When did Plug Power report Q4 2024 earnings?

Plug Power (PLUG) reported Q4 2024 earnings on March 3, 2025 before market open.

What were Plug Power's Q4 2024 revenue and EPS?

Plug Power reported revenue of $191.5M and eps of $-1.65 for Q4 2024.

Did Plug Power beat estimates in Q4 2024?

Revenue beat the consensus estimate of $171.1M by $20.4M. EPS missed the consensus estimate of $-0.23 by $1.42.

Where can I find Plug Power's Q4 2024 SEC filings?

You can read the 10-K periodic report (0001558370-25-002049) directly on SEC EDGAR. The filing index links above go to sec.gov.

Plug Power PLUG Q4 2024 Annual earnings

Reported March 3, 2025 · Before market open

Revenue$191.5MBeat by $20.4M

EPS-$1.65Miss by $1.42

Revenue estimate$171.1M

EPS estimate-$0.23

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$169.1M

EPS estimate-$0.08

Financials

Q4 2024

Income statement

See full

Revenue$191.5M-13.8%

Gross profit-$234.5M-5.5%

Operating income-$1.3B-108%

Net income-$1.3B-108%

EPS (diluted)-$1.65-52.8%

Balance sheet

See full

Cash & equivalents$205.7M+52.3%

Total debt$361.8M-10.4%

Total equity$1.7B-40.2%

Total assets$3.6B-26.5%

Cash flow

See full

Operating cash flow-$131.2M+45.9%

CapEx$34.0M-81.3%

Free cash flow-$165.2M+61.0%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$1.94B-28.8%

Enterprise value$2.1B-30.0%

P/S3.1×0.0×

Profitability

See full

Gross margin-99.4%+289pp

Operating margin-321.2%-2,772pp

Net margin-334.7%-2,199pp

FCF margin-161.5%-25.5pp

Returns & leverage

See full

Return on equity-90.9%-384pp

Debt / equity0.2×+0.1×

Current ratio2×+0.1×

Segments

By product

See full

Sale Of Electrolyzers$61.3M+583%

Sale Of Hydrogen Infrastructure$31.7M-16.2%

Sale Of Cryogenic Equipment$27.1M-61.4%

Fuel Delivered To Customers And Related Equipment$19.9M+5.6%

Power Purchase Agreements$19.4M-1.0%

By segment

See full

Single Reportable$191.5M-14.1%

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 Q4 2024 earnings?: Plug Power (PLUG) reported Q4 2024 earnings on March 3, 2025 before market open.
What were Plug Power's Q4 2024 revenue and EPS?: Plug Power reported revenue of $191.5M and eps of $-1.65 for Q4 2024.
Did Plug Power beat estimates in Q4 2024?: Revenue beat the consensus estimate of $171.1M by $20.4M. EPS missed the consensus estimate of $-0.23 by $1.42.
Where can I find Plug Power's Q4 2024 SEC filings?: You can read the 10-K periodic report (0001558370-25-002049) directly on SEC EDGAR. The filing index links above go to sec.gov.