📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Peer Medians

About

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize IT environment and supply chain processes in the United States and internationally. The company operates through three segments: Product Services, Professional Services, and Managed Services segments. It sells third-party hardware, perpetual and subscription software, and maintenance; and software assurance and other third-party services as well as offers internet-based business-to-business supply chain management solutions for IT products. The company also offers professional services, such as staff augmentation, project management, cloud consulting, Al advisory, consulting, security and collaboration solution, warehouse, configuration, and logistic service, as well as in the spaces of digital signage, EV charging solution, loss prevention and security, store opening, remodel, and store closing; and managed services comprising enhanced maintenance support or ePlus Lifecycle-Services Support, service desk, storage-as-a-service, azure recover, cloud managed, and managed security service, as well as managed service for infrastructure and cloud. It serves telecommunications, media and entertainment, technology, state and local government, educational institutions, healthcare, and financial services. The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

See full financials →

📊 Quick Scorecard

Loading…

⭐ Superinvestors Holding PLUS

View All Superinvestors →

Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	6.3K	$474K	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Cautious ~ Volatile 4 quarters analysed

Q1 2026

Confident Specific

Management repeatedly used strong positive language such as 'strong start', 'double-digit increases', 'highest ever quarterly results', 'solid quarter', 'transformational advancement', and provided specific percentages (e.g., security up 24.4%, services up 49%, product sales up 13.9%). No hedging or defensive language was detected.

Q2 2026

Confident Specific

Management repeatedly used superlatives like 'significant milestone', 'record', 'broad-based demand', and quantified organic growth (90% of growth organic) and operating leverage (adjusted EBITDA grew more than twice as fast as net sales). The tone was assured and data-backed, with no hedging or softening language.

Q3 2026

Confident Specific

Management used definitive language such as 'momentum we are seeing across the business continues to affirm our strategy,' cited specific growth rates (net sales +24.6%, adjusted EBITDA +97%), and raised full-year guidance with precise percentages (net sales 20%-22%, adjusted EBITDA 41%-43%). They also proactively addressed a near-term risk (memory shortage) and provided detail on segment performance.

Q4 2026 latest

Cautious

management celebrated record gross billings and double-digit EPS growth but guided FY2027 to mid-single-digit growth, citing memory chip shortages and geopolitical risks as reasons for conservatism.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is somewhat tempered after this call. While FY2026 results were exceptional with 22% revenue growth and 50% adjusted EBITDA growth, the FY2027 guidance of mid-single-digit growth signals a deceleration. Management attributes this to external headwinds like memory chip shortages and geopolitical issues, which are outside their control. Positively, the company has a healthy balance sheet, record backlog, and strong AI demand. The divestiture of financing simplifies the story. Next quarter, watch for progress on AI deals, services margin trends, and whether the cash conversion cycle normalizes. The thesis remains intact for long-term technology solution providers, but near-term growth expectations have moderated.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Cautious ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED ePlus posts record $3.8B gross billings, EPS up 64% in FY2026

Revenue & Profitability

Q4 consolidated net sales rose 20.6% to $576.2 million, with product revenue up 25% to $466.2 million and services revenue up 4.9% to $110 million. Operating income grew 64.7% to $30.9 million, and net earnings from continuing operations were $20.5 million ($0.78 diluted EPS) versus $13.5 million ($0.51) a year ago. Full-year net sales increased 22.1% to $2.4 billion, net earnings from continuing operations rose 62.4% to $124.1 million ($4.71 diluted EPS), and adjusted EBITDA grew 49.5% to $204.8 million.

Outlook

Management sees continued strong demand driven by digital transformation and AI adoption, though it remains mindful of the worldwide memory chip shortage and geopolitical uncertainties. For fiscal year 2027, the company expects net sales, gross profit, and adjusted EBITDA to grow in the mid-single-digit range, reflecting a tough year-over-year compare and conservative assumptions around lead times and macro conditions.

Growth Drivers

AI is the biggest driver of technology investment, leading to infrastructure modernization and increased demand across data center, cloud, networking, and security. Security gross billings grew 23.1% to $842 million (22% of total gross billings). Managed services full-year revenue rose 11%, supported by multiyear wins in storage and backup, while professional services (including the Bailiwick acquisition) grew 19% for the year.

Balance Sheet & CapEx

Not specifically discussed in the call. Management noted a healthy balance sheet with $410.8 million in cash to support organic investments and strategic M&A, as well as returning capital via dividends and share repurchases.

Margins

Consolidated gross margin for Q4 was 24.6%, down from 26.5% a year ago, due to lower product margins (22.2% vs. 24.7%) from a higher proportion of large enterprise sales at competitive rates. Professional services gross margin improved to 38.3% (from 35.9%), and managed services margin rose to 30.5% (from 29.1%). Operating expenses grew only 2.4% year-over-year, highlighting strong operating leverage with headcount flat.

Key Risks

Management flagged the worldwide memory chip shortage and geopolitical issues as potential headwinds. In Q&A, it also cited a tough year-over-year compare and lead-time uncertainties for open orders. Additionally, there were project timing delays with retail customers in the fourth quarter.

Generated by AI · Q4 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

🔍

🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q1 2027 Q1 2027 2026-08-04

Solid Q1 results with 1% net sales growth and strong managed services performance, despite tough comps. Bookings and open orders surged, driven by robust AI and security demand. Cash position strengthened, supporting ongoing investments and shareholder returns.

Q4 2026 Q4 2026 2026-05-28

Delivered record fiscal 2026 results with double-digit growth in revenue, operating metrics, and gross billings, driven by strong demand in AI, cloud, and security. Guidance for fiscal 2027 is conservative due to memory chip shortages and geopolitical risks.

Q3 2026 Q3 2026 2026-02-04

Q3 and year-to-date results showed robust double-digit growth in sales, earnings, and margins, driven by strong demand in AI, cloud, networking, and security. Full-year guidance was raised, though management remains cautious about memory chip shortages impacting future deployments.

Q2 2026 Q2 2026 2025-11-06

Record quarterly gross billings surpassed $1 billion, with net sales up 23.4% and adjusted EBITDA up 61.6% year-over-year. Security, networking, and cloud segments drove growth, and guidance for fiscal 2026 was raised to mid-teens for net sales and gross profit.

Q1 2026 Q1 2026 2025-08-07

Double-digit growth in net sales, gross profit, and adjusted EBITDA was achieved, driven by strong demand in AI, security, and cloud. The sale of the financing business and new capital return initiatives position the company for long-term growth and flexibility.

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯

Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.

📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.