When did Plug Power report Q1 2025 earnings?

Plug Power (PLUG) reported Q1 2025 earnings on May 12, 2025 before market open.

What were Plug Power's Q1 2025 revenue and EPS?

Plug Power reported revenue of $133.7M and eps of $-0.21 for Q1 2025.

Did Plug Power beat estimates in Q1 2025?

Revenue beat the consensus estimate of $131.8M by $1.9M. EPS missed the consensus estimate of $-0.20 by $0.01.

How did Plug Power's Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 11.2% from $120.3M a year earlier and eps grew 51.2% from $-0.43.

Where can I find Plug Power's Q1 2025 SEC filings?

You can read the 10-K/A periodic report (0001104659-25-042552) directly on SEC EDGAR. The filing index links above go to sec.gov.

Plug Power PLUG Q1 2025 Annual earnings

Reported May 12, 2025 · Before market open

Revenue$133.7MBeat by $1.9M

EPS-$0.21Miss by $0.01

Revenue estimate$131.8M

EPS estimate-$0.20

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$169.1M

EPS estimate-$0.08

Financials

Q1 2025

Income statement

See full

Revenue$133.7M+11.2%

Gross profit-$73.9M+53.6%

Operating income-$178.5M+31.2%

Net income-$196.7M+33.5%

EPS (diluted)-$0.21+54.3%

Balance sheet

See full

Cash & equivalents$295.8M+71.1%

Total debt$339.7M-12.8%

Total equity$1.9B-36.6%

Total assets$3.6B-25.0%

Cash flow

See full

Operating cash flow-$105.6M+37.1%

CapEx$40.5M-56.3%

Free cash flow-$146.0M+43.9%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$1.31B-37.1%

Enterprise value$1.36B-41.1%

P/S2×-0.6×

Profitability

See full

Gross margin-84%+12.2pp

Operating margin-301.9%+844pp

Net margin-312.3%+788pp

FCF margin-140.4%-31.6pp

Returns & leverage

See full

Return on equity-83.8%+2,603pp

Debt / equity0.2×0.0×

Current ratio1.9×0.0×

Segments

By product

See full

Sale Of Cryogenic Equipment$30.5M-3.1%

Fuel Delivered To Customers And Related Equipment$29.5M+61.1%

Power Purchase Agreements$23.2M+26.8%

Services Performed On Fuel Cell Systems And Related Infrastructure$16.9M+29.6%

Sales Of Fuel Cell Systems$16.7M-12.4%

By segment

See full

Single Reportable$133.7M+11.2%

Versus estimates

Revenue

Q1 2026$163.5MBeat by $23.6M Q4 2025$225.2MBeat by $7.8M Q3 2025$177.1MMiss by $40.3M Q2 2025$174.0MMiss by $27.0M

Q1 2025$133.7MBeat by $1.9M

Q4 2024$191.5MBeat by $20.4M

Diluted EPS

Q1 2026-$0.08Beat by $0.01 Q4 2025-$0.06Beat by $0.04 Q3 2025-$0.12Beat by $0.01 Q2 2025-$0.16Miss by $0.01

Q1 2025-$0.21Miss by $0.01

Q4 2024-$1.65Miss by $1.42

Ask the moment Plug Power reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI

Claude

Questions, answered.

When did Plug Power report Q1 2025 earnings?: Plug Power (PLUG) reported Q1 2025 earnings on May 12, 2025 before market open.
What were Plug Power's Q1 2025 revenue and EPS?: Plug Power reported revenue of $133.7M and eps of $-0.21 for Q1 2025.
Did Plug Power beat estimates in Q1 2025?: Revenue beat the consensus estimate of $131.8M by $1.9M. EPS missed the consensus estimate of $-0.20 by $0.01.
How did Plug Power's Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 11.2% from $120.3M a year earlier and eps grew 51.2% from $-0.43.
Where can I find Plug Power's Q1 2025 SEC filings?: You can read the 10-K/A periodic report (0001104659-25-042552) directly on SEC EDGAR. The filing index links above go to sec.gov.