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Plug Power PLUG Increase Decrease In Customer Liability

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Other financials

Income statement

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Revenue$163.5M+22.3%
Gross profit-$21.6M+70.7%
Operating income-$109.5M+38.6%
Net income-$245.3M-24.7%
EPS (diluted)-$0.18+14.3%

Balance sheet

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Cash & equivalents$223.2M-24.6%
Total debt$263.3M-22.5%
Total equity$749.8M-59.6%
Total assets$2.4B-34.8%

Cash flow

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Operating cash flow-$150.0M-42.1%
CapEx$2.4M-94.0%
Free cash flow-$152.4M-4.4%

Valuation

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Market cap$2.89B+72.4%
Enterprise value$2.93B+56.5%
P/S3.9×+1.4×

Profitability

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Gross margin-26.4%-10.7pp
Operating margin-189%-51.4pp
Net margin-227.1%-48.7pp
FCF margin-88.3%-23.9pp

Returns & leverage

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Return on equity-128.9%+150pp
Debt / equity0.4×+0.2×
Current ratio2.4×+0.4×

Where this comes from

Reported directly by Plug Power in its filing.

Tagged under the XBRL concept plug:IncreaseDecreaseInCustomerLiability.

The source filing: Plug Power’s 10-Q, filed May 11, 2026. Open the filing →

Filed
May 11, 2026, 4:48 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058712

FAQ

What is Plug Power's increase decrease in customer liability?
Plug Power (PLUG) reported increase decrease in customer liability of -$2.36M in Q1 2026.
How has Plug Power's increase decrease in customer liability changed year-over-year?
Plug Power's increase decrease in customer liability increased by 89.1% year-over-year, from -$21.7M to -$2.36M.
What is the long-term trend for Plug Power's increase decrease in customer liability?
Over 3 years (2021 to 2025), Plug Power's increase decrease in customer liability has grown at a 15.5% compound annual growth rate (CAGR), from $70.65M to -$108.75M.
What does increase decrease in customer liability mean?
Tracks the change in obligations owed to customers, such as deferred revenue or service contract liabilities, resulting from advance payments or performance obligations. A decrease indicates the recognition of revenue or the fulfillment of service commitments.

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