| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 165,895 | 140,736 | 295,844 | 93,940 |
| Restricted cash | 189,256 | 195,443 | 196,059 | 216,772 |
| Accounts receivable, net of allowance of 48,676 as of september 30, 2025 and 37,712 as of december 31, 2024 | 124,028 | 138,743 | 144,953 | 167,222 |
| Inventory, net | 555,092 | 643,926 | 693,472 | 885,764 |
| Contract assets | 68,956 | 97,714 | 91,518 | 145,499 |
| Prepaid expenses, tax credits, and other current assets | 87,660 | 113,435 | 112,068 | 124,824 |
| Total current assets | 1,190,887 | 1,329,997 | 1,533,914 | 1,634,021 |
| Restricted cash | 493,871 | 540,622 | 584,708 | 689,483 |
| Property, plant, and equipment, net | 877,347 | 910,144 | 879,850 | 1,534,056 |
| Right of use assets related to finance leases, net | 52,523 | 55,017 | 50,720 | 52,947 |
| Right of use assets related to operating leases, net | 191,523 | 215,310 | 216,463 | 361,009 |
| Equipment related to power purchase agreements and fuel delivered to customers, net | 132,285 | 129,456 | 151,282 | 142,238 |
| Contract assets | 22,410 | 23,125 | 23,842 | 30,333 |
| Intangible assets, net | 77,948 | 81,043 | 82,777 | 175,006 |
| Investments in non-consolidated entities and non-marketable equity securities | 43,257 | 46,196 | 85,095 | 92,767 |
| Other assets | 22,701 | 22,870 | 24,755 | 13,014 |
| Total assets | 3,104,752 | 3,353,780 | 3,633,406 | 4,724,874 |
| Accounts payable | 162,223 | 152,060 | 191,611 | 207,224 |
| Accrued expenses | 122,360 | 105,173 | 128,857 | 107,402 |
| Deferred revenue and other contract liabilities | 88,174 | 107,063 | 137,566 | 132,345 |
| Operating lease liabilities | 70,171 | 72,478 | 75,475 | 66,973 |
| Finance lease liabilities | 14,677 | 14,147 | 14,094 | 10,822 |
| Finance obligations | 78,840 | 81,368 | 83,015 | 83,305 |
| Current portion of convertible debt instruments, net | 143,984 | 145,318 | 58,384 | 58,163 |
| Current portion of long-term debt (of which 120,610 was measured at fair value as of september 30, 2025 and 0 was measured at fair value as of december 31, 2024) | 121,723 | 64,936 | 941 | 3,232 |
| Contingent consideration, loss accrual for service contracts, and other current liabilities | - | - | 98,442 | 117,479 |
| 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 | 93,223 | - | - |
| Total current liabilities | 902,515 | 835,766 | 788,385 | 786,945 |
| Deferred revenue and other contract liabilities | 34,092 | 40,624 | 43,362 | 59,529 |
| Operating lease liabilities | 209,293 | 227,319 | 231,023 | 249,191 |
| Finance lease liabilities | 20,187 | 22,471 | 19,086 | 27,134 |
| Finance obligations | 210,206 | 228,609 | 247,733 | 278,250 |
| Convertible debt instruments, net (of which 108,650 are measured at fair value as of march 31, 2025 and 173,150 measured at fair value as of december 31, 2024) | - | - | 255,277 | 149,214 |
| Long-term debt (of which 120,993 was measured at fair value as of september 30, 2025 and 0 was measured at fair value as of december 31, 2024) | 122,346 | 135,325 | 1,697 | 2,341 |
| Contingent consideration, loss accrual for service contracts, and other liabilities | - | - | 114,256 | 142,937 |
| 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 | 99,706 | - | - |
| Total liabilities | 1,606,131 | 1,589,820 | 1,700,819 | 1,695,541 |
| Common stock, .01 par value per share 1,500,000,000 shares authorized issued (including shares in treasury) 1,219,328,594 as of september 30, 2025 and 934,126,897 as of december 31, 2024 | 12,194 | 11,658 | 9,977 | 9,003 |
| Additional paid-in capital | 8,886,531 | 8,789,434 | 8,752,399 | 8,388,930 |
| Accumulated other comprehensive income/(loss) | 3,775 | 3,478 | -5,231 | -1,634 |
| Accumulated deficit | -7,380,069 | -7,018,200 | -6,791,101 | -5,259,021 |
| Less common stock in treasury 18,816,602 as of september 30, 2025 and 20,230,043 as of december 31, 2024 | 105,802 | 105,304 | 108,844 | 107,945 |
| Total plug power inc. stockholders' equity | 1,416,629 | 1,681,066 | 1,857,200 | 3,029,333 |
| Non-controlling interest | 81,992 | 82,894 | 75,387 | - |
| Total stockholders' equity | 1,498,621 | 1,763,960 | 1,932,587 | - |
| Total liabilities and stockholders' equity | 3,104,752 | 3,353,780 | 3,633,406 | 4,724,874 |
PLUG POWER INC (PLUG)
PLUG POWER INC (PLUG)