Plug Power Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	368.54	205.69	135.03	690.63	2,481
Short-Term Investments	-	-	-	1,468	1,388
Cash & Short-Term Investments	368.54	205.69	135.03	2,158	3,870
Cash Growth	79.17%	52.33%	-93.74%	-44.22%	194.84%
Accounts Receivable	240.03	251.3	370.06	191.91	131.31
Other Receivables	-	31.3	-	3	3.7
Receivables	240.03	282.6	370.06	194.91	135.01
Inventory	520.97	682.64	961.25	645.64	269.16
Prepaid Expenses	93.99	108.55	104.07	147.39	56.19
Restricted Cash	186.75	198.01	216.55	158.96	118.63
Total Current Assets	1,410	1,477	1,787	3,305	4,449
Property, Plant & Equipment	508.06	1,136	1,893	1,134	500.65
Long-Term Investments	46.91	85.49	63.78	31.25	12.89
Goodwill	-	-	-	248.61	220.44
Other Intangible Assets	29.23	84.66	188.89	207.73	158.21
Long-Term Accounts Receivable	24.14	23.96	29.74	41.83	0.12
Other Long-Term Assets	575.97	795.01	939.94	795.74	609.24
Total Assets	2,595	3,603	4,903	5,764	5,950
Accounts Payable	168.74	180.97	257.83	191.9	92.31
Accrued Expenses	128.01	83.11	116.76	103.34	72.5
Current Portion of Long-Term Debt	79.37	136.72	76.72	60.54	52.75
Current Portion of Leases	81.34	89.68	83.16	60.54	40.08
Current Unearned Revenue	66.74	144.09	204.14	131.81	116.38
Other Current Liabilities	86.38	113.93	226.19	87.15	46.54
Total Current Liabilities	610.59	748.49	964.8	635.28	420.55
Long-Term Debt	624.13	522.19	473.27	454.44	504.53
Long-Term Leases	212.34	330.04	335.7	323.21	212.79
Long-Term Unearned Revenue	34.2	58.53	84.16	98.09	66.71
Other Long-Term Liabilities	110	135.83	146.68	193.05	139.8
Total Liabilities	1,591	1,795	2,005	1,704	1,344
Common Stock	13.94	9.34	6.25	6.08	5.95
Additional Paid-In Capital	9,186	8,431	7,495	7,297	7,071
Retained Earnings	-8,226	-6,594	-4,490	-3,121	-2,397
Treasury Stock	-2.95	-108.8	-106.27	-96.26	-72.53
Comprehensive Income & Other	6.8	-2.5	-6.8	-26	-1.53
Total Common Equity	978.07	1,734	2,898	4,060	4,606
Minority Interest	25.25	73.62	-	-	-
Shareholders' Equity	1,003	1,808	2,898	4,060	4,606
Total Liabilities & Equity	2,595	3,603	4,903	5,764	5,950
Total Debt	997.17	1,079	968.85	898.73	810.15
Net Cash (Debt)	-628.63	-872.94	-833.82	1,260	3,059
Net Cash Growth	-	-	-	-58.83%	307.66%
Net Cash Per Share	-0.55	-1.11	-1.40	2.17	5.48
Filing Date Shares Outstanding	1,393	925.18	684.26	593.39	577.86
Total Common Shares Outstanding	1,393	913.9	606.14	590.35	577.65
Working Capital	799.68	729	822.17	2,670	4,028
Book Value Per Share	0.70	1.90	4.78	6.88	7.97
Tangible Book Value	948.84	1,649	2,709	3,604	4,227
Tangible Book Value Per Share	0.68	1.80	4.47	6.10	7.32
Land	-	5.6	6.05	1.77	1.17
Machinery	-	343.09	77.11	48.15	-
Construction In Progress	-	502.94	1,110	575.14	169.42
Leasehold Improvements	-	15.63	95.23	21.36	2.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.