PLUG POWER INCPLUG财报
Nasdaq · 信息技术 · 电气工业设备
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
PLUG 2025财年Q4 Key Financial Metrics
营收
$225.2M
毛利润
$5.5M
营业利润
$-763.2M
净利润
$-846.0M
毛利率
2.4%
营业利润率
-338.9%
净利率
-375.6%
同比增长
17.6%
EPS
$-0.70
PLUG POWER INC 2025财年Q4 财务摘要
PLUG POWER INC 2025财年Q4营收 $225.2M（同比增长 17.6%），净利润 $-846.0M（同比增长 36.7%）（净利率 -375.6%）。销售成本 $219.8M，运营费用 $768.6M。
核心财务指标
| 总营收 | $225.2M |
|---|---|
| 净利润 | $-846.0M |
| 毛利率 | 2.4% |
| 营业利润率 | -338.9% |
| 报告期 | 2025财年Q4 |
营收拆解
PLUG POWER INC 2025财年Q4营收 $225.2M 共来自 6 个业务板块，最大板块 Sales Of Equipment And Related Infrastructure 贡献 $111.6M（占 49.6%）。
| 业务分部 | 营收 | 占比 |
|---|---|---|
| Sales Of Equipment And Related Infrastructure | $111.6M | 49.6% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18.4% |
| Power Purchase Agreements | $36.1M | 16.0% |
| Sale Of Cryogenic Equipment | $20.0M | 8.9% |
| Sales Of Fuel Cell Systems | $11.2M | 5.0% |
| Other | $4.8M | 2.1% |
PLUG POWER INC 分部营收 — 季度趋势
PLUG POWER INC 过去 4 个季度各业务板块营收走势，展示 Sales Of Equipment And Related Infrastructure和Services Performed On Fuel Cell Systems And Related Infrastructure 等业务的变化。
| 业务分部 | 2025财年Q4 | 2025财年Q3 | 2025财年Q2 | 2025财年Q1 |
|---|---|---|---|---|
| Sales Of Equipment And Related Infrastructure | $111.6M | — | $99.2M | $63.5M |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | $19.7M | $16.4M | $16.9M |
| Power Purchase Agreements | $36.1M | $24.6M | $23.6M | $23.2M |
| Sale Of Cryogenic Equipment | $20.0M | $18.4M | — | — |
| Sales Of Fuel Cell Systems | $11.2M | $10.6M | — | — |
PLUG POWER INC 年度营收
PLUG POWER INC 历年营收汇总，含各年度总量（例如 2025 年营收为 $709.9M）
PLUG POWER INC 季度营收与净利润历史
PLUG POWER INC 最近 8 个季度的营收、净利润及同比增速
| 季度 | 营收 | 营收同比 | 净利润 | 净利率 |
|---|---|---|---|---|
| 2025财年Q4 | $225.2M | +17.6% | $-846.0M | -375.6% |
| 2025财年Q3 | $177.1M | +1.9% | $-361.9M | -204.4% |
| 2025财年Q2 | $174.0M | +21.4% | $-227.1M | -130.5% |
| 2025财年Q1 | $133.7M | +11.2% | $-196.7M | -147.1% |
| 2024财年Q4 | $191.5M | -13.8% | $-1.3B | -697.5% |
| 2024财年Q3 | $173.7M | -12.6% | $-211.2M | -121.5% |
| 2024财年Q2 | $143.3M | -44.9% | $-262.3M | -183.0% |
| 2024财年Q1 | $120.3M | -42.8% | $-295.8M | -245.9% |
利润表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 营收 | $120.3M | $143.3M | $173.7M | $191.5M | $133.7M | $174.0M | $177.1M | $225.2M |
| 同比增长 | -42.8% | -44.9% | -12.6% | -13.8% | 11.2% | 21.4% | 1.9% | 17.6% |
资产负债表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 总资产 | $4.85B | $4.78B | $4.72B | $3.60B | $3.63B | $3.35B | $3.10B | $2.59B |
| 总负债 | $1.92B | $1.79B | $1.70B | $1.80B | $1.70B | $1.59B | $1.61B | $1.59B |
| 股东权益 | $2.93B | $2.99B | $3.03B | $1.73B | $1.86B | $1.68B | $1.42B | $978.1M |
现金流量表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 经营性现金流 | $-167.7M | $-254.7M | $-174.9M | $-131.2M | $-105.6M | $-191.8M | $-89.8M | $-148.6M |