Plug Power (PLUG) Work In Process (2013 - 2026)
Plug Power (PLUG) posted quarterly Work In Process of $95.6 million for Q1 2026, down 22.3% year-over-year from $123.0 million in Q1 2025, and up 13.45% quarter-over-quarter from $84.2 million in Q4 2025.
Plug Power (PLUG) Work In Process (2013 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Work In Process for 14 consecutive years, with $95.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Work In Process fell 22.3% year-over-year to $95.6 million; the TTM figure through Mar 2026 stood at $95.6 million (down 22.3% YoY), while the FY2025 annual figure was $84.2 million, down 35.1% from the prior year.
- Work In Process climbed to $95.6 million in Q1 2026 per PLUG's latest filing, from $84.2 million in the prior quarter.
- Across five years, Work In Process topped out at $234.0 million in Q3 2023 and bottomed at $62.6 million in Q1 2022.
- Historically, Work In Process has averaged $126.5 million across 5 years, with a median of $123.0 million in 2025.
- Annual changes were most pronounced in 2023 — Work In Process soared 138.3% — and 2025, when it sank 38.53%.
- Plug Power's Work In Process stood at $112.2 million in 2022, then soared by 33.27% to $149.6 million in 2023, then fell by 13.2% to $129.8 million in 2024, then slumped by 35.1% to $84.2 million in 2025, then gained by 13.45% to $95.6 million in 2026.
- Business Quant data shows PLUG's Work In Process at $95.6 million in Q1 2026, $84.2 million in Q4 2025, and $90.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 91.18 Mn |
| Mar 31, 2026 | 95.58 Mn |
| Dec 31, 2025 | 84.25 Mn |
| Sep 30, 2025 | 90.02 Mn |
| Jun 30, 2025 | 108.42 Mn |
| Mar 31, 2025 | 123.02 Mn |
| Dec 31, 2024 | 129.82 Mn |
| Sep 30, 2024 | 146.44 Mn |
| Jun 30, 2024 | 144.54 Mn |
| Mar 31, 2024 | 156.15 Mn |
| Dec 31, 2023 | 149.57 Mn |
| Sep 30, 2023 | 233.96 Mn |
| Jun 30, 2023 | 190.05 Mn |
| Mar 31, 2023 | 139.01 Mn |
| Dec 31, 2022 | 112.23 Mn |
| Sep 30, 2022 | 98.18 Mn |
| Jun 30, 2022 | 86.24 Mn |
| Mar 31, 2022 | 62.56 Mn |
| Dec 31, 2021 | 58.34 Mn |
| Sep 30, 2021 | 61.53 Mn |