Every 10-Q that Plug Power Inc. (PLUG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PLUG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PLUG filings page.
Plug Power Inc. reported Q2 2026 net revenue of $178.3 million, slightly above Q2 2025, with a much smaller gross loss of $1.7 million versus $53.5 million a year earlier. Net loss attributable to Plug was $188.2 million (Q2 2025: $227.1 million), or $(0.14) per share.
For the first six months of 2026, revenue reached $341.8 million and net loss was $433.5 million. Operating cash outflow was $244.1 million, better than the prior-year $297.4 million, but the business remains significantly cash consumptive.
As of June 30, 2026, Plug held $161.9 million in cash and equivalents and total cash plus restricted cash of $671.5 million, working capital of $652.5 million, and an accumulated deficit of $8.7 billion. Management cites existing liquidity, expected cash releases, and flexibility under a $1.0 billion at-the-market program and a separate $1.0 billion Standby Equity Purchase Agreement as support for funding operations for at least 12 months. The company also realized a $37.0 million gain from resolving a contract dispute and recognized $39.7 million of recoveries on previously impaired assets, while continuing to record impairments tied to exiting certain material handling investments and idle assets.
Plug Power Inc. reported first-quarter 2026 results showing higher sales but wider losses. Net revenue reached $163.5M, up from $133.7M a year earlier, driven mainly by electrolyzer, hydrogen infrastructure and fuel sales. Gross loss improved to $21.6M from $73.9M as costs fell.
Net loss attributable to Plug Power widened to $245.3M (basic and diluted loss per share $0.18) from $196.7M (loss per share $0.21). Cash, cash equivalents and restricted cash totaled $802.0M, and working capital was $734.1M. The company continues to post negative operating cash flow but believes existing liquidity, plus at-the-market and standby equity facilities, will fund operations for at least 12 months.
Plug Power Inc. reported a wider Q3 2025 net loss of $363.5 million as higher costs and one‑time charges outweighed modest revenue growth. Net revenue was $177.1 million versus $173.7 million a year ago, driven by fuel and power purchase agreements. Gross loss reached $120.2 million, and operating loss was $348.8 million, reflecting impairments and restructuring.
The company recorded Q3 impairments across assets, including $50.0 million to property, plant and equipment, $28.1 million to contract assets, $11.4 million to prepaid capital expenditures, $6.9 million to operating lease ROU assets, and $1.1 million to finite‑lived intangibles. For the nine months, net loss was $789.1 million and cash used in operations was $387.2 million.
Liquidity actions included an at‑the‑market program—Q3 sales of 29.4 million shares at a weighted‑average $1.60 for gross proceeds of $47.2 million—with $944.1 million of capacity remaining as of September 30, 2025. In March, a registered direct deal provided net proceeds of $267.5 million, and a subsequent October warrant inducement brought $355.1 million. The company also issued $210.0 million initial and $52.5 million second‑tranche 15.00% secured debentures and received $29.5 million from warrant exercises. Shares outstanding were 1,391,427,242 as of November 5, 2025.
Plug Power Inc. reported a second quarter 2025 net loss of $228.7 million on net revenue of $173.97 million, improving from a $262.3 million loss a year earlier but still producing a gross loss of $53.5 million. Cash and cash equivalents totaled $140.7 million with total assets of $3.35 billion and an accumulated deficit of $7.02 billion. Inventory declined to $643.9 million and carries $134.6 million of excess and obsolete adjustments.
The company raised net proceeds of $267.5 million from a March registered direct offering and issued a $210.0 million 15.00% Secured Debenture (purchase price $199.5 million) in May, with an effective Q2 yield of 19.2% and a warrant issued to Yorkville. Management expects restructuring savings to begin in the second half of 2025 and states working capital, available restricted cash, equity facilities (ATM and SEPA) and the new debenture support operations for at least 12 months under stated assumptions.