What is Plug Power's capitalized loan guarantee charges?

Plug Power (PLUG) reported capitalized loan guarantee charges of $3.3M in Q4 2025.

What does capitalized loan guarantee charges mean?

Costs associated with securing loan guarantees that are capitalized and amortized over the term of the debt. These charges represent the financial friction of accessing credit markets for infrastructure projects.

Plug Power PLUG Capitalized Loan Guarantee Charges

Capitalized Loan Guarantee Charges at other companies

Kimberly-ClarkKMB

$3.75M—

White Mountains Insurance GroupWTM

$3.6M-21.7%

FRM

Fermi Inc. Common StockFRMI

$4.21M—

White Mountains Insurance GroupWTM

$2M-2.4%

Albertsons CompaniesACI

$9.2M+136%

Seven Hills Realty TrustSEVN

$137K—

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 plug:CapitalizedLoanGuaranteeCharges.

The official record: Plug Power’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plug Power's capitalized loan guarantee charges?: Plug Power (PLUG) reported capitalized loan guarantee charges of $3.3M in Q4 2025.
What does capitalized loan guarantee charges mean?: Costs associated with securing loan guarantees that are capitalized and amortized over the term of the debt. These charges represent the financial friction of accessing credit markets for infrastructure projects.