---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-022247"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:31:06.906653+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plug Power reports Q4 revenue $225M, positive gross margin; appoints Jose Luis Crespo as CEO

## Summary
- Full year 2025 revenue ~$710M (+12.9% YoY); Q4 revenue $225.2M (+17.6% YoY, +27.2% QoQ).
- Q4 GAAP gross margin turned positive at 2.4%, versus -122.5% in Q4 2024.
- GAAP EPS ($0.63); adjusted EPS ($0.06), improving from ($0.29) a year ago.
- Recorded ~$763M in non-cash asset impairment and capital transaction charges in Q4.
- Jose Luis Crespo named CEO effective March 2, 2026; targets positive EBITDAS in Q4 2026.

## SEC filing metadata
- accession: 0001104659-26-022247
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465926022247/0001104659-26-022247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465926022247/tm267677d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-022247
- JSON: https://secwatch.observer/filing/0001104659-26-022247.json
- Plain text: https://secwatch.observer/filing/0001104659-26-022247.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.