Plug Power (PLUG) Current Deferred Revenue (2010 - 2026)
Plug Power (PLUG) posted quarterly Current Deferred Revenue of $68.5 million for Q1 2026, down 50.2% year-over-year from $137.6 million in Q1 2025, and up 2.65% quarter-over-quarter from $66.7 million in Q4 2025.
Plug Power (PLUG) Current Deferred Revenue (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Current Deferred Revenue for 17 consecutive years, with $68.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Current Deferred Revenue fell 50.2% year-over-year to $68.5 million; the TTM figure through Mar 2026 stood at $68.5 million (down 50.2% YoY), while the FY2025 annual figure was $66.7 million, down 53.68% from the prior year.
- Current Deferred Revenue improved to $68.5 million in Q1 2026 per PLUG's latest filing, from $66.7 million in the prior quarter.
- Across five years, Current Deferred Revenue topped out at $251.7 million in Q2 2023 and bottomed at $60.3 million in Q2 2022.
- Historically, Current Deferred Revenue has averaged $143.6 million across 5 years, with a median of $137.6 million in 2025.
- Annual changes were most pronounced in 2022 — Current Deferred Revenue surged 446.86% — and 2025, when it plunged 53.68%.
- Plug Power's Current Deferred Revenue stood at $229.9 million in 2022, then declined by 11.2% to $204.1 million in 2023, then decreased by 29.41% to $144.1 million in 2024, then slumped by 53.68% to $66.7 million in 2025, then grew by 2.65% to $68.5 million in 2026.
- Business Quant data shows PLUG's Current Deferred Revenue at $68.5 million in Q1 2026, $66.7 million in Q4 2025, and $88.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.87 Bn | 96.76 Bn | 1.23 Bn |
| 2 | Bloom Energy | 57.15 Bn | 54.48 Bn | 355.57 Mn |
| 3 | Hubbell | 24.85 Bn | 24.45 Bn | 613.00 Mn |
| 4 | nVent Electric | 24.73 Bn | 24.47 Bn | 558.00 Mn |
| 5 | Advanced Energy Industries | 11.05 Bn | 9.63 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.34 Bn | 9.93 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.18 Bn | 6.55 Bn | 95.30 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn |
| 9 | Plug Power | 3.21 Bn | 2.89 Bn | -1.68 Mn |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn |
Historic Data
Download 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 | 251.74 Mn |
| Mar 31, 2023 | 137.36 Mn |
| Dec 31, 2022 | 229.90 Mn |
| Sep 30, 2022 | 189.15 Mn |
| Jun 30, 2022 | 60.32 Mn |
| Mar 31, 2022 | 92.68 Mn |
| Dec 31, 2021 | 183.09 Mn |
| Sep 30, 2021 | 35.46 Mn |