PLUG · XBRL financial data

Plug Power financial statements, every fiscal year

The same tables from 7 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 years (PLUG's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	(93)	502	701	891	629	710
Cost of revenue	376	674	896	1,399	1,254	952
Cost of goods and services sold	376	—	—	—	—	—
Gross profit	(469)	(171)	(194)	(508)	(625)	(242)
Research and development	28	65	100	114	77	58
Selling, general and administrative	79	180	364	422	376	380
Total operating expenses	115	266	485	836	1,395	1,225
Operating income (loss)	(584)	(437)	(680)	(1,344)	(2,020)	(1,467)
Interest income	—	—	—	56	31	19
Interest expense	61	43	39	45	47	65
Other income (expense)	(1)	(1)	(2)	(0)	(20)	8
Income tax expense (benefit)	(31)	(16)	1	(7)	(3)	0
Net income (loss)	(596)	(460)	(724)	(1,369)	(2,105)	(1,632)
Earnings per share, basic USD per share	(1.68)	(0.82)	(1.25)	(2.30)	(2.68)	(1.42)
Earnings per share, diluted USD per share	(1.68)	(0.82)	(1.25)	(2.30)	(2.68)	(1.42)
Weighted average shares, basic millions of shares	355	558	580	595	785	1,147
Weighted average shares, diluted millions of shares	355	558	580	595	785	1,147

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,312	2,481	691	135	206	369
Marketable securities	—	1,240	1,333	—	—	—
Accounts receivable	—	—	129	244	157	135
Inventory	139	269	646	961	683	521
Prepaid and other current assets	44	60	150	104	140	94
Total current assets	1,603	4,449	3,305	1,787	1,477	1,410
Property and equipment, net	75	256	720	1,436	866	281
Right-of-use asset	117	213	360	400	218	182
Goodwill	72	220	249	0	0	—
Total assets	2,251	5,950	5,764	4,903	3,603	2,595
Accounts payable	50	92	192	258	181	169
Accrued liabilities	46	79	156	201	103	128
Current portion of long-term debt	25	15	5	3	0	—
Total current liabilities	222	421	635	965	748	611
Lease liability, non-current	100	176	272	292	242	195
Total liabilities	784	1,344	1,704	2,005	1,795	1,591
Accumulated deficit	(1,946)	(2,397)	(3,121)	(4,490)	(6,594)	(8,226)
Total stockholders' equity	1,467	4,606	4,060	2,898	1,734	978
Total liabilities and equity	2,251	5,950	5,764	4,903	3,603	2,595
Common shares outstanding (cover page) millions of shares	568	578	593	684	925	1,394

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(596)	(460)	(724)	(1,369)	(2,105)	(1,632)
Stock-based compensation	17	76	180	163	82	51
Net cash from operating activities	(155)	(358)	(829)	(1,107)	(729)	(536)
Purchases of property and equipment	23	172	437	665	287	111
Net cash from investing activities	(95)	(1,741)	(679)	728	(402)	(139)
Proceeds from issuing common stock	1,272	3,588	—	—	858	322
Repayments of long-term debt	—	—	121	6	4	264
Net cash from financing activities	1,516	3,598	(77)	6	983	630
Net change in cash	1,265	1,498	(1,791)	(556)	71	163

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.