Accounts receivable, net of allowance of 39,278 as of june 30, 2026 and 46,805 as of december 31, 2025
125,861
106,511
134,758
124,028
Inventory, net
493,445
516,153
520,968
555,092
Contract assets
103,178
105,099
105,268
68,956
Prepaid expenses, tax credits, and other current assets
106,436
140,148
93,988
87,660
Total current assets
1,146,337
1,274,785
1,410,268
1,190,887
Restricted cash
354,111
395,140
438,698
493,871
Property, plant, and equipment, net
243,995
240,499
281,001
877,347
Right of use assets related to finance leases, net
35,938
39,065
44,852
52,523
Right of use assets related to operating leases, net
157,370
170,193
182,206
191,523
Equipment related to power purchase agreements and fuel delivered to customers, net
142,350
133,788
122,926
132,285
Contract assets
18,493
24,312
24,137
22,410
Intangible assets, net
27,292
28,231
29,228
77,948
Investments in non-consolidated entities and non-marketable securities
50,705
45,612
46,909
43,257
Other assets
15,975
16,559
14,343
22,701
Total assets
2,192,566
2,368,184
2,594,568
3,104,752
Accounts payable
144,259
144,251
168,744
162,223
Accrued expenses
105,692
113,068
128,010
122,360
Deferred revenue and other contract liabilities
60,304
68,508
66,742
88,174
Operating lease liabilities
56,200
63,181
70,407
70,171
Finance lease liabilities
9,523
10,098
10,934
14,677
Finance obligations
57,670
66,374
76,160
78,840
Current portion of convertible debt instruments, net
-
2,495
2,583
143,984
Current portion of long-term debt
314
439
626
121,723
Contingent consideration, loss accrual for service contracts, and other current liabilities (of which 18,706 was measured at fair value as of september 30, 2025 and 28,954 was measured at fair value as of december 31, 2024)
-
-
-
100,363
Contingent consideration, loss accrual for service contracts, and other current liabilities (of which 1,971 was measured at fair value as of june 30, 2026 and 4,871 was measured at fair value as of december 31, 2025)
59,921
72,292
86,382
-
Total current liabilities
493,883
540,706
610,588
902,515
Deferred revenue and other contract liabilities
26,145
29,615
34,203
34,092
Operating lease liabilities
158,512
175,277
194,709
209,293
Finance lease liabilities
19,343
14,750
17,627
20,187
Finance obligations
156,181
173,531
191,806
-
Warrant liabilities
136,254
106,963
52,323
-
Finance obligations
-
-
-
210,206
Convertible debt instruments, net
577,998
502,770
431,014
-
Long-term debt
1,210
1,258
1,306
122,346
Contingent consideration, loss accrual for service contracts, and other liabilities (of which 17,853 was measured at fair value as of september 30, 2025 and 31,792 was measured at fair value as of december 31, 2024)
-
-
-
107,492
Contingent consideration, loss accrual for service contracts, and other liabilities (of which 6,012 was measured at fair value as of june 30, 2026 and 6,906 was measured at fair value as of december 31, 2025)
35,750
49,425
57,678
-
Total liabilities
1,605,276
1,594,295
1,591,254
1,606,131
Common stock, .01 par value per share 3,000,000,000 shares authorized as of june 30, 2026 and 1,500,000,000 shares authorized as of december 31, 2025 issued (including shares in treasury) 1,397,924,047 as of june 30, 2026 and 1,394,241,538 as of december 31, 2025
13,980
13,957
13,943
12,194
Additional paid-in capital
9,227,977
9,206,736
9,186,314
8,886,531
Accumulated other comprehensive income
2,450
3,442
6,796
3,775
Accumulated deficit
-8,659,550
-8,471,343
-8,226,039
-7,380,069
Less common stock in treasury 1,025,649 as of june 30, 2026 and 970,588 as of december 31, 2025
3,104
2,982
2,945
105,802
Total plug power inc. stockholders' equity
581,753
749,810
978,069
1,416,629
Non-controlling interest
5,537
24,079
25,245
81,992
Total stockholders' equity
587,290
773,889
1,003,314
1,498,621
Total liabilities and stockholders' equity
2,192,566
2,368,184
2,594,568
3,104,752
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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