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ePlus PLUS Gross Profit

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Segments

By segment

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Product Reporting Unit$108.75M+10.7%
Professional Services Reporting Unit$23.46M+8.4%
Managed Services Reporting Unit$14.83M+14.3%
All Other Segments$54K

Other financials

Income statement

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Revenue$581.6M+21.7%
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$2.36B+39.2%
Enterprise value$1.96B+20.5%
P/E17.8×+3.0×
P/S+0.2×

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 / equity-0.1×
Current ratio2.2×+0.5×

Where this comes from

Calculated from ePlus’s reported figures.

The source filing: ePlus’s 10-K, filed May 28, 2026.

Filed
May 28, 2026, 5:02 PM EDT
Fiscal year
FY2026
Accession
0001140361-26-023171
Line itemYear ended March 31, 2026Year ended March 31, 2025Year ended March 31, 2024
Product1,525,9601,229,4951,485,291
Services300,508258,553181,216
Total1,826,4681,488,0481,666,507
Gross profit616,081512,120511,742
Selling, general, and administrative423,393386,681355,556
Depreciation and amortization26,54325,75320,951
Interest and financing costs--1,429
Operating expenses449,936412,434377,936

ITEM 16.

FAQ

What is ePlus's gross profit?
ePlus (PLUS) reported gross profit of $147.09M in Q1 2026.
How has ePlus's gross profit changed year-over-year?
ePlus's gross profit increased by 10.7% year-over-year, from $132.87M to $147.09M.
What is the long-term trend for ePlus's gross profit?
Over 4 years (2022 to 2026), ePlus's gross profit has grown at a 7.5% compound annual growth rate (CAGR), from $460.98M to $616.08M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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