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| 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 |