cash flow reconciliationreview2026-06-30
Operating, investing and financing flows differ from the reported change in cash by 69191000, beyond tolerance 1000000.
Revenue
$178.30M
Fiscal year ended 2026-06-30Operating income
-$64.11M
Fiscal year ended 2026-06-30Free cash flow
-$100.37M
Fiscal year ended 2026-06-30PLUG POWER INC (PLUG) reported revenue of $178.30M and net income of -$188.21M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from PLUG POWER INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electrical Industrial Apparatus.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $178.30M | $163.51M | $225.22M | $177.06M | $173.97M | $133.67M | $191.47M | $173.73M | $143.35M | $120.26M |
| Cost of revenue | $179.97M | $185.12M | $219.77M | $297.22M | $227.44M | $207.54M | $426.00M | $273.76M | $274.60M | $279.34M |
| Gross profit | -$1.68M | -$21.61M | $5.45M | -$120.16M | -$53.46M | -$73.86M | -$234.53M | -$100.02M | -$131.26M | -$159.08M |
| Operating income | -$64.11M | -$109.49M | -$763.19M | -$348.79M | -$176.95M | -$178.46M | -$1.30B | -$216.17M | -$244.67M | -$259.41M |
| Net income | -$188.21M | -$245.30M | -$845.97M | -$361.87M | -$227.10M | -$196.66M | -$1.34B | -$211.17M | -$262.33M | -$295.78M |
| Research & development | $13.42M | $12.11M | $12.29M | $16.12M | $12.19M | $17.36M | $13.29M | $19.71M | $18.94M | $25.28M |
| Weighted-average diluted shares | shares 1.39B | shares 1.39B | Unavailable | shares 1.16B | shares 1.13B | shares 945.77M | Unavailable | shares 858.44M | shares 736.85M | shares 641.26M |
| Pretax income | -$189.90M | -$246.00M | -$904.32M | -$363.41M | -$228.72M | -$196.86M | -$1.34B | -$211.07M | -$262.71M | -$295.61M |
| Income tax expense | $207.00K | $41.00K | $252.00K | $92.00K | $12.00K | $0 | -$2.57M | $95.00K | -$376.00K | $163.00K |
| Diluted EPS | $-0.14 | $-0.18 | Unavailable | $-0.31 | $-0.20 | $-0.21 | Unavailable | $-0.25 | $-0.36 | $-0.46 |
| Selling, general & administrative | $29.27M | $70.21M | $100.25M | $110.59M | $87.89M | $80.84M | $121.42M | $91.59M | $85.14M | $77.96M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $161.89M | $223.19M | $368.54M | $165.90M | $140.74M | $295.84M | $205.69M | $93.94M | $62.36M | $172.87M |
| Total assets | $2.19B | $2.37B | $2.59B | $3.10B | $3.35B | $3.63B | $3.60B | $4.72B | $4.78B | $4.85B |
| Current assets | $1.15B | $1.27B | $1.41B | $1.19B | $1.33B | $1.53B | $1.48B | $1.63B | $1.67B | $1.77B |
| Total liabilities | $1.61B | $1.59B | $1.59B | $1.61B | $1.59B | $1.70B | $1.80B | $1.70B | $1.79B | $1.92B |
| Current liabilities | $493.88M | $540.71M | $610.59M | $902.52M | $835.77M | $788.38M | $748.49M | $786.94M | $809.61M | $911.44M |
| Total equity incl. NCI | $587.29M | $773.89M | $1.00B | $1.50B | $1.76B | $1.93B | $1.81B | $3.03B | $2.99B | $2.93B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $493.44M | $516.15M | $520.97M | $555.09M | $643.93M | $693.47M | $682.64M | $885.76M | $939.53M | $975.90M |
| Accounts receivable | $125.86M | $106.51M | $134.76M | $124.03M | $138.74M | $144.95M | $157.24M | $167.22M | $189.86M | $148.82M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $3.90M | $3.70M | $3.80M |
| Accounts payable | $144.26M | $144.25M | $168.74M | $162.22M | $152.06M | $191.61M | $180.97M | $207.22M | $253.72M | $285.55M |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$94.06M | -$150.04M | -$148.64M | -$89.81M | -$191.81M | -$105.57M | -$131.24M | -$174.94M | -$254.74M | -$167.73M |
| Capital expenditures | $6.30M | $2.41M | $4.39M | $27.70M | $38.62M | $40.45M | $33.95M | $59.22M | $101.30M | $92.62M |
| Investing cash flow | $289.00K | -$8.48M | -$21.30M | -$30.39M | -$40.74M | -$46.57M | -$43.84M | -$89.87M | -$148.07M | -$120.58M |
| Financing cash flow | -$36.18M | -$31.74M | $316.87M | $87.02M | $32.83M | $193.23M | $204.00M | $252.42M | $243.69M | $283.06M |
| Net change in cash | -$61.30M | -$145.35M | $202.64M | $25.16M | -$155.11M | $90.15M | $111.75M | $31.58M | -$110.51M | $37.84M |
| Stock-based compensation | $12.95M | $13.94M | $14.14M | $12.24M | $13.08M | $11.09M | $18.08M | $24.11M | $26.31M | $13.70M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$100.37M | -$152.45M | -$153.03M | -$117.52M | -$230.43M | -$146.02M | -$165.19M | -$234.16M | -$356.04M | -$260.35M |
| Gross margin | -0.9% | -13.2% | 2.4% | -67.9% | -30.7% | -55.3% | -122.5% | -57.6% | -91.6% | -132.3% |
| Operating margin | -36.0% | -67.0% | -338.9% | -197.0% | -101.7% | -133.5% | -678.7% | -124.4% | -170.7% | -215.7% |
| FCF margin | -56.3% | -93.2% | -67.9% | -66.4% | -132.5% | -109.2% | -86.3% | -134.8% | -248.4% | -216.5% |
| SBC / revenue | 7.3% | 8.5% | 6.3% | 6.9% | 7.5% | 8.3% | 9.4% | 13.9% | 18.4% | 11.4% |
| Current ratio | 2.32x | 2.36x | 2.31x | 1.32x | 1.59x | 1.95x | 1.97x | 2.08x | 2.07x | 1.94x |
| Revenue YoY growth | 2.5% | 22.3% | 17.6% | 1.9% | 21.4% | 11.2% | -13.8% | -12.6% | -44.9% | -42.8% |
| Net margin | -105.6% | -150.0% | -375.6% | -204.4% | -130.5% | -147.1% | -697.5% | -121.5% | -183.0% | -245.9% |
| R&D / revenue | 7.5% | 7.4% | 5.5% | 9.1% | 7.0% | 13.0% | 6.9% | 11.3% | 13.2% | 21.0% |
| CapEx / revenue | 3.5% | 1.5% | 1.9% | 15.6% | 22.2% | 30.3% | 17.7% | 34.1% | 70.7% | 77.0% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PLUG in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-11View SEC filing
10-K · Filed 2026-03-02View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-12View SEC filing
Reconciliation checks needing review
15 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2026-03-31
Operating, investing and financing flows differ from the reported change in cash by 46619000, beyond tolerance 1500410.00.
cash flow reconciliationreview2025-12-31
Operating, investing and financing flows differ from the reported change in cash by 57683000, beyond tolerance 3168690.00.
cash flow reconciliationreview2025-09-30
Operating, investing and financing flows differ from the reported change in cash by 52938000, beyond tolerance 1000000.
cash flow reconciliationreview2025-06-30
Operating, investing and financing flows differ from the reported change in cash by 44702000, beyond tolerance 1918100.00.
cash flow reconciliationreview2025-03-31
Operating, investing and financing flows differ from the reported change in cash by 54249000, beyond tolerance 1932320.00.
cash flow reconciliationreview2024-12-31
Operating, investing and financing flows differ from the reported change in cash by 71239000, beyond tolerance 2039950.00.
cash flow reconciliationreview2024-09-30
Operating, investing and financing flows differ from the reported change in cash by 50292000, beyond tolerance 2524240.00.
cash flow reconciliationreview2024-06-30
Operating, investing and financing flows differ from the reported change in cash by 38664000, beyond tolerance 2547380.00.
cash flow reconciliationreview2024-03-31
Operating, investing and financing flows differ from the reported change in cash by 38900000, beyond tolerance 2830650.00.
cash flow reconciliationreview2023-12-31
Operating, investing and financing flows differ from the reported change in cash by 17570000, beyond tolerance 2675640.00.
cash flow reconciliationreview2023-09-30
Operating, investing and financing flows differ from the reported change in cash by 77774000, beyond tolerance 2389080.00.