Plug Power (PLUG) Liabilities and Shareholders Equity (2010 - 2026)
Plug Power's Liabilities and Shareholders Equity came in at $2.19 billion for Q2 2026, down 34.6% from $3.35 billion a year earlier and down 7.4% from the prior quarter.
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Analysis
Plug Power (PLUG) Liabilities and Shareholders Equity (2010 - 2026) Analysis & Trends
At the end of FY2025, Plug Power's Liabilities and Shareholders Equity was $2.59 billion, down 28.0% from FY2024.
- Liabilities and Shareholders Equity has declined in each of the last four years, though with a five-year compound annual growth rate of 2.9% (FY2020 to FY2025).
- Going back by year, Liabilities and Shareholders Equity was $3.6 billion in FY2024 (-26.5%), $4.9 billion in FY2023 (-14.9%), $5.76 billion in FY2022 (-3.1%) and $5.95 billion in FY2021 (+164.3%).
- The Q2 2026 figure represents the lowest quarterly Liabilities and Shareholders Equity since Q3 2020.
- Year-over-year, Liabilities and Shareholders Equity has declined for 15 consecutive quarters, with an average decline of 28.3% over the last eight quarters.
- The fastest year-over-year change in Liabilities and Shareholders Equity over five years came in Q3 2021 (growth of 323.3%), and the weakest in Q1 2026 (a decline of 34.8%).
- Business Quant data shows PLUG's Liabilities and Shareholders Equity at $2.37 billion (Q1 2026), $2.59 billion (Q4 2025) and $3.1 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.67 Bn | 1.75 Bn | -1.68 Mn | 2.19 Bn |
| 2 | Rex American Resources | 1.41 Bn | 56.79 Mn | 53.30 Mn | 856.48 Mn |
| 3 | Green Plains | 1.03 Bn | 431.73 Mn | 113.03 Mn | 1.66 Bn |
| 4 | Montauk Renewables | 421.14 Mn | 348.92 Mn | - | 470.71 Mn |
| 5 | Clean Energy Fuels | 345.96 Mn | -309.83 Mn | 30.14 Mn | 1.03 Bn |
| 6 | Gevo | 328.83 Mn | 45.80 Mn | 19.80 Mn | 490.71 Mn |
| 7 | OPAL Fuels | 309.32 Mn | 41.92 Mn | 24.47 Mn | 1.04 Bn |
| 8 | Aemetis | 131.85 Mn | 115.60 Mn | 13.52 Mn | 289.18 Mn |
| 9 | Verde Clean Fuels | 50.34 Mn | -148.13 Mn | - | 56.82 Mn |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 Mn | - | 1.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.19 Bn |
| Mar 31, 2026 | 2.37 Bn |
| Dec 31, 2025 | 2.59 Bn |
| Sep 30, 2025 | 3.10 Bn |
| Jun 30, 2025 | 3.35 Bn |
| Mar 31, 2025 | 3.63 Bn |
| Dec 31, 2024 | 3.60 Bn |
| Sep 30, 2024 | 4.72 Bn |
| Jun 30, 2024 | 4.78 Bn |
| Mar 31, 2024 | 4.85 Bn |
| Dec 31, 2023 | 4.90 Bn |
| Sep 30, 2023 | 5.45 Bn |
| Jun 30, 2023 | 5.58 Bn |
| Mar 31, 2023 | 5.65 Bn |
| Dec 31, 2022 | 5.76 Bn |
| Sep 30, 2022 | 5.86 Bn |
| Jun 30, 2022 | 5.73 Bn |
| Mar 31, 2022 | 5.80 Bn |
| Dec 31, 2021 | 5.95 Bn |
| Sep 30, 2021 | 5.74 Bn |
API Access
Plug Power Liabilities and Shareholders Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();