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Plug Power PLUG Business Segments — Net Income Loss

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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$3.98B+140%
Enterprise value$4.02B+135%
P/S5.4×+2.8×

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:NetIncomeLoss.

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 business segments — net income loss?
Plug Power (PLUG) reported business segments — net income loss of -$245.3M in Q1 2026.
How has Plug Power's business segments — net income loss changed year-over-year?
Plug Power's business segments — net income loss decreased by 24.7% year-over-year, from -$196.66M to -$245.3M.
What is the long-term trend for Plug Power's business segments — net income loss?
Over 3 years (2022 to 2025), Plug Power's business segments — net income loss has grown at a 31.1% compound annual growth rate (CAGR), from -$724.01M to -$1.63B.
What does business segments — net income loss mean?
This is the final profit or loss generated by the business segment after accounting for all revenues and operating expenses. It serves as the primary measure of the segment's overall financial health and its contribution to the company's total profitability.