FY2025 · ended Dec 31, 2025 · Revenue $709.92M, +12.9% YoY · Filed Mar 2, 2026
Plug Power Inc (PLUG) files with the SEC under industry code 3620, Electrical Industrial Apparatus. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $709.9 million and a net loss of $1.6 billion. Free cash flow was -$647.0 million. As of Jun 30, 2026 it held $161.9 million in cash and investments and $243.6 million in total debt.
Revenue (TTM)
$744.09M
+10.6% vs year-ago TTM
Net income (TTM)
$-1.64B
+16.7% vs year-ago TTM
Operating cash flow (TTM)
$-482.56M
+20.0% vs year-ago TTM
Free cash flow (TTM)
$-523.37M
+32.5% vs year-ago TTM
EPS (TTM)
$-1.24
+39.7% vs year-ago TTM
Dividend per share
None
Shares outstanding
1.39B
+36.3% vs prior year
Net cash
$-81.68M
as of Jun 30, 2026
Operating margin
-172.8%
FY 2026
Company profile
- Industry
- Electrical Industrial Apparatus (SIC 3620)
- Listed as
- PLUG (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Slingerlands, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1093691
Other Electrical Industrial Apparatus companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $709.9M | $628.8M | $891.3M | $701.4M | $502.3M |
| Operating income | -$1.5B | -$2.0B | -$1.3B | -$679.5M | -$437.3M |
| Net income | -$1.6B | -$2.1B | -$1.4B | -$724.0M | -$460.0M |
| Diluted EPS | -$1.42 | -$2.68 | -$2.30 | -$1.25 | -$0.82 |
| Operating cash flow | -$535.8M | -$728.6M | -$1.1B | -$828.6M | -$358.2M |
| Free cash flow | -$647.0M | -$1.0B | -$1.8B | -$1.3B | -$530.3M |
| Total assets | $2.6B | $3.6B | $4.9B | $5.8B | $6.0B |
| Total liabilities | $1.6B | $1.8B | $2.0B | $1.7B | $1.3B |
| Stockholders' equity | $978.1M | $1.7B | $2.9B | $4.1B | $4.6B |
| Cash and investments | $368.5M | $205.7M | $135.0M | $2.0B | $3.7B |
| Total debt | $293.7M | $349.2M | $405.2M | $375.5M | $266.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Oct 15, 2026 | Oct 15, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 23, 2026 | Sep 17, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 10, 2026 | Aug 10, 2026 |
| 8-K |
Current report
Material agreement, Results of operations, Regulation FD disclosure
|
Jul 13, 2026 | Jul 9, 2026 |
| 8-K |
Current report
Shareholder vote results, Other events
|
Jun 15, 2026 | Jun 11, 2026 |
All 1000 Plug Power Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.