Short answer
PLUG POWER INC (PLUG) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $177M (up 1.9% year over year) with net income of −$362M.
Q3 2025 key financials · XBRL
- Revenue
- $177M
- +1.9% YoY · +1.8% QoQ
- Net income
- −$362M
- −71.4% YoY · −59.3% QoQ
- Operating margin
- -197.0%
- EPS (diluted)
- −$0.32
- −45.5% YoY · −60.0% QoQ
Source: XBRL data from the PLUG POWER INC (PLUG) Q3 2025 10-Q on SEC EDGAR. USD.
PLUG POWER INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
- Most impactful regulatory risk: DOE loan guarantee contingent on technical, legal, environmental, and financial milestones with ongoing covenants
- Operational risk: Reallocation of capital away from NY and TX projects may affect project timing, DOE approval, and future financing terms
- Financial risk: Suspension of DOE program risks loss of low-cost capital, increased cost of capital, and negative impact on liquidity and creditworthiness
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other PLUG POWER INC quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.