Saturday 17 October 2026 Export PLUG’s income statement to Excel — free account

Plug Power, Inc.

PLUG Industrials Electrical Equipment & Parts

Plug Power, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $709.9 million, up 12.9% from fiscal 2024. In the quarter to June 2026, revenue grew 2.49%, EPS grew 30.0%, free cash flow grew 56.9% and total debt rose 52.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

1.38 0.11 −7.38%

Follow PLUG

Alert me

Market cap: $2.1B
P/E: 0.0×
Fwd P/E: −9.0×
Dividend yield: —
F-score: 4/9
Altman Z: −4.81
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
Piotroski F-Score Full definition →	4	2	2	2	—	—	4	5	3	3
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P/S ratio Full definition →	3.18	2.66	3.07	10.07	31.37	0.00	3.26	1.56	5.23	2.64
Altman Z-Score Full definition →	(4.81)	(3.44)	(1.00)	2.06	7.12	7.83	(1.58)	(4.27)	(5.39)	(5.42)
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	(11.45)	(7.35)	(2.21)	2.98	6.23	1.42	(5.11)	(11.68)	(16.23)	(13.89)
P/Operating CF Full definition →	(15.20)	(12.74)	(11.26)	(23.03)	(1,628.68)	11,680.51	(492.06)	(16.24)	24.80	6,622.73
Beneish M-Score Full definition →	—	—	—	—	—	—	(5.04)	—	—	(5.24)
P/B ratio Full definition →	2.25	0.93	0.94	1.74	3.42	8.20	5.77	100.04	7.11	2.57
Price to Tangible BV Full definition →	2.32	0.97	1.01	1.96	3.73	8.88	6.49	0.00	8.67	3.00
EV/Sales Full definition →	3.41	3.12	3.35	7.58	24.62	(119.07)	4.02	2.80	5.88	2.77
EV/EBITDA Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	(4.52)	(2.69)	(2.70)	(6.41)	(34.53)	(71.40)	(17.32)	(8.36)	(9.78)	(7.75)
EV/FCF Full definition →	(3.75)	(1.93)	(1.68)	(4.19)	(23.20)	(61.50)	(15.03)	(7.57)	(9.16)	(7.09)
Quick Ratio Full definition →	1.13	0.75	0.62	3.85	9.70	6.38	1.64	0.64	0.54	1.04
Current Ratio Full definition →	2.31	1.97	1.85	5.20	10.58	7.21	2.34	1.06	1.03	1.67
Net Debt/EBITDA Full definition →	(0.11)	(0.15)	(0.20)	2.80	8.44	1.68	(6.71)	(3.76)	(0.71)	(0.25)
Debt/Assets Full definition →	27.69%	19.27%	12.31%	9.89%	10.07%	19.86%	55.90%	69.82%	38.30%	28.38%
Debt/Equity Full definition →	0.72	0.38	0.21	0.14	0.13	0.30	2.84	100.45	1.41	0.80
Asset Turnover Full definition →	0.23	0.15	0.17	0.12	0.12	(0.06)	0.44	0.53	0.39	0.37
Operating CF/Net income Full definition →	0.33	0.35	0.81	1.14	0.78	0.26	0.62	0.68	0.46	0.51
Capex/Depreciation Full definition →	(2.43)	(3.51)	(9.96)	(7.90)	(4.86)	(0.75)	(0.37)	(0.32)	(0.39)	(0.39)
Interest Coverage Full definition →	(22.53)	(43.32)	(29.72)	(17.41)	(10.12)	(9.65)	(1.29)	(3.36)	(10.08)	(4.81)
ROE Full definition →	(116.08%)	(89.45%)	(39.34%)	(16.71%)	(15.15%)	(74.67%)	(129.03%)	(224.36%)	(164.02%)	(54.89%)
ROA Full definition →	(52.65%)	(49.49%)	(25.66%)	(12.36%)	(11.22%)	(40.96%)	(16.30%)	(25.91%)	(50.89%)	(25.58%)
ROIC Full definition →	(78.62%)	(60.17%)	(26.66%)	(18.36%)	(22.47%)	(67.92%)	(9.78%)	(21.79%)	(45.89%)	(33.47%)
Return on Tangible Assets Full definition →	(150.98%)	(131.93%)	(60.61%)	(21.36%)	(10.74%)	(40.96%)	(43.95%)	(387.36%)	(910.34%)	(109.29%)
Average Days of Receivables Full definition →	69.28	91.27	99.84	67.36	67.34	(168.49)	40.90	78.25	88.12	52.55
Research and Development Expense of Revenue Full definition →	8.16%	12.28%	12.76%	14.20%	12.89%	(29.87%)	6.55%	7.32%	28.65%	25.57%
Selling, General and Administrative Expense of Revenue Full definition →	53.47%	59.81%	47.40%	51.88%	35.80%	(85.10%)	18.79%	21.63%	44.94%	41.40%
Intangible Assets out of Total Assets Full definition →	0.01	0.02	0.04	0.08	0.06	0.05	0.02	0.03	0.05	0.05
Share Based Compensation of Revenue Full definition →	7.12%	13.07%	18.28%	25.61%	15.22%	(18.38%)	4.74%	5.03%	9.19%	11.22%
Graham Net Nets Full definition →	(0.08)	(0.19)	(0.08)	0.23	0.20	0.07	(0.29)	(0.85)	(0.15)	(0.20)
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	(68.53%)	(127.70%)	(49.89%)	(10.26%)	(2.90%)	(4.26%)	(12.34%)	(31.60%)	(24.38%)	(26.45%)
Free Cash Flow Yield Full definition →	(28.61%)	(60.71%)	(64.83%)	(17.96%)	(3.38%)	(1.50%)	(8.20%)	(23.74%)	(12.28%)	(14.82%)
Revenue per Share Full definition →	0.62	0.80	1.50	1.21	0.90	(0.26)	0.97	0.80	0.46	0.46
Operating CF per Share Full definition →	(0.47)	(0.93)	(1.86)	(1.43)	(0.64)	(0.44)	(0.22)	(0.27)	(0.28)	(0.16)
Capex per Share Full definition →	(0.10)	(0.37)	(1.12)	(0.75)	(0.31)	(0.07)	(0.03)	(0.03)	(0.02)	(0.02)
Free Cash Flow per Share Full definition →	(0.56)	(1.29)	(2.97)	(2.18)	(0.95)	(0.51)	(0.26)	(0.29)	(0.30)	(0.18)
Cash per Share Full definition →	0.48	0.51	0.59	4.00	7.14	3.88	0.82	0.26	0.18	0.32
Shareholders Equity per Share Full definition →	0.88	2.30	4.87	7.00	8.25	4.13	0.55	0.01	0.34	0.47
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.88	2.30	4.87	7.00	8.25	4.13	0.55	0.01	0.34	0.47
Free Cash Flow Full definition →	(647.00)	(1,015.24)	(1,770.67)	(1,265.23)	(531.27)	(179.96)	(61.41)	(64.42)	(64.27)	(32.38)
Working Capital Full definition →	799.68	729.00	822.17	2,670.02	4,027.97	1,380.83	179.70	9.25	3.89	44.45
Capital Expenditures Full definition →	(111.16)	(286.60)	(664.10)	(436.61)	(173.09)	(24.48)	(8.09)	(6.07)	(4.09)	(2.74)
Net Current Asset Value Full definition →	(180.99)	(317.61)	(217.65)	1,601.24	3,104.15	818.83	(215.95)	(232.00)	(77.56)	(44.81)
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.16	0.46	0.75	0.62	0.34	(0.26)	0.04	0.03	0.04	0.03
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.16	0.09	0.05	0.08	0.14	0.44	1.45	1.47	1.01	0.85
Cash ROIC Full definition →	(28.41%)	(34.94%)	(45.95%)	(18.21%)	(5.78%)	(5.47%)	(8.86%)	(19.45%)	(29.74%)	(15.37%)
Accounts Receivable Turnover Full definition →	4.86	3.14	4.78	6.32	7.40	(2.71)	7.29	5.66	5.55	4.79
Accounts Payable Turnover Full definition →	5.44	5.71	6.22	6.30	9.45	8.31	5.83	5.19	3.44	3.00
Inventory Turnover Full definition →	1.58	1.53	1.74	1.96	3.30	3.55	3.65	4.14	3.26	2.52
Average Days of Payables Full definition →	64.70	52.69	67.26	78.19	50.01	48.71	67.19	63.48	120.57	148.60
Days of Inventory on Hand Full definition →	199.75	198.74	250.77	263.07	145.84	135.24	120.47	87.34	138.83	138.55
Average Receivables Full definition →	146.00	200.53	186.63	111.06	67.86	34.40	31.56	30.76	18.05	17.29
Average Payables Full definition →	174.86	219.40	224.86	142.10	71.25	45.29	37.60	38.59	37.24	26.28
Average Inventory Full definition →	601.81	821.95	803.44	457.40	204.27	105.89	60.15	48.34	39.36	31.35
Average Assets Full definition →	3,098.71	4,252.79	5,333.51	5,857.18	4,100.68	1,455.40	524.92	330.57	255.82	225.14
Average Common Equity Full definition →	1,405.54	2,352.94	3,479.17	4,332.96	3,036.31	798.41	66.31	38.18	79.37	104.91

Fold the line items

Columns are period end dates

Stockrow Weekly