Plug Power (PLUG) Notes Payables (2016 - 2026)
Plug Power (PLUG) posted quarterly 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 reported Notes Payables for 4 consecutive years, with $2.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Notes Payables fell 95.73% year-over-year to $2.5 million; the TTM figure through Mar 2026 stood at $2.5 million (down 95.73% YoY), while the FY2025 annual figure was $2.6 million, down 95.57% from the prior year.
- Notes Payables fell 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.
- Historically, Notes Payables has averaged $67.0 million across 3 years, with a median of $58.3 million in 2024.
- Annual changes were most pronounced in 2025 — Notes Payables soared 147.55% — and 2026, when it plunged 95.73%.
- Plug Power's Notes Payables stood at $58.3 million in 2024, then plunged by 95.57% to $2.6 million in 2025, then fell 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 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 |