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Operating Expense Breakdown
Details core costs such as R&D, marketing, and administrative expenses, providing insight into how Plug Power manages its resources and where it focuses its spending to drive growth and innovation.Plug’s cost profile has shifted from rising R&D/SG&A through 2022–23 to deliberate cost reduction in 2024–25 (Project Quantum Leap and tighter spending), but headline volatility is now driven by massive, lumpy impairments and contingent‑consideration adjustments. Management’s disclosure of large non‑cash charges and ongoing asset monetizations explains the swings and means reported losses overstate operating progress; investors should track adjusted Opex and margin trajectories (not headline one‑offs) to judge the company’s path to the Q4 2026 EBITDAS target and lingering near‑term cash sensitivity.
Date | Research and Development | Selling, General, and Administrative | Impairment | Change in Value of Contingent Consideration |
|---|---|---|---|---|
Jun 30, 2026 | $13.42M | $29.27M | $19.36M | $197.00K |
Mar 31, 2026 | $12.11M | $70.21M | $3.86M | $280.00K |
Dec 31, 2025 | $12.29M | $100.25M | $666.26M | -$10.37M |
Sep 30, 2025 | $16.12M | $110.59M | $97.52M | -$1.13M |
Jun 30, 2025 | $12.19M | $87.89M | $20.60M | -$168.00K |
Mar 31, 2025 | $17.36M | $80.84M | $1.06M | -$11.82M |
Dec 31, 2024 | $13.29M | $121.42M | $940.91M | -$10.56M |
Sep 30, 2024 | $19.71M | $91.59M | $4.18M | $146.00K |
Jun 30, 2024 | $18.94M | $85.14M | $3.94M | $3.77M |
Mar 31, 2024 | $25.28M | $77.96M | $284.00K | -$9.20M |