For the year ending 2025-12-31, PLUG has $2,594,568K in assets. $1,591,254K in debts. $368,540K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 368,540 | 205,693 | 135,033 | 690,630 |
| Restricted cash | 186,746 | 198,008 | 216,552 | 158,958 |
| Available-for-sale securities, at fair value (amortized cost 1,355,614 and allowance for credit losses of 0 at december 31, 2022 and amortized cost 1,242,933 and allowance for credit losses of 0 at december 31, 2021) | - | - | - | 1,332,943 |
| Equity securities | - | - | - | 134,836 |
| Accounts receivable | - | - | - | 129,450 |
| Accounts receivable, net of allowance of 46,805 as of december 31, 2025 and 37,712 as of december 31, 2024 | 134,758 | 157,244 | 243,811 | - |
| Inventory, net | 520,968 | 682,642 | 961,253 | 645,636 |
| Contract assets | 105,268 | 94,052 | 126,248 | 62,456 |
| Prepaid expenses, tax credits, and other current assets | 93,988 | 139,845 | 104,068 | 150,389 |
| Total current assets | 1,410,268 | 1,477,484 | 1,786,965 | 3,305,298 |
| Restricted cash | 438,698 | 637,008 | 817,559 | 699,756 |
| Property, plant, and equipment, net | 281,001 | 866,329 | 1,436,177 | 719,793 |
| Right of use assets related to finance leases, net | 44,852 | 51,822 | 57,281 | 53,742 |
| Right of use assets related to operating leases, net | 182,206 | 218,081 | 399,969 | 360,287 |
| Equipment related to power purchase agreements and fuel delivered to customers, net | 122,926 | 144,072 | 111,261 | 89,293 |
| Contract assets | 24,137 | 23,963 | 29,741 | 41,831 |
| Goodwill | - | - | - | 248,607 |
| Intangible assets, net | 29,228 | 84,660 | 188,886 | 207,725 |
| Investments in non-consolidated entities and non-marketable securities | 46,909 | 85,494 | 63,783 | 31,250 |
| Other assets | 14,343 | 13,933 | 11,116 | 6,694 |
| Total assets | 2,594,568 | 3,602,846 | 4,902,738 | 5,764,276 |
| Accounts payable | 168,744 | 180,966 | 257,828 | 191,895 |
| Accrued expenses | 128,010 | 103,145 | 200,544 | 156,430 |
| Deferred revenue and other contract liabilities | 66,742 | 144,093 | 204,139 | 131,813 |
| Operating lease liabilities | 70,407 | 71,250 | 63,691 | 48,861 |
| Finance lease liabilities | 10,934 | 12,802 | 9,441 | 8,149 |
| Finance obligations | 76,160 | 83,129 | 84,031 | 58,925 |
| Current portion of convertible debt instruments, net | 2,583 | 58,273 | - | - |
| Current portion of long-term debt | 626 | 946 | 2,716 | 5,142 |
| Contingent consideration, loss accrual for service contracts, and other current liabilities | - | 93,885 | 142,410 | 34,060 |
| Contingent consideration, loss accrual for service contracts, and other current liabilities (of which 4,871 was measured at fair value as of december 31, 2025 and 28,954 was measured at fair value as of december 31, 2024) | 86,382 | - | - | - |
| Total current liabilities | 610,588 | 748,489 | 964,800 | 635,275 |
| Deferred revenue and other contract liabilities | 34,203 | 58,532 | 84,163 | 98,085 |
| Operating lease liabilities | 194,709 | 242,148 | 292,002 | 271,504 |
| Finance lease liabilities | 17,627 | 22,778 | 36,133 | 37,988 |
| Finance obligations | 191,806 | 264,318 | 284,363 | 270,315 |
| Warrant liabilities | 52,323 | - | - | - |
| Convertible debt instruments, net (of which 431,014 was measured at fair value as of december 31, 2025 and 173,150 was measured at fair value as of december 31, 2024) | 431,014 | 321,060 | 195,264 | 193,919 |
| Long-term debt | 1,306 | 1,932 | 1,209 | 3,925 |
| Contingent consideration, loss accrual for service contracts, and other liabilities | - | 135,833 | 146,679 | 193,051 |
| Contingent consideration, loss accrual for service contracts, and other liabilities (of which 6,906 was measured at fair value as of december 31, 2025 and 31,792 was measured at fair value as of december 31, 2024) | 57,678 | - | - | - |
| Total liabilities | 1,591,254 | 1,795,090 | 2,004,613 | 1,704,062 |
| Common stock, .01 par value per share 1,500,000,000 shares authorized issued (including shares in treasury) 1,394,241,538 as of december 31, 2025 and 934,126,897 as of december 31, 2024 | 13,943 | 9,342 | 6,254 | 6,084 |
| Additional paid-in capital | 9,186,314 | 8,430,537 | 7,494,685 | 7,297,306 |
| Accumulated other comprehensive income/(loss) | 6,796 | -2,502 | -6,802 | -26,004 |
| Accumulated deficit | -8,226,039 | -6,594,445 | -4,489,744 | -3,120,911 |
| Less common stock in treasury 970,588 as of december 31, 2025 and 20,230,043 as of december 31, 2024 | 2,945 | 108,795 | 106,268 | 96,261 |
| Total plug power inc. stockholders' equity | 978,069 | 1,734,137 | 2,898,125 | 4,060,214 |
| Non-controlling interest | 25,245 | 73,619 | - | - |
| Total stockholders' equity | 1,003,314 | 1,807,756 | - | - |
| Total liabilities and stockholders' equity | 2,594,568 | 3,602,846 | 4,902,738 | 5,764,276 |
PLUG POWER INC (PLUG)
PLUG POWER INC (PLUG)