Plug Power (PLUG) Interest Expenses (2011 - 2026)
Plug Power's (PLUG) quarterly Interest Expenses came in at $17.4 million in Q1 2026, up 51.06% year-on-year from $11.5 million in Q1 2025, and down 18.32% on a QoQ basis from $21.2 million in Q4 2025.
Plug Power (PLUG) Interest Expenses (2011 - 2026) Analysis & Trends
Plug Power (PLUG) has 16 years of Interest Expenses data on file, last reported at $17.4 million in Q1 2026.
- On a quarterly basis, Interest Expenses rose 51.06% year-over-year to $17.4 million in Q1 2026; TTM through Mar 2026 was $71.0 million, a 40.38% decrease from a year earlier, with the FY2025 full-year figure at $1.4 billion, up 31.8% from the prior year.
- Interest Expenses for Q1 2026 stood at $17.4 million, down from $21.2 million in the prior quarter.
- Over the last five years, Interest Expenses for PLUG reached as high as $101.2 million in Q3 2022 and fell as low as $11.5 million in Q1 2025.
- Historically, Interest Expenses has averaged $30.9 million across 5 years, with a median of $18.8 million in 2022.
- Across the five-year window, Interest Expenses surged 770.22% in 2022 and tumbled 81.22% in 2023, its largest moves.
- Year by year, Interest Expenses stood at $38.8 million in 2022, then tumbled by 58.8% to $16.0 million in 2023, then jumped by 337.35% to $70.0 million in 2024, then tumbled by 69.63% to $21.2 million in 2025, then declined by 18.32% to $17.4 million in 2026.
- Per Business Quant data, the three most recent Interest Expenses figures were $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) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 227,000.00 |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 42.80 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 638.56 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 97.70 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 107.80 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 39.90 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 7.80 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 6.64 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | -7.72 Mn |
| 10 | Plug Power | 3.06 Bn | 2.67 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 | 69.95 Mn |
| Dec 31, 2024 | 69.95 Mn |
| Sep 30, 2024 | 16.19 Mn |
| Sep 30, 2024 | 16.19 Mn |
| Jun 30, 2024 | 16.05 Mn |
| Jun 30, 2024 | 16.05 Mn |
| Mar 31, 2024 | 16.07 Mn |
| Mar 31, 2024 | 16.07 Mn |
| Dec 31, 2023 | 15.99 Mn |
| Dec 31, 2023 | 15.99 Mn |