
• Reported GAAP EPS of -$0.69 up 58.18% YoY • Reported revenue of $225.22M up 17.63% YoY • Plug Power aims for positive EBITDAS in Q4 2026, positive operating income by end of 2027, and full profitability by end of 2028, while substantially growing the company.
Bullish
Plug Power achieved strong revenue growth and positive gross margins in Q4 2025, driven by operational efficiencies and record electrolyzer revenue with significant global deployments.
Bearish
Plug Power reported a substantial net loss and significant asset impairments in 2025, alongside considerable cash usage in operations and a notable decrease in total stockholders' equity.