Plug Power (PLUG) Current Leases (2012 - 2026)
Plug Power (PLUG) posted quarterly Current Leases of $10.1 million for Q1 2026, down 28.35% year-over-year from $14.1 million in Q1 2025, and down 85.66% quarter-over-quarter from $70.4 million in Q4 2025.
Plug Power (PLUG) Current Leases (2012 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Current Leases for 12 consecutive years, with $10.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Current Leases fell 28.35% year-over-year to $10.1 million; the TTM figure through Mar 2026 stood at $10.1 million (down 28.35% YoY), while the FY2025 annual figure was $70.4 million, up 449.97% from the prior year.
- Current Leases retreated to $10.1 million in Q1 2026 per PLUG's latest filing, from $70.4 million in the prior quarter.
- Across five years, Current Leases topped out at $70.4 million in Q4 2025 and bottomed at $5.7 million in Q1 2022.
- Historically, Current Leases has averaged $31.6 million across 5 years, with a median of $14.1 million in 2025.
- Annual changes were most pronounced in 2023 — Current Leases surged 760.73% — and 2024, when it sank 79.9%.
- Plug Power's Current Leases stood at $8.1 million in 2022, then soared by 681.58% to $63.7 million in 2023, then tumbled by 79.9% to $12.8 million in 2024, then surged by 449.97% to $70.4 million in 2025, then sank by 85.66% to $10.1 million in 2026.
- Business Quant data shows PLUG's Current Leases at $10.1 million in Q1 2026, $70.4 million in Q4 2025, and $14.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 62.03 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | - |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | - |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 15.40 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 27.00 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 947,000.00 |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | - |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | - |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 56.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 56.20 Mn |
| Mar 31, 2026 | 10.10 Mn |
| Dec 31, 2025 | 70.41 Mn |
| Sep 30, 2025 | 14.68 Mn |
| Jun 30, 2025 | 14.15 Mn |
| Mar 31, 2025 | 14.09 Mn |
| Dec 31, 2024 | 12.80 Mn |
| Sep 30, 2024 | 66.97 Mn |
| Jun 30, 2024 | 66.41 Mn |
| Mar 31, 2024 | 65.25 Mn |
| Dec 31, 2023 | 63.69 Mn |
| Sep 30, 2023 | 62.11 Mn |
| Jun 30, 2023 | 8.90 Mn |
| Mar 31, 2023 | 8.62 Mn |
| Dec 31, 2022 | 8.15 Mn |
| Sep 30, 2022 | 7.22 Mn |
| Jun 30, 2022 | 37.21 Mn |
| Mar 31, 2022 | 5.65 Mn |
| Dec 31, 2021 | 4.72 Mn |
| Sep 30, 2021 | 23.28 Mn |