Plug Power (PLUG) Current Leases (2012 - 2026)

Plug Power (PLUG) reported Current Leases of $63.2 million for Q1 2026, down 16.29% year-over-year from $75.5 million in Q1 2025, and down 10.26% quarter-over-quarter from $70.4 million in Q4 2025.

Plug Power (PLUG) Current Leases (2012 - 2026) Analysis & Trends

Plug Power (PLUG) has 12 years of Current Leases data on file, last reported at $63.2 million in Q1 2026.

  • Current Leases for Q1 2026 came in at $63.2 million, down 16.29% year-over-year; the trailing twelve-month figure through Mar 2026 was $63.2 million (down 16.29% YoY), and the FY2025 annual result was $70.4 million, up 449.97% from the prior year.
  • Current Leases eased to $63.2 million in Q1 2026 per PLUG's latest filing, from $70.4 million in the prior quarter.
  • Over five years, Current Leases peaked at $75.5 million in Q1 2025 and troughed at $5.7 million in Q1 2022.
  • A 5-year average of $36.6 million and a median of $37.2 million in 2022 frame the typical range for Current Leases.
  • The sharpest annual moves came in 2022 and 2024: Current Leases jumped 935.63% in 2022, then plunged 81.83% in 2024.
  • A 5-year view of Current Leases shows it stood at $48.9 million in 2022, then tumbled by 80.68% to $9.4 million in 2023, then jumped by 35.6% to $12.8 million in 2024, then jumped by 449.97% to $70.4 million in 2025, then fell by 10.26% to $63.2 million in 2026.
  • Business Quant data shows PLUG's Current Leases at $63.2 million in Q1 2026, $70.4 million in Q4 2025, and $14.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Current Leases (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 577,803.00
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn -
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 21.93 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn -
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn -
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 15.70 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 880,000.00
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 3.41 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 26.30 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn 63.18 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 63.18 Mn
Dec 31, 2025 70.41 Mn
Sep 30, 2025 14.68 Mn
Jun 30, 2025 14.15 Mn
Mar 31, 2025 75.48 Mn
Dec 31, 2024 12.80 Mn
Sep 30, 2024 66.97 Mn
Jun 30, 2024 66.41 Mn
Mar 31, 2024 9.60 Mn
Dec 31, 2023 9.44 Mn
Sep 30, 2023 9.09 Mn
Jun 30, 2023 57.95 Mn
Mar 31, 2023 52.86 Mn
Dec 31, 2022 48.86 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 2.76 Mn
Jun 30, 2021 19.92 Mn