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CapEx at other companies

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$47.78M-21.6%

Other financials

Income statement

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Revenue$163.5M+22.3%
Gross profit-$21.6M+70.7%
Operating income-$109.5M+38.6%
Net income-$245.3M-24.7%
EPS (diluted)-$0.18+14.3%

Balance sheet

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Cash & equivalents$223.2M-24.6%
Total debt$263.3M-22.5%
Total equity$749.8M-59.6%
Total assets$2.4B-34.8%

Cash flow

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Operating cash flow-$150.0M-42.1%
Free cash flow-$152.4M-4.4%

Valuation

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Market cap$2.89B+72.4%
Enterprise value$2.93B+56.5%
P/S3.9×+1.4×

Profitability

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Gross margin-26.4%-10.7pp
Operating margin-189%-51.4pp
Net margin-227.1%-48.7pp
FCF margin-88.3%-23.9pp

Returns & leverage

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Return on equity-128.9%+150pp
Debt / equity0.4×+0.2×
Current ratio2.4×+0.4×

Where this comes from

Reported directly by Plug Power in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Plug Power’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:48 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058712
Line itemThree months ended / March 31, 2026Three months ended / March 31, 2025
Deferred revenue and other contract liabilities(2,356)(21,697)
Net cash used in operating activities(150,041)(105,568)
Investing activities
Purchases of property, plant and equipment(2,407)(40,451)
Purchases of equipment related to power purchase agreements and equipment related to fuel delivered to customers(5,707)(5,608)
Cash paid for non-consolidated entities and non-marketable securities(367)(514)
Net cash used in investing activities(8,481)(46,573)
Financing activities

Item 1 — Interim Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Plug Power's capex?
Plug Power (PLUG) reported capex of $2.41M in Q1 2026.
How has Plug Power's capex changed year-over-year?
Plug Power's capex decreased by 94.0% year-over-year, from $40.45M to $2.41M.
What is the long-term trend for Plug Power's capex?
Over 4 years (2021 to 2025), Plug Power's capex has grown at a -10.4% compound annual growth rate (CAGR), from $172.17M to $111.16M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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