PLUG POWER INC Income Statement
PLUG / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
PLUG POWER INC reported $710M in revenue and $1.6B in net loss for FY2025. Revenue has grown at a 26.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -3.69 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $709.9M | $628.8M | $891.3M | $701.4M | $502.3M | -$93.2M | $230.0M | $82.8M | $103.3M | $64.2M | $26.6M | $64.2M | $26.6M | $26.1M | $27.6M |
| Cost of Revenue | $952.0M | $1.3B | $1.4B | $895.8M | $673.7M | $50.5M | $80.6M | $78.9M | $113.2M | $69.1M | $37.8M | $69.1M | $37.8M | $37.7M | $30.7M |
| Gross Profit | -$242.0M | -$624.9M | -$507.8M | -$194.4M | -$171.3M | -$469.4M | $10.6M | $3.9M | -$9.9M | -$4.9M | -$11.2M | -$4.9M | -$11.2M | - | - |
| SG&A Expense | $379.6M | $376.1M | $422.5M | $363.9M | $179.9M | $79.3M | $43.2M | $34.3M | $34.2M | $26.6M | $14.6M | $26.6M | $14.6M | $14.6M | $14.5M |
| R&D Expense | $58.0M | $77.2M | $113.7M | $99.6M | $64.8M | $27.8M | $15.1M | $21.2M | $14.9M | $6.5M | $3.1M | $6.5M | $3.1M | $5.4M | $5.7M |
| Operating Income | -$1.5B | -$2.0B | -$1.3B | -$679.5M | -$437.3M | -$584.2M | -$47.6M | -$51.5M | -$59.0M | -$37.9M | -$29.0M | -$37.9M | -$29.0M | -$36.7M | -$31.1M |
| Interest Expense | $65.1M | $46.6M | $45.2M | $39.0M | $43.2M | $60.5M | $37.0M | - | - | - | - | - | - | - | - |
| Income Tax | $356.0K | -$2.7M | -$7.4M | $839.0K | -$16.2M | -$30.8M | - | -$392.0K | -$392.0K | -$325.0K | -$410.0K | -$325.0K | -$410.0K | $0 | $0 |
| Net Income | -$1.6B | -$2.1B | -$1.4B | -$724.0M | -$460.0M | -$596.2M | -$83.7M | -$57.5M | -$55.7M | -$88.5M | -$62.7M | -$88.5M | -$62.7M | -$31.9M | -$27.5M |
| EPS (Basic) | -$2.30 | -$1.25 | -$0.82 | -$1.68 | -$0.36 | - | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | -$2.30 | -$1.25 | -$0.82 | -$1.68 | -$0.36 | -$0.39 | -$0.60 | -$0.32 | -$0.32 | -$0.56 | -$0.82 | -$0.93 | -$1.46 | -$3.58 | -$3.15 |
| Shares Outstanding | 595.5M | 579.7M | 558.2M | 577.7M | 458.1M | 303.4M | 219.2M | 228.5M | 191.1M | 180.1M | 173.3M | 106.2M | 38.4M | 13.1M | - |
| Gross Margin | -34.1% | -99.4% | -57.0% | -27.7% | -34.1% | 503.5% | 4.6% | 4.8% | -9.6% | -7.6% | -42.3% | -7.6% | -42.3% | - | - |
| Operating Margin | -206.7% | -321.2% | -150.7% | -96.9% | -87.1% | 626.6% | -20.7% | -62.2% | -57.1% | -59.1% | -108.9% | -59.1% | -108.9% | -140.5% | -112.7% |
| Profit Margin | -229.8% | -334.7% | -153.6% | -103.2% | -91.6% | 639.4% | -36.4% | -69.4% | -53.9% | -137.8% | -235.6% | -137.8% | -235.6% | -122.0% | -99.4% |