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% quarter-over-quarter from $561.7 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 $7.3 million in Q1 2026.
- Asset Writedowns and Impairment for Q1 2026 came in at $7.3 million, down 11.99% year-over-year; the trailing twelve-month figure through Mar 2026 was $667.5 million (up 584.11% YoY), and the FY2025 annual result was $661.3 million, up 729.42% from the prior year.
- Asset Writedowns and Impairment retreated to $7.3 million in Q1 2026 per PLUG's latest filing, from $561.7 million in the prior quarter.
- Over five years, Asset Writedowns and Impairment peaked at $561.7 million in Q4 2025 and troughed at $284000.0 in Q1 2024.
- A 5-year average of $74.2 million and a median of $7.8 million in 2025 frame the typical range for Asset Writedowns and Impairment.
- The sharpest annual moves came in 2023 and 2024: Asset Writedowns and Impairment soared 5685.99% in 2023, then slumped 73.78% in 2024.
- A 5-year view of Asset Writedowns and Impairment shows it stood at $4.5 million in 2022, then soared by 5685.99% to $257.8 million in 2023, then sank by 68.5% to $81.2 million in 2024, then soared by 591.81% to $561.7 million in 2025, then sank by 98.71% to $7.3 million in 2026.
- Business Quant data shows PLUG's Asset Writedowns and Impairment at $7.3 million in Q1 2026, $561.7 million in Q4 2025, and $78.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 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 |