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
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