Plug Power (PLUG) Payables (2010 - 2026)

Plug Power's (PLUG) quarterly Payables came in at $146.7 million in Q1 2026, down 41.3% year-on-year from $250.0 million in Q1 2025, and down 14.35% on a QoQ basis 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.

  • On a quarterly basis, Payables fell 41.3% year-over-year to $146.7 million in Q1 2026; TTM through Mar 2026 was $146.7 million, a 41.3% decrease from a year earlier, with the FY2025 full-year figure at $171.3 million, down 28.39% from the prior year.
  • Payables for Q1 2026 stood at $146.7 million, down from $171.3 million in the prior quarter.
  • Over the last five years, Payables for PLUG reached as high as $306.2 million in Q3 2025 and fell as low as $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.
  • Across the five-year window, Payables soared 192.29% in 2022 and slumped 41.3% in 2026, its largest moves.
  • Year by year, Payables stood at $191.9 million in 2022, then surged by 34.36% to $257.8 million in 2023, then fell by 7.21% to $239.2 million in 2024, then decreased by 28.39% to $171.3 million in 2025, then retreated by 14.35% to $146.7 million in 2026.
  • Per Business Quant data, the three most recent Payables figures were $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 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 8.12 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 1.95 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 241.65 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 605.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 422.00 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 272.10 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 363.90 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 75.14 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 383.39 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn 146.75 Mn

Historic Data

Download Data
DateValue
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