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Plug Power PLUG EBITDA

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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%
CapEx$2.4M-94.0%
Free cash flow-$152.4M-4.4%

Valuation

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Market cap$3.78B+140%

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

Calculated from Plug Power’s reported figures.

−$109.5Mebit+
$7.2MDepreciation Depletion & Amortization
=-$102.27M

The official record: Plug Power’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plug Power's EBITDA?
Plug Power (PLUG) reported EBITDA of -$102.27M in Q1 2026.
How has Plug Power's EBITDA changed year-over-year?
Plug Power's EBITDA increased by 37.8% year-over-year, from -$164.32M to -$102.27M.
What is the long-term trend for Plug Power's EBITDA?
Over 4 years (2021 to 2025), Plug Power's EBITDA has grown at a 36.2% compound annual growth rate (CAGR), from -$413.89M to -$1.42B.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.