PLUG POWER INC (PLUG) Spending and interest coverage
- R&D / revenue · 12 months: Value 7.25%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 7.16%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value -17.87×; Formula and calculation Operating income ÷ reported interest expense..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 7.25% | Research and development expense / revenue. Period ending 2026-06-30. $53.94M ÷ $744.09M × 100 ≈ 7.25% |
| Stock-based compensation / revenue · 12 months | 7.16% | Share-based compensation / revenue. Period ending 2026-06-30. $53.27M ÷ $744.09M × 100 ≈ 7.16% |
| Interest coverage · 12 months | -17.87× | Operating income ÷ reported interest expense. $-1.29B ÷ $71.94M ≈ -17.87× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 53.94M USD | Research and Development Expense |
| Revenue | 744.09M USD | |
| Stock-based compensation | 53.27M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | -1.29B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | 71.94M USD | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: Reported. Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $53.94M | $744.09M | $53.27M | $-1.29B | $71.94M | 7.25% | 7.16% | -17.87× | Reported |
| 2026-03-31 | $52.72M | $739.76M | $53.40M | $-1.40B | $70.99M | 7.13% | 7.22% | -19.70× | Reported |
| 2025-12-31 | $57.96M | $709.92M | $50.55M | $-1.47B | $65.13M | 8.16% | 7.12% | -22.53× | Reported |
| 2025-09-30 | $58.96M | $676.17M | $54.49M | $-2.00B | $60.52M | 8.72% | 8.06% | -33.11× | Reported |
| 2025-06-30 | $62.56M | $672.84M | $66.36M | $-1.87B | $53.21M | 9.30% | 9.86% | -35.17× | Reported |
| 2025-03-31 | $69.30M | $642.22M | $79.59M | $-1.94B | $46.78M | 10.79% | 12.39% | -41.44× | Reported |
| 2024-12-31 | $77.23M | $628.81M | $82.20M | $-2.02B | $46.62M | 12.28% | 13.07% | -43.32× | Reported |
| 2024-09-30 | $94.24M | $659.50M | $97.95M | $-1.35B | $41.47M | 14.29% | 14.85% | -32.46× | Reported |
| 2024-06-30 | $102.18M | $684.49M | $119.70M | $-1.40B | $44.12M | 14.93% | 17.49% | -31.82× | Reported |
| 2024-03-31 | $112.49M | $801.32M | $133.31M | $-1.39B | $45.88M | 14.04% | 16.64% | -30.37× | Reported |
| 2023-12-31 | $113.75M | $891.34M | $162.91M | $-1.34B | $45.20M | 12.76% | 18.28% | -29.72× | Reported |
| 2023-09-30 | $110.89M | $889.92M | $173.72M | $-951.35M | $43.88M | 12.46% | 19.52% | -21.68× | Reported |
| 2023-06-30 | $111.35M | $879.84M | $174.60M | $-837.12M | $41.10M | 12.66% | 19.84% | -20.37× | Reported |
| 2023-03-31 | $105.65M | $770.92M | $179.54M | $-750.19M | $41.04M | 13.70% | 23.29% | -18.28× | Reported |
| 2022-12-31 | $99.58M | $701.44M | $179.63M | $-679.55M | $39.04M | 14.20% | 25.61% | -17.41× | Reported |
| 2022-09-30 | $99.26M | $642.60M | $176.64M | $-646.56M | $38.54M | 15.45% | 27.49% | -16.78× | Reported |
| 2022-06-30 | $87.79M | $597.90M | $143.90M | $-585.48M | $39.03M | 14.68% | 24.07% | -15.00× | Reported |
| 2022-03-31 | $75.48M | $571.19M | $110.16M | $-528.20M | $39.54M | 13.21% | 19.29% | -13.36× | Reported |
| 2021-12-31 | $64.76M | $502.34M | $76.47M | $-437.32M | $43.23M | 12.89% | 15.22% | -10.12× | Reported |
| 2021-09-30 | $48.44M | $31.34M | $42.69M | $-714.36M | (m) | 154.57% | 136.22% | (m) | (m) |
| 2021-06-30 | $39.19M | $-5.54M | $31.76M | $-670.00M | (m) | -707.91% | -573.74% | (m) | (m) |
| 2021-03-31 | $32.82M | $-62.10M | $23.79M | $-606.90M | (m) | -52.85% | -38.30% | (m) | (m) |
| 2020-12-31 | $27.85M | $-93.24M | $17.14M | $-584.20M | (m) | -29.87% | -18.38% | (m) | (m) |
| 2020-09-30 | $41.47M | $307.54M | $12.22M | $-87.31M | (m) | 13.49% | 3.97% | (m) | (m) |
| 2020-06-30 | $37.54M | $260.01M | $11.96M | $-69.86M | (m) | 14.44% | 4.60% | (m) | (m) |
| 2020-03-31 | $36.71M | $249.47M | $11.44M | $-55.46M | (m) | 14.72% | 4.58% | (m) | (m) |
| 2019-12-31 | $33.67M | $230.24M | $10.89M | $-50.04M | (m) | 14.63% | 4.73% | (m) | (m) |
| 2019-09-30 | $32.76M | $191.86M | $10.31M | $-61.96M | (m) | 17.08% | 5.37% | (m) | (m) |
| 2019-06-30 | $33.14M | $188.65M | $9.57M | $-61.44M | (m) | 17.57% | 5.07% | (m) | (m) |
| 2019-03-31 | $32.63M | $166.81M | $9.26M | $-72.01M | (m) | 19.56% | 5.55% | (m) | (m) |
| 2018-12-31 | $33.91M | $174.63M | $8.77M | $-69.48M | (m) | 19.42% | 5.02% | (m) | (m) |
| 2018-09-30 | $34.11M | (m) | $8.31M | $-74.28M | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | $33.15M | (m) | $8.74M | $-98.02M | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | $31.34M | (m) | $8.75M | $-103.11M | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | $28.69M | (m) | $9.21M | $-101.79M | (m) | (m) | (m) | (m) | (m) |
| 2017-09-30 | $26.20M | (m) | $9.83M | $-96.01M | (m) | (m) | (m) | (m) | (m) |
| 2017-06-30 | $23.77M | (m) | $9.71M | $-72.89M | (m) | (m) | (m) | (m) | (m) |
| 2017-03-31 | $22.34M | $85.83M | $9.54M | $-58.19M | (m) | 26.03% | 11.11% | (m) | (m) |
| 2016-12-31 | $21.18M | $85.93M | $9.29M | $-51.52M | (m) | 24.65% | 10.81% | (m) | (m) |
| 2016-09-30 | $19.52M | $91.78M | $8.73M | $-63.70M | (m) | 21.27% | 9.51% | (m) | (m) |
| 2016-06-30 | $18.65M | $105.65M | $8.76M | $-62.70M | (m) | 17.65% | 8.29% | (m) | (m) |
| 2016-03-31 | $16.88M | $109.20M | $8.34M | $-59.19M | (m) | 15.45% | 7.63% | (m) | (m) |
| 2015-12-31 | $14.95M | $103.29M | $7.82M | $-59.00M | (m) | 14.47% | 7.57% | (m) | (m) |
| 2015-09-30 | $12.63M | $86.31M | $7.59M | $-48.10M | (m) | 14.63% | 8.79% | (m) | (m) |
| 2015-06-30 | $10.14M | $74.76M | $6.34M | $-46.54M | (m) | 13.57% | 8.48% | (m) | (m) |
| 2015-03-31 | $8.12M | $68.07M | $5.21M | $-43.32M | (m) | 11.92% | 7.65% | (m) | (m) |
| 2014-12-31 | $6.47M | $64.23M | $4.16M | $-37.93M | (m) | 10.07% | 6.47% | (m) | (m) |
| 2014-09-30 | $5.07M | (m) | $3.01M | $-32.69M | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | $4.20M | (m) | $2.42M | $-29.99M | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | $3.62M | (m) | $2.32M | $-29.96M | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | $3.12M | $26.60M | $2.18M | $-28.96M | (m) | 11.73% | 8.20% | (m) | (m) |
| 2013-09-30 | $3.69M | (m) | $2.08M | $-30.54M | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | $4.20M | (m) | $2.00M | $-34.32M | (m) | (m) | (m) | (m) | (m) |
| 2013-03-31 | $4.96M | (m) | $1.98M | $-35.24M | (m) | (m) | (m) | (m) | (m) |
| 2012-12-31 | $5.43M | (m) | $2.00M | $-36.67M | (m) | (m) | (m) | (m) | (m) |
| 2012-09-30 | $6.10M | (m) | $1.35M | $-33.54M | (m) | (m) | (m) | (m) | (m) |
| 2012-06-30 | $6.29M | (m) | $1.47M | $-30.55M | (m) | (m) | (m) | (m) | (m) |
| 2012-03-31 | $5.82M | (m) | $1.58M | $-31.65M | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | $5.66M | (m) | $1.45M | $-31.13M | (m) | (m) | (m) | (m) | (m) |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $12.90M | (m) | $1.17M | $-47.53M | (m) | (m) | (m) | (m) | (m) |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $16.32M | (m) | $1.93M | $-41.27M | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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