Plug Power PLUG
Plug Power reports $99.77 million net income for Q3 2026
Plug Power (PLUG) filed a 10-Q with the SEC on Nov 9, 2026, 5:02 pm ET. Source: the filing on SEC EDGAR.
- Form
- 10-Q
- Filed
- Importance
- Major
- Accession
- 0001104659-26-124578
- Revenue of $200.6 million for the three months ended Sep 30, 2026
- Net income of $99.77 million for the three months ended Sep 30, 2026
- Cash and equivalents of $134.13 million as of Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
1 new risk factor · 7 new legal mentions
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $200.6M | $178.3M | +13% |
| Operating income and margin | −$75.25M · -37.5% | −$64.11M · -36% | −17%, margin −1.5 pts |
| Net income | $99.77M | −$188.21M | +153% |
| Operating cash flow | −$76.42M | −$94.06M | +19% |
| Cash | $134.13M | $161.89M | −17% |
| Backlog (remaining performance obligations) | $614.44M | $668.57M | −8.1% |
New risk factors (1)
- We measure our 6.75% Convertible Senior Notes and $7.75 Warrants at fair value, with changes recorded in our unaudited interim condensed consolidated statements of operations. Increases in our stock price and/or changes in volatility have generated non-cash losses (for the six months ended June 30, 2026, $145.0… +3 more paragraphs
New legal mentions (7)
- During the nine months ended September 30, 2026, the Company recorded a reduction to inventory of $14.7 million related to refunds of tariffs previously paid on imported goods, all of which the Company received in cash.
- On September 9, 2026, plaintiffs moved for leave to file a third amended complaint, which the Court granted. +2 more paragraphs
- On October 16, 2026, defendants filed a consent letter requesting an extension of the stay until after the motion for reconsideration in the 2024 Securities Action.
- On August 21, 2026, the court granted that request and consolidated the Modjeski and Reimann actions.
- On September 28, 2026, the court granted in part and denied in part defendants' motions to dismiss the amended complaint.
- and 2 more in the filing