Plug Power (PLUG) Asset Writedowns and Impairment (2018 - 2026)
Plug Power (PLUG) posted quarterly Asset Writedowns and Impairment of $2.4 million for Q1 2026, down 71.02% year-over-year from $8.3 million in Q1 2025, and down 99.69% quarter-over-quarter from $767.5 million in Q4 2025.
Plug Power (PLUG) Asset Writedowns and Impairment (2018 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Asset Writedowns and Impairment for 8 consecutive years, with $2.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Writedowns and Impairment fell 71.02% year-over-year to $2.4 million; the TTM figure through Mar 2026 stood at $787.3 million (down 18.6% YoY), while the FY2025 annual figure was $785.4 million, down 17.26% from the prior year.
- Asset Writedowns and Impairment eased to $2.4 million in Q1 2026 per PLUG's latest filing, from $767.5 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $950.8 million in Q4 2024 and bottomed at -$3.2 million in Q3 2025.
- Historically, Asset Writedowns and Impairment has averaged $145.4 million across 5 years, with a median of $4.1 million in 2024.
- Annual changes were most pronounced in 2023 — Asset Writedowns and Impairment soared 22391.79% — and 2025, when it sank 176.51%.
- Plug Power's Asset Writedowns and Impairment stood at $1.2 million in 2022, then jumped by 22391.79% to $268.6 million in 2023, then soared by 254.04% to $950.8 million in 2024, then decreased by 19.28% to $767.5 million in 2025, then plunged by 99.69% to $2.4 million in 2026.
- Business Quant data shows PLUG's Asset Writedowns and Impairment at $2.4 million in Q1 2026, $767.5 million in Q4 2025, and -$3.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.37 Mn |
| Jun 30, 2026 | 19.37 Mn |
| Mar 31, 2026 | 2.39 Mn |
| Mar 31, 2026 | 2.39 Mn |
| Dec 31, 2025 | 767.48 Mn |
| Dec 31, 2025 | 767.48 Mn |
| Sep 30, 2025 | -3.20 Mn |
| Sep 30, 2025 | -3.20 Mn |
| Jun 30, 2025 | 20.60 Mn |
| Jun 30, 2025 | 20.60 Mn |
| Mar 31, 2025 | 8.26 Mn |
| Mar 31, 2025 | 8.26 Mn |
| Dec 31, 2024 | 950.77 Mn |
| Dec 31, 2024 | 950.77 Mn |
| Sep 30, 2024 | 4.19 Mn |
| Sep 30, 2024 | 4.19 Mn |
| Jun 30, 2024 | 3.94 Mn |
| Jun 30, 2024 | 3.94 Mn |
| Mar 31, 2024 | -1.45 Mn |
| Mar 31, 2024 | -1.45 Mn |