NASDAQ:PLUG
Plug Power Inc.
Plug Power Inc.'s revenue grew 12.9% in fiscal 2025 to $709.9M while operating margin rose to −206.7%. Free cash flow was −$647.0M, −91.1% of revenue, and the diluted share count rose 46.1%.Summary generated from Plug Power Inc.'s SEC filings. Latest annual report filed Mar 2, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$709.9M
Revenue growth+12.9%
Revenue, 5-yr CAGRn/a
Gross margin−34.1%
Operating margin−206.7%
Net margin−229.8%
ROICn/a
Return on equity−120.3%
Debt / equityn/a
Free cash flow−$647.0M
FCF margin−91.1%
Share count change+46.1%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 502 | 701 | 891 | 629 | 710 |
| Operating income | −437 | −680 | −1,344 | −2,020 | −1,467 |
| Net income | −460 | −724 | −1,369 | −2,105 | −1,632 |
| Free cash flow | −530 | −1,265 | −1,772 | −1,016 | −647 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Oct 2, 2026 - 8-KDirector or officer change
Sep 23, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 10, 2026 - 8-KResults of operations and financial condition
Aug 10, 2026 - 8-KEntry into a material agreement
Jul 13, 2026 - 8-KResults of a shareholder vote
Jun 15, 2026 - 8-KRegulation FD disclosure
Jun 11, 2026