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| Date | Value |
|---|---|
| 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 |