Growth Metrics

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 🔒
DateValue
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