Plug Power annual operating expenses
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Plug Power Operating Expenses Growth & History (PLUG)
Plug Power's operating expenses was $1.23B for fiscal 2025.
View full Plug Power company overviewPlug Power annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.23B | −$169.6M | −12.16% |
| 2024 | 2024-12-31 | $1.39B | $559.2M | +66.91% |
| 2023 | 2023-12-31 | $835.7M | $350.5M | +72.25% |
| 2022 | 2022-12-31 | $485.2M | $219.2M | +82.39% |
| 2021 | 2021-12-31 | $266.0M | $151.2M | +131.75% |
| 2020 | 2020-12-31 | $114.8M | $56.5M | +97.02% |
| 2019 | 2019-12-31 | $58.3M | $7.8M | +15.52% |
| 2018 | 2018-12-31 | $50.4M | −$23.3M | −31.57% |
| 2017 | 2017-12-31 | $73.7M | $18.2M | +32.88% |
| 2016 | 2016-12-31 | $55.5M | $6.4M | +12.94% |
| 2015 | 2015-12-31 | $49.1M | $16.0M | +48.51% |
| 2014 | 2014-12-31 | $33.1M | $15.4M | +86.66% |
| 2013 | 2013-12-31 | $17.7M | −$7.4M | −29.48% |
| 2012 | 2012-12-31 | $25.1M | −$3.0M | −10.54% |
| 2011 | 2011-12-31 | $28.1M | −$15.8M | −36.01% |
| 2010 | 2010-12-31 | $43.9M | −$2.4M | −5.24% |
| 2009 | 2009-12-31 | $46.3M | — | — |
Plug Power quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $62.4M | −$61.0M | −49.44% |
| Q1 2026 | 2026-03-31 | $87.9M | −$16.7M | −15.98% |
| Q4 2025 | 2025-12-31 | $768.6M | −$296.4M | −27.83% |
| Q3 2025 | 2025-09-30 | $228.6M | $112.5M | +96.85% |
| Q2 2025 | 2025-06-30 | $123.5M | $10.1M | +8.87% |
| Q1 2025 | 2025-03-31 | $104.6M | $4.3M | +4.25% |
| Q4 2024 | 2024-12-31 | $1.07B | $661.4M | +163.87% |
| Q3 2024 | 2024-09-30 | $116.1M | −$19.9M | −14.60% |
| Q2 2024 | 2024-06-30 | $113.4M | −$42.3M | −27.16% |
| Q1 2024 | 2024-03-31 | $100.3M | −$40.1M | −28.54% |
| Q4 2023 | 2023-12-31 | $403.6M | $250.4M | +163.37% |
| Q3 2023 | 2023-09-30 | $136.0M | $22.3M | +19.64% |
| Q2 2023 | 2023-06-30 | $155.7M | $41.3M | +36.05% |
| Q1 2023 | 2023-03-31 | $140.4M | $36.6M | +35.25% |
| Q4 2022 | 2022-12-31 | $153.3M | $40.3M | +35.65% |
| Q3 2022 | 2022-09-30 | $113.7M | $46.1M | +68.21% |
| Q2 2022 | 2022-06-30 | $114.4M | $65.1M | +131.95% |
| Q1 2022 | 2022-03-31 | $103.8M | $67.7M | +187.48% |
| Q4 2021 | 2021-12-31 | $113.0M | $66.3M | +142.13% |
| Q3 2021 | 2021-09-30 | $67.6M | $41.9M | +162.71% |
| Q2 2021 | 2021-06-30 | $49.3M | $22.8M | +86.07% |
| Q1 2021 | 2021-03-31 | $36.1M | $20.2M | +127.36% |
| Q4 2020 | 2020-12-31 | $46.7M | $31.8M | +214.10% |
| Q3 2020 | 2020-09-30 | $25.7M | $11.8M | +84.31% |
| Q2 2020 | 2020-06-30 | $26.5M | $9.3M | +53.98% |
| Q1 2020 | 2020-03-31 | $15.9M | $3.7M | +29.90% |
| Q4 2019 | 2019-12-31 | $14.9M | −$2.6M | −14.75% |
| Q3 2019 | 2019-09-30 | $14.0M | −$3.1M | −18.15% |
| Q2 2019 | 2019-06-30 | $17.2M | −$3.4M | −16.68% |
| Q1 2019 | 2019-03-31 | $12.2M | −$4.7M | −27.89% |
| Q4 2018 | 2018-12-31 | $17.4M | $366,000 | +2.15% |
| Q3 2018 | 2018-09-30 | $17.1M | $83,000 | +0.49% |
| Q2 2018 | 2018-06-30 | $20.7M | −$3.9M | −15.74% |
| Q1 2018 | 2018-03-31 | $17.0M | $1.8M | +11.98% |
| Q4 2017 | 2017-12-31 | $17.1M | $2.1M | +14.13% |
| Q3 2017 | 2017-09-30 | $17.0M | $3.3M | +24.45% |
| Q2 2017 | 2017-06-30 | $24.5M | $10.8M | +78.26% |
| Q1 2017 | 2017-03-31 | $15.1M | $2.0M | +15.42% |
| Q4 2016 | 2016-12-31 | $14.9M | $245,000 | +1.67% |
| Q3 2016 | 2016-09-30 | $13.6M | $1.3M | +10.58% |
| Q2 2016 | 2016-06-30 | $13.8M | $2.3M | +20.42% |
| Q1 2016 | 2016-03-31 | $13.1M | $2.5M | +23.19% |
| Q4 2015 | 2015-12-31 | $14.7M | $3.1M | +27.21% |
| Q3 2015 | 2015-09-30 | $12.3M | $2.7M | +28.42% |
| Q2 2015 | 2015-06-30 | $11.4M | $4.6M | +67.13% |
| Q1 2015 | 2015-03-31 | $10.7M | $5.6M | +109.98% |
| Q4 2014 | 2014-12-31 | $11.6M | $8.6M | +293.67% |
| Q3 2014 | 2014-09-30 | $9.6M | $4.8M | +99.42% |
| Q2 2014 | 2014-06-30 | $6.8M | $1.7M | +33.01% |
| Q1 2014 | 2014-03-31 | $5.1M | $246,415 | +5.11% |
| Q4 2013 | 2013-12-31 | $2.9M | −$3.4M | −53.84% |
| Q3 2013 | 2013-09-30 | $4.8M | −$892,444 | −15.64% |
| Q2 2013 | 2013-06-30 | $5.1M | −$1.4M | −21.52% |
| Q1 2013 | 2013-03-31 | $4.8M | −$1.7M | −25.82% |
| Q4 2012 | 2012-12-31 | $6.4M | −$437,786 | −6.44% |
| Q3 2012 | 2012-09-30 | $5.7M | −$983,950 | −14.70% |
| Q2 2012 | 2012-06-30 | $6.5M | −$1.5M | −18.65% |
| Q1 2012 | 2012-03-31 | $6.5M | −$37,912 | −0.58% |
| Q4 2011 | 2011-12-31 | $6.8M | — | — |
| Q3 2011 | 2011-09-30 | $6.7M | −$1.1M | −14.30% |
| Q2 2011 | 2011-06-30 | $8.1M | −$9.1M | −53.11% |
| Q1 2011 | 2011-03-31 | $6.5M | — | — |
| Q3 2010 | 2010-09-30 | $7.8M | — | — |
| Q2 2010 | 2010-06-30 | $17.2M | — | — |
Plug Power operating expenses trends
Over the last five fiscal years, Plug Power's operating expenses increased from $114.8M to $1.23B, a change of $1.11B. The latest reported quarter, Q2 2026, shows $62.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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