For the quarter ending 2026-03-31, PLUG has $2,368,184K in assets. $1,594,295K in debts. $223,189K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 223,189 | 368,540 | 165,895 | 140,736 |
| Restricted cash | 183,685 | 186,746 | 189,256 | 195,443 |
| Accounts receivable, net of allowance of 44,980 as of march 31, 2026 and 46,805 as of december 31, 2025 | 106,511 | 134,758 | 124,028 | 138,743 |
| Inventory, net | 516,153 | 520,968 | 555,092 | 643,926 |
| Contract assets | 105,099 | 105,268 | 68,956 | 97,714 |
| Prepaid expenses, tax credits, and other current assets | 140,148 | 93,988 | 87,660 | 113,435 |
| Total current assets | 1,274,785 | 1,410,268 | 1,190,887 | 1,329,997 |
| Restricted cash | 395,140 | 438,698 | 493,871 | 540,622 |
| Property, plant, and equipment, net | 240,499 | 281,001 | 877,347 | 910,144 |
| Right of use assets related to finance leases, net | 39,065 | 44,852 | 52,523 | 55,017 |
| Right of use assets related to operating leases, net | 170,193 | 182,206 | 191,523 | 215,310 |
| Equipment related to power purchase agreements and fuel delivered to customers, net | 133,788 | 122,926 | 132,285 | 129,456 |
| Contract assets | 24,312 | 24,137 | 22,410 | 23,125 |
| Intangible assets, net | 28,231 | 29,228 | 77,948 | 81,043 |
| Investments in non-consolidated entities and non-marketable securities | 45,612 | 46,909 | 43,257 | 46,196 |
| Other assets | 16,559 | 14,343 | 22,701 | 22,870 |
| Total assets | 2,368,184 | 2,594,568 | 3,104,752 | 3,353,780 |
| Accounts payable | 144,251 | 168,744 | 162,223 | 152,060 |
| Accrued expenses | 113,068 | 128,010 | 122,360 | 105,173 |
| Deferred revenue and other contract liabilities | 68,508 | 66,742 | 88,174 | 107,063 |
| Operating lease liabilities | 63,181 | 70,407 | 70,171 | 72,478 |
| Finance lease liabilities | 10,098 | 10,934 | 14,677 | 14,147 |
| Finance obligations | 66,374 | 76,160 | 78,840 | 81,368 |
| Current portion of convertible debt instruments, net | 2,495 | 2,583 | 143,984 | 145,318 |
| Current portion of long-term debt | 439 | 626 | 121,723 | 64,936 |
| 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 |
| Contingent consideration, loss accrual for service contracts, and other current liabilities (of which 601 was measured at fair value as of march 31, 2026 and 4,871 was measured at fair value as of december 31, 2025) | 72,292 | 86,382 | - | - |
| Total current liabilities | 540,706 | 610,588 | 902,515 | 835,766 |
| Deferred revenue and other contract liabilities | 29,615 | 34,203 | 34,092 | 40,624 |
| Operating lease liabilities | 175,277 | 194,709 | 209,293 | 227,319 |
| Finance lease liabilities | 14,750 | 17,627 | 20,187 | 22,471 |
| Finance obligations | 173,531 | 191,806 | - | - |
| Warrant liabilities | 106,963 | 52,323 | - | - |
| Finance obligations | - | - | 210,206 | 228,609 |
| Convertible debt instruments, net | 502,770 | 431,014 | - | - |
| Long-term debt | 1,258 | 1,306 | 122,346 | 135,325 |
| 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 |
| Contingent consideration, loss accrual for service contracts, and other liabilities (of which 7,185 was measured at fair value as of march 31, 2026 and 6,906 was measured at fair value as of december 31, 2025) | 49,425 | 57,678 | - | - |
| Total liabilities | 1,594,295 | 1,591,254 | 1,606,131 | 1,589,820 |
| Common stock, .01 par value per share 3,000,000,000 shares authorized as of march 31, 2026 and 1,500,000,000 shares authorized as of december 31, 2025 issued (including shares in treasury) 1,395,643,390 as of march 31, 2026 and 1,394,241,538 as of december 31, 2025 | 13,957 | 13,943 | 12,194 | 11,658 |
| Additional paid-in capital | 9,206,736 | 9,186,314 | 8,886,531 | 8,789,434 |
| Accumulated other comprehensive income | 3,442 | 6,796 | 3,775 | 3,478 |
| Accumulated deficit | -8,471,343 | -8,226,039 | -7,380,069 | -7,018,200 |
| Less common stock in treasury x as of march 31, 2026 and 970,588 as of december 31, 2025 | 2,982 | 2,945 | 105,802 | 105,304 |
| Total plug power inc. stockholders' equity | 749,810 | 978,069 | 1,416,629 | 1,681,066 |
| Non-controlling interest | 24,079 | 25,245 | 81,992 | 82,894 |
| Total stockholders' equity | 773,889 | 1,003,314 | 1,498,621 | 1,763,960 |
| Total liabilities and stockholders' equity | 2,368,184 | 2,594,568 | 3,104,752 | 3,353,780 |
PLUG POWER INC (PLUG)
PLUG POWER INC (PLUG)