← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
PLUG POWER INC: Revenue grew 12.9% to $710M from $629M. Net loss narrowed to $1.632B from $2.105B. Free-cash outflow narrowed to $647M from $1.016B. Operating margin expanded 11451 bps to -206.70%. PLUG POWER INC's annual comparison also shows the balance-sheet screen falls in the distress range and requires business-model context.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 12.9% to $710M from $629MOK
- Profitability — Net loss narrowed to $1.632B from $2.105BOK
- Cash flow — Free-cash outflow narrowed to $647M from $1.016BOK
- Margins — Operating margin expanded 11451 bps to -206.70%OK
- Accounting — Distress-range screen needs contextWatch
- Insiders — 1 purchase and 6 salesOK
Business
We are focusing our efforts on (a) industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution 8 sites where we believe our products and services provide a unique combination of productivity, flexibility, and environmental benefits; and (b) production of hydrogen.
Where the revenue comes from
Fiscal 2025, as PLUG POWER INC reports it. History and quarterly detail are in the app.
- Sales Of Equipment And Related Infrastructure$371.1M
- Sale Of Electrolyzers$187.8M
- Fuel Delivered To Customers And Related Equipment$133.4M
- Power Purchase Agreements$107.6M
- Sale Of Cryogenic Equipment$95.7M
Leadership changes
From PLUG POWER INC's own filings, the day they're filed.
- Jose Luis Crespo · director · appointmenteff. 2026-03-04
- Jose Luis Crespo · President · appointmenteff. 2025-10-10
- George McNamee · Director · appointmenteff. 2025-10-10
Latest filings
- 10-Q · Quarterly report2026-08-10
- 8-K · Company announcement2026-08-10
- 8-K · Company announcement2026-07-13
- 8-K · Company announcement2026-06-15
- 8-K · Company announcement2026-06-11
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about PLUG POWER INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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