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

Plug Power's (PLUG) quarterly Asset Writedowns and Impairment came in at $2.4 million in Q1 2026, down 71.02% year-on-year from $8.3 million in Q1 2025, and down 99.69% on a QoQ basis from $767.5 million in Q4 2025.

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

Plug Power (PLUG) has 8 years of Asset Writedowns and Impairment data on file, last reported at $2.4 million in Q1 2026.

  • On a quarterly basis, Asset Writedowns and Impairment fell 71.02% year-over-year to $2.4 million in Q1 2026; TTM through Mar 2026 was $787.3 million, a 18.6% decrease from a year earlier, with the FY2025 full-year figure at $785.4 million, down 17.26% from the prior year.
  • Asset Writedowns and Impairment for Q1 2026 stood at $2.4 million, down from $767.5 million in the prior quarter.
  • Over the last five years, Asset Writedowns and Impairment for PLUG reached as high as $950.8 million in Q4 2024 and fell as low as -$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.
  • Across the five-year window, Asset Writedowns and Impairment jumped 22391.79% in 2023 and tumbled 176.51% in 2025, its largest moves.
  • Year by year, Asset Writedowns and Impairment stood at $1.2 million in 2022, then soared by 22391.79% to $268.6 million in 2023, then surged by 254.04% to $950.8 million in 2024, then dropped by 19.28% to $767.5 million in 2025, then plunged by 99.69% to $2.4 million in 2026.
  • Per Business Quant data, the three most recent Asset Writedowns and Impairment figures were $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 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 268.55 Mn
Dec 31, 2023 268.55 Mn