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EPLUS INC

EDGAR
PLUS Quarterly report (10-Q) · filed 2026-08-04

Annual consolidated revenue for 2026: about USD 2.443B, using the latest reported figures. The previous period, 2025, was about USD 2B.

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Latest quarter

Revenue

649 million USD

2027 Q1 · USD

Exact inputs and evidence

Operating margin

5.98%

2027 Q1 · %

Exact inputs and evidence
  • Operating Income: 38832000 USD Source
  • Revenue: 649113000 USD Source

Operating cash flow

76.5 million USD

2027 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: 76477000 USD Source

Free cash flow

75.6 million USD

2027 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: 76477000 USD Source
  • Capital Expenditure: 853000 USD Source
Cash and cash equivalents
449 million USD Source
Exact value

448854000 USD

Long-term debt including current maturities
38.8 million USD Source
Exact value

38773000 USD

Shares outstanding
26.1 million shares Source
Exact value

26149000 shares

Reported share-count change

-1.80% · -478 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 26627000 shares · 2025-06-30· Source
  • 26149000 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-04.

Financial data available through: 2026-03-31.

Coverage by financial measure
  • Revenue: 4 of 11 periods available· newest 2026-03-31
  • Operating income: 4 of 11 periods available· newest 2026-03-31
  • Net income: 4 of 11 periods available· newest 2026-03-31
  • Operating cash flow: 4 of 11 periods available· newest 2026-03-31
  • Capital expenditure: 4 of 11 periods available· newest 2026-03-31
  • Total assets: 3 of 11 periods available· newest 2026-03-31
  • Total liabilities: 3 of 11 periods available· newest 2026-03-31
  • Current assets: 3 of 11 periods available· newest 2026-03-31
  • Current liabilities: 3 of 11 periods available· newest 2026-03-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2026-03-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2025-03-31
  • Shares outstanding: 3 of 11 periods available· newest 2026-03-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +22.1%

    Prior period

    USD 2 billion

    –

    Current period

    USD 2.44 billion

    –

    Exact inputs and evidence

    2442549000 − 2000168000 = 442381000 USD

    2000168000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    2442549000 USD · 2025-04-01 – 2026-03-31

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  • Net income

    +26.8%

    Prior period

    USD 104.58 million

    –

    Current period

    USD 132.64 million

    –

    Exact inputs and evidence

    132636000 − 104576000 = 28060000 USD

    104576000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    132636000 USD · 2025-04-01 – 2026-03-31

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  • Operating cash flow

    -138.5%

    Prior period

    USD 302.15 million

    –

    Current period

    −USD 116.23 million

    –

    Exact inputs and evidence

    -116231000 − 302145000 = -418376000 USD

    302145000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    -116231000 USD · 2025-04-01 – 2026-03-31

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  • Capital expenditure

    -16%

    Prior period

    USD 5.27 million

    –

    Current period

    USD 4.43 million

    –

    Exact inputs and evidence

    4429000 − 5271000 = -842000 USD

    5271000 USD · 2024-04-01 – 2025-03-31

    Inspect prior input Prior source

    4429000 USD · 2025-04-01 – 2026-03-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-04-01 – 2026-03-31

  • Revenue USD 2.44 billion 100% of revenue
  • Cost of revenue USD 1.83 billion 75% of revenue
  • Operating expenses USD 449.94 million 18% of revenue
  • Operating income USD 166.15 million 6.8% of revenue
  • Tax, interest and other Derived USD 33.51 million 1.4% of revenue
  • Net income USD 132.64 million 5.4% of revenue

Cash

  • Operating cash flow −USD 116.23 million −4.8% of revenue
  • Capital expenditure USD 4.43 million 0.2% of revenue
  • Free cash flow Derived −USD 120.66 million −4.9% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 92%
  • 2024 94%
  • 2025 Net income was higher than operating income, so the split is not drawn.
  • 2026 93%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2022-04-01 – 2023-03-312067718000 1901556000 Derived 166162000 46806000 Derived 119356000 -23511000 Derived
Source
2024 2023-04-01 – 2024-03-312178249000 2044443000 Derived 133806000 15824000 Derived 117982000 240785000 Derived
Source
2025 2024-04-01 – 2025-03-312000168000 1900482000 Derived 99686000 -4890000 Derived 104576000 296874000 Derived
Source
2026 2025-04-01 – 2026-03-312442549000 2276404000 Derived 166145000 33509000 Derived 132636000 -120660000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.4B 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.6B2.0B1.3B659.5M0.02023202420252026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Revenue2067718000
2024Revenue2178249000
2025Revenue2000168000
2026Revenue2442549000

Revenue growth

Change in revenue from the same financial period one year earlier.

22.1% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.24.5%15.8%7.0%-1.8%-10.6%2023202420252026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year5.3%
2025Year over year-8.2%
2026Year over year22.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 6.8% 2026
Net margin 5.4% 2026
Free cash flow margin -4.9% 2026
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16.4%10.7%5.0%-0.8%-6.5%2023202420252026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin8%
2024Operating margin6.1%
2025Operating margin5%
2026Operating margin6.8%
2023Net margin5.8%
2024Net margin5.4%
2025Net margin5.2%
2026Net margin5.4%
2023Free cash flow margin-1.1%
2024Free cash flow margin11.1%
2025Free cash flow margin14.8%
2026Free cash flow margin-4.9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -116.2M 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.335.6M214.3M93.0M-28.4M-149.7M2023202420252026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Operating cash flow-15425000
2024Operating cash flow248449000
2025Operating cash flow302145000
2026Operating cash flow-116231000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -120.7M 2026
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.330.3M209.2M88.1M-33.0M-154.1M2023202420252026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Free cash flow-23511000
2024Free cash flow240785000
2025Free cash flow296874000
2026Free cash flow-120660000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

40.6% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.52%39%26%13%0%2023-03-31202420252026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-03-31Liabilities / assetsNot reportedNo source recorded
2024Liabilities / assets45.5%
2025Liabilities / assets48.3%
2026Liabilities / assets40.6%

Current assets to current liabilities

Current assets divided by current liabilities.

2.24× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.42×1.81×1.21×0.60×0.00×2023-03-31202420252026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-03-31Current assets / current liabilitiesNot reportedNo source recorded
2024Current assets / current liabilities1.94×
2025Current assets / current liabilities1.7×
2026Current assets / current liabilities2.24×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2022-04-01 – 2023-03-31
USD 119.36 million
Exact value

Exact value: 119356000 USD

2022-04-01 – 2023-03-31: 119356000 USD Inspect Net Income Open source
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−USD 15.43 million
Exact value

Exact value: -15425000 USD

2022-04-01 – 2023-03-31: -15425000 USD Inspect Operating Cash Flow Open source
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USD 8.09 million
Exact value

Exact value: 8086000 USD

2022-04-01 – 2023-03-31: 8086000 USD Inspect Capital Expenditure Open source
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−USD 23.51 million
Calculation and evidence

-15425000 − 8086000 USD

Exact free cash flow: -23511000 USD

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2024 2023-04-01 – 2024-03-31
USD 117.98 million
Exact value

Exact value: 117982000 USD

2023-04-01 – 2024-03-31: 117982000 USD Inspect Net Income Open source
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USD 248.45 million
Exact value

Exact value: 248449000 USD

2023-04-01 – 2024-03-31: 248449000 USD Inspect Operating Cash Flow Open source
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USD 7.66 million
Exact value

Exact value: 7664000 USD

2023-04-01 – 2024-03-31: 7664000 USD Inspect Capital Expenditure Open source
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USD 240.79 million
Calculation and evidence

248449000 − 7664000 USD

Exact free cash flow: 240785000 USD

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2025 2024-04-01 – 2025-03-31
USD 104.58 million
Exact value

Exact value: 104576000 USD

2024-04-01 – 2025-03-31: 104576000 USD Inspect Net Income Open source
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USD 302.15 million
Exact value

Exact value: 302145000 USD

2024-04-01 – 2025-03-31: 302145000 USD Inspect Operating Cash Flow Open source
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USD 5.27 million
Exact value

Exact value: 5271000 USD

2024-04-01 – 2025-03-31: 5271000 USD Inspect Capital Expenditure Open source
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USD 296.87 million
Calculation and evidence

302145000 − 5271000 USD

Exact free cash flow: 296874000 USD

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2026 2025-04-01 – 2026-03-31
USD 132.64 million
Exact value

Exact value: 132636000 USD

2025-04-01 – 2026-03-31: 132636000 USD Inspect Net Income Open source
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−USD 116.23 million
Exact value

Exact value: -116231000 USD

2025-04-01 – 2026-03-31: -116231000 USD Inspect Operating Cash Flow Open source
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USD 4.43 million
Exact value

Exact value: 4429000 USD

2025-04-01 – 2026-03-31: 4429000 USD Inspect Capital Expenditure Open source
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−USD 120.66 million
Calculation and evidence

-116231000 − 4429000 USD

Exact free cash flow: -120660000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

300 filings · 13,953 latest values · 13,953 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001022408, 1022408, PLUS, edgar:1022408

Also known as EPLUS INC, MLC HOLDINGS INC, ePlus inc, ePlus inc.