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
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