PLUG PLUG POWER INC

Q3 2025 10-Q
Filed: Nov 10, 2025Period ending Sep 30, 2025
Information Technology
Electrical Industrial ApparatusSEC EDGAR

PLUG POWER INC (PLUG) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 10, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Risk Factors

  • Newly added risk: Suspension of DOE loan program activities in Nov 2025 could delay funding and trigger termination or modification of DOE guarantee
  • Most materially updated risk: Potential DOE termination of $multi-draw loan guarantee if conditions, milestones not met due to project suspension
+3 more insights

Quarterly Financial Summary
XBRL

Revenue

$177M

+1.9% YoY +1.8% QoQ

Net Income

-$362M

-71.4% YoY -59.3% QoQ

Operating Margin

-197.0%

-7257bp YoY -9528bp QoQ

Net Margin

-204.4%

-8283bp YoY -7384bp QoQ

ROE

-25.5%

Total Assets

$3.1B

EPS (Diluted)

$-0.32

-45.5% YoY -60.0% QoQ

Operating Cash Flow

-$90M

+48.7% YoY +53.2% QoQ

Source: XBRL data from PLUG POWER INC Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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