Plug Power (PLUG) Change in Inventory (2010 - 2026)
Plug Power (PLUG) reported Change in Inventory of $6.9 million for Q1 2026, down 62.63% year-over-year from $18.4 million in Q1 2025, and up 135.41% on a QoQ basis from -$19.4 million in Q4 2025.
Plug Power (PLUG) has 17 years of Change in Inventory data on file, last reported at $6.9 million in Q1 2026.
- Quarterly Change in Inventory fell 62.63% year-over-year to $6.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$63.4 million (up 57.53% YoY) and the FY2025 annual result came in at -$51.9 million, up 59.86% from the prior year.
- Change in Inventory improved to $6.9 million in Q1 2026 per PLUG's latest filing, from -$19.4 million in the prior quarter.
- Across five years, Change in Inventory topped out at $142.0 million in Q3 2023 and bottomed at -$98.4 million in Q4 2024.
- The 5-year median for Change in Inventory is $18.4 million (2025), against an average of $35.3 million.
- The widest annual swing landed in 2022, when Change in Inventory surged 1039.59%; it then tumbled 3068.8% in 2024.
- Tracing PLUG's Change in Inventory over 5 years: stood at $119.9 million in 2022, then tumbled by 102.59% to -$3.1 million in 2023, then plunged by 3068.8% to -$98.4 million in 2024, then soared by 80.32% to -$19.4 million in 2025, then soared by 135.41% to $6.9 million in 2026.
- Per Business Quant, the three latest PLUG Change in Inventory figures stand at $6.9 million (Q1 2026), -$19.4 million (Q4 2025), and -$16.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 384.20 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 88.58 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 42.60 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 61.20 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 48.40 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 1.69 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | -4.20 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | -64.00 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 6.86 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | 18.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.86 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Dec 31, 2025 | -19.37 Mn |
| Dec 31, 2025 | -19.37 Mn |
| Sep 30, 2025 | -16.17 Mn |
| Sep 30, 2025 | -16.17 Mn |
| Jun 30, 2025 | -34.71 Mn |
| Jun 30, 2025 | -34.71 Mn |
| Mar 31, 2025 | 18.36 Mn |
| Mar 31, 2025 | 18.36 Mn |
| Dec 31, 2024 | -98.42 Mn |
| Dec 31, 2024 | -98.42 Mn |
| Sep 30, 2024 | -42.79 Mn |
| Sep 30, 2024 | -42.79 Mn |
| Jun 30, 2024 | -26.39 Mn |
| Jun 30, 2024 | -26.39 Mn |
| Mar 31, 2024 | 38.31 Mn |
| Mar 31, 2024 | 38.31 Mn |
| Dec 31, 2023 | -3.11 Mn |
| Dec 31, 2023 | -3.11 Mn |
| Sep 30, 2023 | 142.03 Mn |
| Sep 30, 2023 | 142.03 Mn |
| Jun 30, 2023 | 138.13 Mn |
| Jun 30, 2023 | 138.13 Mn |
| Mar 31, 2023 | 131.58 Mn |
| Mar 31, 2023 | 131.58 Mn |
| Dec 31, 2022 | 119.90 Mn |
| Dec 31, 2022 | 119.90 Mn |
| Sep 30, 2022 | 86.33 Mn |
| Sep 30, 2022 | 86.33 Mn |
| Jun 30, 2022 | 95.74 Mn |
| Jun 30, 2022 | 95.74 Mn |
| Mar 31, 2022 | 63.70 Mn |
| Mar 31, 2022 | 63.70 Mn |
| Dec 31, 2021 | 10.52 Mn |
| Dec 31, 2021 | 10.52 Mn |
| Sep 30, 2021 | 19.84 Mn |
| Sep 30, 2021 | 19.84 Mn |
| Jun 30, 2021 | 23.80 Mn |
| Jun 30, 2021 | 23.80 Mn |
| Mar 31, 2021 | 46.79 Mn |
| Mar 31, 2021 | 46.79 Mn |
| Dec 31, 2020 | 5.77 Mn |
| Dec 31, 2020 | 5.77 Mn |
| Sep 30, 2020 | 19.63 Mn |
| Sep 30, 2020 | 19.63 Mn |
| Jun 30, 2020 | 17.40 Mn |
| Jun 30, 2020 | 17.40 Mn |
| Mar 31, 2020 | 20.58 Mn |
| Mar 31, 2020 | 20.58 Mn |
| Dec 31, 2019 | -8.21 Mn |
| Dec 31, 2019 | -8.21 Mn |
| Sep 30, 2019 | 7.41 Mn |
| Sep 30, 2019 | 7.41 Mn |
| Jun 30, 2019 | 7.72 Mn |
| Jun 30, 2019 | 7.72 Mn |
| Mar 31, 2019 | 17.72 Mn |
| Mar 31, 2019 | 17.72 Mn |
| Dec 31, 2018 | -6.64 Mn |
| Dec 31, 2018 | -6.64 Mn |
| Sep 30, 2018 | -6.07 Mn |
| Sep 30, 2018 | -6.07 Mn |
| Jun 30, 2018 | -5.06 Mn |
| Jun 30, 2018 | -5.06 Mn |
| Mar 31, 2018 | -1.43 Mn |
| Mar 31, 2018 | -1.43 Mn |
| Dec 31, 2017 | 4.09 Mn |
| Dec 31, 2017 | 4.09 Mn |
| Sep 30, 2017 | 1.98 Mn |
| Sep 30, 2017 | 1.98 Mn |
| Jun 30, 2017 | 8.98 Mn |
| Jun 30, 2017 | 8.98 Mn |
| Mar 31, 2017 | 3.79 Mn |
| Mar 31, 2017 | 3.79 Mn |
| Dec 31, 2016 | -5.85 Mn |
| Dec 31, 2016 | -5.85 Mn |
| Sep 30, 2016 | 866,000.00 |
| Sep 30, 2016 | 866,000.00 |
| Jun 30, 2016 | -4.22 Mn |
| Jun 30, 2016 | -4.22 Mn |
| Mar 31, 2016 | 6.40 Mn |
| Mar 31, 2016 | 6.40 Mn |
| Dec 31, 2015 | 950,000.00 |
| Dec 31, 2015 | 950,000.00 |
| Sep 30, 2015 | -1.85 Mn |
| Sep 30, 2015 | -1.85 Mn |
| Jun 30, 2015 | 796,000.00 |
| Jun 30, 2015 | 796,000.00 |
| Mar 31, 2015 | 7.36 Mn |
| Mar 31, 2015 | 7.36 Mn |
| Dec 31, 2014 | 2.81 Mn |
| Dec 31, 2014 | 2.81 Mn |
| Sep 30, 2014 | 2.16 Mn |
| Sep 30, 2014 | 2.16 Mn |
| Jun 30, 2014 | 2.66 Mn |
| Jun 30, 2014 | 2.66 Mn |
| Mar 31, 2014 | 1.54 Mn |
| Mar 31, 2014 | 1.54 Mn |
| Dec 31, 2013 | 637,803.00 |
| Dec 31, 2013 | 637,803.00 |
| Sep 30, 2013 | 1.17 Mn |
| Sep 30, 2013 | 1.17 Mn |
| Jun 30, 2013 | 1.58 Mn |
| Jun 30, 2013 | 1.58 Mn |
| Mar 31, 2013 | -1.54 Mn |
| Mar 31, 2013 | -1.54 Mn |
| Dec 31, 2012 | -1.36 Mn |
| Dec 31, 2012 | -1.36 Mn |
| Sep 30, 2012 | 3.49 Mn |
| Sep 30, 2012 | 3.49 Mn |
| Jun 30, 2012 | 1.40 Mn |
| Jun 30, 2012 | 1.40 Mn |
| Mar 31, 2012 | -2.25 Mn |
| Mar 31, 2012 | -2.25 Mn |
| Dec 31, 2011 | 6.74 Mn |
| Dec 31, 2011 | 6.74 Mn |
| Sep 30, 2011 | -1.14 Mn |
| Sep 30, 2011 | -1.14 Mn |
| Jun 30, 2011 | -3.09 Mn |
| Jun 30, 2011 | -3.09 Mn |
| Mar 31, 2011 | -1.08 Mn |
| Mar 31, 2011 | -1.08 Mn |
| Dec 31, 2010 | -86,697.00 |
| Dec 31, 2010 | -86,697.00 |
| Sep 30, 2010 | 744,667.00 |
| Sep 30, 2010 | 744,667.00 |