Plug Power (PLUG) Cash & Equivalents (2009 - 2026)
Plug Power (PLUG) recorded Cash & Equivalents of $134.13 million in Q3 2026, down 19.1% from $165.9 million a year earlier and down 17.2% from the prior quarter.
Powered by 
Analysis
Plug Power (PLUG) Cash & Equivalents (2009 - 2026) Analysis & Trends
At the end of FY2025, Plug Power reported Cash & Equivalents of $368.54 million, up 79.2% from FY2024.
- Annual Cash & Equivalents has a five-year compound annual growth rate of -22.4% (FY2020 to FY2025).
- Across earlier years, Cash & Equivalents came in at $205.69 million in FY2024 (+52.3%), $135.03 million in FY2023 (-80.4%), $690.63 million in FY2022 (-72.2%) and $2.48 billion in FY2021 (+89.1%).
- The Q3 2026 figure is the lowest quarterly Cash & Equivalents since Q3 2024.
- On a year-over-year basis, Cash & Equivalents rose in six of the last eight quarters, with growth averaging 47.0%.
- Peak year-over-year performance for Cash & Equivalents in the last five years was growth of 125.7% in Q2 2025, against a decline of 93.7% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $161.9 million (Q2 2026), $223.2 million (Q1 2026) and $368.54 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 1.55 Bn | 670.46 Mn | -5.36 Mn | 134.13 Mn |
| 2 | Rex American Resources | 1.27 Bn | -87.85 Mn | 53.30 Mn | 91.33 Mn |
| 3 | Green Plains | 940.41 Mn | 317.05 Mn | 142.81 Mn | 159.99 Mn |
| 4 | Gevo | 452.70 Mn | 177.08 Mn | 47.81 Mn | 67.55 Mn |
| 5 | Clean Energy Fuels | 405.62 Mn | -158.48 Mn | 41.24 Mn | 141.82 Mn |
| 6 | OPAL Fuels | 215.20 Mn | -105.54 Mn | 27.77 Mn | 86.00 Mn |
| 7 | Montauk Renewables | 136.08 Mn | 63.86 Mn | - | 15.76 Mn |
| 8 | Verde Clean Fuels | 43.66 Mn | -149.00 Mn | - | 52.55 Mn |
| 9 | Blue Biofuels | 38.93 Mn | 38.83 Mn | - | 6,473.00 |
| 10 | XCF Global | 27.62 Mn | 25.21 Mn | 276,200.00 | 329,084.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 134.13 Mn |
| Jun 30, 2026 | 161.90 Mn |
| Mar 31, 2026 | 223.20 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 |
API Access
Plug Power Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();