Growth Metrics

Plug Power (PLUG) Current Deferred Revenue (2016 - 2025)

Plug Power (PLUG) has disclosed Current Deferred Revenue for 16 consecutive years, with $66.7 million as the latest value for Q4 2025.

  • On a quarterly basis, Current Deferred Revenue fell 53.68% to $66.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $66.7 million, a 53.68% decrease, with the full-year FY2025 number at $66.7 million, down 53.68% from a year prior.
  • Current Deferred Revenue was $66.7 million for Q4 2025 at Plug Power, down from $88.2 million in the prior quarter.
  • In the past five years, Current Deferred Revenue ranged from a high of $251.7 million in Q2 2023 to a low of $16.9 million in Q1 2021.
  • A 5-year average of $138.5 million and a median of $137.6 million in 2025 define the central range for Current Deferred Revenue.
  • Peak YoY movement for Current Deferred Revenue: soared 815.65% in 2022, then plummeted 53.68% in 2025.
  • Plug Power's Current Deferred Revenue stood at $116.4 million in 2021, then surged by 97.55% to $229.9 million in 2022, then decreased by 11.2% to $204.1 million in 2023, then decreased by 29.41% to $144.1 million in 2024, then tumbled by 53.68% to $66.7 million in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Current Deferred Revenue are $66.7 million (Q4 2025), $88.2 million (Q3 2025), and $107.1 million (Q2 2025).