Plug Power (PLUG) Notes Payables (2016 - 2026)
Plug Power's (PLUG) quarterly Notes Payables came in at $2.5 million in Q1 2026, down 95.73% year-on-year from $58.4 million in Q1 2025, and down 3.41% on a QoQ basis from $2.6 million in Q4 2025.
Plug Power (PLUG) Notes Payables (2016 - 2026) Analysis & Trends
Plug Power (PLUG) has 4 years of Notes Payables data on file, last reported at $2.5 million in Q1 2026.
- On a quarterly basis, Notes Payables fell 95.73% year-over-year to $2.5 million in Q1 2026; TTM through Mar 2026 was $2.5 million, a 95.73% decrease from a year earlier, with the FY2025 full-year figure at $2.6 million, down 95.57% from the prior year.
- Notes Payables for Q1 2026 stood at $2.5 million, down from $2.6 million in the prior quarter.
- Over the last five years, Notes Payables for PLUG reached as high as $145.3 million in Q2 2025 and fell as low as $2.5 million in Q1 2026.
- Historically, Notes Payables has averaged $67.0 million across 3 years, with a median of $58.3 million in 2024.
- Across the five-year window, Notes Payables jumped 147.55% in 2025 and slumped 95.73% in 2026, its largest moves.
- Year by year, Notes Payables stood at $58.3 million in 2024, then plunged by 95.57% to $2.6 million in 2025, then decreased by 3.41% to $2.5 million in 2026.
- Per Business Quant data, the three most recent Notes Payables figures were $2.5 million in Q1 2026, $2.6 million in Q4 2025, and $144.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.50 Mn |
| Dec 31, 2025 | 2.58 Mn |
| Sep 30, 2025 | 143.98 Mn |
| Jun 30, 2025 | 145.32 Mn |
| Mar 31, 2025 | 58.38 Mn |
| Dec 31, 2024 | 58.27 Mn |
| Sep 30, 2024 | 58.16 Mn |
| Mar 31, 2016 | 23.96 Mn |