Filing Flows › Plug Power (PLUG) › R&D spending
Plug Power (PLUG) R&D spending by quarter
Plug Power's R&D spending was $13.4M in Q2 2026 (second quarter 2026), +11% from Q1 2026. Over the last 7 quarters it ranged from $12.1M (Q1 2026) to $17.4M (Q1 2025).
| Quarter | R&D spending | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | $13.4M | +11% | +10% |
| Q1 2026 | $12.1M | -1% | -30% |
| Q4 2025 | $12.3M | -24% | -8% |
| Q3 2025 | $16.1M | +32% | — |
| Q2 2025 | $12.2M | -30% | — |
| Q1 2025 | $17.4M | +31% | — |
| Q4 2024 | $13.3M | — | — |
Q2 2026 at a glance
Plug Power, Q2 2026: revenue $178M (+2% year over year), operating margin -36.0%, net loss $190M, operating cash flow −$94.1M. The chart follows the revenue to costs, profit and cash.
Questions
What is Plug Power's R&D spending?
Plug Power's R&D spending was $13.4M in Q2 2026 (second quarter 2026), +11% from Q1 2026.
How has Plug Power's R&D spending changed?
Over the last 7 quarters it ranged from $12.1M (Q1 2026) to $17.4M (Q1 2025).