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| 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 |