Plug Power Inc.PLUGNASDAQ
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R&D Expenses Over TimeContracting
Percentile Rank71
3Y CAGR-16.5%
5Y CAGR+15.8%
Year-over-Year Change
Research and development spending
3Y CAGR
-16.5%/yr
vs +30.9%/yr prior
5Y CAGR
+15.8%/yr
Recent deceleration
Acceleration
-47.4pp
Decelerating
Percentile
P71
Within normal range
vs 5Y Ago
2.1x
Strong expansion
Streak
2 yr
Consecutive declineContracting
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $57.96M | -24.9% |
| 2024 | $77.23M | -32.1% |
| 2023 | $113.75M | +14.2% |
| 2022 | $99.58M | +53.8% |
| 2021 | $64.76M | +132.6% |
| 2020 | $27.85M | +82.5% |
| 2019 | $15.26M | -55.0% |
| 2018 | $33.91M | +18.2% |
| 2017 | $28.69M | +35.5% |
| 2016 | $21.18M | - |