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Plug Power PLUG Business Segments — Selling General And Administrative Expense

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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$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:SellingGeneralAndAdministrativeExpense.

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
Fuel delivered to customers and related equipment(52,892)(59,354)
Other costs of revenue(146)(343)
Operating expenses:
Research and development$(12,113)$(17,357)
Selling, general and administrative(70,208)(80,839)
Impairment(3,856)(1,064)
Other segment items, net(1)$(137,520)$(23,535)
Consolidated net loss attributable to Plug Power Inc.$(245,304)$(196,656)

Item 1 — Interim Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Plug Power's business segments — selling general and administrative expense?
Plug Power (PLUG) reported business segments — selling general and administrative expense of $70.21M in Q1 2026.
How has Plug Power's business segments — selling general and administrative expense changed year-over-year?
Plug Power's business segments — selling general and administrative expense decreased by 13.2% year-over-year, from $80.84M to $70.21M.
What is the long-term trend for Plug Power's business segments — selling general and administrative expense?
Over 3 years (2022 to 2025), Plug Power's business segments — selling general and administrative expense has grown at a 1.4% compound annual growth rate (CAGR), from $363.93M to $379.57M.
What does business segments — selling general and administrative expense mean?
This metric captures the overhead costs associated with operating the business segment, including sales, marketing, and general corporate administration. It is a critical measure of the company's operational efficiency and its ability to manage fixed costs while scaling revenue.

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