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% quarter-over-quarter 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.
- Notes Payables for Q1 2026 came in at $2.5 million, down 95.73% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.5 million (down 95.73% YoY), and the FY2025 annual result was $2.6 million, down 95.57% from the prior year.
- Notes Payables slipped to $2.5 million in Q1 2026 per PLUG's latest filing, from $2.6 million in the prior quarter.
- Over five years, Notes Payables peaked at $145.3 million in Q2 2025 and troughed at $2.5 million in Q1 2026.
- A 3-year average of $67.0 million and a median of $58.3 million in 2024 frame the typical range for Notes Payables.
- The sharpest annual moves came in 2025 and 2026: Notes Payables soared 147.55% in 2025, then plunged 95.73% in 2026.
- A 3-year view of Notes Payables shows it stood at $58.3 million in 2024, then tumbled by 95.57% to $2.6 million in 2025, then declined by 3.41% to $2.5 million in 2026.
- Business Quant data shows PLUG's Notes Payables at $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 | Novonix | 479.97 Bn | 479.92 Bn | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 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 |