Plug Power (PLUG) Total Debt (2010 - 2026)

Plug Power (PLUG) posted quarterly Total Debt of $72.3 million for Q1 2026, down 16.31% quarter-over-quarter from $86.4 million in Q4 2025.

Plug Power (PLUG) Total Debt (2010 - 2026) Analysis & Trends

Plug Power (PLUG) has reported Total Debt for 15 consecutive years, with $72.3 million the latest figure, recorded in Q1 2026.

In Q1 2026, Total Debt changed N/A year-over-year to $72.3 million; the TTM figure through Mar 2026 stood at $72.3 million (changed N/A YoY), while the FY2025 annual figure was $86.4 million, down 9.63% from the prior year.
Total Debt eased to $72.3 million in Q1 2026 per PLUG's latest filing, from $86.4 million in the prior quarter.
Across five years, Total Debt topped out at $99.8 million in Q2 2025 and bottomed at $937000.0 in Q3 2022.
Historically, Total Debt has averaged $30.2 million across 5 years, with a median of $6.7 million in 2023.
Annual changes were most pronounced in 2022 — Total Debt sank 96.78% — and 2025, when it soared 1420.51%.
Plug Power's Total Debt stood at $14.1 million in 2022, then tumbled by 53.22% to $6.6 million in 2023, then surged by 1344.76% to $95.6 million in 2024, then declined by 9.63% to $86.4 million in 2025, then slipped by 16.31% to $72.3 million in 2026.
Business Quant data shows PLUG's Total Debt at $72.3 million in Q1 2026, $86.4 million in Q4 2025, and $59.3 million in Q3 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Total 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	2.58 Mn
3	nVent Electric	24.99 Bn	24.74 Bn	558.00 Mn	1.51 Bn
4	Hubbell	24.90 Bn	24.51 Bn	613.00 Mn	5.37 Bn
5	Advanced Energy Industries	11.37 Bn	9.96 Bn	236.10 Mn	1.26 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	1.04 Bn
9	Hayward Holdings	3.18 Bn	2.70 Bn	155.05 Mn	956.42 Mn
10	Plug Power	3.05 Bn	2.74 Bn	-1.68 Mn	59.92 Mn

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