What is Plug Power's SG&A?

Plug Power (PLUG) reported SG&A of $70.21M in Q1 2026.

How has Plug Power's SG&A changed year-over-year?

Plug Power's SG&A decreased by 13.2% year-over-year, from $80.84M to $70.21M.

What is the long-term trend for Plug Power's SG&A?

Over 4 years (2021 to 2025), Plug Power's SG&A has grown at a 20.5% compound annual growth rate (CAGR), from $179.85M to $379.57M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Plug Power PLUG SG&A

SG&A at other companies

Helios TechnologiesHLIO

$37.4M+8.1%

Franklin ElectricFELE

$123.01M+2.8%

PhiniaPHIN

$115M+7.5%

KBRKBR

$133M-5.0%

CaterpillarCAT

$1.82B+14.0%

DoverDOV

$492.23M+9.6%

Segments

By segment

See full

Single Reportable$70.21M-13.2%

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

See full

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

See full

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

See full

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

See full

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 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 SG&A?: Plug Power (PLUG) reported SG&A of $70.21M in Q1 2026.
How has Plug Power's SG&A changed year-over-year?: Plug Power's SG&A decreased by 13.2% year-over-year, from $80.84M to $70.21M.
What is the long-term trend for Plug Power's SG&A?: Over 4 years (2021 to 2025), Plug Power's SG&A has grown at a 20.5% compound annual growth rate (CAGR), from $179.85M to $379.57M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.