Growth Metrics

Plug Power (PLUG) Asset Writedowns and Impairment (2018 - 2026)

Plug Power (PLUG) reported Asset Writedowns and Impairment of $7.3 million for Q1 2026, down 11.99% year-over-year from $8.3 million in Q1 2025, and down 98.71% on a QoQ basis from $561.7 million in Q4 2025.

Plug Power (PLUG) has 8 years of Asset Writedowns and Impairment data on file, last reported at $7.3 million in Q1 2026.

  • Quarterly Asset Writedowns and Impairment fell 11.99% year-over-year to $7.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $667.5 million (up 584.11% YoY) and the FY2025 annual result came in at $661.3 million, up 729.42% from the prior year.
  • Asset Writedowns and Impairment slipped to $7.3 million in Q1 2026 per PLUG's latest filing, from $561.7 million in the prior quarter.
  • Across five years, Asset Writedowns and Impairment topped out at $561.7 million in Q4 2025 and bottomed at $284000.0 in Q1 2024.
  • The 5-year median for Asset Writedowns and Impairment is $7.8 million (2025), against an average of $74.2 million.
  • The widest annual swing landed in 2023, when Asset Writedowns and Impairment jumped 5685.99%; it then plunged 73.78% in 2024.
  • Tracing PLUG's Asset Writedowns and Impairment over 5 years: stood at $4.5 million in 2022, then jumped by 5685.99% to $257.8 million in 2023, then tumbled by 68.5% to $81.2 million in 2024, then jumped by 591.81% to $561.7 million in 2025, then tumbled by 98.71% to $7.3 million in 2026.
  • Per Business Quant, the three latest PLUG Asset Writedowns and Impairment figures stand at $7.3 million (Q1 2026), $561.7 million (Q4 2025), and $78.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn
10 Hayward Holdings 3.01 Bn 2.78 Bn 118.70 Mn

Historic Data

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DateValue
Mar 31, 2026 7.27 Mn
Mar 31, 2026 7.27 Mn
Dec 31, 2025 561.65 Mn
Dec 31, 2025 561.65 Mn
Sep 30, 2025 77.96 Mn
Sep 30, 2025 77.96 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 81.19 Mn
Dec 31, 2024 81.19 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 284,000.00
Mar 31, 2024 284,000.00
Dec 31, 2023 257.77 Mn
Dec 31, 2023 257.77 Mn
Sep 30, 2023 665,000.00
Sep 30, 2023 665,000.00
Jun 30, 2023 9.99 Mn
Jun 30, 2023 9.99 Mn
Mar 31, 2023 1.08 Mn
Mar 31, 2023 1.08 Mn
Dec 31, 2022 4.46 Mn
Dec 31, 2022 4.46 Mn
Dec 31, 2021 829,000.00
Dec 31, 2021 829,000.00
Dec 31, 2019 728,000.00
Dec 31, 2019 728,000.00
Sep 30, 2019 346,000.00
Sep 30, 2019 346,000.00
Jun 30, 2019 600,000.00
Jun 30, 2019 600,000.00
Mar 31, 2019 307,000.00
Mar 31, 2019 307,000.00
Dec 31, 2018 880,000.00
Dec 31, 2018 880,000.00