Plug Power Inc. (PLUG) Financials
Key financial figures for Plug Power Inc. (Q2 2026).
Plug Power reported Q2 2026 net revenue of $178.3 million and near break-even gross margin, with GAAP EPS of $(0.14) and adjusted EPS of $(0.07). Net revenue was $178.3 million, up from $173.97 million in Q2 2025 and up ~9% sequentially from Q1 2026. Gross loss narrowed to $(1.7) million (gross margin ~(0.9)%) versus a gross loss of $(53.5) million (~(31)%) in Q2 2025 and $(21.6) million (~(13)%) in Q1 2026. Operating expenses fell to $62.4 million from $123.5 million in Q2 2025, a decline of about 50% year over year. GAAP net loss attributable to Plug Power Inc. was $(188.2) million, or $(0.14) per share; adjusted net loss was $(101.4) million, or $(0.07) per share, versus $(0.18) adjusted per share in Q2 2025. On the outlook: Plug Power raised its full-year 2026 revenue growth guidance to a range of 15% to 16% and said it continues to target positive EBITDAS in the fourth quarter of 2026. Figures are for Q2 2026, as Plug Power Inc reported them.
- Revenue
- $178M
- Net Income
- -$188M
- EPS
- $-0.14
- Total Assets
- $2.2B
- Operating Cash Flow
- -$94M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $178M | -$188M | -$0.14 | -35.96% | -$100M |
| Q1 FY2026 | $164M | -$245M | -$0.18 | -66.96% | -$152M |
| Q4 FY2025 | $225M | -$846M | -$0.73 | -338.87% | -$153M |
| Q3 FY2025 | $177M | -$362M | -$0.31 | -196.99% | -$118M |
| Q2 FY2025 | $174M | -$227M | -$0.20 | -101.71% | -$230M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $710M | -$1.6B | -$1.42 | -206.7% | -$647M |
| FY2024 | $629M | -$2.1B | -$2.68 | -321.21% | -$1.0B |
| FY2023 | $891M | -$1.4B | -$2.30 | -150.73% | -$1.8B |
Frequently asked questions
What was Plug Power Inc's revenue last quarter?
Plug Power Inc reported revenue of $178.3 million for Q2 FY2026, up 2.5% from the same period a year earlier.
Is Plug Power Inc profitable?
Not in its most recent reported period. Plug Power Inc reported a net loss of $188.2 million for Q2 FY2026, a net margin of -105.56% on revenue.
How has Plug Power Inc's margin trended?
Operating margin was -35.96% in Q2 FY2026, compared with -101.71% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Plug Power Inc report next?
Plug Power Inc is scheduled to report Q3 2026 results on 2026-11-09. That date is an estimate and has not been confirmed by the company.
Full income statement, balance sheet and cash flow for Plug Power Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.