Plug Power (PLUG) Cash & Equivalents (2010 - 2026)
Plug Power (PLUG) posted quarterly Cash & Equivalents of $223.2 million for Q1 2026, down 24.56% year-over-year from $295.8 million in Q1 2025, and down 39.44% quarter-over-quarter from $368.5 million in Q4 2025.
Plug Power (PLUG) Cash & Equivalents (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Cash & Equivalents for 17 consecutive years, with $223.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cash & Equivalents fell 24.56% year-over-year to $223.2 million; the TTM figure through Mar 2026 stood at $223.2 million (down 24.56% YoY), while the FY2025 annual figure was $368.5 million, up 79.17% from the prior year.
- Cash & Equivalents eased to $223.2 million in Q1 2026 per PLUG's latest filing, from $368.5 million in the prior quarter.
- Across five years, Cash & Equivalents topped out at $2.5 billion in Q1 2022 and bottomed at $62.4 million in Q2 2024.
- Historically, Cash & Equivalents has averaged $601.1 million across 5 years, with a median of $223.2 million in 2026.
- Annual changes were most pronounced in 2023 — Cash & Equivalents plunged 93.66% — and 2025, when it surged 125.69%.
- Plug Power's Cash & Equivalents stood at $690.6 million in 2022, then slumped by 80.45% to $135.0 million in 2023, then surged by 52.33% to $205.7 million in 2024, then jumped by 79.17% to $368.5 million in 2025, then plunged by 39.44% to $223.2 million in 2026.
- Business Quant data shows PLUG's Cash & Equivalents at $223.2 million in Q1 2026, $368.5 million in Q4 2025, and $165.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 2.81 Bn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 2.67 Bn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 378.60 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 256.00 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 1.40 Bn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 411.90 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 633.56 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 530.66 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 161.90 Mn |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 304.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 161.90 Mn |
| Mar 31, 2026 | 223.19 Mn |
| Dec 31, 2025 | 368.54 Mn |
| Sep 30, 2025 | 165.90 Mn |
| Jun 30, 2025 | 140.74 Mn |
| Mar 31, 2025 | 295.84 Mn |
| Dec 31, 2024 | 205.69 Mn |
| Sep 30, 2024 | 93.94 Mn |
| Jun 30, 2024 | 62.36 Mn |
| Mar 31, 2024 | 172.87 Mn |
| Dec 31, 2023 | 135.03 Mn |
| Sep 30, 2023 | 110.81 Mn |
| Jun 30, 2023 | 579.42 Mn |
| Mar 31, 2023 | 474.86 Mn |
| Dec 31, 2022 | 690.63 Mn |
| Sep 30, 2022 | 1.75 Bn |
| Jun 30, 2022 | 2.26 Bn |
| Mar 31, 2022 | 2.50 Bn |
| Dec 31, 2021 | 2.48 Bn |
| Sep 30, 2021 | 3.37 Bn |