$PLUS

EPLUS INC

CIK:0001022408|SEC Filings

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Net sales
Total	$ 649,113	$ 642,775
Cost of sales
Total	497,784	489,099
Gross profit	151,329	153,676
Selling, general, and administrative	106,621	103,667
Depreciation and amortization	5,876	7,069
Operating expenses	112,497	110,736
Operating income	38,832	42,940
Other income, net	3,130	612
Earnings from continuing operations before tax	41,962	43,552
Provision for income taxes	11,683	11,538
Net earnings from continuing operations	30,279	32,014
Earnings from discontinued operations, net of tax (Note 13)	0	10,569
Net earnings (in Dollars)	$ 30,279	$ 42,583
Earnings per common share—basic
Continuing operations—basic (in Dollars per share)	$ 1.17	$ 1.22
Discontinued operations—basic (in Dollars per share)	0	0.4
Earnings per common share—basic (in Dollars per share)	1.17	1.62
Earnings per common share—diluted
Continuing operations—diluted (in Dollars per share)	1.16	1.21
Discontinued operations—diluted (in Dollars per share)	0	0.4
Earnings per common share—diluted (in Dollars per share)	$ 1.16	$ 1.61
Weighted average common shares outstanding—basic (in Shares)	25,938	26,270
Weighted average common shares outstanding—diluted (in Shares)	26,062	26,381
Product [Member]
Net sales
Total	$ 529,730	$ 526,466
Cost of sales
Total	418,610	414,477
Services [Member]
Net sales
Total	119,383	116,309
Cost of sales
Total	$ 79,174	$ 74,622

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net earnings	$ 30,279	$ 42,583
Less: Earnings from discontinued operations, net of tax	0	10,569
Net earnings from continuing operations	30,279	32,014
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	6,160	7,411
Provision for credit losses	326	596
Share-based compensation expense	3,121	2,663
Net loss on disposal of property and equipment	15	45
Changes in:
Accounts receivable	(94,855)	(186,096)
Inventories	54,856	19,803
Other assets	6,392	10,812
Accounts payable	52,227	(4,154)
Other liabilities	17,956	10,903
Net cash provided by (used in) operating activities of continuing operations	76,477	(106,003)
Net cash provided by operating activities of discontinued operations	0	7,036
Net cash provided by (used in) operating activities	76,477	(98,967)
Cash flows from investing activities:
Proceeds from sale of property and equipment	0	11
Purchases of property and equipment	(853)	(835)
Net cash used in investing activities of continuing operations	(853)	(824)
Net cash provided by investing activities of discontinued operations	0	156,681
Net cash provided by (used in) investing activities	(853)	155,857
Cash flows from financing activities:
Proceeds from issuance of common stock	1,834	1,757
Repurchase of common stock	(25,462)	(3,304)
Dividend payments	(7,072)	0
Net borrowings (repayments) on floor plan facility	(7,144)	39,888
Net cash provided by (used in) financing activities of continuing operations	(37,844)	38,341
Net cash used in financing activities of discontinued operations	0	(6,417)
Net cash provided by (used in) financing activities	(37,844)	31,924
Effect of exchange rate changes on cash	305	1,989
Net increase in cash and cash equivalents	38,085	90,803
Cash and cash equivalents, beginning of period	410,769	389,375
Cash and cash equivalents, end of period	448,854	480,178
Supplemental disclosures of cash flow information:
Cash paid for interest	0	68
Cash paid for income taxes	4,217	3,128
Cash paid for amounts included in the measurement of lease liabilities	1,655	1,550
Schedule of non-cash investing and financing activities:
Purchases of property and equipment	(273)	(344)
Vesting of share-based compensation	11,825	9,369
Repurchase of common stock	$ (287)	$ 0

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
Current assets:
Cash and cash equivalents	$ 448,854	$ 410,769
Accounts receivable—trade, net	745,983	650,021
Accounts receivable—other, net	37,339	38,896
Inventories	145,958	200,888
Deferred costs	77,425	77,748
Other current assets	45,277	49,412
Total current assets	1,500,836	1,427,734
Deferred tax asset	8,952	8,955
Property, equipment, and other assets—net	97,605	100,039
Goodwill	202,885	202,880
Other intangible assets—net	56,779	61,344
TOTAL ASSETS	1,867,057	1,800,952
Current liabilities:
Accounts payable	317,076	264,605
Accounts payable—floor plan	112,549	119,693
Salaries and commissions payable	53,961	48,590
Contract liabilities	161,041	157,074
Other current liabilities	59,664	48,181
Total current liabilities	704,291	638,143
Contract liabilities—long-term	80,751	83,010
Other liabilities	9,980	10,829
TOTAL LIABILITIES	795,022	731,982
COMMITMENTS AND CONTINGENCIES (Note 8)
Preferred stock, $0.01 per share par value; 2,000 shares authorized; none outstanding	0	0
Common stock, $0.01 per share par value; 50,000 shares authorized; 27,920 shares issued and 26,149 outstanding at June 30, 2026, and 27,765 shares issued and 26,299 outstanding at March 31, 2026	279	278
Additional paid-in capital	215,228	210,274
Treasury stock, at cost, 1,771 shares at June 30, 2026, and 1,466 shares at March 31, 2026	(127,126)	(101,944)
Retained earnings	979,212	956,000
Accumulated other comprehensive income—foreign currency translation adjustment	4,442	4,362
Total Stockholders’ Equity	1,072,035	1,068,970
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,867,057	$ 1,800,952