EPLUS INC PLUS

Industrials SIC 5045 - Wholesale-Computers & Peripheral Equipment & Software NAICS Wholesale Trade › Merchant Wholesalers, Durable Goods › Professional and Commercial Equipment and Supplies Merchant Wholesalers › Computer and Computer Peripheral Equipment and Software Merchant Wholesalers derived Nasdaq

ePlus inc. ("we," "our," "us," or "ePlus") is a leading provider of technology solutions across the IT spectrum spanning AI, cloud, data center, security, networking, and collaboration, to domestic and foreign organizations across all industry segments. We operate through our product, professional services, and managed services segments. We have been in business since 1990.

Our solutions are comprised of world class leading technologies from partners such as Amazon Web Services ("AWS"), Arista Networks, Check Point, Cisco Systems, Citrix, CrowdStrike, Dell, Everpure, F5 Networks, Foresite, Fortinet, Gigamon, HPE, Lenovo, Microsoft, NetApp, Nutanix, NVIDIA, Oracle, Palo Alto Networks, Proficio, Rubrik, SentinelOne, Varonis, VMware by Broadcom, Zoom, and many others.

Last close 95.36 2026-10-23
Market cap $2.49B 2026-06-30 share count
52-week range 70.96 - 98.14

Valuation FY2025 figures against the last close

P/S1.0x
P/E19.0x
P/FCF—
EV/EBITDA12.8x
Dividend yield0.8%
Diluted EPS5.03

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 2.3B (96.2%) 96% U.S. International, FY2025: 92.7M (3.8%) 4% FY2024 U.S., FY2024: 1.9B (95.7%) 96% International, FY2024: 85.3M (4.3%) 4% FY2023 U.S., FY2023: 2.1B (95.5%) 96% International, FY2023: 97.6M (4.5%) 4%
Region FY2025FY2024FY2023
U.S. $2.35B $1.91B $2.08B
International $92.7M $85.3M $97.6M

As the company reported it, from the “SEGMENT REPORTING - Geographical Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Product Segment
  • Professional Services Segment
  • Managed Services Segment
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Product Segment, FY2025: 2B (81.0%) 81% Product Segment Professional Services Segment, FY2025: 273.4M (11.2%) 11% Managed Services Segment, FY2025: 189.4M (7.8%) 8% FY2024 Product Segment, FY2024: 1.6B (80.0%) 80% Professional Services Segment, FY2024: 229M (11.5%) 11% Managed Services Segment, FY2024: 171.3M (8.6%) 9% FY2023 Product Segment, FY2023: 1.9B (86.6%) 87% Professional Services Segment, FY2023: 154.5M (7.1%) 7% Managed Services Segment, FY2023: 137.5M (6.3%) 6%
Segment FY2025FY2024FY2023
Product Segment $1.98B $1.60B $1.89B
Professional Services Segment $273.4M $229.0M $154.5M
Managed Services Segment $189.4M $171.3M $137.5M

As the company reported it, from the “SEGMENT REPORTING - Disaggregation of Net Sales and Revenue Recognized from Contracts with Customers (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.44B$2.00B$2.18B$2.02B$1.75B$1.50B$1.52B$1.31B$1.37B$1.27B
Cost of revenue $1.83B$1.49B$1.67B$1.54B$1.36B$1.17B$1.20B$1.04B$1.10B$1.03B
Gross profit $616.1M$512.1M$511.7M$475.0M$461.0M$393.6M$391.2M$330.4M$323.5M$299.8M
SG&A $423.4M$386.7M$355.6M$319.9M$297.1M$271.3M$279.2M$237.1M$228.1M$205.2M
Total operating expenses $449.9M$412.4M$377.9M$351.4M$313.7M$287.2M$295.9M$250.9M$239.2M$214.0M
Operating income $166.1M$99.7M$133.8M$138.6M$147.3M$106.3M$95.3M$79.5M$84.2M$85.7M
Interest expense ——$3.8M$4.1M$1.9M$2.0M$2.6M$1.9M$1.2M$1.5M
Pre-tax income $173.4M$106.1M$135.2M$133.1M$146.9M$106.9M$96.0M$86.2M$83.9M$86.1M
Income tax $49.3M$29.7M$37.9M$35.7M$41.3M$32.5M$26.9M$23.0M$28.8M$35.6M
Net income $132.6M$104.6M$118.0M$116.0M$103.7M$74.4M$69.1M$63.2M$55.1M$50.6M
EPS, basic 5.053.944.444.493.962.792.594.704.003.65
EPS, diluted 5.033.934.414.483.932.772.574.653.953.60
Shares, diluted (wtd. avg.) 26.4M26.7M26.7M26.7M26.9M26.8M26.8M13.6M14.0M14.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $410.8M$389.4M$253.0M$103.1M$155.4M$129.6M$86.2M$79.8M$118.2M$109.8M
Receivables $667.8M$508.3M$644.6M$504.1M$430.4M$391.6M$375.0M$299.9M$268.3M—
Inventory $200.9M$120.4M$139.7M$243.3M$155.1M$70.0M$50.3M$50.5M$39.9M$93.6M
Total current assets $1.43B$1.36B$1.27B$1.10B$897.5M$777.6M$649.8M$560.1M$564.9M$597.3M
Property, plant and equipment $12.8M$15.6M$12.9M$11.9M$7.9M$7.4M$7.2M$7.3M$7.5M$6.7M
Goodwill $202.9M$202.9M$161.5M$136.1M$126.5M$126.6M$118.1M$110.8M$76.6M$48.4M
Other intangibles $61.3M$82.0M$44.1M$25.0M$27.2M$38.6M$34.5M$38.9M$26.3M$12.2M
Total assets $1.80B$1.88B$1.65B$1.41B$1.17B$1.08B$909.1M$786.2M$755.5M$741.7M
Accounts payable $264.6M$323.9M$315.7M$220.2M$136.2M$165.2M$82.9M$86.8M$106.9M$113.5M
Total current liabilities $638.1M$799.1M$657.0M$561.3M$460.0M$459.4M$386.6M$328.9M$350.1M$376.5M
Long-term debt —$38.8M————————
Total liabilities $732.0M$908.4M$751.7M$632.6M$505.5M$514.4M$423.0M$361.9M$382.9M$395.8M
Retained earnings $956.0M$843.2M$743.0M$627.2M$507.8M$484.6M$410.2M$341.1M$277.9M$222.8M
Total equity $1.07B$970.7M$897.4M$775.7M$660.7M$562.4M$486.1M$424.3M$372.6M$345.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$116.2M$302.1M$248.4M-$15.4M-$20.6M$129.5M-$74.2M$39.4M$82.8M$33.0M
Depreciation and amortisation $27.6M$27.2M$22.5M$15.3M$24.3M$20.0M$19.2M$18.6M$15.8M$11.7M
Stock-based compensation $12.1M$10.5M$9.5M$7.6M$7.1M$7.2M$8.0M$7.2M$6.5M$6.0M
Capital expenditure $4.4M$5.3M$7.7M$8.1M——————
Investing cash flow $159.8M-$128.9M-$62.0M-$18.9M-$1.3M-$35.8M-$20.3M-$96.2M-$57.7M-$26.3M
Financing cash flow -$22.9M-$37.6M-$36.6M-$20.9M$47.2M-$49.8M$100.6M$18.5M-$16.8M$7.8M
Dividends paid $19.7M$0$0—————$0$0
Buybacks $30.6M$46.9M$9.9M$7.2M$13.6M$6.9M$14.4M$18.8M$35.2M$30.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-029593.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.3B Gross profit, FY2016: 299.8M Net income, FY2016: 50.6M Revenue, FY2017: 1.4B Gross profit, FY2017: 323.5M Net income, FY2017: 55.1M Revenue, FY2018: 1.3B Gross profit, FY2018: 330.4M Net income, FY2018: 63.2M Revenue, FY2019: 1.5B Gross profit, FY2019: 391.2M Net income, FY2019: 69.1M Revenue, FY2020: 1.5B Gross profit, FY2020: 393.6M Net income, FY2020: 74.4M Revenue, FY2021: 1.8B Gross profit, FY2021: 461M Net income, FY2021: 103.7M Revenue, FY2022: 2B Gross profit, FY2022: 475M Net income, FY2022: 116M Revenue, FY2023: 2.2B Gross profit, FY2023: 511.7M Net income, FY2023: 118M Revenue, FY2024: 2B Gross profit, FY2024: 512.1M Net income, FY2024: 104.6M Revenue, FY2025: 2.4B Gross profit, FY2025: 616.1M Net income, FY2025: 132.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.27B $1.37B $1.31B $1.52B $1.50B $1.75B $2.02B $2.18B $2.00B $2.44B
Gross profit $299.8M $323.5M $330.4M $391.2M $393.6M $461.0M $475.0M $511.7M $512.1M $616.1M
Net income $50.6M $55.1M $63.2M $69.1M $74.4M $103.7M $116.0M $118.0M $104.6M $132.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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