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Plug Power PLUG Net Income

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Segments

By segment

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Single Reportable-$188.21M+17.1%

Other financials

Income statement

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Revenue$178.3M+2.5%
Gross profit-$1.7M+96.9%
Operating income-$64.1M+63.8%
EPS (diluted)-$0.14+30.0%

Balance sheet

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Cash & equivalents$161.9M+15.0%
Total debt$243.6M-27.6%
Total equity$581.8M-65.4%
Total assets$2.2B-34.6%

Cash flow

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Operating cash flow-$94.1M+51.0%
CapEx$6.3M-83.7%
Free cash flow-$100.4M+56.4%

Valuation

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Market cap$2.64B-19.9%
Enterprise value$2.72B-21.0%
P/S3.6×-1.3×

Profitability

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Gross margin-19.3%-8.1pp
Operating margin-172.8%-47.5pp
Net margin-220.6%-43.7pp
FCF margin-70.3%-19.7pp

Returns & leverage

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Return on equity-145.1%+371pp
Debt / equity0.4×+0.2×
Current ratio2.3×+0.7×

Where this comes from

Reported directly by Plug Power in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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

Filed
Aug 10, 2026, 5:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-093454
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Loss before income taxes$(189,895)$(228,715)$(435,891)$(425,574)
Income tax expense(207)(12)(248)(12)
Net loss$(190,102)$(228,727)$(436,139)$(425,586)
Net loss attributable to non-controlling interest(1,895)(1,628)(2,628)(1,831)
Net loss attributable to Plug Power Inc.$(188,207)$(227,099)$(433,511)$(423,755)
Net loss per share attributable to Plug Power Inc.:
Basic and diluted$(0.14)$(0.20)$(0.31)$(0.41)
Weighted average number of common stock outstanding1,391,212,6701,126,627,2831,390,446,7791,036,697,246

Item 1 — Interim Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Plug Power's net income?
Plug Power (PLUG) reported net income of -$188.21M in Q2 2026.
How has Plug Power's net income changed year-over-year?
Plug Power's net income increased by 17.1% year-over-year, from -$227.1M to -$188.21M.
What is the long-term trend for Plug Power's net income?
Over 4 years (2021 to 2025), Plug Power's net income has grown at a 37.2% compound annual growth rate (CAGR), from -$459.97M to -$1.63B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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