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
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