Plug Power (PLUG) Current Deferred Revenue (2010 - 2026)
Plug Power (PLUG) reported Current Deferred Revenue of $60.3 million for Q2 2026, down 43.7% from $107.06 million a year earlier and down 12.0% from the prior quarter.
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Analysis
Plug Power (PLUG) Current Deferred Revenue (2010 - 2026) Analysis & Trends
At the end of FY2025, Plug Power posted Current Deferred Revenue of $66.74 million, down 53.7% from FY2024.
- Current Deferred Revenue has a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- By year, Current Deferred Revenue came in at $144.09 million in FY2024 (-29.4%), $204.14 million in FY2023 (+54.9%), $131.81 million in FY2022 (+13.3%) and $116.38 million in FY2021 (+400.0%).
- The Q2 2026 figure ranks as the lowest quarterly Current Deferred Revenue since Q3 2021.
- Year over year, Current Deferred Revenue has now declined in each of the last eight quarters, with an average decline of 37.2% over the last eight quarters.
- The high point for year-over-year Current Deferred Revenue in five years was Q1 2022 (growth of 446.9%); the low point was Q4 2025 (a decline of 53.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $68.51 million (Q1 2026), $66.74 million (Q4 2025) and $88.17 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.30 Mn |
| Mar 31, 2026 | 68.51 Mn |
| Dec 31, 2025 | 66.74 Mn |
| Sep 30, 2025 | 88.17 Mn |
| Jun 30, 2025 | 107.06 Mn |
| Mar 31, 2025 | 137.57 Mn |
| Dec 31, 2024 | 144.09 Mn |
| Sep 30, 2024 | 132.35 Mn |
| Jun 30, 2024 | 174.83 Mn |
| Mar 31, 2024 | 179.90 Mn |
| Dec 31, 2023 | 204.14 Mn |
| Sep 30, 2023 | 176.61 Mn |
| Jun 30, 2023 | 165.11 Mn |
| Mar 31, 2023 | 137.36 Mn |
| Dec 31, 2022 | 131.81 Mn |
| Sep 30, 2022 | 108.03 Mn |
| Jun 30, 2022 | 60.32 Mn |
| Mar 31, 2022 | 92.68 Mn |
| Dec 31, 2021 | 116.38 Mn |
| Sep 30, 2021 | 35.46 Mn |
API Access
Plug Power Current Deferred Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-deferred-revenue", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();