Plug Power (PLUG) Receivables - Net (2010 - 2026)
Plug Power (PLUG) posted quarterly Receivables - Net of $106.5 million for Q1 2026, down 26.52% year-over-year from $145.0 million in Q1 2025, and down 20.96% quarter-over-quarter from $134.8 million in Q4 2025.
Plug Power (PLUG) Receivables - Net (2010 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Receivables - Net for 17 consecutive years, with $106.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Receivables - Net fell 26.52% year-over-year to $106.5 million; the TTM figure through Mar 2026 stood at $106.5 million (down 26.52% YoY), while the FY2025 annual figure was $134.8 million, down 14.3% from the prior year.
- Receivables - Net slipped to $106.5 million in Q1 2026 per PLUG's latest filing, from $134.8 million in the prior quarter.
- Across five years, Receivables - Net topped out at $216.6 million in Q2 2023 and bottomed at $38.7 million in Q1 2022.
- Historically, Receivables - Net has averaged $136.5 million across 5 years, with a median of $138.7 million in 2025.
- Annual changes were most pronounced in 2022 — Receivables - Net tumbled 32.68% — and 2023, when it surged 252.26%.
- Plug Power's Receivables - Net stood at $129.4 million in 2022, then climbed by 20.5% to $156.0 million in 2023, then advanced by 0.8% to $157.2 million in 2024, then retreated by 14.3% to $134.8 million in 2025, then slipped by 20.96% to $106.5 million in 2026.
- Business Quant data shows PLUG's Receivables - Net at $106.5 million in Q1 2026, $134.8 million in Q4 2025, and $124.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.89 Bn | 97.78 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.81 Bn | 56.14 Bn | 355.57 Mn |
| 3 | nVent Electric | 25.13 Bn | 24.87 Bn | 558.00 Mn |
| 4 | Hubbell | 25.07 Bn | 24.67 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.22 Bn | 9.81 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.39 Bn | 9.98 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.59 Bn | 95.30 Mn |
| 8 | EnerSys | 6.96 Bn | 6.42 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.21 Bn | 2.72 Bn | 155.05 Mn |
| 10 | Plug Power | 3.18 Bn | 2.86 Bn | -1.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 125.86 Mn |
| Jun 30, 2026 | 125.86 Mn |
| 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 |