Plug Power Inc., a global leader in hydrogen solutions, announced its financial results for Q1 2025, showcasing revenue growth to $133.7 million driven by electrolyzer deliveries, material handling demand, and cryogenic platform deployments. The Company also significantly improved its gross margin from -132% in Q1 2024 to -55% in Q1 2025 through supply chain optimization and cost reductions. Cash flow operations decreased to $152.1 million in Q1 2025, with $295.8 million in unrestricted cash by the end of the quarter. Initiatives like Project Quantum Leap, targeting over $200 million in annualized savings, position Plug for continued improvement in cash utilization. To further enhance liquidity, Plug secured a $525 million credit facility in May 2025, drawing an initial $210 million and retiring $82.5 million of principal to mitigate dilution risk. The Company's focus for 2025 is on material handling, electrolyzers, and hydrogen supply, leveraging its competitive advantages to deliver impact for customers and investors.