What is ePlus's net debt?

ePlus (PLUS) reported net debt of -$394.48M in Q1 2026.

How has ePlus's net debt changed year-over-year?

ePlus's net debt decreased by 29.8% year-over-year, from -$303.95M to -$394.48M.

What is the long-term trend for ePlus's net debt?

Over 5 years (2021 to 2026), ePlus's net debt has grown at a 29.6% compound annual growth rate (CAGR), from -$107.93M to -$394.48M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

ePlus PLUS Net debt

Discontinued — last reported Q4 '26

Net debt at other companies

Sonos, Inc.SONO

-0.4×—

ANI PharmaceuticalsANIP

-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

Healthcare Services GroupHCSG

-1.3×-22.6×

Global PartnersGLP

1.7×+0.2×

Ivanhoe ElectricIE

-19.6×—

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$2.07B+22.3%

Enterprise value$1.68B+20.5%

P/E15.6×-0.6×

P/S0.9×0.0×

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

See full

Return on equity13%+1.8pp

Debt / equity0×-0.1×

Current ratio2.2×+0.5×

Where this comes from

Calculated from ePlus’s reported figures.

$16.3Mtotal debt−$410.8Mcash and equivalents=-$394.48M

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 net debt?: ePlus (PLUS) reported net debt of -$394.48M in Q1 2026.
How has ePlus's net debt changed year-over-year?: ePlus's net debt decreased by 29.8% year-over-year, from -$303.95M to -$394.48M.
What is the long-term trend for ePlus's net debt?: Over 5 years (2021 to 2026), ePlus's net debt has grown at a 29.6% compound annual growth rate (CAGR), from -$107.93M to -$394.48M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.