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PLUS

ePlus inc.

PLUS

ePlus inc. • NASDAQ
$89.60 ▼ -0.43% (-0.39)
Market Cap $2.37 B
52w High $93.37
52w Low $53.83
Dividend Yield 1.00%
P/E 18.36
Volume 84.35K
Outstanding Shares 26.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $608.826M ▼ $113.289M ▲ $34.855M ▼ 5.725% ▼ $1.32 ▲ $61.112M ▲
Q1-2026 $637.315M ▲ $112.016M ▲ $37.697M ▲ 5.915% ▲ $1.27 ▲ $49.159M ▲
Q4-2025 $498.114M ▼ $106.253M ▼ $25.196M ▲ 5.058% ▲ $0.95 ▲ $42.361M ▲
Q3-2025 $510.965M ▲ $108.117M ▲ $24.133M ▼ 4.723% ▼ $0.91 ▼ $36.9M ▲
Q2-2025 $493.372M $100.306M $31.31M 6.346% $1.18 $34.159M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $402.157M ▼ $1.767B ▼ $720.745M ▼ $1.046B ▲
Q1-2026 $480.178M ▲ $1.799B ▼ $778.704M ▼ $1.02B ▲
Q4-2025 $389.375M ▲ $1.885B ▲ $907.182M ▲ $977.623M ▲
Q3-2025 $253.074M ▲ $1.766B ▲ $803.436M ▲ $962.34M ▲
Q2-2025 $187.528M $1.7B $753.057M $946.997M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $34.855M ▲ $-34.775M ▲ $-989K ▼ $-41.523M ▼ $-78.021M ▼ $-35.769M ▲
Q1-2026 $27.128M ▲ $-98.967M ▼ $155.857M ▲ $31.924M ▲ $90.803M ▼ $-99.802M ▼
Q4-2025 $25.196M ▲ $160.947M ▲ $-1.553M ▼ $-24.15M ▼ $136.301M ▲ $159.089M ▲
Q3-2025 $24.133M ▼ $65.699M ▲ $432K ▲ $845K ▲ $65.546M ▲ $64.212M ▲
Q2-2025 $31.31M $-21.628M $-125.84M $-15.883M $-162.381M $-22.919M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Product
Product
 $400.00M ▲$1.27Bn ▲$520.00M ▼$490.00M ▼
Service
Service
 $110.00M ▲$290.00M ▲$120.00M ▼$120.00M ▲

Five-Year Company Overview

Income Statement

Income Statement ePlus shows a long stretch of consistent profitability with healthy margins for a services‑led tech business. Revenue has grown nicely over several years but looks more or less flat recently, with a slight pullback after a strong run. Despite that softer top-line trend, gross profit and operating profit have held up well, suggesting good pricing discipline and cost control. Earnings per share climbed strongly over the longer period and are now drifting slightly lower from a high base rather than collapsing, which points more to normalization than structural weakness. Overall, this looks like a mature, profitable model experiencing slower growth but still converting revenue into solid earnings.

Balance Sheet

Balance Sheet The balance sheet looks conservative and steadily stronger over time. Total assets and shareholders’ equity have both grown meaningfully, indicating the company is building financial strength rather than stretching itself. Debt levels are modest and have actually edged down relative to the size of the business, which reduces financial risk. Cash has increased significantly in the most recent years, giving ePlus more flexibility to invest, acquire, or weather downturns. In simple terms, the company appears well-capitalized, with low leverage and a growing cushion of resources.

Cash Flow

Cash Flow Cash generation has improved noticeably in the most recent years after a choppy period. Operating cash flow swung from being pressured earlier in the period to being comfortably positive lately, and because the business doesn’t require heavy capital spending, most of that operating cash turns into free cash flow. This pattern suggests better working capital management and more disciplined operations. The flip side is that historical volatility in cash flows shows the business can be sensitive to timing of customer projects and payments, so investors should view the recent strength as encouraging but not necessarily perfectly stable year to year.

Competitive Edge

Competitive Edge ePlus occupies a strong niche as a high‑end IT solutions and services integrator rather than a pure software product company. Its competitive edge rests on three pillars: deep, long‑standing partnerships with major vendors like Cisco, Dell, Microsoft, and Juniper; a large, highly certified engineering team able to handle complex projects; and a full lifecycle offering from design and implementation through managed services and financing. This combination makes relationships sticky and raises switching costs for customers. The main strategic risk is reliance on partner ecosystems and overall IT spending cycles, but the breadth of services and certifications gives ePlus a durable position in its chosen markets.

Innovation and R&D

Innovation and R&D Innovation at ePlus is more about how it packages and delivers solutions than about owning blockbuster proprietary software. The company has been steadily layering AI and automation into its managed services, building specialized cloud adoption frameworks, and rolling out targeted industry solutions, such as AI bundles for healthcare. It also maintains some proprietary tools, like its e‑procurement platform, and has used acquisitions, such as Realwave, to deepen its analytics and AI capabilities. The AI Experience Center and secure generative AI accelerator offerings show a push to stay relevant in next‑generation workloads. The opportunity is to turn more of this know‑how into scalable, higher‑margin platforms; the risk is that, without stronger proprietary technology, differentiation continues to depend heavily on talent and vendor relationships.

Summary

Overall, ePlus looks like a financially solid, consistently profitable technology solutions provider with a service‑centric, integration‑focused model. The income statement shows steady profitability with recent revenue flattening rather than sharp decline. The balance sheet is robust, with growing equity, increasing cash, and low debt, giving the company resilience and strategic flexibility. Cash flows, while historically uneven, have strengthened lately and benefit from low capital intensity. Competitively, ePlus enjoys a meaningful moat built on vendor partnerships, engineering depth, and end‑to‑end services, and is leaning into AI, cloud, and security to stay aligned with key IT trends. Future performance will hinge on its ability to reignite growth, smooth out cash flow volatility, deepen its own proprietary platforms, and continue translating technical excellence into sticky, high‑value customer relationships.

NEWS

November 6, 2025 · 4:10 PM UTC

ePlus Reports Fiscal Year 2026 Second Quarter and First Half Financial Results

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October 30, 2025 · 4:30 PM UTC

ePlus Announces Second Quarter and Six Month Fiscal Year 2026 Earnings Release Date and Conference Call

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October 21, 2025 · 8:30 AM UTC

New ePlus AI Industry Pulse Poll Reveals Strategic Shift: AI Moves from Efficiency to Expansion

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September 30, 2025 · 8:30 AM UTC

ePlus Expands Managed Services and Enhanced Maintenance Support Portfolios for Juniper Networks

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September 10, 2025 · 8:30 AM UTC

ePlus Acquires Assets of Realwave, Inc.

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