Plug Power Inc. (PLUG) quarterly balance sheet — complete assets, liabilities & equity history
Plug Power Inc. (PLUG) balance sheet — 28-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 1.15B | 1.27B | 1.41B | 1.19B | 1.33B | 1.53B | 1.48B | 1.63B | 1.67B | 1.77B | 1.79B | 2.24B | 2.62B | 2.98B | 3.31B | 3.65B | 3.89B | 4.1B | 4.45B | 4.79B |
| Cash & Short-Term Investments | 161.89M | 223.19M | 555.29M | 165.9M | 140.74M | 295.84M | 205.69M | 93.94M | 62.36M | 172.87M | 135.03M | 567.4M | 1.08B | 1.64B | 2.16B | 2.7B | 3.11B | 3.44B | 3.87B | 4.27B |
| Cash Only | 161.89M | 223.19M | 555.29M | 165.9M | 140.74M | 295.84M | 205.69M | 93.94M | 62.36M | 172.87M | 135.03M | 110.81M | 579.42M | 474.86M | 690.63M | 1.75B | 2.26B | 2.5B | 2.48B | 3.37B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 456.59M | 505.4M | 1.17B | 1.47B | 949.56M | 850.25M | 947.05M | 1.39B | 900.41M |
| Accounts Receivable | 125.86M | 211.61M | 240.03M | 192.98M | 236.46M | 236.47M | 251.3M | 312.72M | 322.76M | 278.82M | 370.06M | 275.57M | 315.15M | 226.73M | 191.91M | 145.87M | 100.46M | 95.97M | 131.31M | 132.37M |
| Days Sales Outstanding | 86.12 | 124.29 | 88.44 | 111.57 | 123.69 | 164.2 | 135.5 | 168.26 | 190.94 | 245.49 | 133.68 | 136.75 | 94.76 | 89.59 | 70.39 | 60.07 | 59.08 | 72.64 | 74.92 | 71.51 |
| Inventory | 493.44M | 516.15M | 520.97M | 555.09M | 643.93M | 693.47M | 682.64M | 885.76M | 939.53M | 975.9M | 961.25M | 1.02B | 904.29M | 775.65M | 645.64M | 516.28M | 429.55M | 333.38M | 269.16M | 229.81M |
| Days Inventory Outstanding | 255.24 | 252.11 | 225.23 | 185.57 | 267.56 | 298.38 | 169.36 | 306.71 | 317.37 | 334.38 | 220.66 | 263.49 | 225.93 | 228.68 | 188.69 | 185.38 | 188.93 | 153.93 | 118.73 | 115.56 |
| Other Current Assets | 258.7M | 323.83M | 93.99M | 276.92M | 308.88M | 308.13M | 337.85M | 341.6M | 347.77M | 338.99M | 216.55M | 372.72M | 312.99M | 331.8M | 161.96M | 156.69M | 146.01M | 140.12M | 118.63M | 90.69M |
| Total Non-Current Assets | 1.05B | 1.09B | 1.18B | 1.91B | 2.02B | 2.1B | 2.13B | 3.09B | 3.11B | 3.08B | 3.12B | 3.21B | 2.97B | 2.68B | 2.46B | 2.21B | 1.84B | 1.7B | 1.5B | 952.11M |
| Property, Plant & Equipment | 579.65M | 449.76M | 630.99M | 1.25B | 1.31B | 1.3B | 1.28B | 2.09B | 2.06B | 2.01B | 2B | 1.82B | 1.62B | 1.4B | 1.22B | 1.06B | 800.27M | 671.79M | 573.56M | 438.24M |
| Fixed Asset Turnover | 0.35x | 0.30x | 0.24x | 0.14x | 0.13x | 0.10x | 0.11x | 0.08x | 0.07x | 0.06x | 0.12x | 0.12x | 0.17x | 0.16x | 0.19x | 0.20x | 0.21x | 0.23x | 0.32x | 0.36x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 248.02M | 249.97M | 249.87M | 248.61M | 230.72M | 235.03M | 232.03M | 220.44M | 71.86M |
| Intangible Assets | 27.29M | 28.23M | 29.23M | 77.95M | 81.04M | 82.78M | 84.66M | 175.01M | 178.34M | 183.32M | 188.89M | 193.18M | 199.08M | 203.74M | 207.72M | 195.65M | 204.21M | 212.41M | 158.21M | 37.64M |
| Long-Term Investments | 50.7M | 45.61M | 485.61M | 43.26M | 46.2M | 85.09M | 85.49M | 92.77M | 96.81M | 66.69M | 63.78M | 78.87M | 63.46M | 67.35M | 31.25M | 41.16M | 37.01M | 41.31M | 12.89M | 0 |
| Other Non-Current Assets | 388.58M | 569.8M | 38.48M | 538.98M | 586.62M | 633.3M | 674.9M | 732.83M | 774.41M | 816.28M | 858.42M | 842.46M | 834.91M | 754.67M | 748.28M | 682.38M | 563.82M | 546.37M | 536.46M | 404.36M |
| Total Assets | 2.19B | 2.37B | 2.59B | 3.1B | 3.35B | 3.63B | 3.6B | 4.72B | 4.78B | 4.85B | 4.9B | 5.45B | 5.58B | 5.65B | 5.76B | 5.86B | 5.73B | 5.8B | 5.95B | 5.74B |
| Asset Turnover | 0.08x | 0.07x | 0.08x | 0.05x | 0.05x | 0.04x | 0.05x | 0.04x | 0.03x | 0.02x | 0.04x | 0.04x | 0.05x | 0.04x | 0.04x | 0.03x | 0.03x | 0.02x | 0.03x | 0.02x |
| Asset Growth % | -34.62% | -34.82% | -27.99% | -34.29% | -29.84% | -25.04% | -26.51% | -13.34% | -14.39% | -14.27% | -14.95% | -6.94% | -2.64% | -2.58% | -3.12% | 2.07% | -0.94% | 0.3% | 338.77% | 282.51% |
| Total Current Liabilities | 493.88M | 540.71M | 610.59M | 902.51M | 835.77M | 788.38M | 748.49M | 786.95M | 809.61M | 911.44M | 964.8M | 930.59M | 827.82M | 677.54M | 635.27M | 599.39M | 427.77M | 358.33M | 420.55M | 269.94M |
| Accounts Payable | 144.26M | 144.25M | 168.74M | 162.22M | 152.06M | 243.1M | 220.77M | 247.47M | 308.92M | 348.98M | 257.83M | 292.93M | 281.92M | 281.68M | 191.9M | 199.87M | 146.17M | 78.71M | 129.01M | 68.38M |
| Days Payables Outstanding | 72.94 | 76.08 | 69.27 | 48.64 | 79.06 | 100.58 | 50.56 | 93.49 | 109.01 | 104.74 | 61.21 | 78.54 | 75.8 | 76.2 | 63.62 | 67.82 | 55.69 | 53.06 | 46.97 | 36.38 |
| Short-Term Debt | 314K | 69.31M | 160.71M | 265.71M | 210.25M | 59.33M | 59.22M | 61.4M | 3.03M | 2.79M | 159.88M | 77.65M | 513K | 5.23M | 5.14M | 937K | 980K | 4.16M | 15.25M | 57.41M |
| Deferred Revenue (Current) | 60.3M | 68.51M | 66.74M | 88.17M | 107.06M | 137.57M | 144.09M | 132.34M | 174.83M | 179.9M | 204.14M | 176.61M | 165.11M | 137.36M | 131.81M | 108.03M | 60.31M | 92.68M | 116.38M | 35.46M |
| Other Current Liabilities | 117.59M | 72.29M | 155.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153.21M | 45.4M | 0 | 0 | 53.9M | 0 | 0 | 0 | 0 | 28.33M |
| Current Ratio | 2.32x | 2.36x | 2.31x | 1.32x | 1.59x | 1.95x | 1.97x | 2.08x | 2.07x | 1.94x | 1.85x | 2.41x | 3.16x | 4.39x | 5.20x | 6.09x | 9.10x | 11.44x | 10.58x | 17.74x |
| Quick Ratio | 1.32x | 1.40x | 1.46x | 0.70x | 0.82x | 1.07x | 1.06x | 0.95x | 0.91x | 0.87x | 0.86x | 1.31x | 2.07x | 3.25x | 4.19x | 5.23x | 8.10x | 10.51x | 9.94x | 16.89x |
| Cash Conversion Cycle | 268.42 | 300.32 | 244.4 | 248.5 | 312.19 | 362 | 254.3 | 381.48 | 399.31 | 475.13 | 293.13 | 321.7 | 244.89 | 242.07 | 195.46 | 177.63 | 192.33 | 173.5 | 146.68 | 150.69 |
| Total Non-Current Liabilities | 1.11B | 1.05B | 980.67M | 703.62M | 754.05M | 912.43M | 1.05B | 908.6M | 981.66M | 1.01B | 1.04B | 1.01B | 1.02B | 1.05B | 1.07B | 1.04B | 968.05M | 969.24M | 923.83M | 763.27M |
| Long-Term Debt | 579.21M | 504.03M | 432.32M | 122.35M | 135.32M | 256.97M | 322.99M | 151.56M | 210.98M | 210.81M | 196.47M | 196.33M | 198.26M | 198.05M | 197.84M | 258.92M | 284.95M | 297.94M | 305.43M | 316.08M |
| Capital Lease Obligations | 177.85M | 363.56M | 404.14M | 439.69M | 478.4M | 497.84M | 529.24M | 554.58M | 539.84M | 576.5M | 612.5M | 617.39M | 629.57M | 593.79M | 579.81M | 531.94M | 445.93M | 432.56M | 411.89M | 328.67M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 328.19M | 156.39M | 110M | 107.49M | 99.71M | 114.26M | 135.83M | 142.94M | 159.83M | 143.52M | 146.68M | 121.55M | 101.92M | 180.27M | 193.05M | 163.86M | 169.79M | 176.24M | 139.8M | 55.11M |
| Total Liabilities | 1.61B | 1.59B | 1.59B | 1.61B | 1.59B | 1.7B | 1.8B | 1.7B | 1.79B | 1.92B | 2B | 1.94B | 1.84B | 1.73B | 1.7B | 1.64B | 1.4B | 1.33B | 1.34B | 1.03B |
| Total Debt | 823.1M | 1.01B | 997.17M | 991.43M | 991.97M | 986.73M | 1.08B | 928.63M | 916.05M | 950.13M | 1.13B | 972.94M | 970.52M | 921.92M | 898.73M | 895.61M | 822.17M | 818.18M | 810.15M | 729.88M |
| Net Debt | 661.21M | 786.98M | 441.89M | 825.53M | 851.24M | 690.88M | 872.94M | 834.68M | 853.69M | 777.26M | 990.98M | 862.13M | 391.1M | 447.06M | 208.1M | -852.15M | -1.43B | -1.68B | -1.67B | -2.64B |
| Debt / Equity | 1.40x | 1.31x | 0.99x | 0.66x | 0.56x | 0.51x | 0.60x | 0.31x | 0.31x | 0.32x | 0.39x | 0.28x | 0.26x | 0.24x | 0.22x | 0.21x | 0.19x | 0.18x | 0.18x | 0.16x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -10.24x | -13.18x | -41.57x | -21.08x | -13.35x | -16.14x | -79.43x | -22.07x | -26.62x | -23.16x | -32.58x | -23.42x | -20.07x | -18.51x | -20.60x | -17.76x | -14.43x | -17.14x | -19.46x | -10.21x |
| Total Equity | 587.29M | 773.89M | 1B | 1.5B | 1.76B | 1.93B | 1.81B | 3.03B | 2.99B | 2.93B | 2.9B | 3.51B | 3.74B | 3.92B | 4.06B | 4.22B | 4.34B | 4.48B | 4.61B | 4.71B |
| Equity Growth % | -66.71% | -59.96% | -44.5% | -50.53% | -40.98% | -34.02% | -37.62% | -13.68% | -20.07% | -25.31% | -28.62% | -16.91% | -13.82% | -12.39% | -11.84% | -10.27% | -10.19% | -9% | 685.6% | 662.32% |
| Book Value per Share | 0.42 | 0.56 | 0.87 | 1.29 | 1.57 | 2.04 | 1.98 | 3.53 | 4.06 | 4.57 | 4.78 | 5.85 | 6.25 | 6.66 | 6.96 | 7.31 | 7.51 | 7.75 | 7.98 | 8.19 |
| Total Shareholders' Equity | 581.75M | 749.81M | 978.07M | 1.42B | 1.68B | 1.86B | 1.73B | 3.03B | 2.99B | 2.93B | 2.9B | 3.51B | 3.74B | 3.92B | 4.06B | 4.22B | 4.34B | 4.48B | 4.61B | 4.71B |
| Common Stock | 13.98M | 13.96M | 13.94M | 12.19M | 11.66M | 9.98M | 9.34M | 9M | 8.07M | 7.06M | 6.25M | 6.24M | 6.2M | 6.12M | 6.08M | 5.99M | 5.96M | 5.95M | 5.95M | 5.93M |
| Retained Earnings | -8.66B | -8.47B | -8.23B | -7.38B | -7.02B | -6.79B | -6.59B | -5.26B | -5.05B | -4.79B | -4.49B | -3.85B | -3.56B | -3.33B | -3.12B | -2.9B | -2.73B | -2.55B | -2.4B | -2.2B |
| Treasury Stock | -3.1M | -2.98M | -2.94M | -105.8M | -105.3M | -108.84M | -108.8M | -107.94M | -106.87M | -106.55M | -106.27M | -104.18M | -99.22M | -98.85M | -96.26M | -95.34M | -75.19M | -73.99M | -72.53M | -71.17M |
| Accumulated OCI | 2.45M | 3.44M | 6.8M | 3.77M | 3.48M | -5.23M | -2.5M | -1.63M | -1.95M | -9.08M | -6.8M | -1.62M | -13.76M | -19.03M | -26M | -35.02M | -28.99M | -18.46M | -1.53M | -2.34M |
| Minority Interest | 5.54M | 24.08M | 25.25M | 81.99M | 82.89M | 75.39M | 73.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |