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bzlegendz

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bzlegendz

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Monday, 03/02/2026 4:05:33 PM

Monday, March 02, 2026 4:05:33 PM

Post# of 62466
Plug Power Q4 & Full-Year 2025 Highlights (March 2, 2026)
• Revenue: ~$710M full year (+12.9% YoY); Q4 $225.2M (+17.6% YoY, +27.2% QoQ)
• Gross Margin Breakthrough: Positive $5.5M gross profit in Q4 (2.4% margin) vs. -122.5% loss in Q4 2024
• Material Handling Services: Now sustainably profitable
• Cash & Liquidity: $368.5M unrestricted cash; >$275M expected from data-center asset sales in 2026; improved cash burn (-26.5% YoY)
• Electrolyzers: Record $187M revenue in 2025; ~$8B global sales funnel; >300 MW shipped across 6 continents
• Leadership: Jose Luis Crespo named CEO effective March 2, 2026
• Outlook Targets:
• Positive EBITDAS in Q4 2026
• Positive operating income by end-2027
• Full profitability by end-2028
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