses Income tax Net income 2026-06-30 $178.30M (m) $179.97M $13.42M $29.27M $62.43M $207.00K -$188.21M 2026-03-31 $163.51M (m) $185.12M $12.11M $70.21M $87.88M $41.00K -$245.30M 2025-12-31 $225.22M* (m) $219.77M* $12.29M* $100.25M* $768.64M* $252.00K* -$846.38M* 2025-09-30 $177.06M (m) $297.22M $16.12M $110.59M $228.62M $92.00K -$361.87M 2025-06-30 $173.97M (m) $227.44M $12.19M $87.89M $123.48M $12.00K -$227.10M 2025-03-31 $133.67M (m) $207.53M $17.36M $80.84M $104.59M $0.00 -$196.66M 2024-09-30 $173.73M (m) $273.75M $19.71M $91.59M $116.14M $95.00K -$211.17M 2024-06-30 $143.35M (m) $274.61M $18.94M $85.14M $113.42M -$376.00K -$262.33M 2024-03-31 $120.26M (m) $279.34M $25.28M $77.96M $100.33M $163.00K -$295.78M 2023-09-30 $198.71M (m) $336.68M $27.65M $105.45M $136.01M -$4.73M -$283.48M 2023-06-30 $260.18M (m) $338.32M $29.25M $101.15M $155.70M -$917.00K -$236.40M 2023-03-31 $210.29M (m) $279.68M $26.54M $104.02M $140.40M -$1.27M -$206.56M 2022-09-30 $188.63M (m) $234.69M $28.11M $85.58M $113.68M $1.52M -$170.76M 2022-06-30 $151.27M (m) $183.73M $23.56M $95.95M $114.44M $423.00K -$173.30M 2022-03-31 $140.80M (m) $176.15M $20.46M $80.89M $103.81M -$414.00K -$156.49M 2021-09-30 $143.92M (m) $175.00M $16.63M $42.42M $67.58M $0.00 -$106.67M 2021-06-30 $124.56M (m) $164.85M $11.25M $38.65M $49.34M $0.00 -$99.63M 2021-03-31 $71.96M (m) $84.13M $9.74M $25.58M $36.11M $0.00 -$60.75M 2020-12-31 -$309.10M $309.10M (m) (m) (m) $46.66M (m) (m) 2020-09-30 $107.05M $107.05M $135.63M $7.39M $17.21M $25.73M -$6.64M -$65.22M 2020-06-30 $68.00M $68.00M $68.01M $4.87M $21.64M $26.52M -$17.37M -$9.40M 2020-03-31 $40.82M $40.82M $50.52M $4.77M $11.11M $15.88M $0.00 -$37.43M 2019-12-31 $91.61M $91.61M $83.86M $4.88M $9.97M $14.86M (m) -$18.04M 2019-09-30 $59.39M $59.39M $54.89M $3.56M $10.39M $13.96M (m) -$17.82M 2019-06-30 $57.47M $57.47M $51.32M $3.61M $13.61M $17.22M (m) -$17.34M 2019-03-31 $21.51M $21.51M $29.25M $3.01M $9.22M $12.23M (m) -$30.55M 2018-12-31 (m) $59.82M (m) (m) (m) $17.43M (m) (m) 2018-09-30 $53.16M $53.16M $48.76M $8.40M $8.65M $17.05M -$1.72M -$15.56M 2018-06-30 $35.23M $35.23M $37.54M $8.43M $12.24M $20.67M -$2.91M -$25.87M 2018-03-31 $26.42M $26.42M $30.40M $8.65M $8.31M $16.96M -$2.95M -$19.84M 2017-12-31 (m) $31.09M (m) (m) (m) $17.06M (m) (m) 2017-09-30 $34.59M $34.59M $54.00M $7.44M $9.54M $16.97M (m) -$40.98M 2017-06-30 $20.78M $20.01M $24.33M $6.63M $17.90M $24.53M (m) -$42.62M 2017-03-31 $15.23M $14.46M $19.71M $6.00M $9.14M $15.14M (m) -$24.04M 2016-12-31 $32.58M (m) (m) (m) (m) $14.95M (m) (m) 2016-09-30 $17.56M (m) $17.18M $5.00M $8.64M $13.64M (m) -$13.39M 2016-06-30 $20.46M (m) $20.07M $5.20M $8.56M $13.76M (m) -$13.13M 2016-03-31 $15.33M (m) $15.16M $4.83M $8.29M $13.12M -$392.00K -$11.75M 2015-12-31 (m) (m) (m) (m) (m) $14.70M (m) (m) 2015-09-30 $31.43M (m) $31.36M $4.13M $8.20M $12.33M (m) -$10.21M 2015-06-30 $24.01M (m) $22.45M $3.42M $8.00M $11.43M (m) -$9.23M 2015-03-31 $9.42M (m) $11.53M $2.90M $7.75M $10.65M (m) -$11.05M 2014-12-31 (m) (m) (m) (m) (m) $11.56M (m) (m) 2014-09-30 $19.88M (m) (m) $1.64M $5.56M $9.60M -$325.00K -$9.35M 2014-06-30 $17.32M (m) (m) $1.40M $5.44M $6.84M (m) $3.88M 2014-03-31 $5.57M (m) (m) $1.25M $3.25M $5.07M (m) -$75.86M 2013-09-30 $4.63M (m) $7.81M $768.97K $2.75M (m) -$410.26K -$15.90M 2013-06-30 $7.50M (m) $8.97M $823.58K $3.22M (m) (m) -$9.32M 2013-03-31 $6.45M (m) $8.00M $750.48K $2.88M (m) (m) -$8.58M 2012-12-31 $5.70K (m) (m) (m) (m) (m) (m) -$8.47K 2012-09-30 (m) (m) $10.85M $1.28M $3.05M (m) (m) -$10.33M 2012-06-30 (m) (m) $8.64M $1.58M $3.57M (m) (m) -$6.48M 2012-03-31 (m) (m) $9.06M $1.23M $3.94M (m) (m) -$6.58M 2011-12-31 $11.30K (m) (m) (m) (m) (m) (m) -$7.17K 2011-09-30 $4.31K (m) $7.57M $1.48M $3.61M (m) (m) -$6.29K 2011-06-30 $2.62K (m) $4.93M $1.11M $3.88M (m) (m) -$6.75K 2011-03-31 $4.99K (m) $6.69M $1.06M $3.56M (m) (m) -$7.24K 2010-09-30 (m) (m) $7.34M $2.09M $3.43M (m) (m) -$9.29M 2010-06-30 (m) (m) $4.54M $4.38M $10.54M (m) (m) (m)
Revenue and expense 6 month Period end Revenue Revenue including tax Cost of revenue Research and development Selling, general and administrative Operating expenses Income tax Net income 2026-06-30 $341.81M (m) $365.09M $25.53M $99.47M $150.31M $248.00K -$433.51M 2025-06-30 $307.64M $307.64M $434.97M $29.55M $168.73M $228.08M $12.00K -$423.75M 2024-06-30 $263.61M $263.61M $553.94M $44.22M $163.10M $213.75M -$213.00K -$558.11M 2023-06-30 $470.47M (m) $618.01M $55.79M $205.17M $296.10M -$2.19M -$442.96M 2022-06-30 $292.07M (m) $359.88M $44.02M $176.84M $218.25M $9.00K -$329.79M 2021-06-30 $196.51M (m) $248.98M $20.99M $64.23M $85.45M $0.00 -$160.38M 2020-06-30 $108.81M (m) $118.53M $9.65M $32.75M $42.40M -$17.37M -$46.83M 2019-06-30 $78.98M $78.98M $80.57M $6.61M $22.83M $29.45M (m) -$47.88M 2018-06-30 $61.65M $69.01M $67.94M $17.07M $20.55M $37.63M -$5.87M -$45.70M 2017-06-30 $36.02M (m) $44.04M $12.62M $27.05M $39.67M (m) -$66.66M 2016-06-30 $35.79M (m) $35.24M $10.03M $16.85M $26.88M -$392.00K -$24.88M 2015-06-30 $33.42M (m) $33.97M $6.33M $15.75M $22.08M (m) -$20.28M 2014-06-30 $22.90M (m) (m) $2.65M $9.26M (m) (m) -$71.98M 2013-06-30 $13.94M (m) $16.97M $1.57M $6.10M (m) (m) -$17.90M 2012-06-30 (m) (m) $17.70M $2.80M $7.50M (m) (m) -$13.06M 2011-06-30 (m) (m) $11.62M $2.17M $7.44M (m) (m) -$14.00M 2010-06-30 (m) (m) $7.83M $9.87M $14.40M (m) (m) (m)
Revenue and expense 9 month Period end Revenue Revenue including tax Cost of revenue Research and development Selling, general and administrative Operating expenses Income tax Net income 2025-09-30 $484.70M (m) $732.19M $45.67M $279.32M $456.70M $104.00K -$785.62M 2024-09-30 $437.34M (m) $827.70M $63.93M $254.69M $329.89M -$118.00K -$769.28M 2023-09-30 $669.18M (m) $954.68M $83.44M $310.62M $432.11M -$6.92M -$726.44M 2022-09-30 $480.70M (m) $594.58M $72.12M $262.42M $331.94M $1.53M -$500.54M 2021-09-30 $340.44M (m) $423.98M $37.62M $106.65M $153.03M $0.00 -$267.05M 2020-09-30 $215.86M (m) $254.16M $17.03M $49.96M $68.13M -$24.02M -$112.05M 2019-09-30 $138.37M $138.37M $135.47M $10.18M $33.23M $43.41M (m) -$65.71M 2018-09-30 $114.81M (m) $116.70M $25.48M $29.20M $54.68M -$7.58M -$61.27M 2017-09-30 $69.06M (m) $96.49M $20.06M $36.58M $56.64M (m) -$107.64M 2016-09-30 $53.35M (m) $52.41M $15.03M $25.48M $40.52M -$392.00K -$38.28M 2015-09-30 $64.86M (m) $65.33M $10.46M $23.95M $34.41M (m) -$30.49M 2014-09-30 $42.78M (m) (m) $4.29M $14.82M (m) -$325.00K -$81.33M 2013-09-30 $18.57M (m) $24.78M $2.34M $8.85M (m) -$410.26K -$33.79M 2012-09-30 (m) (m) $28.55M $4.09M $10.56M (m) (m) -$23.39M 2011-09-30 (m) (m) $19.19M $3.65M $11.05M (m) (m) -$20.29M 2010-09-30 (m) (m) $15.17M $11.95M $17.83M (m) (m) -$38.37M
Revenue and expense 12 month Period end Revenue Cost of revenue Research and development Selling, general and administrative Operating expenses Income tax Net income 2025-12-31 $709.92M $951.96M $57.96M $379.57M $1.23B $356.00K -$1.63B 2024-12-31 $628.81M $1.25B $77.23M $376.11M $1.39B -$2.69M -$2.10B 2023-12-31 $891.34M $1.40B $113.75M $422.47M $835.73M -$7.36M -$1.37B 2022-12-31 $701.44M $895.80M $99.58M $363.93M $485.19M $839.00K -$724.00M 2021-12-31 $502.34M $673.65M $64.76M $179.85M $266.01M -$16.20M -$460.00M 2020-12-31 -$93.24M $376.18M $27.85M $79.35M $114.79M -$30.84M -$596.15M 2019-12-31 $229.97M $219.33M $15.06M $43.20M $58.26M (m) -$83.74M 2018-12-31 $174.22M $200.22M $12.75M $37.69M $50.44M -$9.29M -$85.61M 2017-12-31 $100.15M $128.24M $28.69M $45.01M $73.70M (m) -$127.08M 2016-12-31 $82.82M $78.87M $21.18M $34.29M $55.47M -$392.00K -$57.49M 2015-12-31 $103.29M $113.18M $14.95M $34.16M $49.11M (m) -$55.69M 2014-12-31 $64.23M $69.09M $6.47M $26.60M $33.07M -$325.00K -$88.49M 2013-12-31 $26.60M $37.85M $3.12M $14.60M $17.72M -$410.00K -$62.67M 2012-12-31 $26.11M $37.66M $5.43M $14.58M (m) $0.00 -$31.86M 2011-12-31 $27.63M $30.67M $5.66M $14.55M (m) $0.00 -$27.50M 2010-12-31 (m) $23.11M $12.90M $25.57M (m) (m) -$47.00M 2009-12-31 (m) $7.25M $16.32M $15.43M (m) (m) -$40.71M