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Plug Power PLUG Warrant Liabilities Inducement Expense

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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?
This metric measures the costs associated with incentivizing warrant holders to exercise their warrants earlier than originally scheduled. It often involves offering additional value or modified terms to accelerate the conversion of warrants into equity. This is typically viewed as a financing cost incurred to strengthen the balance sheet or manage capital structure.