Plug Power (PLUG) Receivables (2010 - 2026)
Plug Power's (PLUG) quarterly Receivables came in at $211.6 million in Q1 2026, down 10.51% year-on-year from $236.5 million in Q1 2025, and down 11.84% on a QoQ basis 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.
- On a quarterly basis, Receivables fell 10.51% year-over-year to $211.6 million in Q1 2026; TTM through Mar 2026 was $211.6 million, a 10.51% decrease from a year earlier, with the FY2025 full-year figure at $240.0 million, down 4.48% from the prior year.
- Receivables for Q1 2026 stood at $211.6 million, down from $240.0 million in the prior quarter.
- Over the last five years, Receivables for PLUG reached as high as $370.1 million in Q4 2023 and fell as low as $77.4 million in Q1 2022.
- Historically, Receivables has averaged $235.7 million across 5 years, with a median of $236.5 million in 2025.
- Across the five-year window, Receivables jumped 213.69% in 2023 and sank 39.94% in 2025, its largest moves.
- Year by year, Receivables stood at $191.9 million in 2022, then surged by 92.83% to $370.1 million in 2023, then plunged by 32.09% to $251.3 million in 2024, then slipped by 4.48% to $240.0 million in 2025, then decreased by 11.84% to $211.6 million in 2026.
- Per Business Quant data, the three most recent Receivables figures were $211.6 million in Q1 2026, $240.0 million in Q4 2025, and $193.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 19.47 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 3.15 Bn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 602.00 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 1.03 Bn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 828.50 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 376.70 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 610.90 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 351.61 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 521.45 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 Bn | -21.61 Mn | 211.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 211.61 Mn |
| Dec 31, 2025 | 240.03 Mn |
| Sep 30, 2025 | 192.98 Mn |
| Jun 30, 2025 | 236.46 Mn |
| Mar 31, 2025 | 236.47 Mn |
| Dec 31, 2024 | 251.30 Mn |
| Sep 30, 2024 | 321.33 Mn |
| Jun 30, 2024 | 322.76 Mn |
| Mar 31, 2024 | 290.37 Mn |
| Dec 31, 2023 | 370.06 Mn |
| Sep 30, 2023 | 275.57 Mn |
| Jun 30, 2023 | 315.15 Mn |
| Mar 31, 2023 | 226.73 Mn |
| Dec 31, 2022 | 191.91 Mn |
| Sep 30, 2022 | 145.87 Mn |
| Jun 30, 2022 | 100.46 Mn |
| Mar 31, 2022 | 77.36 Mn |
| Dec 31, 2021 | 131.31 Mn |
| Sep 30, 2021 | 132.37 Mn |
| Jun 30, 2021 | 91.36 Mn |