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% on a QoQ basis from $84.2 million in Q4 2025.
Plug Power (PLUG) has 14 years of Work In Process data on file, last reported at $95.6 million in Q1 2026.
- Quarterly Work In Process fell 22.3% year-over-year to $95.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $95.6 million (down 22.3% YoY) and the FY2025 annual result came in at $84.2 million, down 35.1% from the prior year.
- Work In Process grew 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.
- The 5-year median for Work In Process is $123.0 million (2025), against an average of $126.5 million.
- The widest annual swing landed in 2023, when Work In Process jumped 138.3%; it then tumbled 38.53% in 2025.
- Tracing PLUG's Work In Process over 5 years: stood at $112.2 million in 2022, then soared by 33.27% to $149.6 million in 2023, then slipped by 13.2% to $129.8 million in 2024, then tumbled by 35.1% to $84.2 million in 2025, then grew by 13.45% to $95.6 million in 2026.
- Per Business Quant, the three latest PLUG Work In Process figures stand at $95.6 million (Q1 2026), $84.2 million (Q4 2025), and $90.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 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 |
| Mar 31, 2021 | 46.12 Mn |
| Dec 31, 2020 | 29.35 Mn |
| Sep 30, 2020 | 30.42 Mn |
| Jun 30, 2020 | 27.29 Mn |
| Mar 31, 2020 | 20.23 Mn |
| Dec 31, 2019 | 12.53 Mn |
| Sep 30, 2019 | 5.87 Mn |
| Jun 30, 2019 | 12.54 Mn |
| Mar 31, 2019 | 11.99 Mn |
| Dec 31, 2018 | 5.59 Mn |
| Sep 30, 2018 | 10.09 Mn |
| Jun 30, 2018 | 4.58 Mn |
| Mar 31, 2018 | 3.95 Mn |
| Dec 31, 2017 | 3.49 Mn |
| Sep 30, 2017 | 4.08 Mn |
| Jun 30, 2017 | 8.84 Mn |
| Mar 31, 2017 | 3.88 Mn |
| Dec 31, 2016 | 1.87 Mn |
| Sep 30, 2016 | 8.03 Mn |
| Jun 30, 2016 | 2.57 Mn |
| Mar 31, 2016 | 8.59 Mn |
| Dec 31, 2015 | 5.57 Mn |
| Sep 30, 2015 | 6.50 Mn |
| Jun 30, 2015 | 2.76 Mn |
| Mar 31, 2015 | 2.09 Mn |
| Dec 31, 2014 | 237,000.00 |
| Sep 30, 2014 | 312,603.00 |
| Jun 30, 2014 | 230,124.00 |
| Dec 31, 2013 | 219,327.00 |