7Baggers

Plug Power Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Gross Profit  
 Operating Profit  
 Net Income  
20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 -1.34-1.14-0.94-0.75-0.55-0.36-0.160.03Billion

Plug Power Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2013-12-31 2013-09-30 2012-12-31 2012-06-30 2012-03-31 2011-12-31 2010-09-30 2009-12-31 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-12-31 2002-09-30 
                                                                               
  net revenue:                                                                             
  sales of equipment, related infrastructure and other99,173,000 63,506,000 138,111,000 107,141,000 76,788,000 68,295,000 167,923,000 145,130,000 216,286,000 182,094,000                                                                    
  services performed on fuel cell systems and related infrastructure16,367,000 16,874,000 11,964,000 14,148,000 13,034,000 13,023,000 12,005,000 9,290,000 8,701,000 9,097,000 9,812,000 8,406,000 8,822,000 8,240,000 8,309,000 6,677,000 5,675,000 6,045,000 5,631,000 6,829,000 6,236,000 6,521,000 7,802,000 5,920,000 5,282,000 6,213,000 5,672,000 5,156,000 7,188,000 6,598,000 6,734,000 5,842,000 5,049,000 5,149,000 5,060,000 4,763,000 5,360,000 5,273,000                                        
  power purchase agreements23,633,000 23,210,000 19,405,000 20,459,000 19,674,000 18,304,000 19,596,000 20,068,000 16,130,000 7,937,000 16,453,000 9,524,000 11,169,000 10,037,000 9,645,000 9,321,000 8,361,000 7,826,000 5,699,000 6,704,000 6,654,000 6,496,000 9,240,000 5,599,000 6,307,000 4,707,000 6,504,000 5,555,000 5,629,000 5,489,000 5,597,000 5,428,000 4,945,000 4,311,000 4,061,000 3,858,000 3,062,000 2,706,000                                        
  fuel delivered to customers and related equipment34,399,000 29,457,000 19,918,000 29,791,000 29,887,000 18,286,000 18,855,000 19,371,000 17,878,000 10,142,000 16,907,000 12,389,000 14,472,000 13,429,000                                                                
  other398,000 627,000 2,072,000 2,191,000 3,967,000 2,356,000 3,782,000 4,852,000 1,187,000 1,016,000 1,703,000 324,000 571,000 251,000 110,000 369,000 122,000 188,000 -49,000 97,000 62,000 76,000 51,000 135,000       5,000 128,000 64,000 87,000 105,000 376,000 278,000 125,000                                        
  net revenue173,970,000 133,674,000 191,470,000 173,730,000 143,350,000 120,264,000 222,161,000 198,711,000 260,182,000 210,286,000 220,742,000 188,628,000 151,267,000 140,804,000 161,905,000 143,922,000 124,557,000 71,958,000 14,103,000 106,989,000 68,070,000 40,813,000 98,202,000 56,376,000 57,068,000 18,593,000 59,820,000 53,165,000 36,006,000 27,195,000 31,873,000 35,370,000 20,784,000                                             
  cost of revenue:                                                                             
  (benefit)/benefit from loss contracts related to service-10,832,000                                                                             
  total cost of revenue227,435,000 207,535,000 426,002,000 273,755,000 274,605,000 279,339,000 444,448,000 336,676,000 338,325,000 279,682,000 301,220,000 234,691,000 183,732,000 176,153,000 249,668,000 175,000,000 164,855,000 84,129,000 2,770,000 108,279,000 62,994,000 45,284,000 78,882,000 51,114,000 46,914,000 25,363,000 55,313,000 48,756,000 38,316,000 31,179,000 32,530,000 54,780,000 24,327,000 19,714,000 29,567,000 17,178,000 20,075,000 15,162,000                                        
  ​                                                                             
  gross loss-53,465,000 -73,861,000 -234,532,000 -100,025,000 -131,255,000 -159,075,000 -222,287,000 -137,965,000 -78,143,000 -69,396,000 -80,478,000 -46,063,000 -32,465,000 -35,349,000 -20,886,750 -31,078,000 -40,298,000 -12,171,000    -4,471,000    -6,770,000   -2,310,000 -3,984,000                                                
  operating expenses:                                                                             
  research and development12,193,000 17,357,000 13,294,000 19,712,000 18,940,000 25,280,000 30,308,000 27,651,000 29,251,000 26,535,000 27,456,000 28,105,000 23,557,000 20,461,000 27,139,000 16,634,000 11,247,000 9,742,000 -17,074,000 11,964,000 9,757,000 10,412,000 9,341,000 8,028,000 8,933,000 7,373,000 8,430,000 8,402,000 8,427,000 8,648,000 8,634,000 7,436,000 6,625,000 5,998,000 6,145,000 5,001,000 5,201,000 4,830,000                                        
  selling, general and administrative87,893,000 80,839,000 121,421,000 91,586,000 85,144,000 77,959,000 111,848,000 105,451,000 101,154,000 104,016,000 101,509,000 85,578,000 95,953,000 80,890,000 73,200,000 42,421,000 38,652,000 25,579,000 -3,746,000 14,277,000 21,658,000 11,013,000 10,982,000 10,400,000 13,627,000 9,324,000 8,996,000 8,652,000 12,241,000 8,309,000 8,426,000 9,535,000 17,904,000 9,145,000 8,803,000 8,636,000 8,559,000 8,290,000                                        
  restructuring2,964,000 17,154,000 -1,000 514,000 1,629,000 6,011,000                                                                        
  impairment20,599,000 1,064,000 940,909,000 4,185,000 3,937,000 284,000 8,280,000 665,000 9,986,000                                                                     
  change in fair value of contingent consideration-168,000 -11,819,000 -10,561,000 146,000 3,768,000 -9,200,000 3,708,000 2,239,000 15,308,000 8,769,000 19,073,000  -5,066,000 2,461,000 2,416,000 8,530,000 -560,000 790,000 -282,500 -1,130,000                                                          
  total operating expenses123,481,000 104,595,000 1,065,062,000 116,143,000 113,418,000 100,334,000 403,624,000 136,006,000 155,699,000 140,403,000 153,256,000 113,683,000 114,444,000 103,812,000 112,979,000 67,585,000 49,339,000 36,111,000 -20,820,000 26,241,000 31,415,000 21,425,000 20,323,000 18,428,000 22,560,000 16,697,000 17,426,000 17,054,000 20,668,000 16,957,000 17,060,000 16,971,000 24,529,000 15,143,000 14,948,000 13,637,000 13,760,000 13,120,000                                        
  operating income-176,946,000 -178,456,000 -1,299,594,000 -216,168,000 -244,673,000 -259,409,000 -625,911,000 -273,971,000 -233,842,000 -209,799,000 -233,734,000 -159,746,000 -146,909,000 -139,161,000 -200,742,000 -98,663,000 -89,637,000 -48,282,000 32,153,000 -27,531,000 -26,339,000 -25,896,000 -1,003,000 -13,166,000 -12,406,000 -23,467,000 -12,919,000 -12,645,000 -22,978,000 -20,941,000 -17,717,000 -36,381,000 -28,072,000 -19,622,000 -11,937,000 -13,256,000 -13,376,000 -12,950,000          -9,678,124.5 -9,400,206 -31,078,560 -10,192,210 -8,291,346 -70,287,153 -14,594,905 -19,947,054 -20,219,273 -17,726,857 -19,325,848 -15,056,630 -16,256,560 -15,353,828 -13,969,001 -12,899,613 -12,919,050 -12,043,488 -10,690,747 -12,325,976 -11,724,757 -11,466,466 -11,298,481 -11,837,209 -13,863,170 -12,058,688 -12,521,708 -13,466,811 -12,378,595 -10,545,042 
  yoy-27.68% -31.21% 107.63% -21.10% 4.63% 23.65% 167.79% 71.50% 59.17% 50.76% 16.44% 61.91% 63.89% 188.23% -724.33% 258.37% 240.32% 86.45% -3305.68% 109.11% 112.31% 10.35% -92.24% 4.12% -46.01% 12.06% -27.08% -65.24% -18.15% 6.72% 48.42% 174.45% 109.87% 51.52%              16.73% -86.63% 112.94% -48.90% -58.99% 296.50% -24.48% 32.48% 24.38% 15.46% 38.35% 16.72% 25.83% 27.49% 30.66% 4.65% 10.19% 5.03% -5.38% 4.13% -15.43% -4.91% -9.77% -12.10% 11.99% 14.35%     
  qoq-0.85% -86.27% 501.20% -11.65% -5.68% -58.55% 128.46% 17.16% 11.46% -10.24% 46.32% 8.74% 5.57% -30.68% 103.46% 10.07% 85.65% -250.16% -216.79% 4.53% 1.71% 2481.85% -92.38% 6.13% -47.13% 81.65% 2.17% -44.97% 9.73% 18.20% -51.30% 29.60% 43.06% 64.38% -9.95% -0.90% 3.29%           2.96% -69.75% 204.92% 22.93% -88.20% 381.59% -26.83% -1.35% 14.06% -8.27% 28.35% -7.38% 5.88% 9.91% 8.29% -0.15% 7.27% 12.65% -13.27% 5.13% 2.25% 1.49% -4.55% -14.61% 14.96% -3.70% -7.02% 8.79% 17.39%  
  operating margin %                                 -128.80% -36.64% -75.49% -65.38% -84.46%     0% 0% 0% 0% 0% -67.22% -163.40% -342.60% -316.41% -316.29% -1331.85% -359.99% -533.79% -396.59% -390.89% -482.29% -572.46% -1562.61% -874.59% -505.36% -566.84% -473.51% -310.35% -292.36% -382.71% -258.15% -247.72% -306.61% -360.27% -465.12% -348.00% -403.38% -456.14% -366.61% -352.24% 
  interest income5,845,000 5,153,000 6,222,000 7,423,000 7,795,000 9,277,000 11,437,000 10,369,000 16,391,000 17,632,000 17,938,000 13,429,000 3,838,000 2,054,000                                              1,338,252.75 3,532,965 997,441 822,605 941,834 669,182 285,476 270,248 380,957 262,242 442,576 366,818 295,287 144,798 190,692 202,237 221,342 352,079 
  interest expense-15,938,000 -11,486,000 -16,638,000 -9,148,000 -9,511,000 -11,325,000 -11,484,000 -11,802,000 -11,265,000 -10,650,000 -10,166,000 -9,020,000 -11,203,000 -8,648,000                                          -55,147.75 -114,061 -106,530  -12,549 -55,932 -53,443 -48,911 -37,464 -45,257 -33,892 -28,970 -7,581 -27,953 -9,561 -15,879 -13,679 -14,781 -15,988 -17,120 -172,279 24,897 
  other income/(expense)3,817,000 1,290,000 -141,500 15,510,000   -1,216,500 4,987,000                                                                      
  loss on extinguishment of convertible debt instruments and debt-5,475,000 -3,652,000                                                                            
  change in fair value of convertible debenture9,240,000 -7,338,000                                                                            
  change in fair value of debt-3,408,000                                                                             
  loss on equity method investments-45,850,000 -2,370,000 -3,134,000 -8,690,000 -7,240,000 -13,113,000 -21,816,000 -7,030,000 -7,623,000 -5,317,000 -9,862,000 -4,280,000 -2,191,000 -3,833,000 -3,968,000 -1,736,000                                                              
  income before income taxes-228,715,000 -196,859,000 -1,338,196,000 -211,073,000 -262,709,000 -295,613,000 -642,843,000 -288,208,000 -237,315,000 -207,831,000 -224,156,000 -169,237,000 -172,873,000 -156,903,000 -209,111,000 -106,671,000 -99,634,000 -60,746,000 25,953,000 -45,902,000 -26,315,000 -37,479,000 -11,737,000 -21,229,000 -18,561,000 -33,938,000 -18,483,000 -17,281,000 -28,780,000 -22,788,000 -19,439,000 -40,983,000 -42,619,000 -24,039,000 -19,211,000 -13,394,000 -13,128,000 -12,146,000                                        
  income tax (expense)/benefit-12,000  29,500 -95,000  -163,000                                                                        
  net income-228,727,000 -196,859,000 -1,335,628,000 -211,168,000 -262,333,000 -295,776,000 -642,395,000 -283,479,000 -236,398,000 -206,561,000 -125,135,750 -170,758,000 -173,296,000 -156,489,000                                  -9,591,567.5 -9,291,565 -30,459,044 -10,249,508 -8,157,449 -64,295,321 -13,810,258 -20,727,686 -17,484,853 -15,176,246 -16,726,710 -11,183,007 -13,281,870 -11,876,795 -13,025,003 -12,125,919 -16,453,035 -11,867,837 -10,887,437 -12,535,153 -11,804,431 -11,683,319 -11,298,989 -11,952,088 -14,039,505 -12,405,511 -12,826,891 -13,766,895 -12,719,075 -10,674,366 
  yoy-12.81% -33.44% 107.91% -25.51% 10.97% 43.19% 413.36% 66.01% 36.41% 32.00%                                      17.58% -85.55% 120.55% -50.55% -53.35% 323.66% -17.44% 85.35% 31.64% 27.78% 28.42% -7.78% -19.27% 0.08% 19.63% -3.26% 39.38% 1.58% -3.64% 4.88% -15.92% -5.82% -11.91% -13.18% 10.38% 16.22%     
  qoq16.19% -85.26% 532.50% -19.50% -11.31% -53.96% 126.61% 19.92% 14.44% 65.07% -26.72% -1.46% 10.74%                                   3.23% -69.49% 197.18% 25.65% -87.31% 365.56% -33.37% 18.55% 15.21% -9.27% 49.57% -15.80% 11.83% -8.82% 7.41% -26.30% 38.64% 9.00% -13.14% 6.19% 1.04% 3.40% -5.46% -14.87% 13.17% -3.29% -6.83% 8.24% 19.16%  
  net income margin %                                 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -66.62% -161.51% -335.77% -318.19% -311.19% -1218.31% -340.63% -554.68% -342.95% -334.64% -417.43% -425.18% -1276.68% -676.53% -471.21% -532.84% -603.04% -305.82% -297.74% -389.21% -259.90% -252.40% -306.62% -363.77% -471.03% -358.01% -413.21% -466.30% -376.69% -356.56% 
  net income attributable to non-controlling interest-1,628,000 -203,000                                                                            
  net income attributable to plug power inc.-227,099,000 -196,656,000                                                                            
  net income per share                                                                             
  basic and diluted-0.2 -0.21 -1.65 -0.25 -0.36 -0.46 -1.08 -0.47 -0.4 -0.35 -0.38 -0.3 -0.3 -0.27 -0.34 -0.19 -0.18 -0.12 -0.1 -0.11 -0.03 -0.12 -0.04 -0.09 -0.08 -0.15 -0.08 -0.07 -0.12 -0.09 -0.08 -0.18 -0.19 -0.13 -0.11 -0.07 -0.07 -0.07 -0.06                                       
  weighted-average number of common stock outstanding1,126,627,283 945,767,987 785,024,373 858,442,951 736,848,684 641,256,134 595,468,419 599,465,146 598,053,390 589,205,165 579,716,708 578,043,278 578,043,278 577,866,983 558,182,177 574,520,806 567,033,722 513,458,287 237,152,780 371,010,544 316,645,050 305,192,201 237,152,780 236,759,521                                                      
  benefit from loss contracts related to service 8,888,000 10,274,000 6,036,000 16,484,000 15,745,000 30,545,000 41,581,000 7,331,000 6,889,000 17,958,000 5,727,000 1,068,000 2,048,000 3,910,250 7,462,000 6,694,000 1,485,000 1,076,500 4,306,000                 -1,071,000                                         
  income tax expense          382,500 1,521,000 423,000                                                                 
  realized gain on investments                18,000                                                             
  other-than-temporary impairment of available-for-sale securities      -2,707,750 -10,831,000                                                                      
  change in fair value of equity securities      2,434,000 70,000 3,842,000 5,075,000 4,705,000 -4,221,000 -13,484,000 -5,159,000 7,022,000 -607,000 323,000                                                             
  loss on extinguishment of convertible senior notes  -3,511,750   -14,047,000                                                                        
  other income    -9,080,000 -6,996,000   -5,082,000 -4,771,000 6,861,000 -5,399,000 -2,456,000 -1,309,000 -447,000 -50,000 -70,000 -198,000                                      -8,355.75 -95,381 61,958                    
  income tax benefit    376,000     -1,270,000    -414,000     6,045,500 6,523,000 17,659,000      1,636,000 1,716,000 2,912,000 2,953,000        392,000    324,680  410,259                                  
  realized loss on investments         -1,000 -80,000  -468,000 -847,000 155,000 -254,000                                                              
  realized gain/(loss) on investments      65,750  264,000                                                                     
  income tax (benefit)/expense      -1,729,000 -4,729,000                                                                      
  income tax (benefit) expense        -917,000                                                                     
  impairment of long-lived assets         1,083,000                                                                    
  sales of fuel cell systems, related infrastructure and equipment          175,867,000 157,985,000 116,233,000 108,847,000                                                                
  sales of fuel cell systems and related infrastructure              65,512,250 115,999,000 99,278,000 46,772,000 -1,741,000 83,528,000 47,746,000 20,387,000 70,952,000 38,165,000 38,547,000 2,220,000 41,191,000 36,668,000 20,622,000 11,458,000 15,352,000 45,179,000 8,560,000 2,197,000 19,993,000 5,653,000 9,121,000 5,218,000                                        
  fuel delivered to customers              93,392,000 11,556,000 11,121,000 11,127,000 4,563,000 9,831,000 7,372,000 7,333,000 10,157,000 6,557,000 6,932,000 5,453,000 6,453,000 5,786,000 6,488,000 5,535,000 5,975,000 4,850,000 3,986,000 3,491,000 3,359,000 2,909,000 2,638,000 2,010,000                                        
  interest              -6,973,750 -5,361,000 -10,268,000 -12,266,000                                                            
  gain on extinguishment of debt                  -13,740,000  13,222,000                                                         
  net income attributable to the company              -192,914,000 -106,671,000 -99,634,000 -60,746,000 1,771,000 -39,379,000 -8,656,000 -37,479,000 -11,737,000 -21,229,000 -18,561,000 -33,938,000 -16,847,000 -15,565,000 -25,868,000 -19,835,000 -19,439,000 -40,983,000 -42,619,000 -24,039,000 -19,211,000 -13,394,000 -13,128,000 -11,754,000 -10,213,000 -9,226,000 -11,051,821 -9,351,034                                    
  preferred stock dividends declared                             -13,000    -26,000 -26,000 -26,000 -26,000 -26,000                                        
  net income attributable to common stockholders              -192,914,000 -106,671,000 -99,634,000 -60,746,000 -22,000 -39,379,000 -8,669,000 -37,492,000 -11,750,000 -21,242,000                                                      
  gross profit                  11,333,000 -1,290,000 5,076,000  19,320,000 5,262,000 10,154,000  4,507,000 4,409,000   -657,000 -19,410,000 -3,543,000 -4,479,000 3,011,000 381,000 384,000 170,000                                        
  yoy                  -41.34% -124.52% -50.01%  328.67% 19.35%   -786.00% -122.72%   -121.82% -5194.49% -1022.66% -2734.71%                                            
  qoq                  -978.53% -125.41%   267.16% -48.18%   2.22%    -96.62% 447.84% -20.90% -248.75% 690.29% -0.78% 125.88%                                         
  gross margin %                                 -29.40% 9.24% 2.17% 1.88% 1.11% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 
  interest and other income                  6,331,000 -17,241,000 -13,198,000 -11,583,000 -10,806,000 -8,490,000 -7,861,000 -8,345,000 -6,542,000 -6,352,000 -6,136,000 -3,105,000 -2,988,000 -2,724,000 -2,251,000 -2,137,000 -6,909,000 -2,113,000 -1,208,000 87,000 28,000 32,000 31,176 628,339 66,897 26,028    188,147.75 141,930 -809,527 -317,554 -296,295 213,263 -286,442 -106,911                       
  change in fair value of common stock warrant liability                      72,000 427,000 1,706,000 -2,126,000 978,000 1,716,000 334,000 1,258,000 1,266,000 -1,878,000 -12,296,000 -2,280,000 -365,000 1,975,000 1,456,000 1,278,000 2,167,000 667,000 1,768,795 485,471 -20,930,757 -8,206,429 3,792,114 1,053,051 1,238,750                               
  preferred stock dividends declared and accretion of discount                  -4,750  -13,000 -13,000 -13,000 -13,000 -26,000 -52,000 -13,000 -13,000 -13,000  -12,000 -25,000 -26,000                                             
  net income attributable to common shareholders                        -18,587,000 -33,990,000 -16,860,000 -15,578,000 -25,881,000 -19,848,000 -19,451,000 -41,008,000 -42,645,000 -24,065,000 -19,237,000 -13,420,000 -13,154,000 -11,780,000 -10,238,000 -9,253,000 -11,077,851 -9,377,064                                    
  weighted-average number of common shares outstanding                        231,114,868 220,605,068 218,882,337 218,953,106 214,315,312 226,985,762 216,343,985 225,762,535 220,310,678 191,185,690 180,619,860 180,375,680 180,282,904 180,125,763 177,369,017  173,365,830 169,557,223 76,436,408 84,150,851 34,376,427         88,207,878 88,071,196 87,341,717 86,894,954 86,656,349 86,448,152 86,100,326    78,463,236    73,125,957    60,145,940   51,664,671 50,644,950 50,818,978 
  revenue:                                                                             
  gross revenue                            39,927,000 29,080,000 33,663,000 61,427,000 22,604,000                                             
  benefit from common stock warrants                            -3,921,000 -1,885,000 -1,790,000 -26,057,000 -1,820,000                                             
  total revenue                                 15,235,000 32,578,000 17,559,000 20,459,000 15,332,000 31,432,000 24,009,000 9,415,539 19,881,094 8,032,231 4,626,816 18,449,360 7,659,097 7,752,142 14,398,201 5,752,804 9,071,341 3,221,215 2,621,400 5,277,412 4,054,280 3,736,886 5,098,312 4,535,031 4,007,102 2,630,177 1,040,346 1,755,539 2,764,157 2,275,708 2,728,359 3,880,675 3,656,684 3,220,687 4,541,861 4,628,823 3,685,014 3,285,605 2,980,584 3,465,104 3,104,174 2,952,355 3,376,535 2,993,687 
  yoy                                 -0.63% 3.65% -26.86% 117.29% -22.88% 291.32% 418.91% -48.97% 159.57% 3.61% -67.87% 220.70% -15.57% 140.66% 449.26% 9.01% 123.75% -13.80% -48.58% 16.37% 1.18% 42.08% 390.06% 158.33% 44.97% 15.58% -61.87% -54.76% -24.41% -29.34% -39.93% -16.16% -0.77% -1.98% 52.38% 33.58% 18.71% 11.29% -11.73% 15.75%     
  qoq                                 -53.24% 85.53% -14.17% 33.44% -51.22% 30.92% 154.99% -52.64% 147.52% 73.60% -74.92% 140.88% -1.20% -46.16% 150.28% -36.58% 181.61% 22.88% -50.33% 30.17% 8.49% -26.70% 12.42% 13.17% 52.35% 152.82% -40.74% -36.49% 21.46% -16.59% -29.69% 6.13% 13.54% -29.09% -1.88% 25.61% 12.16% 10.23% -13.98% 11.63% 5.14% -12.56% 12.79%  
  loss on acquisition activity                                                                             
  product revenue                                      17,976,000 15,324,000 4,067,476 12,595,044                                    
  service revenue                                      13,446,000 8,428,000 5,303,063 6,914,933                                    
  research and development contract revenue                                      10,000 257,000 45,000 371,117 266,796 461,808 1,243,637 457,693 515,376 942,853 957,270 5,523,261 1,936,522 1,338,678 3,861,729 2,783,302 2,886,552 4,353,658 3,335,541 3,331,325 2,168,143 659,829 1,079,161 2,021,307 1,418,978 1,687,611 2,570,957 2,183,015 2,164,317 3,430,358 3,293,805 2,176,974 1,934,518 1,630,211 1,477,011 958,643 919,292 1,331,130 374,577 
  cost of product revenue                                      15,145,000 11,653,000 3,837,935 11,058,189                                    
  cost of service revenue                                      16,201,000 10,483,000 7,637,863 9,217,120                                    
  cost of research and development contract revenue                                      10,000 311,000 51,153 699,490 622,628 730,486 1,972,253 832,564 765,958      3,631,496.5 3,794,321 4,973,808 6,470,323 5,198,167 4,723,078 2,653,279 1,413,159 1,335,963 2,350,841 2,536,699 2,541,063 3,364,876 3,255,333 2,914,459 3,558,640 4,260,544 3,065,020 2,589,886       
  research and development expense                                      4,131,000 3,425,000 2,900,944 1,643,526 777,977 768,965 3,857,158 1,577,077 1,227,457 -6,298,405 2,085,622 12,366,804 3,957,569 4,464,962 8,389,608 7,703,000 10,036,495                       
  legal reserve                                         2,400,000                                    
  selling, general and administrative expenses                                      8,201,000 8,002,000 7,140,969 4,950,594 3,475,736 2,753,030 11,009,730 3,567,268 3,935,793 -3,282,763 3,430,197 10,972,754 4,454,052 3,238,864 8,695,986 4,754,655 6,460,787                       
  gain on acquisition activity                                                                             
  gain on bargain purchase                                                                             
  net income per share                                                                             
  basic                                       -0.05                                      
  diluted                                       -0.05                                      
  basic weighted-average number of common shares outstanding                                       173,439,391                                      
  diluted weighted-average number of common shares outstanding                                       173,439,391                                      
  amortization of intangible assets                                        608,444 608,444 565,941 562,896 1,733,498 572,991 575,773 631,036 562,785 1,607,179 525,154 506,198 514,351 562,668 575,002 585,939 571,914 456,250                    
  loss per share:                                                                             
  basic and diluted                                        -0.06 -0.06      -0.073 -0.07 -0.24 -0.08 -0.06 -0.71 -0.16 -0.24 -0.19 -0.17 -0.19 -0.13 -0.15 -0.14 -0.15 -0.14 -0.19 -0.15 -0.15 -0.17 -0.16 -0.16 -0.15 -0.16 -0.2 -0.2 -0.21 -0.27 -0.25 -0.21 
  gain on sale of equity interest in joint venture                                                                             
  product and service revenue                                          4,334,865.75 4,165,008 17,205,723 7,201,404 7,236,766 12,938,785 4,795,534 3,548,080 1,284,693 1,282,722 1,415,683 1,270,978 850,334 744,654 1,199,490 675,777 462,034 380,517 676,378 742,850 856,730 1,040,748 1,309,718 1,473,669 1,056,370 1,111,503 1,335,018 1,508,040 1,351,087 1,350,373 1,988,093 2,145,531 2,033,063 2,045,405 2,619,110 
  cost of product and service revenue                                          6,195,879.5 7,812,018 29,015,172 8,642,527 9,060,689 15,494,932 7,344,444 5,498,185 1,748,268 483,515 5,143,024 1,834,541 1,637,848 1,368,722 1,963,490 4,381,985 1,684,577 1,514,181 761,453 1,336,366 1,220,994               
  loss per share:                                                                             
  licensed technology revenue                                                                             
  interest and other income and net realized losses                                                                             
  from available-for-sale securities                                            182,430 43,690 47,524                               
  interest and other income and foreign currency gain                                            -218,993 -42,965 -55,848                               
  weighted-average number of common shares                                                                             
  outstanding                                            9,463,339.5 37,853,358 23,437,600 -112,260,302 131,501,132 66,528 129,044,133 128,472,637                          
  cost of research and development contract                                                                             
  revenue                                               1,322,712 1,729,962 9,704,979 2,728,382 2,219,207                          
  change in fair value of auction rate securities repurchase agreement                                               -1,494,455.5 -2,842,790 -3,732,763 -513,761 -3,049,994                          
  net trading gain                                               1,494,455.5 2,842,790 3,732,763 513,761                           
  in-process research and development                                                                          3,000,000   
  goodwill impairment                                                                             
  interest and other income and net realized gains                                                                             
  (losses) from available-for-sale securities                                                 1,429,043 260,256 430,192                          
  impairment loss on available-for-sale securities                                                    -4,942,229 -789,117 -2,794,646                       
  income before equity in losses of affiliates                                                 -30,459,044 -10,249,508 -8,157,449 -64,295,321 -13,810,258 -20,727,686 -17,484,853 -15,176,246 -16,726,710 -11,183,007 -13,281,870 -11,876,795 -13,025,003 -12,125,919 -12,014,680 -11,419,563 -10,439,163 -12,084,698 -11,351,381 -11,232,177 -10,865,466 -11,486,270 -13,581,562 -11,928,671 -12,347,004 -13,281,694 -12,253,888 -10,192,963 
  equity in losses of affiliates                                                               -4,438,355 -448,274 -448,274 -450,455 -453,050 -451,142 -433,523 -465,818 -457,943 -476,840 -479,877 -485,201 -465,187 -481,403 
  net unrealized gains on trading securities                                                   3,049,994                          
  interest and other income and net realized gains from available-for-sale securities                                                    1,159,497.5 1,860,206                        
  interest income and net realized gains from available-for-sale securities                                                      2,120,925                       
  cost of revenue and expenses                                                                             
  research and development expense:                                                                             
  noncash stock-based compensation                                                       664,243.75 928,305 852,301 876,369 726,242 712,851 716,915 663,360 437,970 386,777 377,080 372,274 932,087 663,748 521,138 474,183 318,448 500,596 288,667 226,125 483,610 269,836 
  other research and development                                                       6,197,426.75 8,433,526 7,934,155 8,422,026 10,261,389 10,855,776 9,319,301 8,321,400 8,810,867 9,121,130 7,364,196 9,448,988 8,083,505 7,932,783 7,338,143 9,257,202 8,979,105 9,727,157 10,124,310 9,905,330 9,879,824 8,411,249 
  general and administrative expense:                                                                             
  other general and administrative                                                       3,193,476.5 4,682,351 4,553,559 3,537,995 3,020,888 3,123,729 2,438,249 2,238,234 1,591,422 1,980,584 1,907,101 1,967,733 1,848,435 1,695,064 1,827,074 1,654,490 1,559,145 1,505,024 1,788,355 1,500,727 1,785,763 1,667,745 
  interest income and net realized gains/(losses) from the sale of available-for-sale securities                                                       2,319,346.5 2,760,053 2,643,710                    
  interest income and net realized gains/losses from the sale of available-for-sale securities                                                          3,873,623                   
  weighted-average number of shares outstanding                                                            86,184,390 86,020,770 85,927,896  80,193,623 73,493,993 73,449,444  73,173,913 73,054,440 72,922,796  60,958,387 60,368,062    
  cost of product and service revenues                                                               619,759.5 796,057 975,316 707,665 971,750 1,239,102 1,753,054 894,844       
  cost of revenues                                                                       2,178,261 3,606,186 3,340,875 1,765,983 3,614,958 3,142,867 

We provide you with 20 years income statements for Plug Power stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Plug Power stock. Explore the full financial landscape of Plug Power stock with our expertly curated income statements.

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