Plug Power (PLUG) Interest Expenses (2011 - 2026)
Plug Power (PLUG) posted quarterly Interest Expenses of $17.4 million for Q1 2026, up 51.06% year-over-year from $11.5 million in Q1 2025, and down 73.03% quarter-over-quarter from $64.3 million in Q4 2025.
Plug Power (PLUG) Interest Expenses (2011 - 2026) Analysis & Trends
Plug Power (PLUG) has reported Interest Expenses for 16 consecutive years, with $17.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Expenses rose 51.06% year-over-year to $17.4 million; the TTM figure through Mar 2026 stood at $114.1 million (up 15.23% YoY), while the FY2025 annual figure was $1.4 billion, up 31.8% from the prior year.
- Interest Expenses eased to $17.4 million in Q1 2026 per PLUG's latest filing, from $64.3 million in the prior quarter.
- Across five years, Interest Expenses topped out at $101.2 million in Q3 2022 and bottomed at -$25.2 million in Q4 2023.
- Historically, Interest Expenses has averaged $29.6 million across 5 years, with a median of $17.4 million in 2026.
- Annual changes were most pronounced in 2022 — Interest Expenses jumped 705.61% — and 2023, when it sank 355.12%.
- Plug Power's Interest Expenses stood at -$5.5 million in 2022, then tumbled by 355.12% to -$25.2 million in 2023, then surged by 461.83% to $91.0 million in 2024, then declined by 29.32% to $64.3 million in 2025, then tumbled by 73.03% to $17.4 million in 2026.
- Business Quant data shows PLUG's Interest Expenses at $17.4 million in Q1 2026, $64.3 million in Q4 2025, and $16.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 17.40 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 8.91 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 1.30 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | - |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 3.30 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 10.60 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | - |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | 16.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.89 Mn |
| Jun 30, 2026 | 16.89 Mn |
| Mar 31, 2026 | 17.35 Mn |
| Mar 31, 2026 | 17.35 Mn |
| Dec 31, 2025 | 64.34 Mn |
| Dec 31, 2025 | 64.34 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 | 91.03 Mn |
| Dec 31, 2024 | 91.03 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 |