What is Plug Power's changes fair value of warrant liability?

Plug Power (PLUG) reported changes fair value of warrant liability of -$54.64M in Q1 2026.

How has Plug Power's changes fair value of warrant liability changed year-over-year?

Plug Power's changes fair value of warrant liability decreased by 270.6% year-over-year, from $32.03M to -$54.64M.

What does changes fair value of warrant liability mean?

Captures the non-cash gain or loss resulting from the periodic revaluation of outstanding warrant liabilities. Fluctuations in this metric are typically driven by changes in the company's underlying stock price and volatility, impacting reported net income.

Plug Power PLUG Changes Fair Value Of Warrant Liability

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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 plug:ChangesFairValueOfWarrantLiability.

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 changes fair value of warrant liability?: Plug Power (PLUG) reported changes fair value of warrant liability of -$54.64M in Q1 2026.
How has Plug Power's changes fair value of warrant liability changed year-over-year?: Plug Power's changes fair value of warrant liability decreased by 270.6% year-over-year, from $32.03M to -$54.64M.
What does changes fair value of warrant liability mean?: Captures the non-cash gain or loss resulting from the periodic revaluation of outstanding warrant liabilities. Fluctuations in this metric are typically driven by changes in the company's underlying stock price and volatility, impacting reported net income.