Plug Power (PLUG) Payables (2010 - 2026)
Plug Power (PLUG) posted quarterly 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 reported Payables for 17 consecutive years, with $146.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Payables fell 41.3% year-over-year to $146.7 million; the TTM figure through Mar 2026 stood at $146.7 million (down 41.3% YoY), while the FY2025 annual figure was $171.3 million, down 28.39% from the prior year.
- Payables fell to $146.7 million in Q1 2026 per PLUG's latest filing, from $171.3 million in the prior quarter.
- Across five years, Payables topped out at $306.2 million in Q3 2025 and bottomed at $78.7 million in Q1 2022.
- Historically, Payables has averaged $223.0 million across 5 years, with a median of $239.2 million in 2024.
- Annual changes were most pronounced in 2022 — Payables surged 192.29% — and 2026, when it plunged 41.3%.
- Plug Power's Payables stood at $191.9 million in 2022, then soared by 34.36% to $257.8 million in 2023, then dropped by 7.21% to $239.2 million in 2024, then fell by 28.39% to $171.3 million in 2025, then declined 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 2.47 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 309.93 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 496.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 650.50 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 316.30 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 363.90 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 86.57 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 363.83 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 92.22 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 144.26 Mn |
Historic Data
Download 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 |