Symbols

PLUG

Plug Power·NASDAQ

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PLUG fundamentals

PLUG Q4 2025 Earnings

Plug Power (PLUG) released its earnings on Mar 2, 2026: revenue was 225.20M (YoY +17.60%), beat estimates; EPS was -0.63 (YoY +57.43%), missed estimates.

Revenue / YoY

225.20M

+17.60%

EPS / YoY

-0.63

+57.43%

Report date

Mar 2, 2026

PLUG Earnings Call Summary for Q4,2025

Revenue Momentum: 30% YoY growth in 2025, driven by material handling (Amazon, Walmart) and electrolyzer projects ($8B pipeline). Q4 2025 gross margin turned positive at 2.4%.
Financial Health: $368M cash on hand; $275M asset monetization expected in 2026. Target EBITDA breakeven in Q4 2026.
Strategic Wins: 350MW new electrolyzer agreements in Q4 2025. European mandates (RED III) accelerating refinery green hydrogen adoption.
Cost Discipline: 5% YoY OpEx decline; 2026 CapEx to remain low. Hydrogen plant efficiencies reducing fuel costs.

Earnings

EPS

Revenue

Revenue & Expenses

PLUG has released its 2025 Q4 earnings report, with revenue of 225.22M, reflecting a YoY change of 17.63%, and net profit of -904.58M, showing a YoY change of 32.27%. The Sankey diagram below clearly presents PLUG's revenue sources and cost distribution.

Key Indicators

Plug Power (PLUG) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Plug Power (PLUG)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Plug Power (PLUG)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Plug Power (PLUG)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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