EPLUS INC (PLUS) FY2025 10-K Annual Report
Filed: May 22, 2025
Consumer Discretionary
Wholesale-Computers & Peripheral Equipment & SoftwareSEC EDGAR EPLUS INC (PLUS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on May 22, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
EPLUS INC FY2025 10-K Analysis
Business Overview
- • Core business model: IT solutions provider specializing in third-party software sales and related services with revenue recognition at point of software delivery
- • New acquisition of Bailiwick Services, LLC in August 2024 adding approx. 8% of total assets and 4% of revenues to consolidated figures
Management Discussion & Analysis
- • Revenue $2.07B, down 7.0% YoY ($156.5M decrease), driven by product segment decline offset by professional and managed services growth and financing segment revenue increase
- • Gross margin 27.5% vs 24.8% YoY (+270 bps); operating margin 6.8% vs 7.1% YoY (-30 bps); operating income down $16.8M; net earnings $108.0M vs $115.8M
Risk Factors
- • Accounts receivable concentration risk: 17% of trade invoices due from Verizon Communications as of March 31, 2025
- • Supply chain dependence on Cisco Systems: 32% of technology segment net sales from Cisco products in fiscal 2025
EPLUS INC FY2025 Key Financial MetricsXBRL
Revenue
$2.1B
▼ -7.0% YoY
Net Income
$108M
▼ -6.7% YoY
Gross Margin
27.5%
▲ +276bp YoY
Operating Margin
6.8%
▼ -28bp YoY
Net Margin
5.2%
▲ +2bp YoY
ROE
11.0%
▼ -179bp YoY
Total Assets
$1.9B
▲ +14.0% YoY
EPS (Diluted)
$4.05
▼ -6.5% YoY
Operating Cash Flow
$302M
▲ +21.6% YoY
Source: XBRL data from EPLUS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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