Plug Power PLUG Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue (Gross) by Product | ||||||
| Fuel Delivered To Customers And Related Equipment | $139.75M+28.1% | $133.41M+36.3% | $119.69M+23.6% | $113.57M+31.4% | $109.05M+46.6% | |
| Other Product And Services | $3.2M-63.8% | $3.39M-67.9% | $3.12M-74.6% | $5.29M-64.6% | $8.86M-27.3% | |
| Power Purchase Agreements | $110.65M+33.7% | $107.57M+38.2% | $90.85M+16.4% | $86.71M+11.7% | $82.75M+11.7% | |
| Sale Of Cryogenic Equipment | $77.74M-29.7% | $95.69M-14.2% | $102.76M-33.5% | $106.41M-36.6% | $110.54M-46.5% | |
| Sale Of Electrolyzers | $219.45M+53.1% | $187.78M+38.6% | $180.83M+117% | $173.2M+233% | $143.36M+226% | |
| Sale Of Engineered Equipment | $6.54M-66.3% | $6.85M-69.0% | $9.59M-60.9% | $15.3M-37.3% | $19.41M-32.7% | |
| Sale Of Hydrogen Infrastructure | $33.71M-46.0% | $26.75M-61.3% | $49.72M-33.9% | $60.84M-40.1% | $62.48M-57.5% | |
| Sales Of Fuel Cell Systems | $49.15M-1.2% | $54.01M+3.6% | $54.67M-34.0% | $52.18M-53.5% | $49.76M-71.0% | |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $99.56M+77.7% | $94.46M+81.1% | $64.95M+24.4% | $59.35M+25.3% | $56.02M+30.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Plug Power break its business down?
- Plug Power (PLUG) reports revenue (gross) by product across 9 parts — Fuel Delivered To Customers And Related Equipment, Other Product And Services, Power Purchase Agreements, Sale Of Cryogenic Equipment and Sale Of Electrolyzers. Each is extracted from the segment footnotes and tracked over time.
- Where does Plug Power's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Plug Power's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
