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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Allowance for credit losses $ 37,753 $ 37,712
Fair value of convertible senior notes $ 108,650 $ 173,150
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 1,500,000,000 1,500,000,000
Common stock, shares issued 997,610,738 934,126,897
Common stock in treasury, shares 20,257,070 20,230,043
Total assets [1] $ 3,633,406 $ 3,602,846
Total current liabilities 788,385 748,489
Variable interest entities    
Total assets 156,341 148,605
Total current liabilities $ 5,566 $ 1,367
[1] Includes balances associated with a consolidated variable interest entity (“VIE”), including amounts reflected in “total assets” that can only be used to settle obligations of the VIE of $156,341 and $148,605 as of March 31, 2025 and December 31, 2024, respectively, as well as liabilities of the VIE reflected within “total liabilities” for which creditors do not have recourse to the general credit of Plug Power Inc. of $5,566 and $1,367 as of March 31, 2025 and December 31, 2024, respectively. Refer to Note 20, “Variable Interest Entities”, for additional information.