Plug Power (PLUG) Long-Term Debt Issuances (2013 - 2025)
Plug Power (PLUG) posted quarterly Long-Term Debt Issuances of -$6.1 million for Q4 2025, down 104.48% year-over-year from $135.6 million in Q4 2024, and down 112.17% quarter-over-quarter from $49.9 million in Q3 2025.
Plug Power (PLUG) Long-Term Debt Issuances (2013 - 2025) Analysis & Trends
Plug Power (PLUG) has reported Long-Term Debt Issuances for 12 consecutive years, with -$6.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Long-Term Debt Issuances fell 104.48% year-over-year to -$6.1 million; the TTM figure through Dec 2025 stood at $193.4 million (down 8.75% YoY), while the FY2025 annual figure was $243.3 million, up 28.06% from the prior year.
- Long-Term Debt Issuances declined to -$6.1 million in Q4 2025 per PLUG's latest filing, from $49.9 million in the prior quarter.
- Across five years, Long-Term Debt Issuances topped out at $135.6 million in Q4 2024 and bottomed at -$29.1 million in Q4 2022.
- Historically, Long-Term Debt Issuances has averaged $29.8 million across 5 years, with a median of $17.8 million in 2022.
- Annual changes were most pronounced in 2022 — Long-Term Debt Issuances plunged 152.5% — and 2024, when it soared 869.43%.
- Plug Power's Long-Term Debt Issuances stood at $55.5 million in 2021, then sank by 152.5% to -$29.1 million in 2022, then soared by 148.02% to $14.0 million in 2023, then jumped by 869.43% to $135.6 million in 2024, then tumbled by 104.48% to -$6.1 million in 2025.
- Business Quant data shows PLUG's Long-Term Debt Issuances at -$6.1 million in Q4 2025, $49.9 million in Q3 2025, and $135.6 million in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Debt Issuances (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | - |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | - |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | - |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 44.60 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | - |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | - |
| 10 | Hayward Holdings | 3.17 Bn | 2.69 Bn | 155.05 Mn | 354.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.07 Mn |
| Dec 31, 2025 | -6.07 Mn |
| Sep 30, 2025 | 49.88 Mn |
| Sep 30, 2025 | 49.88 Mn |
| Dec 31, 2024 | 135.58 Mn |
| Dec 31, 2024 | 135.58 Mn |
| Dec 31, 2023 | 13.99 Mn |
| Dec 31, 2023 | 13.99 Mn |
| Sep 30, 2023 | 12.68 Mn |
| Sep 30, 2023 | 12.68 Mn |
| Jun 30, 2023 | 49.66 Mn |
| Jun 30, 2023 | 49.66 Mn |
| Mar 31, 2023 | 27.93 Mn |
| Mar 31, 2023 | 27.93 Mn |
| Dec 31, 2022 | -29.13 Mn |
| Dec 31, 2022 | -29.13 Mn |
| Sep 30, 2022 | 48.93 Mn |
| Sep 30, 2022 | 48.93 Mn |
| Jun 30, 2022 | 17.78 Mn |
| Jun 30, 2022 | 17.78 Mn |