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Midas Edge

PLUG POWER INC

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

PLUG$1.37-9.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Condensed Consolidated Statements of Stockholders’ Equity

(In thousands, except share amounts)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ ​ ​ · ​ ​ ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ ​ ​ · Accumulated · ​ ​ ​ · ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ · Total · ​ · ​ · ​ ​ ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · Other · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Plug Power · ​ · ​ · ​ · Total
​ · ​ · Common Stock · ​ · Paid-in · ​ · Comprehensive · ​ · Treasury Stock · ​ · Accumulated · ​ · Stockholders’ · ​ · Non-controlling · ​ · Stockholders’
​ · ​ ​ ​ · Shares · ​ ​ ​ · Amount · ​ ​ ​ · Capital · ​ ​ ​ · Income/(Loss) · ​ ​ ​ · Shares · ​ ​ ​ · Amount · ​ ​ ​ · Deficit · ​ ​ ​ · Equity · ​ ​ ​ · Interests · ​ ​ ​ · Equity
December 31, 20251,394,241,538​$13,943​$9,186,314​$6,796970,588​$(2,945)​$(8,226,039)​$978,069​$25,245​$1,003,314
Net loss​—​—​—​——​—​(245,304)​(245,304)​​(733)​​(246,037)
Other comprehensive loss​—​—​—​(3,354)—​—​—​​(3,354)​​—​​(3,354)
Stock-based compensation​1,432,765​14​13,924​——​—​—​13,938​​—​​13,938
Stock option exercises and issuance of common stock upon grant/vesting of restricted stock and restricted stock unit awards​(30,913)​—​90​——​—​—​90​​—​​90
Treasury stock acquired from employees upon exercise of stock options and vesting of restricted stock and restricted stock unit awards​—​​—​​—​​—​16,907​​(37)​​—​​(37)​​—​​(37)
Provision for common stock warrants​—​​—​​5,675​​—​—​​—​​—​​5,675​​—​​5,675
Additional paid-in capital due to contributions to consolidated VIE​—​​—​​733​​—​—​​—​​—​​733​​(733)​​—
Contributions by non-controlling interest​—​​—​​—​​—​—​​—​​—​​—​​300​​300
March 31, 20261,395,643,390​$13,957​$9,206,736​$3,442987,495​$(2,982)​$(8,471,343)​$749,810​$24,079​$773,889
Net loss​—​—​—​——​—​(188,207)​(188,207)​​(1,895)​​(190,102)
Other comprehensive loss​—​—​—​(992)—​—​—​​(992)​​—​​(992)
Stock-based compensation​676,325​7​14,291​——​—​—​14,298​​—​​14,298
Stock option exercises and issuance of common stock upon grant/vesting of restricted stock and restricted stock unit awards​1,604,332​16​1,530​——​—​—​1,546​​—​​1,546
Treasury stock acquired from employees upon exercise of stock options and vesting of restricted stock and restricted stock unit awards​—​​—​​—​​—​38,154​​(122)​​—​​(122)​​—​​(122)
Provision for common stock warrants​—​​—​​5,247​​—​—​​—​​—​​5,247​​—​​5,247
Additional paid-in capital due to contributions to consolidated VIE​—​​—​​173​​—​—​​—​​—​​173​​(173)​​—
Distributions to non-controlling interest​—​​—​​—​​—​—​​—​​—​​—​​(16,474)​​(16,474)
June 30, 20261,397,924,047​$13,980​$9,227,977​$2,4501,025,649​$(3,104)​$(8,659,550)​$581,753​$5,537​$587,290
Net income​—​—​—​——​—​99,766​99,766​​(729)​​99,037
Other comprehensive loss​—​—​—​(1,185)—​—​—​​(1,185)​​—​​(1,185)
Stock-based compensation​944,691​10​12,712​——​—​—​12,722​​—​​12,722
Stock option exercises and issuance of common stock upon grant/vesting of restricted stock and restricted stock unit awards​1,135,866​11​480​——​—​—​491​​—​​491
Treasury stock acquired from employees upon exercise of stock options and vesting of restricted stock and restricted stock unit awards​—​​—​​—​​—​703,502​​(1,479)​​—​​(1,479)​​—​​(1,479)
Provision for common stock warrants​—​​—​​14,505​​—​—​​—​​—​​14,505​​—​​14,505
Additional paid-in capital due to contributions to consolidated VIE​—​​—​​(677)​​—​—​​—​​—​​(677)​​677​​—
September 30, 20261,400,004,604​$14,001​$9,254,997​$1,2651,729,151​$(4,583)​$(8,559,784)​$705,896​$5,485​$711,381

Condensed Consolidated Statements of Stockholders’ Equity

(In thousands, except share amounts)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ ​ ​ · ​ ​ ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ ​ ​ · Accumulated · ​ ​ ​ · ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ ​ ​ · ​ ​ ​ · ​ · ​ · Total · ​ · ​ · ​ ​ ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · Other · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Plug Power · ​ · ​ · ​ · Total
​ · ​ · Common Stock · ​ · Paid-in · ​ · Comprehensive · ​ · Treasury Stock · ​ · Accumulated · ​ · Stockholders’ · ​ · Non-controlling · ​ · Stockholders’
​ · ​ ​ ​ · Shares · ​ ​ ​ · Amount · ​ ​ ​ · Capital · ​ ​ ​ · Income/(Loss) · ​ ​ ​ · Shares · ​ ​ ​ · Amount · ​ ​ ​ · Deficit · ​ ​ ​ · Equity · ​ ​ ​ · Interests · ​ ​ ​ · Equity
December 31, 2024934,126,897​$9,342​$8,430,537​$(2,502)20,230,043​$(108,795)​$(6,594,445)​$1,734,137​$73,619​$1,807,756
Net loss​—​—​—​——​—​(196,656)​(196,656)​​(203)​​(196,859)
Other comprehensive loss​—​—​—​(2,729)—​—​—​​(2,729)​​—​​(2,729)
Stock-based compensation​1,545,763​15​11,072​——​—​—​11,087​​—​​11,087
Public offerings, common stock, net of issuance costs​51,654,177​​517​​275,536​​—​—​​—​​—​​276,053​​—​​276,053
Stock option exercises and issuance of common stock upon grant/vesting of restricted stock and restricted stock unit awards​(157,005)​(2)​2​——​—​—​—​​—​​—
Treasury stock acquired from employees upon exercise of stock options and vesting of restricted stock and restricted stock unit awards​—​​—​​—​​—​27,027​​(49)​​—​​(49)​​—​​(49)
Provision for common stock warrants​—​​—​​7,049​​—​—​​—​​—​​7,049​​—​​7,049
Additional paid-in capital due to contributions to consolidated VIE​—​​—​​(1,971)​​—​—​​—​​—​​(1,971)​​1,971​​—
Principal payment of convertible debenture settled in common stock​10,440,906​​105​​30,174​​—​—​​—​​—​​30,279​​—​​30,279
March 31, 2025997,610,738​$9,977​$8,752,399​$(5,231)20,257,070​$(108,844)​$(6,791,101)​$1,857,200​$75,387​$1,932,587
Net loss​—​—​—​——​—​(227,099)​(227,099)​​(1,628)​​(228,727)
Other comprehensive income​—​—​—​8,709—​—​—​​8,709​​—​​8,709
Stock-based compensation​2,947,415​29​13,051​——​—​—​13,080​​—​​13,080
Warrants issued with 15.00% Secured Debenture​—​​—​​6,069​​—​—​​—​​—​​6,069​​—​​6,069
Stock option exercises and issuance of common stock upon grant/vesting of restricted stock and restricted stock unit awards​(133,820)​(1)​1​——​—​—​—​​—​​—
Treasury stock acquired from employees upon exercise of stock options and vesting of restricted stock and restricted stock unit awards​—​​—​​—​​—​172,896​​(158)​​—​​(158)​​—​​(158)
Provision for common stock warrants​—​​—​​9,164​​—​—​​—​​—​​9,164​​—​​9,164
Additional paid-in capital due to contributions to consolidated VIE​—​​—​​(6,044)​​—​—​​—​​—​​(6,044)​​6,044​​—
Contributions by non-controlling interest​—​​—​​—​​—​—​​—​​—​​—​​3,091​​3,091
Principal payment of convertible debenture settled in common stock​28,295,151​​283​​19,723​​—​—​​—​​—​​20,006​​—​​20,006
Exercises of pre-funded warrants​138,930,464​​1,389​​(1,250)​​—​—​​—​​—​​139​​—​​139
Expiration of common stock forward and retirement of related shares​(1,935,900)​​(19)​​(3,679)​​—​(1,935,900)​​3,698​​—​​—​​—​​—
June 30, 20251,165,714,048​$11,658​$8,789,434​$3,47818,494,066​$(105,304)​$(7,018,200)​$1,681,066​$82,894​$1,763,960
Net loss​—​—​—​——​—​(361,869)​(361,869)​​(1,636)​​(363,505)
Other comprehensive income​—​—​—​297—​—​—​​297​​—​​297
Stock-based compensation​1,476,235​15​12,222​——​—​—​12,237​​—​​12,237
Public offerings, common stock, net of issuance costs​29,419,352​​294​​46,007​​—​—​​—​​—​​46,301​​—​​46,301
Stock option exercises and issuance of common stock upon grant/vesting of restricted stock and restricted stock unit awards​1,218,959​12​(1)​——​—​—​11​​—​​11
Treasury stock acquired from employees upon exercise of stock options and vesting of restricted stock and restricted stock unit awards​—​​—​​—​​—​322,536​​(498)​​—​​(498)​​—​​(498)
Provision for common stock warrants​—​​—​​9,588​​—​—​​—​​—​​9,588​​—​​9,588
Adjustment to additional paid-in capital due to contributions to consolidated VIE​—​​—​​41​​—​—​​—​​—​​41​​(41)​​—
Contributions by non-controlling interest​—​​—​​—​​—​—​​—​​—​​—​​775​​775
Exercises of 15.00% Secured Debenture Warrant​21,500,000​​215​​29,240​​—​—​​—​​—​​29,455​​—​​29,455
September 30, 20251,219,328,594​$12,194​$8,886,531​$3,77518,816,602​$(105,802)​$(7,380,069)​$1,416,629​$81,992​$1,498,621
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.