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Income Statement (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Revenue | 174M | 30.1% |
| Gross Profit | -53M | 27.6% |
| Cost of Revenue | 227M | 9.6% |
| Operating expense | 123M | 18.1% |
| Net Income | -227M | 15.5% |
| EBITDA | -177M | 0.8% |
Balance Sheet (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Total Assets | 3.35B | 7.7% |
| Total Liabilities | 1.59B | 6.5% |
| Total Equity | 1.68B | 9.5% |
| Shares Outstanding | 1.13B | 19.1% |
Cash Flow (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Cash from operations | -192M | 81.7% |
| Cash from investing | -41M | 12.5% |
| Cash from financing | 33M | 83% |
EPS
Financial Highlights for Plug Power in Q2 '25
Plug Power reported a revenue of 174M, which is a 30.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -53M, marking a 27.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 227M, a 9.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 123M, showing a 18.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -227M, showing a -15.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -177M, showing a 0.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Plug Power faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
