What is ePlus's contract assets?

ePlus (PLUS) reported contract assets of $6.3M in Q1 2026.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

ePlus PLUS Contract Assets

Contract Assets at other companies

Insight EnterprisesNSIT

$59.56M-7.6%

GenpactG

$42.48M—

AgilysysAGYS

$4.44M-1.9%

NOVA, Inc.NOV

$634M-6.8%

SS&C TechnologiesSSNC

$50.3M-14.5%

ServiceTitan, Inc.TTAN

$64.55M+36.6%

Other financials

Income statement

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Revenue$581.6M+21.7%

Gross profit$147.1M+10.7%

Operating income$37.6M+52.0%

Net income$25.0M+14.9%

EPS (diluted)$0.95+14.5%

Balance sheet

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Cash & equivalents$410.8M+5.5%

Total debt$16.3M-80.9%

Total equity$1.1B+10.1%

Total assets$1.8B-4.2%

Cash flow

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Operating cash flow-$87.4M-233%

CapEx$1.2M-36.5%

Free cash flow-$30.2M-119%

Valuation

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Market cap$2.11B+22.3%

Profitability

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Gross margin25.2%-0.4pp

Operating margin6.8%+1.8pp

Net margin5.4%+0.2pp

FCF margin-10.4%-26.4pp

Returns & leverage

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Return on equity13%+1.8pp

Debt / equity0×-0.1×

Current ratio2.2×+0.5×

Where this comes from

Reported directly by ePlus in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: ePlus’s 10-K, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ePlus's contract assets?: ePlus (PLUS) reported contract assets of $6.3M in Q1 2026.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.