Plug Power (PLUG) Change in Receivables (2010 - 2026)
Plug Power (PLUG) posted quarterly 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 reported Change in Receivables for 17 consecutive years, with -$25.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Receivables fell 111.03% year-over-year to -$25.9 million; the TTM figure through Mar 2026 stood at -$8.3 million (down 131.1% YoY), while the FY2025 annual figure was $5.4 million, up 109.28% from the prior year.
- Change in Receivables retreated to -$25.9 million in Q1 2026 per PLUG's latest filing, from $21.2 million in the prior quarter.
- Across five years, Change in Receivables topped out at $89.6 million in Q2 2023 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Change in Receivables slumped 33083.49% — and 2023, when it soared 2043.16%.
- Plug Power's Change in Receivables stood at $28.9 million in 2022, then surged by 204.36% to $88.1 million in 2023, then slumped by 76.85% to $20.4 million in 2024, then advanced by 4.06% to $21.2 million in 2025, then tumbled 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 586.50 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 101.37 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 141.80 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 49.30 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 27.50 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 32.50 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 125.07 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | -48.22 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | -271.74 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 19.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.35 Mn |
| Jun 30, 2026 | 19.35 Mn |
| 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 |