Plug Power (PLUG) Change in Receivables (2010 - 2026)

Plug Power's (PLUG) quarterly Change in Receivables came in at -$25.9 million in Q1 2026, down 111.03% year-on-year from $234.4 million in Q1 2025, and down 221.83% on a QoQ basis 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.

  • On a quarterly basis, Change in Receivables fell 111.03% year-over-year to -$25.9 million in Q1 2026; TTM through Mar 2026 was -$8.3 million, a 131.1% decrease from a year earlier, with the FY2025 full-year figure at $5.4 million, up 109.28% from the prior year.
  • Change in Receivables for Q1 2026 stood at -$25.9 million, down from $21.2 million in the prior quarter.
  • Over the last five years, Change in Receivables for PLUG reached as high as $89.6 million in Q2 2023 and fell as low as -$96.4 million in Q1 2024.
  • Historically, Change in Receivables has averaged $4.4 million across 5 years, with a median of -$1.5 million in 2023.
  • Across the five-year window, Change in Receivables plunged 33083.49% in 2022 and jumped 2043.16% in 2023, its largest moves.
  • Year by year, Change in Receivables stood at $28.9 million in 2022, then jumped by 204.36% to $88.1 million in 2023, then slumped by 76.85% to $20.4 million in 2024, then grew by 4.06% to $21.2 million in 2025, then tumbled by 221.83% to -$25.9 million in 2026.
  • Per Business Quant data, the three most recent Change in Receivables figures were -$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 in Receivables (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn -
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 57.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn -11.78 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 117.80 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 138.40 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 52.40 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 32.50 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 49.39 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 36.04 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn -25.85 Mn

Historic Data

Download Data
DateValue
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