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
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