Growth Metrics

Plug Power (PLUG) Convertible Debt (2018 - 2025)

Plug Power (PLUG) has disclosed Convertible Debt for 8 consecutive years, with $431.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Convertible Debt rose 34.25% to $431.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $431.0 million, a 34.25% increase, with the full-year FY2025 number at $431.0 million, up 34.25% from a year prior.
  • Convertible Debt was $431.0 million for Q4 2025 at Plug Power, up from $321.1 million in the prior quarter.
  • In the past five years, Convertible Debt ranged from a high of $431.0 million in Q4 2025 to a low of $15.2 million in Q1 2021.
  • A 5-year average of $203.8 million and a median of $193.9 million in 2022 define the central range for Convertible Debt.
  • Peak YoY movement for Convertible Debt: tumbled 86.56% in 2021, then skyrocketed 1169.4% in 2022.
  • Plug Power's Convertible Debt stood at $192.6 million in 2021, then rose by 0.67% to $193.9 million in 2022, then grew by 0.69% to $195.3 million in 2023, then skyrocketed by 64.42% to $321.1 million in 2024, then skyrocketed by 34.25% to $431.0 million in 2025.
  • Per Business Quant, the three most recent readings for PLUG's Convertible Debt are $431.0 million (Q4 2025), $321.1 million (Q4 2024), and $149.2 million (Q3 2024).