Plug Power (PLUG) Non-Current Debt (2011 - 2025)
Plug Power (PLUG) posted quarterly Non-Current Debt of $49.9 million for Q3 2025, up 1179.49% year-over-year from $3.9 million in Q3 2024, and down 50.0% quarter-over-quarter from $99.8 million in Q2 2025.
Plug Power (PLUG) Non-Current Debt (2011 - 2025) Analysis & Trends
Plug Power (PLUG) has reported Non-Current Debt for 12 consecutive years, with $49.9 million the latest figure, recorded in Q3 2025.
- In Q3 2025, Non-Current Debt rose 1179.49% year-over-year to $49.9 million; the TTM figure through Sep 2025 stood at $49.9 million (up 1179.49% YoY), while the FY2024 annual figure was $1.7 million, down 56.41% from the prior year.
- Non-Current Debt eased to $49.9 million in Q3 2025 per PLUG's latest filing, from $99.8 million in the prior quarter.
- Across five years, Non-Current Debt topped out at $99.8 million in Q2 2025 and bottomed at $1.7 million in Q4 2024.
- Historically, Non-Current Debt has averaged $17.5 million across 4 years, with a median of $4.1 million in 2023.
- Annual changes were most pronounced in 2024 — Non-Current Debt plunged 57.78% — and 2025, when it jumped 2597.3%.
- Plug Power's Non-Current Debt stood at $9.0 million in 2022, then plunged by 56.67% to $3.9 million in 2023, then sank by 56.41% to $1.7 million in 2024, then jumped by 2835.29% to $49.9 million in 2025.
- Business Quant data shows PLUG's Non-Current Debt at $49.9 million in Q3 2025, $99.8 million in Q2 2025, and $1.7 million in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 2.94 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | - |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 1.49 Bn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 4.80 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 1.13 Bn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 697.30 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 1.01 Bn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 945.61 Mn |
| 10 | Plug Power | 3.05 Bn | 2.74 Bn | -1.68 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 49.90 Mn |
| Jun 30, 2025 | 99.80 Mn |
| Dec 31, 2024 | 1.70 Mn |
| Sep 30, 2024 | 3.90 Mn |
| Jun 30, 2024 | 3.70 Mn |
| Mar 31, 2024 | 3.80 Mn |
| Dec 31, 2023 | 3.90 Mn |
| Sep 30, 2023 | 4.10 Mn |
| Jun 30, 2023 | 4.20 Mn |
| Mar 31, 2023 | 9.00 Mn |
| Dec 31, 2022 | 9.00 Mn |
| Dec 31, 2020 | 160,000.00 |
| Sep 30, 2020 | 185.00 Mn |
| Jun 30, 2020 | 33.70 Mn |
| Mar 31, 2020 | 107.50 Mn |
| Dec 31, 2019 | 112.70 Mn |
| Sep 30, 2019 | 96.30 Mn |
| Jun 30, 2019 | 99.90 Mn |
| Mar 31, 2019 | 72.68 Mn |
| Dec 31, 2018 | 133,000.00 |