Plug Power (PLUG) Convertible Debt (2018 - 2026)

Plug Power's (PLUG) quarterly Convertible Debt came in at $502.8 million in Q1 2026, up 96.95% year-on-year from $255.3 million in Q1 2025, and up 16.65% on a QoQ basis from $431.0 million in Q4 2025.

Plug Power (PLUG) Convertible Debt (2018 - 2026) Analysis & Trends

Plug Power (PLUG) has 9 years of Convertible Debt data on file, last reported at $502.8 million in Q1 2026.

  • On a quarterly basis, Convertible Debt rose 96.95% year-over-year to $502.8 million in Q1 2026; TTM through Mar 2026 was $502.8 million, a 96.95% increase from a year earlier, with the FY2025 full-year figure at $431.0 million, up 34.25% from the prior year.
  • Convertible Debt for Q1 2026 stood at $502.8 million, up from $431.0 million in the prior quarter.
  • Over the last five years, Convertible Debt for PLUG reached as high as $502.8 million in Q1 2026 and fell as low as $149.2 million in Q3 2024.
  • Historically, Convertible Debt has averaged $242.0 million across 5 years, with a median of $194.9 million in 2023.
  • Across the five-year window, Convertible Debt surged 1169.4% in 2022 and slipped 23.45% in 2024, its largest moves.
  • Year by year, Convertible Debt stood at $193.9 million in 2022, then climbed by 0.69% to $195.3 million in 2023, then soared by 64.42% to $321.1 million in 2024, then soared by 34.25% to $431.0 million in 2025, then advanced by 16.65% to $502.8 million in 2026.
  • Per Business Quant data, the three most recent Convertible Debt figures were $502.8 million in Q1 2026, $431.0 million in Q4 2025, and $255.3 million in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn
10 Plug Power 3.06 Bn 2.67 Bn -21.61 Mn

Historic Data

Download Data
DateValue
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 15.20 Mn
Dec 31, 2020 85.64 Mn