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
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 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