PLUG POWER INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $709.9M | $628.8M | $891.3M | $701.4M | $502.3M | $-93.2M | $230.0M | $174.2M |
| Cost of Revenue | $952.0M | $1.25B | $1.40B | $895.8M | $673.7M | $376.2M | $219.3M | $200.2M |
| Gross Profit | $-242.0M | $-624.9M | $-507.8M | $-194.4M | $-171.3M | $-469.4M | $10.6M | $-26.0M |
| Gross Margin | -34.1% | -99.4% | -57.0% | -27.7% | -34.1% | 503.5% | 4.6% | -14.9% |
| Operating Expenses | ||||||||
| Research & Development | $58.0M | $77.2M | $113.7M | $99.6M | $64.8M | $27.8M | $15.1M | $12.8M |
| SG&A Expense | $379.6M | $376.1M | $422.5M | $363.9M | $179.9M | $79.3M | $43.2M | $37.7M |
| Operating Income | $-1.47B | $-2.02B | $-1.34B | $-679.6M | $-437.3M | $-584.2M | $-47.6M | $-76.4M |
| Operating Margin | -206.7% | -321.2% | -150.7% | -96.9% | -87.1% | 626.6% | -20.7% | -43.9% |
| Interest Expense | $65.1M | $46.6M | $45.2M | $39.0M | $43.2M | $60.5M | $37.0M | — |
| Pretax Income | $-1.69B | $-2.11B | $-1.38B | $-723.2M | $-476.2M | $-627.0M | $-83.7M | $-94.9M |
| Income Tax Expense | $356.0K | $-2.7M | $-7.4M | $839.0K | $-16.2M | $-30.8M | — | $-9.3M |
| Net Income | $-1.63B | $-2.10B | $-1.37B | $-724.0M | $-460.0M | $-596.2M | $-83.7M | $-85.6M |
| Net Margin | -229.8% | -334.7% | -153.6% | -103.2% | -91.6% | 639.4% | -36.4% | -49.1% |
| EPS (Basic) | $-1.42 | $-2.68 | $-2.30 | $-1.25 | $-0.82 | $-1.68 | $-0.36 | $-0.39 |
| EPS (Diluted) | $-1.42 | $-2.68 | $-2.30 | $-1.25 | $-0.82 | $-1.68 | $-0.36 | $-0.39 |
| Shares Outstanding (Basic) | 1.15B | 785.0M | 595.5M | 579.7M | 558.2M | 354.8M | 237.2M | 218.9M |
| Shares Outstanding (Diluted) | 1.15B | 785.0M | 595.5M | 579.7M | 558.2M | 354.8M | 237.2M | 218.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |