Plug Power (PLUG) Change in Receivables (2010 - 2026)
Plug Power (PLUG) reported Change in Receivables of -$25.9 million for Q1 2026, down 111.03% year-over-year from $234.4 million in Q1 2025, and down 221.83% quarter-over-quarter from $21.2 million in Q4 2025.
Plug Power (PLUG) Change in Receivables (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Change in Receivables data on file, last reported at -$25.9 million in Q1 2026.
- Change in Receivables for Q1 2026 came in at -$25.9 million, down 111.03% year-over-year; the trailing twelve-month figure through Mar 2026 was -$8.3 million (down 131.1% YoY), and the FY2025 annual result was $5.4 million, up 109.28% from the prior year.
- Change in Receivables eased to -$25.9 million in Q1 2026 per PLUG's latest filing, from $21.2 million in the prior quarter.
- Over five years, Change in Receivables peaked at $89.6 million in Q2 2023 and troughed at -$96.4 million in Q1 2024.
- A 5-year average of $4.4 million and a median of -$1.5 million in 2023 frame the typical range for Change in Receivables.
- The sharpest annual moves came in 2022 and 2023: Change in Receivables slumped 33083.49% in 2022, then soared 2043.16% in 2023.
- A 5-year view of Change in Receivables shows it stood at $28.9 million in 2022, then jumped by 204.36% to $88.1 million in 2023, then sank by 76.85% to $20.4 million in 2024, then gained by 4.06% to $21.2 million in 2025, then slumped by 221.83% to -$25.9 million in 2026.
- Business Quant data shows PLUG's Change in Receivables at -$25.9 million in Q1 2026, $21.2 million in Q4 2025, and -$2.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 57.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | -11.78 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 138.40 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 117.80 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 52.40 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 49.39 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 7.39 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 12.10 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | -25.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -25.85 Mn |
| Mar 31, 2026 | -25.85 Mn |
| Dec 31, 2025 | 21.22 Mn |
| Dec 31, 2025 | 21.22 Mn |
| Sep 30, 2025 | -2.04 Mn |
| Sep 30, 2025 | -2.04 Mn |
| Jun 30, 2025 | -1.58 Mn |
| Jun 30, 2025 | -1.58 Mn |
| Mar 31, 2025 | -12.25 Mn |
| Mar 31, 2025 | -12.25 Mn |
| Dec 31, 2024 | 20.39 Mn |
| Dec 31, 2024 | 20.39 Mn |
| Sep 30, 2024 | -22.79 Mn |
| Sep 30, 2024 | -22.79 Mn |
| Jun 30, 2024 | 41.18 Mn |
| Jun 30, 2024 | 41.18 Mn |
| Mar 31, 2024 | -96.44 Mn |
| Mar 31, 2024 | -96.44 Mn |
| Dec 31, 2023 | 88.08 Mn |
| Dec 31, 2023 | 88.08 Mn |