Plug Power Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	223.19	368.54	205.69	135.03	690.63	2,481
Short-Term Investments	-	-	-	-	1,468	1,388
Cash & Short-Term Investments	223.19	368.54	205.69	135.03	2,158	3,870
Cash Growth	-24.56%	79.17%	52.33%	-93.74%	-44.22%	194.84%
Accounts Receivable	106.51	134.76	157.24	243.81	129.45	92.68
Other Receivables	105.1	105.27	94.05	26.25	62.46	38.64
Total Trade Receivables	211.61	240.03	251.3	270.06	191.91	131.31
Inventory	516.15	520.97	682.64	961.25	645.64	269.16
Other Current Assets	323.83	280.73	337.85	320.62	309.35	178.52
Total Current Assets	1,275	1,410	1,477	1,787	3,305	4,449
Net Property, Plant & Equipment	583.55	630.99	1,280	1,995	1,223	573.56
Other Intangible Assets	28.23	29.23	84.66	188.89	207.73	158.21
Goodwill	-	-	-	-	248.61	220.44
Long-Term Investments	45.61	46.91	85.49	63.78	31.25	12.89
Other Long-Term Assets	436.01	477.18	674.9	858.4	748.28	536.46
Total Assets	2,368	2,595	3,603	4,903	5,764	5,950
Accounts Payable	144.25	168.74	180.97	257.83	191.9	92.31
Accrued Expenses	113.07	128.01	103.15	200.54	156.43	79.24
Current Portion of Long-Term Debt	2.93	3.21	59.22	2.72	5.14	15.25
Current Portion of Leases	139.65	157.5	167.18	157.16	115.94	77.58
Unearned Revenue	68.51	66.74	144.09	204.14	131.81	116.38
Other Current Liabilities	72.29	86.38	93.89	142.41	34.06	39.8
Total Current Liabilities	540.71	610.59	748.49	964.8	635.28	420.55
Long-Term Debt	504.03	432.32	322.99	196.47	197.84	305.43
Long-Term Leases	363.56	404.14	529.24	612.5	579.81	421.89
Other Long-Term Liabilities	186	144.2	194.37	230.84	291.14	206.51
Total Long-Term Liabilities	1,054	980.67	1,047	1,040	1,069	933.83
Total Liabilities	1,594	1,591	1,795	2,005	1,704	1,344
Common Stock	13.96	13.94	9.34	6.25	6.08	5.95
Treasury Stock	-2.98	-2.95	-108.8	-106.27	-96.26	-72.53
Additional Paid-in Capital	9,207	9,186	8,431	7,495	7,297	7,071
Accumulated Other Comprehensive Income	3.44	6.8	-2.5	-6.8	-26	-1.53
Retained Earnings	-8,471	-8,226	-6,594	-4,490	-3,121	-2,397
Total Common Shareholders' Equity	749.81	978.07	1,734	2,898	4,060	4,606
Minority Interest	24.08	25.25	73.62	-	-	-
Shareholders' Equity	773.89	1,003	1,808	2,898	4,060	4,606
Total Liabilities & Equity	2,368	2,595	3,603	4,903	5,764	5,950
Total Debt	1,010	997.17	1,079	968.85	898.73	820.15
Net Cash (Debt)	-786.98	-628.63	-872.94	-833.82	1,260	3,049
Net Cash Growth	-	-	-	-	-58.69%	306.33%
Net Cash Per Share	-0.63	-0.55	-1.11	-1.40	2.17	5.46
Book Value	749.81	978.07	1,734	2,898	4,060	4,606
Book Value Per Share	0.60	0.85	2.21	4.87	7.00	8.25
Tangible Book Value	721.58	948.84	1,649	2,709	3,604	4,227
Tangible Book Value Per Share	0.57	0.83	2.10	4.55	6.22	7.57

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q