For the year ending 2025-12-31, PLUG made $709,919K in revenue. -$1,631,594K in net income. Net profit margin of -229.83%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net revenue | 709,919 | 628,814 | 891,340 | 701,440 |
| Cost of revenue-Sale Of Fuel Cell Systems And Other Infrastructure | - | - | - | 468,057 |
| Cost of revenue-Sales Of Equipment And Related Infrastructure | 477,741 | 696,087 | 765,575 | - |
| Cost of revenue-Services Performed On Fuel Cell Systems And Related Infrastructure | 70,353 | 57,766 | 75,412 | 59,365 |
| Provision for loss contracts related to service | - | 48,539 | 86,346 | - |
| Cost of revenue-Provision For Loss Contracts Related To Service | -24,607 | - | - | 26,801 |
| Cost of revenue-Power Purchase Agreements | 178,733 | 216,947 | 218,936 | 144,696 |
| Cost of revenue-Fuel Delivered To Customers And Related Equipment | 248,061 | 228,827 | 246,318 | 194,255 |
| Cost of revenue-Other Product And Services | 1,678 | 5,535 | 6,544 | 2,622 |
| Total cost of revenue | 951,959 | 1,253,701 | 1,399,131 | 895,796 |
| Gross loss | -242,040 | -624,887 | -507,791 | -194,356 |
| Research and development | 57,960 | 77,226 | 113,745 | 99,579 |
| Selling, general and administrative | 379,570 | 376,110 | 422,469 | 363,929 |
| Restructuring | 25,857 | 8,153 | - | - |
| Impairment | - | 949,315 | 20,014 | - |
| Impairment of long-lived assets | - | - | - | 5,218 |
| Impairment of goodwill | - | - | 249,480 | - |
| Impairment | 785,444 | - | - | - |
| Change in fair value of contingent consideration | -23,486 | -15,847 | 30,024 | 16,468 |
| Total operating expenses | 1,225,345 | 1,394,957 | 835,732 | 485,194 |
| Operating loss | -1,467,385 | -2,019,844 | -1,343,523 | -679,550 |
| Interest income | 19,429 | 30,717 | 55,829 | 37,259 |
| Interest expense | 65,127 | 46,622 | 45,201 | 39,037 |
| Other income/(expense), net | 7,609 | -19,963 | -131 | -2,303 |
| Realized loss on investments, net | - | - | -12,806 | -1,395 |
| Change in fair value of equity securities | - | - | 11,421 | -18,159 |
| Loss on extinguishment of convertible debt instruments and debt | -31,501 | -16,278 | - | -986 |
| Change in fair value of convertible debt instruments and debt | -32,895 | - | - | - |
| Inducement of common warrant exercise | 196,482 | - | - | - |
| Change in fair value of convertible senior note | - | -3,424 | - | - |
| Change in fair value of warrant liabilities | -128,101 | - | - | - |
| Loss on equity method investments | -55,061 | -32,177 | -41,786 | -20,166 |
| Other gain | - | - | - | 1,168 |
| Loss before income taxes | -1,693,312 | -2,107,591 | -1,376,197 | -723,169 |
| Current Income Tax Expense Benefit | - | 469 | - | - |
| Current income tax expense (benefit) | - | 469 | - | - |
| Domestic Country | - | -206,649 | - | - |
| Foreign Country | - | -8,381 | - | - |
| Deferred income tax expense (benefit) | - | -215,030 | - | - |
| Domestic Country | - | -194,386 | - | - |
| Foreign Country | - | -8,452 | - | - |
| Change in net operating loss carryforward (generated) expired during the period | - | -202,838 | - | - |
| Domestic Country | - | 401,035 | - | - |
| Foreign Country | - | 13,678 | - | - |
| Valuation allowance, deferred tax asset, increase (decrease), amount | - | 414,713 | - | - |
| Income tax (expense)/benefit | 356 | -2,686 | -7,364 | 839 |
| Net loss | -1,693,668 | -2,104,905 | - | - |
| Net loss attributable to non-controlling interest | -62,074 | -204 | - | - |
| Net loss attributable to plug power inc | -1,631,594 | -2,104,701 | -1,368,833 | -724,008 |
| Net loss attributable to common stockholders | - | - | - | -724,008 |
| Basic EPS | -1.42 | -2.68 | -2.3 | -1.25 |
| Diluted EPS | -1.42 | -2.68 | -2.3 | -1.25 |
| Basic Average Shares | 1,146,691,189 | 785,024,373 | 595,468,419 | 579,716,708 |
| Diluted Average Shares | 1,146,691,189 | 785,024,373 | 595,468,419 | 579,716,708 |
PLUG POWER INC (PLUG)
PLUG POWER INC (PLUG)