PLUS EPLUS INC
FY2025 10-K
Filed: May 22, 2025
Consumer Discretionary
Wholesale-Computers & Peripheral Equipment & SoftwareSEC EDGAR EPLUS INC (PLUS) filed its fiscal year 2025 10-K annual report with the SEC on May 22, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
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
Financial SummaryXBRL
Revenue
$2.1B
Net Income
$108M
Gross Margin
27.5%
Operating Margin
6.8%
Net Margin
5.2%
ROE
11.0%
Total Assets
$1.9B
EPS (Diluted)
$4.05
Operating Cash Flow
$302M
Source: XBRL data from EPLUS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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