EPLUS INC

Listed Company

PLUSCIK 0001022408NasdaqLarge AcceleratedWholesale-Computers & Peripheral Equipment & SoftwareDelawareFY ends Mar 31

Period

FY 2026

Revenue

$2.44B

Net Income

$132.64M

Total Assets

$1.80B

Equity

$1.07B

Shares Out

26.15M

Op. Cash Flow

$-116.23M

Business

EPLUS INC delivers integrated IT solutions and financing services to commercial enterprises, government entities, contractors, and educational institutions. It offers third-party hardware and software sales, subscription and maintenance services, advanced professional and consulting services, managed security and cloud services, lifecycle and logistics support, and IT equipment financing and leasing. The company operates two principal businesses: a technology business organized into product, professional services, and managed services segments, and a financing business that provides leases, loans, and asset management. It sells primarily in the United States and in select international markets (UK, EU, India, Singapore) through direct sales, vendor partnerships, and digital channels.

Summary from filing dated 2025-05-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Net sales	—	—	—
Total	2,443	2,000	2,178
Cost of sales	—	—	—
Total	1,826	1,488	1,667
Gross profit	616	512	512
Selling, general, and administrative	423	387	356
Depreciation and amortization	27	26	21
Interest and financing costs	0	0	1
Operating expenses	450	412	378
Operating income	166	100	134
Other income, net	7	6	1
Earnings from continuing operations before tax	173	106	135
Provision for income taxes	49	30	38
Net earnings from continuing operations	124	76	97
Net earnings from discontinued operations, net of tax (Note 5)	9	28	21
Net earnings (in Dollars)	133	105	118
Net earnings per common share—basic	—	—	—
Continuing operations (in Dollars per share)	4.73	2.88	3.66
Discontinued operations (in Dollars per share)	0.32	1.06	0.78
Net earnings per common share – basic (in Dollars per share)	5.05	3.94	4.44
Net earnings per common share—diluted	—	—	—
Continuing operations (in Dollars per share)	4.71	2.87	3.64
Discontinued operations (in Dollars per share)	0.32	1.06	0.77
Net earnings per common share – diluted (in Dollars per share)	5.03	3.93	4.41
Weighted average common shares outstanding—basic (in Shares)	26	27	27
Weighted average common shares outstanding—diluted (in Shares)	26	27	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
Current assets:	—	—
Cash and cash equivalents	411	389
Accounts receivable—trade, net	668	508
Accounts receivable—other, net	39	19
Inventories	201	120
Deferred costs	78	67
Other current assets	32	31
Current assets of discontinued operations	0	222
Total current assets	1,428	1,358
Deferred tax asset	9	4
Property, equipment, and other assets—net	100	99
Goodwill	203	203
Other intangible assets—net	61	82
Non-current assets of discontinued operations	0	134
TOTAL ASSETS	1,801	1,879
Current liabilities:	—	—
Accounts payable	265	324
Accounts payable—floor plan	120	90
Salaries and commissions payable	49	43
Deferred revenue	168	154
Other current liabilities	37	22
Current liabilities of discontinued operations	0	166
Total current liabilities	638	799
Deferred tax liability—long-term	0	1
Deferred revenue—long-term	83	82
Other liabilities	11	14
Non-current liabilities of discontinued operations	0	13
TOTAL LIABILITIES	732	908
COMMITMENTS AND CONTINGENCIES (Note 11)	—	—
Preferred stock, $0.01 per share par value; 2,000 shares authorized; none outstanding	0	0
Common stock, $0.01 per share par value; 50,000 shares authorized; 27,765 shares issued and 26,299 outstanding at March 31, 2026, and 27,582 shares issued and 26,526 outstanding at March 31, 2025	278,000	276,000
Additional paid-in capital	210	194
Treasury stock, at cost, 1,466 shares at March 31, 2026, and 1,056 shares at March 31, 2025	102	71
Retained earnings	956	843
Accumulated other comprehensive income—foreign currency translation adjustment	4	3
Total Stockholders’ Equity	1,069	971
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,801	1,879

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Cash flows from operating activities:	—	—	—
Net earnings	133	105	118
Less: Net earnings from discontinued operations, net of tax	9	28	21
Net earnings from continuing operations	124	76	97
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities of continuing operations:	—	—	—
Depreciation and amortization	28	27	22
Provision for credit losses	483,000	2	371,000
Share-based compensation expense	12	11	9
Deferred taxes	−892,000	−3	3
Net loss on disposal of property and equipment	−121,000	−283,000	−192,000
Changes in:	—	—	—
Accounts receivable	165	−195	117
Inventories	80	−23	−102
Deferred costs and other assets	10	32	24
Accounts payable	−59	6	107
Salaries and commissions payable, deferred revenue, and other liabilities	32	12	52
Net cash provided by (used in) operating activities of continuing operations	−117	324	246
Net cash provided by (used in) operating activities of discontinued operations	1	−22	2
Net cash provided by (used in) operating activities	−116	302	248
Cash flows from investing activities:	—	—	—
Proceeds from sale of property and equipment	74,000	7,000	38,000
Purchases of property and equipment	4	5	8
Cash used in acquisitions, net of cash acquired	0	125	54
Net cash (used in) investing activities of continuing operations	−4	−130	−62
Net cash provided by (used in) investing activities of discontinued operations	164	1	−156,000
Net cash provided by (used in) investing activities	160	−129	−62
Cash flows from financing activities:	—	—	—
Borrowings of non-recourse and recourse notes payable	0	0	252
Repayments of non-recourse and recourse notes payable	0	0	258
Proceeds from issuance of common stock	4	4	3
Repurchase of common stock	31	47	10
Dividend payments	20	0	0
Payments to settle liabilities for acquisitions	0	2	0
Net borrowings (repayments) on floor plan facility	30	−16	−47
Net cash (used in) financing activities of continuing operations	−17	−61	−60
Net cash provided by (used in) financing activities of discontinued operations	−6	24	24
Net cash (used in) financing activities	−23	−38	−37
Effect of exchange rate changes on cash	751,000	652,000	62,000
Net increase in cash and cash equivalents	21	136	150
Cash and cash equivalents, end of period	—	—	—
Cash and cash equivalents, end of period	—	—	—
Supplemental disclosures of cash flow information:	—	—	—
Cash paid for interest	102,000	143,000	2
Cash paid for amounts included in the measurement of lease liabilities	7	6	4
Schedule of non-cash investing and financing activities:	—	—	—
Purchases of property and equipment	54,000	214,000	279,000
Consideration for acquisitions	0	0	2
Vesting of share-based compensation	10	12	9
Repurchase of common stock	567,000	0	0
New operating lease assets obtained in exchange for lease obligations	3	7	5

Filings

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