Plug Power (PLUG) Receivables (2010 - 2026)

Plug Power (PLUG) reported Receivables of $211.6 million for Q1 2026, up 183.66% year-over-year from $74.6 million in Q1 2025, and down 11.84% quarter-over-quarter from $240.0 million in Q4 2025.

Plug Power (PLUG) Receivables (2010 - 2026) Analysis & Trends

Plug Power (PLUG) has 17 years of Receivables data on file, last reported at $211.6 million in Q1 2026.

  • Receivables for Q1 2026 came in at $211.6 million, up 183.66% year-over-year; the trailing twelve-month figure through Mar 2026 was $211.6 million (up 183.66% YoY), and the FY2025 annual result was $105.3 million, down 54.42% from the prior year.
  • Receivables fell to $211.6 million in Q1 2026 per PLUG's latest filing, from $240.0 million in the prior quarter.
  • Over five years, Receivables peaked at $399.8 million in Q4 2023 and troughed at $70.0 million in Q3 2025.
  • A 5-year average of $224.4 million and a median of $240.0 million in 2025 frame the typical range for Receivables.
  • The sharpest annual moves came in 2023 and 2025: Receivables jumped 239.04% in 2023, then slumped 79.61% in 2025.
  • A 5-year view of Receivables shows it stood at $233.7 million in 2022, then soared by 71.05% to $399.8 million in 2023, then tumbled by 37.14% to $251.3 million in 2024, then fell by 4.48% to $240.0 million in 2025, then declined by 11.84% to $211.6 million in 2026.
  • Business Quant data shows PLUG's Receivables at $211.6 million in Q1 2026, $240.0 million in Q4 2025, and $70.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Receivables (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 29.79 Mn
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 3.15 Bn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 665.28 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 1.02 Bn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 1.03 Bn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 376.70 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 351.61 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 27.64 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 579.00 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn 211.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 211.61 Mn
Dec 31, 2025 240.03 Mn
Sep 30, 2025 69.96 Mn
Jun 30, 2025 98.51 Mn
Mar 31, 2025 74.60 Mn
Dec 31, 2024 251.30 Mn
Sep 30, 2024 343.05 Mn
Jun 30, 2024 322.76 Mn
Mar 31, 2024 309.20 Mn
Dec 31, 2023 399.80 Mn
Sep 30, 2023 304.64 Mn
Jun 30, 2023 341.23 Mn
Mar 31, 2023 252.15 Mn
Dec 31, 2022 233.74 Mn
Sep 30, 2022 166.35 Mn
Jun 30, 2022 100.65 Mn
Mar 31, 2022 96.04 Mn
Dec 31, 2021 131.31 Mn
Sep 30, 2021 141.65 Mn
Jun 30, 2021 102.91 Mn