Plug Power (PLUG) Work In Process (2013 - 2026)
Plug Power's (PLUG) quarterly Work In Process came in at $95.6 million in Q1 2026, down 22.3% year-on-year from $123.0 million in Q1 2025, and up 13.45% on a QoQ basis 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.
- On a quarterly basis, Work In Process fell 22.3% year-over-year to $95.6 million in Q1 2026; TTM through Mar 2026 was $95.6 million, a 22.3% decrease from a year earlier, with the FY2025 full-year figure at $84.2 million, down 35.1% from the prior year.
- Work In Process for Q1 2026 stood at $95.6 million, up from $84.2 million in the prior quarter.
- Over the last five years, Work In Process for PLUG reached as high as $234.0 million in Q3 2023 and fell as low as $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.
- Across the five-year window, Work In Process jumped 138.3% in 2023 and tumbled 38.53% in 2025, its largest moves.
- Year by year, Work In Process stood at $112.2 million in 2022, then surged by 33.27% to $149.6 million in 2023, then decreased by 13.2% to $129.8 million in 2024, then slumped by 35.1% to $84.2 million in 2025, then climbed by 13.45% to $95.6 million in 2026.
- Per Business Quant data, the three most recent Work In Process figures were $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 | 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| Date | Value |
|---|---|
| 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 |