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
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