What is Plug Power's total revenue?

Plug Power (PLUG) reported total revenue of $163.51M in Q1 2026.

How has Plug Power's total revenue changed year-over-year?

Plug Power's total revenue increased by 22.3% year-over-year, from $133.67M to $163.51M.

What is the long-term trend for Plug Power's total revenue?

Over 4 years (2021 to 2025), Plug Power's total revenue has grown at a 9.0% compound annual growth rate (CAGR), from $502.34M to $709.92M.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Plug Power PLUG Total Revenue

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$17.42B+22.2%

Segments

By product

See full

Sale Of Electrolyzers$40.88M+344%

Fuel Delivered To Customers And Related Equipment$35.8M+21.5%

Power Purchase Agreements$26.29M+13.3%

Services Performed On Fuel Cell Systems And Related Infrastructure$21.97M+30.2%

Sale Of Hydrogen Infrastructure$12.61M+123%

Sale Of Cryogenic Equipment$12.52M-58.9%

By segment

See full

Single Reportable$163.51M+22.3%

Other financials

Income statement

See full

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

See full

Market cap$3.98B+140%

Enterprise value$4.02B+135%

P/S5.4×+2.8×

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:Revenues.

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 total revenue?: Plug Power (PLUG) reported total revenue of $163.51M in Q1 2026.
How has Plug Power's total revenue changed year-over-year?: Plug Power's total revenue increased by 22.3% year-over-year, from $133.67M to $163.51M.
What is the long-term trend for Plug Power's total revenue?: Over 4 years (2021 to 2025), Plug Power's total revenue has grown at a 9.0% compound annual growth rate (CAGR), from $502.34M to $709.92M.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.