What are PLUG's business segments?

Plug Power Inc. (PLUG) reports revenue by product line and geographic region in its 10-K segment disclosures. The composition lists on this page show the most recent breakdown; the expanded table view shows the multi-year transposed history.

Which segment generates the most revenue for PLUG?

Plug Power Inc.'s largest reported segment is Sale Of Electrolyzers, at $187.8 million in revenue for fiscal year 2025 (ended December 31, 2025). It sits at the top of the composition list on this page. Segment mix can shift materially year over year, especially after acquisitions, divestitures, or new-product launches — the expand-modal view shows the full trajectory.

How current is PLUG's segment data?

Plug Power Inc. (PLUG)'s segment breakdown on this page is from its most recent annual filing, fiscal year 2025 (ended December 31, 2025). Segment disclosures are reported annually in the 10-K and refresh within 48 hours of each filing.

PLUG

Plug Power Inc.

NASDAQ·Electrical Equipment & Parts · Industrials

$2.27$0.14+6.57%

Pre-market·$2.27+0.00%

Market cap$2.60B·Market closed·Jul 21 8:00 PM UTC

Frequently Asked Questions About PLUG

What are PLUG's business segments?: Plug Power Inc. (PLUG) reports revenue by product line and geographic region in its 10-K segment disclosures. The composition lists on this page show the most recent breakdown; the expanded table view shows the multi-year transposed history.
Which segment generates the most revenue for PLUG?: Plug Power Inc.'s largest reported segment is Sale Of Electrolyzers, at $187.8 million in revenue for fiscal year 2025 (ended December 31, 2025). It sits at the top of the composition list on this page. Segment mix can shift materially year over year, especially after acquisitions, divestitures, or new-product launches — the expand-modal view shows the full trajectory.
How current is PLUG's segment data?: Plug Power Inc. (PLUG)'s segment breakdown on this page is from its most recent annual filing, fiscal year 2025 (ended December 31, 2025). Segment disclosures are reported annually in the 10-K and refresh within 48 hours of each filing.

PLUG

Plug Power Inc.

NASDAQ·Electrical Equipment & Parts · Industrials

$2.27$0.14+6.57%

Pre-market·$2.27+0.00%

Market cap$2.60B·Market closed·Jul 21 8:00 PM UTC

By Product

Latest period2025

Segment	Revenue	Share	YoY Growth %
Sale Of Electrolyzers	$187.78M	26.5%	+38.6%
Fuel Delivered To Customers	$133.41M	18.8%	+36.3%
Power Purchase Agreements	$107.57M	15.2%	+38.2%
Sale of cryogenic equipment	$95.69M	13.5%	−14.2%
Services Performed On Fuel Cell Systems And Related Infrastructure	$94.46M	13.3%	+81.1%
Sales Of Fuel Cell Systems	$54.01M	7.6%	—
Sale Of Hydrogen Infrastructure	$26.75M	3.8%	−61.3%
Sale Of Engineered Equipment	$6.85M	1.0%	−69.0%
Other	$3.39M	0.5%	−67.9%

By Geography

Latest period2025

Segment	Revenue	Share	YoY Growth %
UNITED STATES	$535.94M	75.5%	+25.2%
Non-US	$173.98M	24.5%	−13.3%

Frequently Asked Questions About PLUG

What are PLUG's business segments?: Plug Power Inc. (PLUG) reports revenue by product line and geographic region in its 10-K segment disclosures. The composition lists on this page show the most recent breakdown; the expanded table view shows the multi-year transposed history.
Which segment generates the most revenue for PLUG?: Plug Power Inc.'s largest reported segment is Sale Of Electrolyzers, at $187.8 million in revenue for fiscal year 2025 (ended December 31, 2025). It sits at the top of the composition list on this page. Segment mix can shift materially year over year, especially after acquisitions, divestitures, or new-product launches — the expand-modal view shows the full trajectory.
How current is PLUG's segment data?: Plug Power Inc. (PLUG)'s segment breakdown on this page is from its most recent annual filing, fiscal year 2025 (ended December 31, 2025). Segment disclosures are reported annually in the 10-K and refresh within 48 hours of each filing.