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AI brief of an SEC Form 8-K · PLUG POWER INC (PLUG)

Plug Power Q3 revenue rises 13% to $201 million; GAAP profit driven by non-cash gains

Positive Impact 3 of 5 earnings

Plug Power reported third-quarter 2026 revenue of about $201 million, up about 13% from a year earlier, with a narrower gross loss and operating loss. GAAP net income was positive, but the company says it was mainly driven by non-cash mark-to-market gains, and the company reiterated its 2026 revenue growth guidance of 15% to 16% and its target of positive EBITDAS in Q4 2026.

Key points

  • Q3 2026 net revenue was $200.6 million, compared with $177.1 million in Q3 2025.
  • Gross loss narrowed to $5.4 million from $120.2 million; operating loss narrowed to $75.3 million from $348.8 million.
  • Net income attributable to Plug Power was $99.8 million, or $0.07 basic EPS, versus a loss of $0.31 per share, driven mainly by about $192 million in non-cash gains.
  • Net cash usage was about $28 million, down from about $61 million in Q2 2026; cash and cash equivalents excluding restricted cash were $134.1 million at September 30, 2026.

The filing

CompanyPLUG POWER INC (PLUG)
Form8-K, current report
Filed with the SECNov 9, 2026, 4:07 PM ET
Accession number0001104659-26-124487

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 6:16 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.