When did Plug Power report Q2 2025 earnings?

Plug Power (PLUG) reported Q2 2025 earnings on August 11, 2025 after market close.

What were Plug Power's Q2 2025 revenue and EPS?

Plug Power reported revenue of $174.0M and eps of $-0.16 for Q2 2025.

Did Plug Power beat estimates in Q2 2025?

Revenue missed the consensus estimate of $201.0M by $27.0M. EPS missed the consensus estimate of $-0.15 by $0.01.

How did Plug Power's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 21.4% from $143.4M a year earlier and eps grew 55.6% from $-0.36.

Where can I find Plug Power's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0001558370-25-011072) directly on SEC EDGAR. The filing index links above go to sec.gov.

Plug Power PLUG Q2 2025 earnings

Reported August 11, 2025 · After market close

Revenue$174.0MMiss by $27.0M

EPS-$0.16Miss by $0.01

Revenue estimate$201.0M

EPS estimate-$0.15

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$169.1M

EPS estimate-$0.08

Financials

Q2 2025

Income statement

See full

Revenue$174.0M+21.4%

Gross profit-$53.5M+59.3%

Operating income-$176.9M+27.7%

Net income-$227.1M+13.4%

EPS (diluted)-$0.20+44.4%

Balance sheet

See full

Cash & equivalents$140.7M+126%

Total debt$336.4M-10.1%

Total equity$1.7B-43.8%

Total assets$3.4B-29.8%

Cash flow

See full

Operating cash flow-$191.8M+24.7%

CapEx$38.6M-61.9%

Free cash flow-$230.4M+35.3%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$1.33B-11.0%

Enterprise value$1.53B-15.5%

P/S2×-0.2×

Profitability

See full

Gross margin-68.6%-14.9pp

Operating margin-278.1%+154pp

Net margin-292.8%+158pp

FCF margin-115.3%-36.0pp

Returns & leverage

See full

Return on equity-84.4%+885pp

Debt / equity0.2×+0.1×

Current ratio1.6×-0.5×

Segments

By product

See full

Sale Of Electrolyzers$44.9M+199%

Fuel Delivered To Customers And Related Equipment$34.4M+15.1%

Sale Of Cryogenic Equipment$26.8M-13.3%

Power Purchase Agreements$23.6M+20.1%

Services Performed On Fuel Cell Systems And Related Infrastructure$16.4M+25.6%

By segment

See full

Single Reportable$174.0M+21.4%

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

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Questions, answered.

When did Plug Power report Q2 2025 earnings?: Plug Power (PLUG) reported Q2 2025 earnings on August 11, 2025 after market close.
What were Plug Power's Q2 2025 revenue and EPS?: Plug Power reported revenue of $174.0M and eps of $-0.16 for Q2 2025.
Did Plug Power beat estimates in Q2 2025?: Revenue missed the consensus estimate of $201.0M by $27.0M. EPS missed the consensus estimate of $-0.15 by $0.01.
How did Plug Power's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 21.4% from $143.4M a year earlier and eps grew 55.6% from $-0.36.
Where can I find Plug Power's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0001558370-25-011072) directly on SEC EDGAR. The filing index links above go to sec.gov.