Plug Power (PLUG) Interest Expenses (2020 - 2026)
Plug Power (PLUG) reported Interest Expenses of $17.4 million for Q1 2026, up 51.06% year-over-year from $11.5 million in Q1 2025, and down 18.32% quarter-over-quarter from $21.2 million in Q4 2025.
Plug Power (PLUG) Interest Expenses (2020 - 2026) Analysis & Trends
Plug Power (PLUG) has 7 years of Interest Expenses data on file, last reported at $17.4 million in Q1 2026.
- Interest Expenses for Q1 2026 came in at $17.4 million, up 51.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $71.0 million (up 51.75% YoY), and the FY2025 annual result was $65.1 million, up 39.69% from the prior year.
- Interest Expenses fell to $17.4 million in Q1 2026 per PLUG's latest filing, from $21.2 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 $12.5 million and a median of $11.3 million in 2024 frame the typical range for Interest Expenses.
- The sharpest annual moves came in 2022 and 2025: Interest Expenses decreased 29.88% in 2022, then jumped 79.94% in 2025.
- A 5-year view of Interest Expenses shows it stood at $10.2 million in 2022, then climbed by 12.96% to $11.5 million in 2023, then jumped by 44.88% to $16.6 million in 2024, then advanced by 27.67% to $21.2 million in 2025, then decreased by 18.32% to $17.4 million in 2026.
- Business Quant data shows PLUG's Interest Expenses at $17.4 million in Q1 2026, $21.2 million in Q4 2025, and $16.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | -4.40 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 8.60 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 1.30 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | - |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 4.10 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | - |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 451,000.00 |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | - |
| 10 | Plug Power | 3.75 Bn | 3.37 Bn | -21.61 Mn | 17.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.35 Mn |
| Mar 31, 2026 | 17.35 Mn |
| Dec 31, 2025 | 21.24 Mn |
| Dec 31, 2025 | 21.24 Mn |
| Sep 30, 2025 | 16.46 Mn |
| Sep 30, 2025 | 16.46 Mn |
| Jun 30, 2025 | 15.94 Mn |
| Jun 30, 2025 | 15.94 Mn |
| Mar 31, 2025 | 11.49 Mn |
| Mar 31, 2025 | 11.49 Mn |
| Dec 31, 2024 | 16.64 Mn |
| Dec 31, 2024 | 16.64 Mn |
| Sep 30, 2024 | 9.15 Mn |
| Sep 30, 2024 | 9.15 Mn |
| Jun 30, 2024 | 9.51 Mn |
| Jun 30, 2024 | 9.51 Mn |
| Mar 31, 2024 | 11.33 Mn |
| Mar 31, 2024 | 11.33 Mn |
| Dec 31, 2023 | 11.48 Mn |
| Dec 31, 2023 | 11.48 Mn |