Plug Power (PLUG) Net Cash Flow (2010 - 2026)
Plug Power (PLUG) reported Net Cash Flow of -$190.3 million for Q1 2026, down 563.03% year-over-year from $41.1 million in Q1 2025, and down 229.5% on a QoQ basis from $146.9 million in Q4 2025.
Plug Power (PLUG) has 17 years of Net Cash Flow data on file, last reported at -$190.3 million in Q1 2026.
- Quarterly Net Cash Flow fell 563.03% year-over-year to -$190.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$276.2 million (down 172.17% YoY) and the FY2025 annual result came in at -$44.9 million, up 69.64% from the prior year.
- Net Cash Flow declined to -$190.3 million in Q1 2026 per PLUG's latest filing, from $146.9 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $180.1 million in Q2 2023 and bottomed at -$1.0 billion in Q4 2022.
- The 5-year median for Net Cash Flow is -$33.2 million (2025), against an average of -$137.7 million.
- The widest annual swing landed in 2025, when Net Cash Flow soared 883.13%; it then sank 563.03% in 2026.
- Tracing PLUG's Net Cash Flow over 5 years: stood at -$1.0 billion in 2022, then surged by 101.66% to $16.6 million in 2023, then jumped by 74.39% to $28.9 million in 2024, then soared by 408.06% to $146.9 million in 2025, then tumbled by 229.5% to -$190.3 million in 2026.
- Per Business Quant, the three latest PLUG Net Cash Flow figures stand at -$190.3 million (Q1 2026), $146.9 million (Q4 2025), and -$33.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 402.00 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 34.73 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | -50.10 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 21.90 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | -88.50 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 48.48 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | -108.50 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | -7.45 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -190.26 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 Mn | -193.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -190.26 Mn |
| Mar 31, 2026 | -190.26 Mn |
| Dec 31, 2025 | 146.93 Mn |
| Dec 31, 2025 | 146.93 Mn |
| Sep 30, 2025 | -33.19 Mn |
| Sep 30, 2025 | -33.19 Mn |
| Jun 30, 2025 | -199.72 Mn |
| Jun 30, 2025 | -199.72 Mn |
| Mar 31, 2025 | 41.09 Mn |
| Mar 31, 2025 | 41.09 Mn |
| Dec 31, 2024 | 28.92 Mn |
| Dec 31, 2024 | 28.92 Mn |
| Sep 30, 2024 | -12.38 Mn |
| Sep 30, 2024 | -12.38 Mn |
| Jun 30, 2024 | -159.13 Mn |
| Jun 30, 2024 | -159.13 Mn |
| Mar 31, 2024 | -5.25 Mn |
| Mar 31, 2024 | -5.25 Mn |
| Dec 31, 2023 | 16.58 Mn |
| Dec 31, 2023 | 16.58 Mn |
| Sep 30, 2023 | -395.10 Mn |
| Sep 30, 2023 | -395.10 Mn |
| Jun 30, 2023 | 180.06 Mn |
| Jun 30, 2023 | 180.06 Mn |
| Mar 31, 2023 | -173.94 Mn |
| Mar 31, 2023 | -173.94 Mn |
| Dec 31, 2022 | -1.00 Bn |
| Dec 31, 2022 | -1.00 Bn |
| Sep 30, 2022 | -413.55 Mn |
| Sep 30, 2022 | -413.55 Mn |
| Jun 30, 2022 | -216.22 Mn |
| Jun 30, 2022 | -216.22 Mn |
| Mar 31, 2022 | 45.75 Mn |
| Mar 31, 2022 | 45.75 Mn |
| Dec 31, 2021 | -720.26 Mn |
| Dec 31, 2021 | -720.26 Mn |
| Sep 30, 2021 | 263.53 Mn |
| Sep 30, 2021 | 263.53 Mn |
| Jun 30, 2021 | -1.10 Bn |
| Jun 30, 2021 | -1.10 Bn |
| Mar 31, 2021 | 3.06 Bn |
| Mar 31, 2021 | 3.06 Bn |
| Dec 31, 2020 | 902.77 Mn |
| Dec 31, 2020 | 902.77 Mn |
| Sep 30, 2020 | 348.19 Mn |
| Sep 30, 2020 | 348.19 Mn |
| Jun 30, 2020 | 76.06 Mn |
| Jun 30, 2020 | 76.06 Mn |
| Mar 31, 2020 | -62.29 Mn |
| Mar 31, 2020 | -62.29 Mn |
| Dec 31, 2019 | 171.12 Mn |
| Dec 31, 2019 | 171.12 Mn |
| Sep 30, 2019 | 63.06 Mn |
| Sep 30, 2019 | 63.06 Mn |
| Jun 30, 2019 | 26.11 Mn |
| Jun 30, 2019 | 26.11 Mn |
| Mar 31, 2019 | -887,000.00 |
| Mar 31, 2019 | -887,000.00 |
| Dec 31, 2018 | 48.06 Mn |
| Dec 31, 2018 | 48.06 Mn |
| Sep 30, 2018 | 6.64 Mn |
| Sep 30, 2018 | 6.64 Mn |
| Jun 30, 2018 | -33.47 Mn |
| Jun 30, 2018 | -33.47 Mn |
| Mar 31, 2018 | 20.87 Mn |
| Mar 31, 2018 | 20.87 Mn |
| Dec 31, 2017 | 11.47 Mn |
| Dec 31, 2017 | 11.47 Mn |
| Sep 30, 2017 | 2.28 Mn |
| Sep 30, 2017 | 2.28 Mn |
| Jun 30, 2017 | -11.65 Mn |
| Jun 30, 2017 | -11.65 Mn |
| Mar 31, 2017 | -35.02 Mn |
| Mar 31, 2017 | -35.02 Mn |
| Dec 31, 2016 | 10.41 Mn |
| Dec 31, 2016 | 10.41 Mn |
| Sep 30, 2016 | -23.46 Mn |
| Sep 30, 2016 | -23.46 Mn |
| Jun 30, 2016 | -833,000.00 |
| Jun 30, 2016 | -833,000.00 |
| Mar 31, 2016 | 2.84 Mn |
| Mar 31, 2016 | 2.84 Mn |
| Dec 31, 2015 | -20.98 Mn |
| Dec 31, 2015 | -20.98 Mn |
| Sep 30, 2015 | -24.18 Mn |
| Sep 30, 2015 | -24.18 Mn |
| Jun 30, 2015 | -22.40 Mn |
| Jun 30, 2015 | -22.40 Mn |
| Mar 31, 2015 | -14.67 Mn |
| Mar 31, 2015 | -14.67 Mn |
| Dec 31, 2014 | -10.26 Mn |
| Dec 31, 2014 | -10.26 Mn |
| Sep 30, 2014 | -12.15 Mn |
| Sep 30, 2014 | -12.15 Mn |
| Jun 30, 2014 | 105.35 Mn |
| Jun 30, 2014 | 105.35 Mn |
| Mar 31, 2014 | 58.23 Mn |
| Mar 31, 2014 | 58.23 Mn |
| Dec 31, 2013 | -5.88 Mn |
| Dec 31, 2013 | -5.88 Mn |
| Sep 30, 2013 | 3.55 Mn |
| Sep 30, 2013 | 3.55 Mn |
| Jun 30, 2013 | 2.91 Mn |
| Jun 30, 2013 | 2.91 Mn |
| Mar 31, 2013 | -4.88 Mn |
| Mar 31, 2013 | -4.88 Mn |
| Dec 31, 2012 | -80,345.00 |
| Dec 31, 2012 | -80,345.00 |
| Sep 30, 2012 | -6.39 Mn |
| Sep 30, 2012 | -6.39 Mn |
| Jun 30, 2012 | -4.98 Mn |
| Jun 30, 2012 | -4.98 Mn |
| Mar 31, 2012 | 6.97 Mn |
| Mar 31, 2012 | 6.97 Mn |
| Dec 31, 2011 | -8.92 Mn |
| Dec 31, 2011 | -8.92 Mn |
| Sep 30, 2011 | -4.35 Mn |
| Sep 30, 2011 | -4.35 Mn |
| Jun 30, 2011 | 14.15 Mn |
| Jun 30, 2011 | 14.15 Mn |
| Mar 31, 2011 | 2.05 Mn |
| Mar 31, 2011 | 2.05 Mn |
| Dec 31, 2010 | 617,994.00 |
| Dec 31, 2010 | 617,994.00 |
| Sep 30, 2010 | 6.52 Mn |
| Sep 30, 2010 | 6.52 Mn |