{
  "url": "https://struct.news/briefs/plugs-gross-margin-nearly-broke-even-but-revenue-barely-grew-and-dilution-jumped-235",
  "title": "Plug’s gross margin nearly broke even, but revenue barely grew and dilution jumped 23.5%",
  "summary": "A $1.7 million gross loss replaced a $53.5 million one as Plug cut labor and overhead, not as sales took off.",
  "published_at": "2026-08-10T21:10:16.298422+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Plug Power Inc.",
    "ticker": "PLUG",
    "cik": "1104659",
    "sector": "Industrials",
    "industry": "Electrical Equipment & Parts"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-10",
    "accession": "0001104659-26-093454",
    "url": "https://www.sec.gov/Archives/edgar/data/1093691/000110465926093454/plug-20260630x10q.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1093691/000155837025011072/plug-20250630x10q.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 709919000,
      "display": "$709.9M",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-093454",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 12.898090691365006,
      "display": "+12.9%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-093454",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": -206.69752464717806,
      "display": "-206.7%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-093454",
        "filing_date": "2026-08-10"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Interest expense increased because of the 6.75% Convertible Senior Notes issued in the fourth quarter of 2025.",
      "importance": "medium",
      "evidence": "The increase was primarily due to interest expense incurred related to the 6.75% Convertible Senior Notes, which were issued during the fourth quarter of 2025.",
      "source_date": "2026-08-10"
    },
    {
      "type": "pricing",
      "statement": "Improved pricing helped reduce the six-month gross loss in the PPA business; compare whether that contribution is repeated or reverses.",
      "importance": "medium",
      "evidence": "The decrease in gross loss was primarily due to improved pricing and the reduction in cost described above.",
      "source_date": "2026-08-10"
    }
  ],
  "related_tickers": [
    "PLUG"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}