Plug Power (PLUG) Receivables - Net (2010 - 2026)

Plug Power's (PLUG) quarterly Receivables - Net came in at $106.5 million in Q1 2026, down 26.52% year-on-year from $145.0 million in Q1 2025, and down 20.96% on a QoQ basis from $134.8 million in Q4 2025.

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

Plug Power (PLUG) has 17 years of Receivables - Net data on file, last reported at $106.5 million in Q1 2026.

  • On a quarterly basis, Receivables - Net fell 26.52% year-over-year to $106.5 million in Q1 2026; TTM through Mar 2026 was $106.5 million, a 26.52% decrease from a year earlier, with the FY2025 full-year figure at $134.8 million, down 14.3% from the prior year.
  • Receivables - Net for Q1 2026 stood at $106.5 million, down from $134.8 million in the prior quarter.
  • Over the last five years, Receivables - Net for PLUG reached as high as $243.8 million in Q4 2023 and fell as low as $38.7 million in Q1 2022.
  • Historically, Receivables - Net has averaged $141.7 million across 5 years, with a median of $138.7 million in 2025.
  • Across the five-year window, Receivables - Net soared 252.26% in 2023 and plunged 35.51% in 2024, its largest moves.
  • Year by year, Receivables - Net stood at $129.4 million in 2022, then soared by 88.34% to $243.8 million in 2023, then slumped by 35.51% to $157.2 million in 2024, then slipped by 14.3% to $134.8 million in 2025, then declined by 20.96% to $106.5 million in 2026.
  • Per Business Quant data, the three most recent Receivables - Net figures were $106.5 million in Q1 2026, $134.8 million in Q4 2025, and $124.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 106.51 Mn
Mar 31, 2026 106.51 Mn
Dec 31, 2025 134.76 Mn
Dec 31, 2025 134.76 Mn
Sep 30, 2025 124.03 Mn
Sep 30, 2025 124.03 Mn
Jun 30, 2025 138.74 Mn
Jun 30, 2025 138.74 Mn
Mar 31, 2025 144.95 Mn
Mar 31, 2025 144.95 Mn
Dec 31, 2024 157.24 Mn
Dec 31, 2024 157.24 Mn
Sep 30, 2024 175.83 Mn
Sep 30, 2024 175.83 Mn
Jun 30, 2024 189.86 Mn
Jun 30, 2024 189.86 Mn
Mar 31, 2024 160.37 Mn
Mar 31, 2024 160.37 Mn
Dec 31, 2023 243.81 Mn
Dec 31, 2023 243.81 Mn