Plug Power Balance Sheet
NASDAQ: PLUGEnergyIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Plug Power financial position
At the end of fiscal 2025, Plug Power reported total assets of $2.59 billion, down 28.0% from a year earlier against total liabilities of $1.59 billion. Shareholders' equity stood at $978.1 million, or 37.7% of assets. The company held $368.5 million in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 2.31, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
Plug Power balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 368.54M | 205.69M | 135.03M | 690.63M | 2.48B | 1.31B | 139.50M | 38.60M | 24.83M | 46.01M |
| Short-Term Investments | — | — | — | 1.33B | 1.24B | — | — | — | — | — |
| Receivables | 134.76M | 157.24M | 243.81M | 129.45M | — | — | — | — | — | — |
| Inventory | 520.97M | 682.64M | 961.25M | 645.64M | 269.16M | 139.39M | 72.39M | 47.91M | 48.78M | 29.94M |
| Total Current Assets | 1.41B | 1.48B | 1.79B | 3.31B | 4.45B | 1.60B | 313.66M | 155.62M | 119.61M | 110.93M |
| Property, Plant & Equipment | 281.00M | 866.33M | 1.44B | 719.79M | 255.62M | 74.55M | 14.96M | — | — | — |
| Goodwill | — | 0 | 0 | 248.61M | 220.44M | 72.39M | 8.84M | 9.02M | 9.45M | 8.29M |
| Intangible Assets | 29.23M | 84.66M | 188.89M | 207.72M | 158.21M | 39.25M | 5.54M | 3.89M | 3.79M | 3.93M |
| Total Assets | 2.59B | 3.60B | 4.90B | 5.76B | 5.95B | 2.25B | 659.51M | 390.33M | 270.81M | 240.83M |
| Accounts Payable | 168.74M | 180.97M | 257.83M | 191.90M | 92.31M | 50.20M | 40.38M | 34.82M | 42.36M | 32.11M |
| Short-Term Debt | — | 200.00K | 2.72M | 5.14M | 30.55M | 50.79M | 26.46M | 91.10M | 18.76M | 2.96M |
| Total Current Liabilities | 610.59M | 748.49M | 964.80M | 635.27M | 420.55M | 222.37M | 133.96M | 146.37M | 115.72M | 66.48M |
| Long-Term Debt | — | — | 3.90M | 9.00M | — | — | — | 133.00K | 13.37M | 20.83M |
| Total Liabilities | 1.59B | 1.80B | 2.00B | 1.70B | 1.34B | 784.36M | 528.46M | 355.97M | 196.46M | 146.12M |
| Shareholders' Equity | 978.07M | 1.73B | 2.90B | 4.06B | 4.61B | 1.47B | 129.90M | -3.59M | 70.23M | 85.09M |
| Retained Earnings | -8.23B | -6.59B | -4.49B | -3.12B | -2.40B | -1.95B | -1.35B | -1.26B | -1.18B | -1.05B |
| Total Debt | — | 200.00K | 6.62M | 14.14M | 30.55M | 50.79M | 26.46M | 91.23M | 32.13M | 23.79M |
| Net Cash (Debt) | 368.54M | 205.49M | 128.42M | 2.01B | 3.69B | 1.26B | 113.03M | -52.63M | -7.30M | 22.22M |
| Shares Outstanding | — | — | — | 590.35M | 577.65M | 458.05M | 303.38M | 219.16M | 228.49M | 191.14M |
This table shows 10 annual periods of Plug Power's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow PLUG's reporting calendar. What is a balance sheet?