Plug Power (PLUG) Convertible Debt (2018 - 2026)
Plug Power (PLUG) posted quarterly Convertible Debt of $502.8 million for Q1 2026, up 96.95% year-over-year from $255.3 million in Q1 2025, and up 16.65% quarter-over-quarter from $431.0 million in Q4 2025.
Plug Power (PLUG) Convertible Debt (2018 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Convertible Debt for 9 consecutive years, with $502.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Convertible Debt rose 96.95% year-over-year to $502.8 million; the TTM figure through Mar 2026 stood at $502.8 million (up 96.95% YoY), while the FY2025 annual figure was $431.0 million, up 34.25% from the prior year.
- Convertible Debt grew to $502.8 million in Q1 2026 per PLUG's latest filing, from $431.0 million in the prior quarter.
- Across five years, Convertible Debt topped out at $502.8 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Convertible Debt jumped 1169.4% — and 2024, when it declined 23.45%.
- Plug Power's Convertible Debt stood at $193.9 million in 2022, then gained by 0.69% to $195.3 million in 2023, then jumped by 64.42% to $321.1 million in 2024, then jumped by 34.25% to $431.0 million in 2025, then rose by 16.65% to $502.8 million in 2026.
- Business Quant data shows PLUG's Convertible Debt at $502.8 million in Q1 2026, $431.0 million in Q4 2025, and $255.3 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn |
Historic Data
Download 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 | 15.20 Mn |