Plug Power (PLUG) Receivables (2010 - 2026)
Plug Power (PLUG) posted quarterly Receivables of $211.6 million for Q1 2026, down 10.51% year-over-year from $236.5 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 reported Receivables for 17 consecutive years, with $211.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Receivables fell 10.51% year-over-year to $211.6 million; the TTM figure through Mar 2026 stood at $211.6 million (down 10.51% YoY), while the FY2025 annual figure was $240.0 million, down 4.48% from the prior year.
- Receivables eased to $211.6 million in Q1 2026 per PLUG's latest filing, from $240.0 million in the prior quarter.
- Across five years, Receivables topped out at $322.8 million in Q2 2024 and bottomed at $77.4 million in Q1 2022.
- Historically, Receivables has averaged $230.5 million across 5 years, with a median of $236.5 million in 2025.
- Annual changes were most pronounced in 2023 — Receivables soared 213.69% — and 2025, when it tumbled 39.94%.
- Plug Power's Receivables stood at $191.9 million in 2022, then jumped by 47.07% to $282.2 million in 2023, then fell by 10.96% to $251.3 million in 2024, then retreated by 4.48% to $240.0 million in 2025, then fell 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 $193.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 3.75 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 823.59 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 969.30 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 1.22 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 403.60 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 610.90 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 478.41 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 554.31 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 158.52 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 229.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 229.04 Mn |
| 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 | 282.24 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 | 77.39 Mn |
| Sep 30, 2021 | 132.37 Mn |