Eplus Inc. Files Q4 2024 10-Q Report

TL;DR

**EPLUS files 10-Q for Q4 2024. Check financials.**

AI Summary

Eplus Inc. filed its 10-Q report for the quarterly period ended December 31, 2024. The company, incorporated in Delaware with its principal executive offices in Herndon, VA, operates in the wholesale of computer equipment and software. The filing covers the period ending December 31, 2024, and was submitted on February 6, 2025.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at Eplus Inc.'s financial performance and operational status for the quarter ending December 31, 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently contain new high-risk information.

Key Numbers

• 001-34167 — SEC File Number (Identifies the company's filings with the SEC.)
• 54-1817218 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Eplus Inc. (company) — Registrant
• December 31, 2024 (date) — Quarterly period end date
• February 6, 2025 (date) — Filing date
• Herndon, VA (location) — Principal executive offices location
• Delaware (location) — State of incorporation

FAQ

Filing Documents

• ef20038996_10q.htm (10-Q) — 2487KB
• ef20038996_ex31-1.htm (EX-31.1) — 12KB
• ef20038996_ex31-2.htm (EX-31.2) — 12KB
• ef20038996_ex32.htm (EX-32) — 9KB
• image1-1.gif (GRAPHIC) — 2KB
• 0001140361-25-003227.txt ( ) — 10657KB
• plus-20241231.xsd (EX-101.SCH) — 59KB
• plus-20241231_def.xml (EX-101.DEF) — 320KB
• plus-20241231_lab.xml (EX-101.LAB) — 520KB
• plus-20241231_pre.xml (EX-101.PRE) — 339KB
• plus-20241231_cal.xml (EX-101.CAL) — 58KB
• ef20038996_10q_htm.xml (XML) — 2227KB

Financial Information

Part I. Financial Information: Item 1.

Financial Statements

Financial Statements Unaudited Consolidated Balance Sheets as of December 31, 2024, and March 31, 2024 5 Unaudited Consolidated Statements of Operations for the Three and Nine Months Ended December 31, 2024, and 2023 6 Unaudited Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended December 31, 2024, and 2023 7 Unaudited Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2024, and 2023 8 Unaudited Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended December 31, 2024, and 2023 10 Notes to Unaudited Consolidated Financial Statements 11 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 47 Item 4.

Controls and Procedures

Controls and Procedures 48

Other Information

Part II. Other Information: Item 1.

Legal Proceedings

Legal Proceedings 48 Item 1A.

Risk Factors

Risk Factors 48 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 49 Item 3. Defaults Upon Senior Securities 49 Item 4. Mine Safety Disclosures 49 Item 5. Other Information 49 Item 6. Exhibits 50

Signatures

Signatures 51 2 Table of Contents CAUTIONARY LANGUAGE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains certain statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or "Exchange Act," and are made in reliance upon the protections provided by such acts for forward-looking statements. Such statements are not based on historical fact but are based upon numerous assumptions about future conditions that may not occur. Forward-looking statements are generally identifiable by use of forward-looking words such as "may," "should," "would," "intend," "estimate," "will," "potential," "possible," "could," "believe," "expect," "intend," "plan," "anticipate," "project," and similar expressions. Readers are cautioned not to place undue reliance on any forward-looking statements made by us or on our behalf. Forward-looking statements are made based upon information that is currently available or management's current expectations and beliefs concerning future developments and their potential effects upon us, speak only as of the date hereof, and are subject to certain risks and uncertainties. We do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur, or of which we later become aware. Actual events, transactions and results may materially differ from the anticipated events, transactions, or results described in such statements. Our ability to consummate such transactions and achieve such events or results is subject to certain risks and uncertainties. Such risks and uncertainties include, but are not limited to, the matters set forth below: exposure to fluctuation in foreign currency rates, interest rates, and inflation, including as a result of national and international political instab

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements e Plus inc. AND SUBSIDIARIES UNAUDITED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) December 31, 2024 March 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 253,074 $ 253,021 Accounts receivable—trade, net 594,175 644,616 Accounts receivable—other, net 62,280 46,884 Inventories 99,021 139,690 Financing receivables—net, current 148,758 102,600 Deferred costs 67,945 59,449 Other current assets 51,445 27,269 Total current assets 1,276,698 1,273,529 Financing receivables and operating leases—net 87,636 79,435 Deferred tax asset 6,087 5,620 Property, equipment, and other assets—net 104,778 89,289 Goodwill 202,794 161,503 Other intangible assets—net 87,783 44,093 TOTAL ASSETS $ 1,765,776 $ 1,653,469 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current liabilities: Accounts payable $ 313,046 $ 315,676 Accounts payable—floor plan 115,744 105,104 Salaries and commissions payable 52,727 43,696 Deferred revenue 154,273 134,596 Non-recourse notes payable—current 24,173 23,288 Other current liabilities 36,848 34,630 Total current liabilities 696,811 656,990 Non-recourse notes payable—long-term 9,622 12,901 Other liabilities 97,003 81,799 TOTAL LIABILITIES 803,436 751,690 COMMITMENTS AND CONTINGENCIES (Note 10) STOCKHOLDERS' EQUITY Preferred stock, $ 0.01 per share par value; 2,000 shares authorized; none outstanding - - Common stock, $ 0.01 per share par value; 50,000 shares authorized; 26,703 outstanding at December 31, 2024, and 26,952 outstanding at March 31, 2024 276 274 Additional paid-in capital 192,087 180,058 Treasury stock, at cost, 880 shares at December 31, 2024, and 447 shares at March 31, 2024 ( 57,639 ) ( 23,811 ) Retained earnings 825,760 742,978 Accumulated other comprehensive income—foreign currency translation adjustment 1,856 2,280 Total Stockholders' Equity

View Full Filing

View this 10-Q filing on SEC EDGAR