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Plug Power PLUG Inventory write-downs

Inventory write-downs at other companies

Fluence Energy, Inc. logo
Fluence Energy, Inc.FLNC
-$7.05M-409%

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$3.78B+140%

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 us-gaap:InventoryWriteDown.

The official record: Plug Power’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plug Power's inventory write-downs?
Plug Power (PLUG) reported inventory write-downs of $7.27M in Q1 2026.
How has Plug Power's inventory write-downs changed year-over-year?
Plug Power's inventory write-downs decreased by 12.0% year-over-year, from $8.26M to $7.27M.
What is the long-term trend for Plug Power's inventory write-downs?
Over 4 years (2021 to 2025), Plug Power's inventory write-downs has grown at a 160.7% compound annual growth rate (CAGR), from $2.16M to $99.63M.
What does inventory write-downs mean?
Represents the non-cash charge taken to reduce the carrying value of inventory when its market value falls below its cost. This reflects potential obsolescence, damage, or declining demand for products within the green hydrogen ecosystem.