Plug Power (PLUG) Payables (2010 - 2026)
Plug Power (PLUG) posted Payables of $144.26 million for Q2 2026, down 51.5% from $297.38 million a year earlier and down 1.7% from the prior quarter.
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Analysis
Plug Power (PLUG) Payables (2010 - 2026) Analysis & Trends
At the end of FY2025, Plug Power's Payables came in at $171.33 million, down 28.4% from FY2024.
- Annual Payables shows a five-year compound annual growth rate of 27.8% (FY2020 to FY2025).
- In prior years, Plug Power's Payables was $239.24 million in FY2024 (-7.2%), $257.83 million in FY2023 (+34.4%), $191.9 million in FY2022 (+107.9%) and $92.31 million in FY2021 (+83.9%).
- The Q2 2026 figure stands as the lowest quarterly Payables since Q1 2022.
- On a year-over-year basis, Payables has declined in each of the last three quarters, with an average decline of 14.7% over the last eight quarters.
- The strongest year-over-year quarter for Payables in the past five years was Q3 2022, with growth of 192.3%; the weakest was Q2 2026, with a decline of 51.5%.
- According to Business Quant data, Payables for the three prior quarters was $146.75 million (Q1 2026), $171.33 million (Q4 2025) and $306.21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | 144.26 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | 36.69 Mn |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 121.69 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | 25.80 Mn |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 21.15 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | 33.39 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | - |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | 82.05 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | 443,000.00 |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | 279,726.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 144.26 Mn |
| 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 |
API Access
Plug Power Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();