Plug Power (PLUG) Convertible Debt (2018 - 2026)
Plug Power's (PLUG) quarterly Convertible Debt came in at $578.0 million in Q2 2026, up 14.96% quarter-over-quarter from $502.8 million in Q1 2026.
Analysis
Plug Power (PLUG) Convertible Debt (2018 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Convertible Debt for 9 consecutive years, with $578.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Convertible Debt changed N/A year-over-year to $578.0 million in Q2 2026; TTM through Jun 2026 was $578.0 million, a N/A change from a year earlier, with the FY2025 full-year figure at $431.0 million, up 34.25% from the prior year.
- Convertible Debt was $578.0 million for Q2 2026 at Plug Power, up from $502.8 million in the prior quarter.
- Over five years, Convertible Debt peaked at $578.0 million in Q2 2026 and troughed at $149.2 million in Q3 2024.
- A 5-year average of $263.0 million and a median of $195.1 million in 2023 frame the typical range for Convertible Debt.
- Across the five-year window, Convertible Debt dropped 23.45% in 2024 and soared 96.95% in 2026, its largest moves.
- Over 5 years, Convertible Debt stood at $193.9 million in 2022, then increased by 0.69% to $195.3 million in 2023, then surged by 64.42% to $321.1 million in 2024, then surged by 34.25% to $431.0 million in 2025, then jumped by 34.1% to $578.0 million in 2026.
- The last three Convertible Debt figures came in at $578.0 million (Q2 2026), $502.8 million (Q1 2026), and $431.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Plug Power | 3.04 Bn | 2.72 Bn | -1.68 Mn |
| 2 | NewHydrogen | 12.64 Mn | 12.64 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 578.00 Mn |
| Mar 31, 2026 | 502.77 Mn |
| Dec 31, 2025 | 431.01 Mn |
| Mar 31, 2025 | 255.28 Mn |
| Dec 31, 2024 | 321.06 Mn |
| Sep 30, 2024 | 149.21 Mn |
| Jun 30, 2024 | 208.58 Mn |
| Mar 31, 2024 | 209.80 Mn |
| Dec 31, 2023 | 195.26 Mn |
| Sep 30, 2023 | 194.92 Mn |
| Jun 30, 2023 | 194.58 Mn |
| Mar 31, 2023 | 194.25 Mn |
| Dec 31, 2022 | 193.92 Mn |
| Sep 30, 2022 | 193.59 Mn |
| Jun 30, 2022 | 193.27 Mn |
| Mar 31, 2022 | 192.95 Mn |
| Dec 31, 2021 | 192.63 Mn |
| Sep 30, 2021 | 192.32 Mn |
| Jun 30, 2021 | 192.01 Mn |
| Mar 31, 2021 | 191.77 Mn |