Plug Power (PLUG) Interest Expenses (2020 - 2026)
Plug Power's Interest Expenses came in at $16.89 million for Q2 2026, up 6.0% from $15.94 million a year earlier but down 2.7% from the prior quarter.
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Analysis
Plug Power (PLUG) Interest Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Plug Power reported Interest Expenses of $71.94 million, up 35.2% year-over-year; for FY2025, it was $65.13 million, up 39.7% from FY2024.
- Interest Expenses has increased in each of the last three years, with a five-year compound annual growth rate of 1.5% (FY2020 to FY2025).
- Going back by year, Interest Expenses was $46.62 million in FY2024 (+3.1%), $45.2 million in FY2023 (+15.8%), $39.04 million in FY2022 (-9.7%) and $43.23 million in FY2021 (-28.6%).
- The five-year range for quarterly Interest Expenses is $8.65 million (Q1 2022) to $21.24 million (Q4 2025).
- Year-over-year, Interest Expenses has increased for seven consecutive quarters, with growth averaging 32.0% over the last eight quarters.
- The fastest year-over-year change in Interest Expenses over five years came in Q3 2025 (growth of 79.9%), and the weakest in Q4 2021 (a decline of 46.6%).
- Business Quant data shows PLUG's Interest Expenses at $17.35 million (Q1 2026), $21.24 million (Q4 2025) and $16.46 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.60 Bn | 1.68 Bn | -1.68 Mn | 16.89 Mn |
| 2 | Rex American Resources | 1.41 Bn | 57.46 Mn | 53.30 Mn | - |
| 3 | Green Plains | 1.04 Bn | 438.04 Mn | 113.03 Mn | 8.13 Mn |
| 4 | Montauk Renewables | 401.08 Mn | 328.86 Mn | - | 1.53 Mn |
| 5 | Clean Energy Fuels | 350.37 Mn | -305.43 Mn | 30.14 Mn | 5.51 Mn |
| 6 | Gevo | 331.30 Mn | 48.28 Mn | 19.80 Mn | 5.63 Mn |
| 7 | OPAL Fuels | 314.56 Mn | 47.17 Mn | 24.47 Mn | 8.65 Mn |
| 8 | Aemetis | 133.29 Mn | 117.04 Mn | 13.52 Mn | 15.17 Mn |
| 9 | Verde Clean Fuels | 50.79 Mn | -147.69 Mn | - | - |
| 10 | Blue Biofuels | 35.59 Mn | 35.40 Mn | - | 19,689.00 |
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 |
API Access
Plug Power Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=PLUG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "PLUG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=PLUG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();