Segment and Geographic Area Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment and Geographic Area Reporting

Schedule of reported segment revenue, significant segment expenses and segment measure of profit/(loss)

The following table presents reported segment revenue, significant segment expenses, other segment items and segment measure of profit/(loss):

	Three months ended
	March 31, 2025		March 31, 2024
Total net revenue	$	133,674	$	120,264
Cost of revenue:
Sales of equipment, related infrastructure and other	$	(74,556)	$	(135,125)
Services performed on fuel cell systems and related infrastructure		(14,462)		(12,957)
Provision for loss contracts related to service		(8,888)		(15,745)
Power purchase agreements		(49,932)		(55,228)
Fuel delivered to customers and related equipment		(59,354)		(58,573)
Other costs of revenue		(343)		(1,711)
Operating expenses:
Research and development	$	(17,357)	$	(25,280)
Selling, general and administrative		(80,839)		(77,959)
Impairment		(1,064)		(284)
Other segment items, net(1)	$	(23,535)	$	(33,178)
Consolidated net loss attributable to Plug Power Inc.	$	(196,656)	$	(295,776)

(1) Included in other segment items, net are restructuring, change in fair value of contingent consideration, interest income, interest expense, other income/(expense), net, loss on extinguishment of convertible debt instruments and debt, change in fair value of convertible debenture, loss on equity method investments, income tax expense and net loss attributable to non-controlling interest

Schedule of revenue and long-lived assets based on geographic location

The revenue and long-lived assets based on geographic location are as follows (in thousands):

	Revenues				Long-Lived Assets
	Three months ended				As of
	March 31, 2025		March 31, 2024		March 31, 2025		December 31, 2024
United States	$	121,363	$	105,914	$	1,213,258	$	1,208,096
Other foreign countries		12,311		14,350		85,057		72,208
Total	$	133,674	$	120,264	$	1,298,315	$	1,280,304