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
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