Plug Power (PLUG) Interest Expenses (2020 - 2026)
Plug Power's (PLUG) quarterly Interest Expenses came in at $16.9 million in Q2 2026, up 5.97% year-over-year from $15.9 million in Q2 2025, and down 2.66% quarter-over-quarter from $17.4 million in Q1 2026.
Analysis
Plug Power (PLUG) Interest Expenses (2020 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Interest Expenses for 7 consecutive years, with $16.9 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Interest Expenses rose 5.97% year-over-year to $16.9 million in Q2 2026; TTM through Jun 2026 was $71.9 million, a 35.21% increase from a year earlier, with the FY2025 full-year figure at $65.1 million, up 39.69% from the prior year.
- Interest Expenses was $16.9 million for Q2 2026 at Plug Power, down from $17.4 million in the prior quarter.
- Over five years, Interest Expenses peaked at $21.2 million in Q4 2025 and troughed at $8.6 million in Q1 2022.
- A 5-year average of $12.8 million and a median of $11.4 million in 2023 frame the typical range for Interest Expenses.
- Across the five-year window, Interest Expenses retreated 29.88% in 2022 and soared 79.94% in 2025, its largest moves.
- Over 5 years, Interest Expenses stood at $10.2 million in 2022, then advanced by 12.96% to $11.5 million in 2023, then soared by 44.88% to $16.6 million in 2024, then gained by 27.67% to $21.2 million in 2025, then retreated by 20.49% to $16.9 million in 2026.
- The last three Interest Expenses figures came in at $16.9 million (Q2 2026), $17.4 million (Q1 2026), and $21.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 3.04 Bn | 2.72 Bn | -1.68 Mn | 16.89 Mn |
| 2 | NewHydrogen | 12.64 Mn | 12.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.89 Mn |
| Mar 31, 2026 | 17.35 Mn |
| Dec 31, 2025 | 21.24 Mn |
| Sep 30, 2025 | 16.46 Mn |
| Jun 30, 2025 | 15.94 Mn |
| Mar 31, 2025 | 11.49 Mn |
| Dec 31, 2024 | 16.64 Mn |
| Sep 30, 2024 | 9.15 Mn |
| Jun 30, 2024 | 9.51 Mn |
| Mar 31, 2024 | 11.33 Mn |
| Dec 31, 2023 | 11.48 Mn |
| Sep 30, 2023 | 11.80 Mn |
| Jun 30, 2023 | 11.27 Mn |
| Mar 31, 2023 | 10.65 Mn |
| Dec 31, 2022 | 10.17 Mn |
| Sep 30, 2022 | 9.02 Mn |
| Jun 30, 2022 | 11.20 Mn |
| Mar 31, 2022 | 8.65 Mn |
| Dec 31, 2021 | 9.67 Mn |
| Sep 30, 2021 | 9.51 Mn |