What is Plug Power's convertible debt - current?

Plug Power (PLUG) reported convertible debt - current of $2.5M in Q1 2026.

How has Plug Power's convertible debt - current changed year-over-year?

Plug Power's convertible debt - current decreased by 95.7% year-over-year, from $58.38M to $2.5M.

What does convertible debt - current mean?

This represents the principal amount of debt instruments that can be converted into equity and are scheduled to mature or become due within one year. It indicates the immediate pressure on the company's balance sheet and potential dilution risk for existing shareholders in the near term.

Plug Power PLUG Convertible Debt - Current

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Other financials

Income statement

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Revenue$163.5M+22.3%

Gross profit-$21.6M+70.7%

Operating income-$109.5M+38.6%

Net income-$245.3M-24.7%

EPS (diluted)-$0.18+14.3%

Balance sheet

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Cash & equivalents$223.2M-24.6%

Total debt$263.3M-22.5%

Total equity$749.8M-59.6%

Total assets$2.4B-34.8%

Cash flow

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Operating cash flow-$150.0M-42.1%

CapEx$2.4M-94.0%

Free cash flow-$152.4M-4.4%

Valuation

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Market cap$3.78B+140%

Profitability

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Gross margin-26.4%-10.7pp

Operating margin-189%-51.4pp

Net margin-227.1%-48.7pp

FCF margin-88.3%-23.9pp

Returns & leverage

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Return on equity-128.9%+150pp

Debt / equity0.4×+0.2×

Current ratio2.4×+0.4×

Where this comes from

Reported directly by Plug Power in its filing.

Tagged under the XBRL concept us-gaap:ConvertibleNotesPayableCurrent.

The official record: Plug Power’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plug Power's convertible debt - current?: Plug Power (PLUG) reported convertible debt - current of $2.5M in Q1 2026.
How has Plug Power's convertible debt - current changed year-over-year?: Plug Power's convertible debt - current decreased by 95.7% year-over-year, from $58.38M to $2.5M.
What does convertible debt - current mean?: This represents the principal amount of debt instruments that can be converted into equity and are scheduled to mature or become due within one year. It indicates the immediate pressure on the company's balance sheet and potential dilution risk for existing shareholders in the near term.