MARKETS / NASDAQ / PLUG
NASDAQ · ELECTRICAL INDUSTRIAL APPARATUS · LARGE CAP

Plug Power Inc. PLUG

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$709.9M
▲ 12.9% vs FY2024
EPS · FY25
$-1.42
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-120.3%
Net margin · FY25
-229.8%
Dividend coverage
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Result
USD 709.9M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.250.50.7510.7-1.62009201220152018202120242025
0.250.50.7510.7-1.62016201920222025

The company lost 230 cents on every revenue dollar this year.

Per share
USD -1.42
Diluted EPS, FY2025
EPS
0.40.81.2-1.422009201220152018202120242025
0.40.81.2-1.422016201920222025

The company pays no cash dividend.

Profitability
-120.3%
Return on equity, FY2025
ROE
0.250.50.751-120.3%2009201220152018202120242025
0.250.50.751-120.3%2016201920222025
Operating margin-206.7%
Net margin-229.8%
Return on assets-52.7%

Each USD of equity lost 120 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+0.4%
+21.3%
+27.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
0.020.592009201220152018202120242025
0.190.592016201920222025
Change, 5 years+75.1%
Change, 10 years

The share count grew 75% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 2.6B
total assets, end of FY2025
Total assetsUSD 2.6B
EquityUSD 978.1M
CashUSD 368.5M
Current ratio2.31×

Equity funds 38% of total assets.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.7
0.6
0.9
0.7
0.5
−0.1
0.2
0.2
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
Operating income $B
−1.5
−2.0
−1.3
−0.7
−0.4
−0.6
−0.0
−0.1
−0.1
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−1.4
−2.0
−1.3
−0.6
−0.4
−0.6
−0.0
−0.1
−0.1
−0.0
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
0.0
−0.0
−0.0
0.0
−0.0
−0.0
·
−0.0
·
−0.0
·
−0.0
−0.0
0.0
0.0
·
·
Net income $B
−1.6
−2.1
−1.4
−0.7
−0.5
−0.6
−0.1
−0.1
−0.1
−0.1
−0.1
−0.1
−0.1
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
−1.42
−2.68
−2.30
−1.25
−0.82
−1.68
−0.36
−0.39
−0.60
−0.32
−0.32
−0.56
−0.82
−0.93
−1.46
−3.58
−3.15
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−120.3
−90.9
−39.3
−16.7
−15.1
−74.7
−132.6
−256.9
−163.6
−54.8
−39.4
−126.0
·
−144.6
−76.3
−71.6
−46.1
Shares out B
·
·
·
0.59
0.58
0.46
0.30
0.22
0.23
0.19
0.18
0.17
0.11
0.04
0.02
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
61 of 61
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed