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
Download Data| Date | Value |
|---|---|
| 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 |