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Get filing alertsPlug Power posts preliminary Q3 revenue growth above 10% and record-low ~$28M net cash usage
Filed October 15, 2026 · Period ending October 15, 2026 · ~1 min read
Key Changes
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Net cash usage for Q3 2026 was approximately $28 million, a record low, with $134 million in unrestricted cash at quarter end.
Item 2.02 verify on EDGAR → -
medium
The company announced dates for its Q3 2026 earnings call and Plug Symposium 2026.
Item 2.02 verify on EDGAR → -
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Plug signed a 280 MW electrolyzer supply agreement with Arcadia eFuels and advanced other pipeline projects.
Exhibit 99.1 view on EDGAR →
Summary
Plug Power issued a business update with preliminary, unaudited Q3 2026 results. Net cash usage was about $28 million, a record low, and the company ended the quarter with roughly $134 million in cash and cash equivalents, excluding restricted cash.
No equity or debt capital was raised during the quarter. The update also highlighted electrolyzer pipeline progress, including a 280 MW supply agreement with Arcadia eFuels and other project developments. Plug announced the dates for its Q3 earnings call and Plug Symposium 2026, where management will discuss results and outlook. The figures are preliminary and have not been reviewed by the company's independent auditor, so they may change when final results are reported.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Plug Power issued a press release with preliminary Q3 2026 results including revenue growth, gross margin, net cash usage and unrestricted cash.
Added in current filing · verify on EDGAR →
On October 15, 2026, Plug Power Inc. (the “Company”) issued a press release providing a business update and certain preliminary, unaudited information regarding its results of operations and financial condition for the third quarter ended September 30, 2026, including information regarding revenue growth, gross margin, net cash usage and unrestricted cash.
The company disclosed preliminary, unaudited Q3 2026 financial information covering revenue growth, gross margin, net cash usage, and unrestricted cash. These figures are management estimates and have not been reviewed by the company's independent auditor, so they remain subject to change when final results are reported.
Added in current filing · verify on EDGAR →
The press release also announced the dates of the Company’s third quarter 2026 earnings call and Plug Symposium 2026.
The company announced the dates for its Q3 2026 earnings call and its Plug Symposium 2026 event. Investors can use these dates to hear management discuss the preliminary results and business outlook.
Event · Exhibit 99.1
Plug Power reports Q3 2026 progress: >10% revenue growth, record low ~$28M net cash usage, and sets earnings call and Symposium dates.
Added in current filing · view on EDGAR →
Plug ended Q3 2026 with approximately $134 million in cash and cash equivalents (excluding restricted cash).
Plug Power ended Q3 2026 with approximately $134 million in cash and cash equivalents, excluding restricted cash. The company did not raise any proceeds through its at-the-market offering program or other equity or debt capital raises during the quarter, so the net cash usage reflects operating results.
Added in current filing · view on EDGAR →
Arcadia eFuels: Signed a 280 MW GenEco electrolyzer supply agreement for Project ENDOR in Denmark, alongside a strategic cooperation agreement positioning Plug as the preferred supplier for more than 1 GW of potential e-SAF projects across Europe and the Americas.
Plug Power announced several electrolyzer pipeline developments, including a 280 MW supply agreement with Arcadia eFuels, a 275 MW FEED project with Hy2gen, a 50 MW order from Orica, and ongoing execution for Iberdrola and Galp projects. These developments reinforce Plug's approximately $8 billion global electrolyzer opportunity funnel.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 15, 2026 · How we verify