Plug Power (PLUG) Work In Process (2013 - 2026)

Plug Power (PLUG) reported 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 14 years of Work In Process data on file, last reported at $95.6 million in Q1 2026.

  • Work In Process for Q1 2026 came in at $95.6 million, down 22.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $95.6 million (down 22.3% YoY), and the FY2025 annual result was $84.2 million, down 35.1% from the prior year.
  • Work In Process rose to $95.6 million in Q1 2026 per PLUG's latest filing, from $84.2 million in the prior quarter.
  • Over five years, Work In Process peaked at $234.0 million in Q3 2023 and troughed at $62.6 million in Q1 2022.
  • A 5-year average of $126.5 million and a median of $123.0 million in 2025 frame the typical range for Work In Process.
  • The sharpest annual moves came in 2023 and 2025: Work In Process soared 138.3% in 2023, then sank 38.53% in 2025.
  • A 5-year view of Work In Process shows it stood at $112.2 million in 2022, then surged by 33.27% to $149.6 million in 2023, then declined by 13.2% to $129.8 million in 2024, then sank by 35.1% to $84.2 million in 2025, then rose 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Novonix 479.97 Bn 479.92 Bn -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn
10 Plug Power 3.75 Bn 3.37 Bn -21.61 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 58.15 Mn