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Plug Power (PLUG) Operating Leases (2019 - 2025)

Plug Power (PLUG) has disclosed Operating Leases for 7 consecutive years, with $194.7 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Leases fell 19.59% to $194.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $194.7 million, a 19.59% decrease, with the full-year FY2025 number at $194.7 million, down 19.59% from a year prior.
  • Operating Leases was $194.7 million for Q4 2025 at Plug Power, down from $209.3 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $295.2 million in Q3 2023 to a low of $103.5 million in Q1 2021.
  • A 5-year average of $224.3 million and a median of $236.6 million in 2024 define the central range for Operating Leases.
  • Peak YoY movement for Operating Leases: surged 109.22% in 2021, then fell 19.59% in 2025.
  • Plug Power's Operating Leases stood at $175.6 million in 2021, then skyrocketed by 54.58% to $271.5 million in 2022, then increased by 7.55% to $292.0 million in 2023, then fell by 17.07% to $242.1 million in 2024, then dropped by 19.59% to $194.7 million in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Operating Leases are $194.7 million (Q4 2025), $209.3 million (Q3 2025), and $227.3 million (Q2 2025).