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| 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 |