Companies: 10,795·Total market cap: $144.5T

Plug Power Inc.

Plug Power Inc.

PLUGNASDAQIndustrials● Active

$3.19

$-0.03(-0.78%)

Market Cap$3.7B

P/E Ratio—

52W High$4.58

52W Low$0.86

Avg Volume78.4M

Open$3.32

Beta2.12

Plug Power Inc. (PLUG) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

PLUG · net income · updated Jun 8, 2026

Core profitability metrics

PLUG · net income · margin · TTM · CAGR

Net income was −$1.63B for FY2025 (fiscal year ending 2025-12-31), up 22.5% year-over-year. Net profit margin was -229.8%.

FY2025 Net Income−$1.63B▲ +22.5% YoY

Trailing 12M (TTM)−$1.68Btrailing 4 quarters sum

Net Profit Margin-229.8%−$1.63B ÷ $709.9M

YoY Change+22.5%—

5-Year CAGRN/AN/A — contains loss years

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %

▸ FMP /income-statement · Annual · PLUG net income history · PLUG profit margin

Annual net income data

PLUG · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025Loss−$1.63B▲ +22.5%-229.8%$709.9M

FY2024Loss−$2.10B▼ 53.8%-334.7%$628.8M

FY2023Loss−$1.37B▼ 89.1%-153.6%$891.3M

FY2022Loss−$724.0M▼ 57.4%-103.2%$701.4M

FY2021Loss−$460.0M▲ +22.8%-91.6%$502.3M

Net income vs peers (Industrials)

PLUG vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

#1

Plug Power Inc.YOU

PLUG

−$1.63B+22.5%-229.8%

Loss

Caterpillar Inc.

$8.87B-17.8%13.1%

$8.70B+32.8%19.0%

RTX Corporation

$6.73B+41.0%7.6%

The Boeing Company

$2.23B+118.9%2.5%

Space Exploration Technologies Corp.

−$4.94B-724.1%-26.4%

Industrials · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Plug Power Inc. (PLUG) reported net income of −$1.63B for FY2025 (fiscal year ending 2025-12-31), up 22.5% year-over-year. The net profit margin was -229.8% — meaning the company kept $-2.30 of every dollar of revenue as profit.

Plug Power Inc. has not yet achieved annual profitability based on available data (15 fiscal years). The company has reported net losses across all available periods.

Plug Power Inc.'s net profit margin was -229.8% for FY2025, based on the latest annual results.

Investors sometimes search for "Plug Power Inc. net worth" — the company's market capitalization is a separate figure from PLUG net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

PLUG net income · 4 questions

Plug Power Inc. is not currently profitable on an annual basis. The company reported a net loss of $1.63B for FY2025.

is PLUG profitabledoes PLUG make a profitPLUG profitabilityPLUG profitable company

▸ Source: FMP /income-statement · GAAP · Plug Power Inc. · Plug Power Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026