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Plug Power PLUG Power Purchase Agreements — Revenue Remaining Performance Obligation

Other product segments

Services Performed On Fuel Cell Systems And Related Infrastructure
$146.92M+14.3%
Sale Of Electrolyzers
$95.31M-57.4%
Sales Of Fuel Cell Systems
$73.41M+115%
Fuel Delivered To Customers And Related Equipment
$60.6M-8.3%
Sale Of Hydrogen Installations And Other Infrastructure
$58.43M
Sale Of Cryogenic Equipment
$56.53M+27.8%
Sale Of Engineered Equipment
$744K-64.3%
Other Product And Services
$646K

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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$3.98B+140%
Enterprise value$4.02B+135%
P/S5.4×+2.8×

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:RevenueRemainingPerformanceObligation.

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 power purchase agreements — revenue remaining performance obligation?
Plug Power (PLUG) reported power purchase agreements — revenue remaining performance obligation of $250.27M in Q1 2026.
How has Plug Power's power purchase agreements — revenue remaining performance obligation changed year-over-year?
Plug Power's power purchase agreements — revenue remaining performance obligation decreased by 26.6% year-over-year, from $340.74M to $250.27M.
What is the long-term trend for Plug Power's power purchase agreements — revenue remaining performance obligation?
Over 4 years (2021 to 2025), Plug Power's power purchase agreements — revenue remaining performance obligation has grown at a 9.8% compound annual growth rate (CAGR), from $843.76M to $1.23B.
What does power purchase agreements — revenue remaining performance obligation mean?
This metric represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as of the end of the reporting period. It provides visibility into the future revenue backlog specifically tied to long-term power purchase contracts. Investors use this to assess the predictability and duration of future cash flows from the company's energy infrastructure commitments.