Plug Power (PLUG) Payables (2010 - 2026)
Plug Power (PLUG) reported Payables of $146.7 million for Q1 2026, down 41.3% year-over-year from $250.0 million in Q1 2025, and down 14.35% quarter-over-quarter from $171.3 million in Q4 2025.
Plug Power (PLUG) Payables (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has 17 years of Payables data on file, last reported at $146.7 million in Q1 2026.
- Payables for Q1 2026 came in at $146.7 million, down 41.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $146.7 million (down 41.3% YoY), and the FY2025 annual result was $171.3 million, down 28.39% from the prior year.
- Payables slipped to $146.7 million in Q1 2026 per PLUG's latest filing, from $171.3 million in the prior quarter.
- Over five years, Payables peaked at $306.2 million in Q3 2025 and troughed at $78.7 million in Q1 2022.
- A 5-year average of $223.0 million and a median of $239.2 million in 2024 frame the typical range for Payables.
- The sharpest annual moves came in 2022 and 2026: Payables surged 192.29% in 2022, then plunged 41.3% in 2026.
- A 5-year view of Payables shows it stood at $191.9 million in 2022, then surged by 34.36% to $257.8 million in 2023, then slipped by 7.21% to $239.2 million in 2024, then declined by 28.39% to $171.3 million in 2025, then dropped by 14.35% to $146.7 million in 2026.
- Business Quant data shows PLUG's Payables at $146.7 million in Q1 2026, $171.3 million in Q4 2025, and $306.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | 75.39 Mn |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 1.95 Bn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 241.65 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 422.00 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 605.50 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 272.10 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 75.14 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 28.79 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 354.60 Mn |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | 146.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 146.75 Mn |
| Dec 31, 2025 | 171.33 Mn |
| Sep 30, 2025 | 306.21 Mn |
| Jun 30, 2025 | 297.38 Mn |
| Mar 31, 2025 | 250.00 Mn |
| Dec 31, 2024 | 239.24 Mn |
| Sep 30, 2024 | 265.39 Mn |
| Jun 30, 2024 | 253.72 Mn |
| Mar 31, 2024 | 285.55 Mn |
| Dec 31, 2023 | 257.83 Mn |
| Sep 30, 2023 | 292.93 Mn |
| Jun 30, 2023 | 220.47 Mn |
| Mar 31, 2023 | 188.15 Mn |
| Dec 31, 2022 | 191.90 Mn |
| Sep 30, 2022 | 199.87 Mn |
| Jun 30, 2022 | 146.17 Mn |
| Mar 31, 2022 | 78.71 Mn |
| Dec 31, 2021 | 92.31 Mn |
| Sep 30, 2021 | 68.38 Mn |
| Jun 30, 2021 | 70.03 Mn |