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ePlus PLUS Service — Cost of Goods Sold

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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

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Return on equity13%+1.8pp
Debt / equity-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:CostOfGoodsAndServicesSold.

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 service — cost of goods sold?
ePlus (PLUS) reported service — cost of goods sold of $71.68M in Q1 2026.
How has ePlus's service — cost of goods sold changed year-over-year?
ePlus's service — cost of goods sold increased by 2.0% year-over-year, from $70.26M to $71.68M.
What is the long-term trend for ePlus's service — cost of goods sold?
Over 4 years (2022 to 2026), ePlus's service — cost of goods sold has grown at a 19.2% compound annual growth rate (CAGR), from $149.09M to $300.51M.
What does service — cost of goods sold mean?
This metric captures the direct costs associated with delivering professional and managed IT services, including personnel expenses, third-party contractor fees, and direct service-related overhead. Monitoring these costs is essential for evaluating the scalability and operational efficiency of the service delivery model. A stable or declining ratio of these costs relative to service revenue suggests improved labor utilization and service delivery optimization.