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% on a QoQ basis from $21.2 million in Q4 2025.
Plug Power (PLUG) has 7 years of Interest Expenses data on file, last reported at $17.4 million in Q1 2026.
- Quarterly Interest Expenses rose 51.06% year-over-year to $17.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $71.0 million (up 51.75% YoY) and the FY2025 annual result came in at $65.1 million, up 39.69% from the prior year.
- Interest Expenses retreated to $17.4 million in Q1 2026 per PLUG's latest filing, from $21.2 million in the prior quarter.
- Across five years, Interest Expenses topped out at $21.2 million in Q4 2025 and bottomed at $8.6 million in Q1 2022.
- The 5-year median for Interest Expenses is $11.3 million (2024), against an average of $12.5 million.
- The widest annual swing landed in 2022, when Interest Expenses fell 29.88%; it then surged 79.94% in 2025.
- Tracing PLUG's Interest Expenses over 5 years: stood at $10.2 million in 2022, then gained by 12.96% to $11.5 million in 2023, then surged by 44.88% to $16.6 million in 2024, then rose by 27.67% to $21.2 million in 2025, then fell by 18.32% to $17.4 million in 2026.
- Per Business Quant, the three latest PLUG Interest Expenses figures stand at $17.4 million (Q1 2026), $21.2 million (Q4 2025), and $16.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | -4.40 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 8.60 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 1.30 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | - |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 4.10 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | - |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | - |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 12.87 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 17.35 Mn |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 Bn | 118.70 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 |
| Sep 30, 2023 | 11.80 Mn |
| Sep 30, 2023 | 11.80 Mn |
| Jun 30, 2023 | 11.27 Mn |
| Jun 30, 2023 | 11.27 Mn |
| Mar 31, 2023 | 10.65 Mn |
| Mar 31, 2023 | 10.65 Mn |
| Dec 31, 2022 | 10.17 Mn |
| Dec 31, 2022 | 10.17 Mn |
| Sep 30, 2022 | 9.02 Mn |
| Sep 30, 2022 | 9.02 Mn |
| Jun 30, 2022 | 11.20 Mn |
| Jun 30, 2022 | 11.20 Mn |
| Mar 31, 2022 | 8.65 Mn |
| Mar 31, 2022 | 8.65 Mn |
| Dec 31, 2021 | 9.67 Mn |
| Dec 31, 2021 | 9.67 Mn |
| Sep 30, 2021 | 9.51 Mn |
| Sep 30, 2021 | 9.51 Mn |
| Jun 30, 2021 | 11.71 Mn |
| Jun 30, 2021 | 11.71 Mn |
| Mar 31, 2021 | 12.33 Mn |
| Mar 31, 2021 | 12.33 Mn |
| Dec 31, 2020 | 60.06 Mn |
| Dec 31, 2020 | 60.06 Mn |
| Sep 30, 2020 | 17.25 Mn |
| Sep 30, 2020 | 17.25 Mn |
| Jun 30, 2020 | 13.37 Mn |
| Jun 30, 2020 | 13.37 Mn |
| Mar 31, 2020 | 57,000.00 |
| Mar 31, 2020 | 57,000.00 |