Plug Power (PLUG) Inventory (2010 - 2026)
Plug Power's (PLUG) quarterly Inventory came in at $493.4 million in Q2 2026, down 23.37% year-over-year from $643.9 million in Q2 2025, and down 4.4% quarter-over-quarter from $516.2 million in Q1 2026.
Analysis
Plug Power (PLUG) Inventory (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Inventory for 17 consecutive years, with $493.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Inventory fell 23.37% year-over-year to $493.4 million in Q2 2026; TTM through Jun 2026 was $493.4 million, a 23.37% decrease from a year earlier, with the FY2025 full-year figure at $521.0 million, down 23.68% from the prior year.
- Inventory was $493.4 million for Q2 2026 at Plug Power, down from $516.2 million in the prior quarter.
- Over five years, Inventory peaked at $1.0 billion in Q3 2023 and troughed at $333.4 million in Q1 2022.
- A 5-year average of $694.3 million and a median of $664.1 million in 2022 frame the typical range for Inventory.
- Across the five-year window, Inventory soared 139.87% in 2022 and sank 37.33% in 2025, its largest moves.
- Over 5 years, Inventory stood at $645.6 million in 2022, then surged by 48.88% to $961.3 million in 2023, then dropped by 28.98% to $682.6 million in 2024, then declined by 23.68% to $521.0 million in 2025, then decreased by 5.28% to $493.4 million in 2026.
- The last three Inventory figures came in at $493.4 million (Q2 2026), $516.2 million (Q1 2026), and $521.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 3.04 Bn | 2.72 Bn | -1.68 Mn | 493.45 Mn |
| 2 | NewHydrogen | 12.64 Mn | 12.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 493.45 Mn |
| Mar 31, 2026 | 516.15 Mn |
| Dec 31, 2025 | 520.97 Mn |
| Sep 30, 2025 | 555.09 Mn |
| Jun 30, 2025 | 643.93 Mn |
| Mar 31, 2025 | 693.47 Mn |
| Dec 31, 2024 | 682.64 Mn |
| Sep 30, 2024 | 885.76 Mn |
| Jun 30, 2024 | 939.53 Mn |
| Mar 31, 2024 | 975.90 Mn |
| Dec 31, 2023 | 961.25 Mn |
| Sep 30, 2023 | 1.02 Bn |
| Jun 30, 2023 | 904.29 Mn |
| Mar 31, 2023 | 775.65 Mn |
| Dec 31, 2022 | 645.64 Mn |
| Sep 30, 2022 | 516.28 Mn |
| Jun 30, 2022 | 429.55 Mn |
| Mar 31, 2022 | 333.38 Mn |
| Dec 31, 2021 | 269.16 Mn |
| Sep 30, 2021 | 229.81 Mn |