Plug Power (PLUG) Other Working Capital Changes (2010 - 2026)
Plug Power (PLUG) posted quarterly Other Working Capital Changes of -$17.5 million for Q1 2026, down 211.91% year-over-year from $15.7 million in Q1 2025, and down 211.91% quarter-over-quarter from -$5.6 million in Q1 2025.
Plug Power (PLUG) Other Working Capital Changes (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Other Working Capital Changes for 17 consecutive years, with $9.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Other Working Capital Changes rose 123.01% year-over-year to $9.3 million; the TTM figure through Mar 2026 stood at $25.1 million (up 205.18% YoY), while the FY2025 annual figure was -$24.8 million, down 179.48% from the prior year.
- Other Working Capital Changes eased to -$17.5 million in Q1 2026 per PLUG's latest filing, from -$5.6 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at -$5.6 million in Q1 2025 and bottomed at -$17.5 million in Q1 2026.
- Historically, Other Working Capital Changes has averaged $4.5 million across 5 years, with a median of $9.3 million in 2026.
- Annual changes were most pronounced in 2022 — Other Working Capital Changes jumped 484.08% — and 2023, when it sank 495.09%.
- Plug Power's Other Working Capital Changes stood at $9.9 million in 2022, then tumbled by 495.09% to -$39.0 million in 2023, then soared by 70.08% to -$11.7 million in 2024, then surged by 158.13% to $6.8 million in 2025, then jumped by 37.75% to $9.3 million in 2026.
- Business Quant data shows PLUG's Other Working Capital Changes at $9.3 million in Q1 2026, $6.8 million in Q4 2025, and $10.1 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 |
|---|---|
| Jun 30, 2026 | 1.85 Mn |
| Jun 30, 2026 | 1.85 Mn |
| Jun 30, 2026 | 1.85 Mn |
| Mar 31, 2026 | 9.34 Mn |
| Mar 31, 2026 | 9.34 Mn |
| Mar 31, 2026 | 9.34 Mn |
| Dec 31, 2025 | 6.78 Mn |
| Dec 31, 2025 | 6.78 Mn |
| Dec 31, 2025 | 6.78 Mn |
| Sep 30, 2025 | 10.13 Mn |
| Sep 30, 2025 | 10.13 Mn |
| Sep 30, 2025 | 10.13 Mn |
| Jun 30, 2025 | -1.12 Mn |
| Jun 30, 2025 | -1.12 Mn |
| Jun 30, 2025 | -1.12 Mn |
| Mar 31, 2025 | -40.58 Mn |
| Mar 31, 2025 | -40.58 Mn |
| Mar 31, 2025 | -40.58 Mn |
| Dec 31, 2024 | -11.66 Mn |
| Dec 31, 2024 | -11.66 Mn |