Growth Metrics

Plug Power (PLUG) Notes Payables (2016 - 2026)

Plug Power (PLUG) reported Notes Payables of $2.5 million for Q1 2026, down 95.73% year-over-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) has 4 years of Notes Payables data on file, last reported at $2.5 million in Q1 2026.

  • Quarterly Notes Payables fell 95.73% year-over-year to $2.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.5 million (down 95.73% YoY) and the FY2025 annual result came in at $2.6 million, down 95.57% from the prior year.
  • Notes Payables eased to $2.5 million in Q1 2026 per PLUG's latest filing, from $2.6 million in the prior quarter.
  • Across five years, Notes Payables topped out at $145.3 million in Q2 2025 and bottomed at $2.5 million in Q1 2026.
  • The 3-year median for Notes Payables is $58.3 million (2024), against an average of $67.0 million.
  • The widest annual swing landed in 2025, when Notes Payables jumped 147.55%; it then slumped 95.73% in 2026.
  • Tracing PLUG's Notes Payables over 3 years: stood at $58.3 million in 2024, then sank by 95.57% to $2.6 million in 2025, then slipped by 3.41% to $2.5 million in 2026.
  • Per Business Quant, the three latest PLUG Notes Payables figures stand at $2.5 million (Q1 2026), $2.6 million (Q4 2025), and $144.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn
10 Hayward Holdings 3.01 Bn 2.78 Bn 118.70 Mn

Historic Data

Download Data 🔒
DateValue
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