What is Plug Power's warrant liabilities inducement expense?

Plug Power (PLUG) reported warrant liabilities inducement expense of $49.12M in Q4 2025.

What does warrant liabilities inducement expense mean?

Reflects the costs incurred to incentivize warrant holders to exercise their rights or modify existing warrant terms. This expense indicates the financial effort required to accelerate capital conversion or restructure equity-linked liabilities.

Plug Power PLUG Warrant Liabilities Inducement Expense

Warrant Liabilities Inducement Expense at other companies

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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:WarrantLiabilitiesInducementExpense.

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 warrant liabilities inducement expense?: Plug Power (PLUG) reported warrant liabilities inducement expense of $49.12M in Q4 2025.
What does warrant liabilities inducement expense mean?: Reflects the costs incurred to incentivize warrant holders to exercise their rights or modify existing warrant terms. This expense indicates the financial effort required to accelerate capital conversion or restructure equity-linked liabilities.