For the quarter ending 2026-03-31, PLUG had -$145,351K decrease in cash & cash equivalents over the period. -$152,448K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -246,037 | -910,909 | -363,505 | -228,727 |
| Depreciation of long-lived assets | 6,312 | 4,578 | 8,122 | 12,776 |
| Amortization of intangible assets | 908 | 981 | 2,011 | 2,001 |
| Lower of cost or net realizable value inventory adjustments and provision for excess and obsolete inventory | 7,271 | -2,564 | 78,460 | 12,904 |
| Stock-based compensation | 13,938 | 14,141 | 12,237 | 13,080 |
| (gain)/loss on extinguishment of convertible debt instruments and finance obligations | 1,805 | -22,374 | 0 | -5,475 |
| Provision for losses on accounts receivable | 2,394 | 10,491 | 13,292 | 4,632 |
| Provision for losses on prepaid expenses | - | 19,087 | - | - |
| Amortization of discount/(premium) of debt issuance costs on convertible debt instruments and long-term debt | 997 | 879 | 591 | 106 |
| Provision for common stock warrants | 4,561 | 15,938 | 10,866 | 9,475 |
| Impairment | - | - | 119,187 | - |
| Deferred income tax expense/(benefit) | - | -10 | - | - |
| Impairment | 3,856 | 763,781 | - | 21,663 |
| Recovery on service contracts | -14,685 | -27,383 | -14,295 | -22,869 |
| Write-off of capitalized closing fees related to doe loan guarantee | - | 13,195 | - | - |
| Change in fair value of contingent consideration | 280 | -10,370 | -1,129 | -168 |
| Right of use asset restructuring charge | - | 0 | 3,936 | - |
| Change in fair value of convertible debt instruments | -70,782 | -34,797 | 0 | 1,902 |
| Inducement of common warrant exercise | - | 196,482 | - | - |
| Change in fair value of debt | - | - | -2,719 | -3,408 |
| Change in fair value of warrant liabilities | -54,640 | 128,101 | - | - |
| Loss on equity method investments | -470 | -3,579 | -3,262 | -45,850 |
| Accounts receivable | -25,853 | 21,221 | -2,041 | -1,578 |
| Inventory | 6,860 | -19,373 | -16,165 | -34,713 |
| Contract assets | -1,561 | 38,070 | -1,264 | 5,790 |
| Prepaid expenses and other assets | 9,337 | 6,778 | 10,134 | -1,115 |
| Accounts payable, accrued expenses, and other liabilities | -43,343 | 3,028 | 84,727 | -51,655 |
| Payments of contingent consideration | 1,918 | 62 | 0 | 2,317 |
| Payments of operating lease liability, net | -17,523 | 6,757 | 5,925 | 11,133 |
| Deferred revenue and other contract liabilities | -2,356 | -21,773 | -32,043 | -33,241 |
| Net cash used in operating activities | -150,041 | -148,643 | -89,814 | -191,810 |
| Purchases of property, plant and equipment | 2,407 | 4,390 | 27,705 | 38,618 |
| Purchases of equipment related to power purchase agreements and equipment related to fuel delivered to customers | 5,707 | 4,672 | 2,395 | 1,801 |
| Proceeds from sale of interest in non-consolidated entity | - | 6,500 | - | - |
| Cash paid for non-consolidated entities and non-marketable securities | 367 | 18,738 | 292 | 324 |
| Net cash used in investing activities | -8,481 | -21,300 | -30,392 | -40,743 |
| Payments of contingent consideration | 2,330 | 14,338 | 4,264 | - |
| Proceeds from public and private offerings, net of transaction costs | - | -29,595 | 75,756 | 139 |
| Payments of tax withholding on behalf of employees for net stock settlement of stock-based compensation | 37 | 2,941 | 498 | 158 |
| Proceeds from exercise of stock options | 90 | 980 | 11 | - |
| Proceeds from issuance of warrants, net of transaction costs-Common Warrants | - | 6,069 | - | - |
| Proceeds from exercises of warrants, net of transaction costs-Common Warrants | - | 391,246 | - | - |
| Contributions by non-controlling interest | 300 | 255 | 775 | 750 |
| Proceeds from convertible debt instruments | - | 399,984 | - | - |
| Principal payments on convertible debt instruments | - | 137,983 | 0 | 140,962 |
| Premium on principal of convertible debt instruments and debt settled in cash | - | 13,970 | 0 | 2,594 |
| Proceeds from long-term debt issuance | - | -6,069 | 49,875 | 199,500 |
| Principal payments on long-term debt | 346 | 252,478 | 10,711 | 344 |
| Cash paid for capitalized closing fees related to doe loan guarantee | - | 0 | 252 | 597 |
| Principal repayments of finance obligations and finance leases | 29,419 | 24,291 | 45,701 | 44,307 |
| Net cash (used in)/provided by financing activities | -31,742 | 316,869 | 87,020 | 32,832 |
| Effect of exchange rate changes on cash | -1,706 | -1,964 | 5,407 | -89 |
| (decrease)/increase in restricted cash | - | 155,323 | - | - |
| (decrease)/increase in cash and cash equivalents | -145,351 | 202,645 | 25,159 | -155,108 |
| Cash, cash equivalents, and restricted cash beginning of period | 993,984 | - | - | - |
| Cash, cash equivalents, and restricted cash end of period | 802,014 | - | - | - |
PLUG POWER INC (PLUG)
PLUG POWER INC (PLUG)