PLUSNasdaqWholesale-Computers & Peripheral Equipment & SoftwareUS GAAP · USD

ePlus inc

ePlus Inc. is a U.S.-based IT solutions reseller and services company that combines third-party hardware and software with consulting, professional services, managed services, and lifecycle support. It helps enterprise and public-sector customers design, deploy, secure, and operate technology environments across cloud, networking, security, collaboration, and emerging technologies. The company also historically offered financing, though that business was sold in 2025, leaving ePlus more concentrated in technology solutions.

Kysy yhtiöstä
Liikevaihto2 443milj. USD
+18,1 %v/v
Liikevoitto (EBIT)166milj. USD
+17,5 %v/v
EBIT-marginaali6,8%
−0,0 %-yks.v/v
Nettotulos133milj. USD
+22,8 %v/v
Vapaa kassavirta−121milj. USD
−140,6 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

05001 0001 5002 0002 500milj. USD2021: 1 568 milj. USD2021: EBIT 106 milj. USD20212022: 1 821 milj. USD2022: EBIT 147 milj. USD20222023: 2 068 milj. USD2023: EBIT 166 milj. USD20232024: 2 225 milj. USD2024: EBIT 158 milj. USD20242025: 2 069 milj. USD2025: EBIT 141 milj. USD20252026: 2 443 milj. USD2026: EBIT 166 milj. USD20262 443166
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: ePlus inc

Liiketoiminta

Osuus liikevaihdosta
IT Products Resale78 %

Resale of third-party hardware, software, maintenance, and software assurance.

Professional Services11 %

Advisory, design, implementation, and staff augmentation services for IT projects.

Managed Services8 %

Subscription-based monitoring and management of cloud, security, and collaboration environments.

Financing Business3 %

Legacy financing, leasing, and asset management activities that were sold in 2025.

Tuotteet

Raportoitu · osuus liikevaihdosta
81,0%19,0%FY2026100 %
  • Products81,0 %
  • Services19,0 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

ePlus sells primarily to middle-market and large enterprises, plus state and local government and education customers. Its end markets are concentrated in telecom, media and entertainment, technology, healthcare, financial services, and SLED, with Verizon representing a major customer concentration. Customers buy ePlus because it can bundle products, engineering, and managed services into integrated solutions rather than standalone transactions.

Large enterprise customers

Buy data center, cloud, security, networking, and collaboration solutions, often with managed services attached.

State and local government and education (SLED)

Buy IT products and services for public-sector modernization, deployment, and lifecycle support.

Telecommunications, media and entertainment

Buy infrastructure, collaboration, and managed services for large-scale network and workplace environments.

Healthcare

Buy secure, reliable IT infrastructure and managed services to support clinical and operational systems.

Financial services

Buy security, cloud, and networking solutions with strong compliance and uptime requirements.

Strategia

ePlus is shifting further toward higher-value technology solutions by combining product resale with consulting, managed services, and lifecycle management. The sale of the financing business reduces diversification but should sharpen focus on core IT solutions and improve strategic clarity. Management is also emphasizing acquisitions, new facilities, and expanded capabilities in AI, cloud, security, and emerging technologies.

Grow recurring managed servicesLyhyt aikaväli

Recurring services improve revenue visibility and deepen customer relationships beyond product resale.

Broaden integrated solution mixKeskipitkä aikaväli

Bundling products, services, and lifecycle support increases wallet share and differentiates ePlus from pure resellers.

Pursue selective acquisitionsKeskipitkä aikaväli

Acquisitions can add customer relationships, engineering talent, and geographic footprint.

Build AI and emerging technology capabilitiesKeskipitkä aikaväli

AI and automation are becoming part of enterprise infrastructure buying decisions and can expand solution relevance.

Maantiede

2026

The company generates most of its revenue in the United States, which is also where its configuration centers and warehouse/logistics footprint are concentrated. It also serves select international markets including the United Kingdom, the European Union, India, and Singapore, but these are smaller than the U.S. base. Geography matters because ePlus depends on domestic execution for the bulk of sales while still facing some cross-border sourcing and customer exposure.

USA96 %
Other countries (US filing)3,8 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

ePlus faces customer concentration risk, especially from large accounts such as Verizon, and its contracts are generally non-exclusive and terminable on short notice. The business is also exposed to vendor supply-chain disruptions, pricing pressure, and competition from larger IT resellers and integrators. After the financing business sale, the company is more concentrated in technology solutions, which can increase volatility if product demand weakens or project timing shifts.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Supply-chain disruption1Customer concentration2Competitive pressure3Post-divestiture concentration4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Supply-chain disruptionVaikutus: KorkeaTodennäköisyys: Korkea

    The company depends on third-party vendors for hardware and software availability.

    KohdistuuDelaysTariffsBankruptciesOr logistics issues can disrupt customer installations
  2. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A few large customers can materially affect revenue and receivables if purchasing changes.

    Kohdistuu: Verizon represented 16% of net sales in fiscal 2025 and ~17% of A/R invoices due

  3. Competitive pressureVaikutus: KeskitasoTodennäköisyys: Korkea

    Large IT resellers and direct OEM channels can compress pricing and win rates.

    Kohdistuu: Especially relevant in product resale and enterprise solution bids

  4. Post-divestiture concentrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Selling the financing business reduces diversification and increases reliance on core tech segments.

    KohdistuuHigher volatility in revenueCash flowWorking capital
Kysy Clarifolta: ePlus inc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for bundled IT solutions

Contracts often include products, software, maintenance, and services that must be separated and allocated.

Vaikutus: Affects timing of revenue and gross margin by period

Residual asset valuation

Lease residual values depend on equipment type, market conditions, and vendor pricing.

Vaikutus: Can create impairment charges or change lease economics

Goodwill and intangible impairment

Acquisitions created goodwill and intangibles that must be tested for impairment.

Vaikutus: Could materially reduce earnings if business conditions weaken

Quarterly seasonality and project timing

Customer installation schedules and large orders can shift revenue between quarters.

Vaikutus: Makes quarterly comparisons less linear and more volatile

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Momentus Inc.

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Ericsson

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EPAM Systems, Inc.

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Päivitetty: 24.9.2026

ePlus inc (PLUS) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo