Plug Power (PLUG) Net Cash Flow (2010 - 2026)
Plug Power (PLUG) posted quarterly 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% quarter-over-quarter from $146.9 million in Q4 2025.
Plug Power (PLUG) Net Cash Flow (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Net Cash Flow for 17 consecutive years, with -$190.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Cash Flow fell 563.03% year-over-year to -$190.3 million; the TTM figure through Mar 2026 stood at -$276.2 million (down 172.17% YoY), while the FY2025 annual figure was -$44.9 million, up 69.64% from the prior year.
- Net Cash Flow retreated 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.
- Historically, Net Cash Flow has averaged -$137.7 million across 5 years, with a median of -$33.2 million in 2025.
- Annual changes were most pronounced in 2025 — Net Cash Flow surged 883.13% — and 2026, when it tumbled 563.03%.
- Plug Power's Net Cash Flow 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 slumped by 229.5% to -$190.3 million in 2026.
- Business Quant data shows PLUG's Net Cash Flow at -$190.3 million in Q1 2026, $146.9 million in Q4 2025, and -$33.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 680.90 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 173.11 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 70.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | -120.40 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 698.20 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 140.00 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 97.27 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 94.03 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 169.08 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | -129.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -129.95 Mn |
| Jun 30, 2026 | -129.95 Mn |
| 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 |