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Plug Power PLUG Accounts Receivable, Credit Loss Expense (Reversal)

Accounts Receivable, Credit Loss Expense (Reversal) at other companies

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Other financials

Income statement

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Revenue$178.3M+2.5%
Gross profit-$1.7M+96.9%
Operating income-$64.1M+63.8%
Net income-$188.2M+17.1%
EPS (diluted)-$0.14+30.0%

Balance sheet

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Cash & equivalents$161.9M+15.0%
Total debt$243.6M-27.6%
Total equity$581.8M-65.4%
Total assets$2.2B-34.6%

Cash flow

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Operating cash flow-$94.1M+51.0%
CapEx$6.3M-83.7%
Free cash flow-$100.4M+56.4%

Valuation

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Market cap$3.04B+62.4%
Enterprise value$3.12B+50.6%
P/S4.1×+1.3×

Profitability

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Gross margin-19.3%-8.1pp
Operating margin-172.8%-47.5pp
Net margin-220.6%-43.7pp
FCF margin-70.3%-19.7pp

Returns & leverage

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Return on equity-145.1%+371pp
Debt / equity0.4×+0.2×
Current ratio2.3×+0.7×

Where this comes from

Reported directly by Plug Power in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForDoubtfulAccounts.

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

Filed
May 11, 2026, 4:48 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058712
Line itemThree months ended / March 31, 2026Three months ended / March 31, 2025
Lower of cost or net realizable value inventory adjustments and provision for excess and obsolete inventory7,2718,262
Stock-based compensation13,93811,087
(Gain)/loss on extinguishment of convertible debt instruments and finance obligations(1,805)3,652
Provision for losses on accounts receivable2,39440
Amortization of discount/(premium) of debt issuance costs on convertible debt instruments and long-term debt997(320)
Provision for common stock warrants4,5619,124
Impairment3,8561,064
Recovery on service contracts(14,685)(2,937)

Item 1 — Interim Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Plug Power's accounts receivable, credit loss expense (reversal)?
Plug Power (PLUG) reported accounts receivable, credit loss expense (reversal) of $2.39M in Q1 2026.
How has Plug Power's accounts receivable, credit loss expense (reversal) changed year-over-year?
Plug Power's accounts receivable, credit loss expense (reversal) increased by 5885.0% year-over-year, from $40K to $2.39M.
What is the long-term trend for Plug Power's accounts receivable, credit loss expense (reversal)?
Over 2 years (2023 to 2025), Plug Power's accounts receivable, credit loss expense (reversal) has grown at a 84.0% compound annual growth rate (CAGR), from $8.41M to $28.46M.
What does accounts receivable, credit loss expense (reversal) mean?
Accounts Receivable, Credit Loss Expense (Reversal)

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