PLUG (Plug Power Inc.) Stock Financials & Earnings

PLUGPlug Power Inc.

Mkt Cap$3B

Revenue (TTM)$710M

Net Income (TTM)-$1.6B

EPS (TTM)-$0.78

Free Cash Flow (TTM)-$2M

Gross Margin99.8%

Op. Margin38.1%

Net Margin-229.8%

FCF Margin-0.3%

P/S Ratio (TTM)3.6x

P/E Ratio (TTM)—

YoY Rev Growth+12.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$210M	-$69M	-$210M
Q2 23	$260M	-$78M	-$234M
Q3 23	$199M	-$138M	-$274M
Q4 23	$222M	-$192M	-$626M
Q1 24	$120M	-$143M	-$259M
Q2 24	$143M	-$131M	-$245M
Q3 24	$174M	-$100M	-$216M
Q4 24	$191M	-$235M	-$1.3B
Q1 25	$134M	-$74M	-$178M
Q2 25	$174M	-$53M	-$177M
Q3 25	$177M	-$120M	-$349M
Q4 25	$225M	$956M	$975M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Revenue Segments

Quarter	Fuel Delivered To Customers And Related Equipment	Other Product And Services	Power Purchase Agreements	Sale Of Cryogenic Equipment	Sale Of Electrolyzers	Sale Of Engineered Equipment	Sale Of Hydrogen Infrastructure	Sales Of Fuel Cell Systems	Services Performed On Fuel Cell Systems And Related Infrastructure	Fuel Delivered To Customers	Sale Of Fuel Cell Systems And Other Infrastructure	Sale of cryogenic equipment
Q1 23	$10M	$1M	$8M	$57M	$40M	$8M	$49M	$29M	$9M	—	—	—
Q2 23	$18M	$1M	$16M	$70M	$7M	$9M	$59M	$72M	$9M	—	—	—
Q3 23	$19M	$5M	$20M	$35M	$27M	$7M	$38M	$38M	$9M	—	—	—
Q4 23	$19M	$4M	$20M	$70M	$9M	$9M	$38M	$42M	$12M	—	—	—
Q1 24	$18M	$2M	$18M	$31M	$1M	$4M	$12M	$19M	$13M	—	—	—
Q2 24	$30M	$4M	$20M	$31M	$15M	$4M	$13M	$13M	$13M	—	—	—
Q3 24	$30M	$2M	$20M	$22M	$58M	$7M	$12M	$8M	$14M	—	—	—
Q4 24	—	$2M	$19M	—	$61M	$6M	$32M	—	$12M	$20M	$12M	$27M
Q1 25	$29M	$627K	$23M	$30M	$9M	$2M	$6M	$17M	$17M	—	—	—
Q2 25	—	$398K	$24M	—	$45M	$301K	$12M	$16M	$16M	$34M	—	$27M
Q3 25	—	$24K	$25M	—	$65M	$2M	$753K	$11M	$20M	$36M	—	$18M
Q4 25	—	$2M	$36M	—	$68M	$3M	$9M	$11M	$41M	$34M	—	$20M

Revenue by Geography

Quarter	Asia	Europe	North America	Other.	Non-US	United States
Q1 23	$3M	$40M	$162M	$5M	—	—
Q2 23	$6M	$12M	$236M	$7M	—	—
Q3 23	$3M	$34M	$157M	$5M	—	—
Q4 23	$2M	$26M	$197M	—	—	—
Q1 24	$5M	$9M	$106M	—	—	—
Q2 24	$4M	$21M	$113M	—	—	—
Q3 24	$11M	$51M	$108M	—	—	—
Q1 25	—	—	—	—	$12M	$121M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$475M	$1.2B	$1.6B
Q2 23	$579M	$505M	$1.1B
Q3 23	$111M	$457M	$567M
Q4 23	$135M	$0	$135M
Q1 24	$173M	$0	$173M
Q2 24	$62M	$0	$62M
Q3 24	$94M	$0	$94M
Q4 24	$206M	$0	$206M
Q1 25	$296M	$0	$296M
Q2 25	$141M	$0	$141M
Q3 25	$166M	$0	$166M
Q4 25	$1M	$0	$1M

Shares Outstanding

Revenue Per Employee

Revenue / Employee