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Plug Power PLUG Sale Of Cryogenic Equipment — Revenue Remaining Performance Obligation

Other product segments

Power Purchase Agreements
$250.27M-26.6%
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 Engineered Equipment
$744K-64.3%
Other Product And Services
$646K

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$3.12M+302%
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$1.52M-33.7%

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 us-gaap:RevenueRemainingPerformanceObligation.

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 itemAs of / March 31, 2026Expected recognition / period (years)
Sales of electrolyzers95,3121 - 3
Sales of engineered equipment7441
Services performed on fuel cell systems and related infrastructure146,9171 - 10
Power purchase agreements250,2671 - 10
Fuel delivered to customers and related equipment60,5961 - 10
Sales of cryogenic equipment and other56,5341
Other6461
Total estimated future revenue$737,698

Item 1 — Interim Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Plug Power's sale of cryogenic equipment — revenue remaining performance obligation?
Plug Power (PLUG) reported sale of cryogenic equipment — revenue remaining performance obligation of $56.53M in Q1 2026.
How has Plug Power's sale of cryogenic equipment — revenue remaining performance obligation changed year-over-year?
Plug Power's sale of cryogenic equipment — revenue remaining performance obligation increased by 27.8% year-over-year, from $44.24M to $56.53M.
What is the long-term trend for Plug Power's sale of cryogenic equipment — revenue remaining performance obligation?
Over 3 years (2022 to 2025), Plug Power's sale of cryogenic equipment — revenue remaining performance obligation has grown at a -26.0% compound annual growth rate (CAGR), from $366.22M to $148.31M.
What does sale of cryogenic equipment — revenue remaining performance obligation mean?
This metric quantifies the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as of the reporting date for cryogenic equipment contracts. It serves as a backlog indicator, representing future revenue that is contractually secured but not yet recognized. A robust balance in this metric provides visibility into future hardware delivery schedules and potential revenue stability for the cryogenic equipment segment.

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