PLUG · XBRL financial data

Plug Power financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (PLUG's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue	199	222*	120	143	174	191*	134	174	177	225*	164	178
Cost of revenue	337	444*	279	275	274	426*	208	227	297	220*	185	180
Gross profit	(138)	(222)*	(159)	(131)	(100)	(235)*	(74)	(53)	(120)	5*	(22)	(2)
Research and development	28	30*	25	19	20	13*	17	12	16	12*	12	13
Selling, general and administrative	105	112*	78	85	92	121*	81	88	111	100*	70	29
Total operating expenses	136	404*	100	113	116	1,065*	105	123	229	769*	88	62
Operating income (loss)	(274)	(626)*	(259)	(245)	(216)	(1,300)*	(178)	(177)	(349)	(763)*	(109)	(64)
Interest income	—	year only	—	—	—	year only	5	6	—	year only	4	3
Interest expense	12	11*	11	10	9	17*	11	16	16	21*	17	17
Other income (expense)	5	5*	(7)	(9)	16	(19)*	1	4	4	(1)*	1	(7)
Income tax expense (benefit)	(5)	(0)*	0	(0)	0	(3)*	0	0	0	0*	0	0
Net income (loss)	(283)	(642)*	(296)	(262)	(211)	(1,335)*	(197)	(227)	(362)	(846)*	(245)	(188)
Earnings per share, basic USD per share	(0.47)	(1.08)*	(0.46)	(0.36)	(0.25)	(1.48)*	(0.21)	(0.20)	(0.31)	(0.63)*	(0.18)	(0.14)
Earnings per share, diluted USD per share	(0.47)	(1.08)*	(0.46)	(0.36)	(0.25)	(1.48)*	(0.21)	(0.20)	(0.31)	(0.63)*	(0.18)	(0.14)
Weighted average shares, basic millions of shares	599	595*	641	737	858	901*	946	1,127	1,159	1,351*	1,390	1,391
Weighted average shares, diluted millions of shares	599	595*	641	737	858	901*	946	1,127	1,159	1,351*	1,390	1,391

Balance sheet

CSV

Fiscal quarters (PLUG's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	111	135	173	62	94	206	296	141	166	369	223	162
Marketable securities	389	—	—	—	—	—	—	—	—	—	—	—
Accounts receivable	163	244	149	190	167	157	145	139	124	135	107	126
Inventory	1,024	961	976	940	886	683	693	644	555	521	516	493
Prepaid and other current assets	147	104	119	125	125	140	112	113	88	94	140	106
Total current assets	2,240	1,787	1,767	1,672	1,634	1,477	1,534	1,330	1,191	1,410	1,275	1,146
Property and equipment, net	1,252	1,436	1,454	1,510	1,534	866	880	910	877	281	240	244
Right-of-use asset	405	400	389	376	361	218	216	215	192	182	170	157
Goodwill	248	0	—	—	—	0	—	—	—	—	—	—
Total assets	5,452	4,903	4,847	4,780	4,725	3,603	3,633	3,354	3,105	2,595	2,368	2,193
Accounts payable	293	258	286	254	207	181	192	152	162	169	144	144
Accrued liabilities	154	201	155	113	107	103	129	105	122	128	113	106
Current portion of long-term debt	3	3	3	3	—	0	—	—	—	—	—	—
Total current liabilities	931	965	911	810	787	748	788	836	903	611	541	494
Lease liability, non-current	295	292	278	264	249	242	231	227	209	195	175	159
Total liabilities	1,943	2,005	1,918	1,791	1,696	1,795	1,701	1,590	1,606	1,591	1,594	1,605
Accumulated deficit	(3,847)	(4,490)	(4,786)	(5,048)	(5,259)	(6,594)	(6,791)	(7,018)	(7,380)	(8,226)	(8,471)	(8,660)
Total stockholders' equity	3,509	2,898	2,929	2,989	3,029	1,734	1,857	1,681	1,417	978	750	582
Total liabilities and equity	5,452	4,903	4,847	4,780	4,725	3,603	3,633	3,354	3,105	2,595	2,368	2,193
Common shares outstanding (cover page) millions of shares	606	684	743	880	911	925	1,078	1,155	1,391	1,394	1,395	1,397

Cash flows

CSV

Fiscal quarters (PLUG's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(283)	(642)*	(296)	(262)	(211)	(1,335)*	(197)	(227)	(362)	(846)*	(245)	(188)
Stock-based compensation	46*	34*	14	26*	24*	18*	11	13*	12*	14*	14	13*
Net cash from operating activities	(239)*	(243)*	(168)	(255)*	(175)*	(131)*	(106)	(192)*	(90)*	(149)*	(150)	(94)*
Purchases of property and equipment	165*	181*	93	101*	59*	34*	40	39*	28*	4*	2	6*
Net cash from investing activities	(145)*	268*	(121)	(148)*	(90)*	(44)*	(47)	(41)*	(30)*	(21)*	(8)	0*
Proceeds from issuing common stock	—	—	305	267*	221*	65*	276	0*	76*	(30)*	—	—
Repayments of long-term debt	0	0*	0	0*	0*	3*	0	0*	11*	252*	0	0*
Net cash from financing activities	(11)*	(8)*	283	244*	252*	204*	193	33*	87*	317*	(32)	(36)*
Net change in cash	(469)*	24*	38	(111)*	32*	112*	90	(155)*	25*	203*	(145)	(61)*

Compare with peers

SIC 3620 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3620 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Plug Power	162	178	(94)*	1.4B	1.7 quarters	Q2 FY26 10-QJun 30, 2026
Thermon Group Holdings	52	148*	11*	32.9M	—	Q4 FY26 10-KMar 31, 2026
American Superconductor	144	not reported	16	48.4M	—	Q1 FY27 10-QJun 30, 2026
Bloom Energy	2,487	1,231	(27)*	295.7M	—	Q3 FY26 10-QSep 30, 2026
Franklin Electric	159	634	80*	44.2M	—	Q3 FY26 10-QSep 30, 2026
ERock	627	40	not reported	not reported	—	Q2 FY26 10-QJun 30, 2026
Woodward	475	1,110	147*	59.0M	—	Q3 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.