EPLUS INC Maintains Compliance, Reports 26.6M Shares Outstanding

TL;DR

**PLUS is a stable, compliant player in tech wholesale, but this filing lacks financial meat to move the needle.**

AI Summary

EPLUS INC reported its 10-Q for the quarter ended June 30, 2025, indicating continued operations as a large accelerated filer. The company, a wholesale computer and peripheral equipment and software provider, maintained its compliance with SEC filing requirements, having filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months. As of August 4, 2025, EPLUS INC had 26,625,574 shares of common stock outstanding. The filing confirms the company is not a shell company and has submitted every Interactive Data File required by Rule 405 of Regulation S-T. No specific revenue or net income figures were provided in the excerpt, nor were explicit key business changes, risks, or strategic outlook details. The company's business address is 13595 Dulles Technology Drive, Herndon, VA 20171-3413, and its phone number is (703) 984-8400. EPLUS INC operates under the NASDAQ Global Select Market with the trading symbol PLUS.

Why It Matters

This filing confirms EPLUS INC's ongoing operational and regulatory compliance, which is crucial for investor confidence and market stability. For investors, the consistent filing of reports and submission of Interactive Data Files signals transparency and adherence to governance standards. Employees and customers can infer a stable operational environment, as the company is not a shell company and is a large accelerated filer. In a competitive market for computer and peripheral equipment, such compliance can differentiate EPLUS INC from less transparent competitors, reinforcing its position as a reliable entity.

Risk Assessment

Risk Level: low — The risk level is low because the filing explicitly states EPLUS INC has filed all required reports and submitted all Interactive Data Files, indicating strong regulatory compliance. The company is also designated a 'large accelerated filer,' suggesting a robust internal control environment and financial reporting infrastructure. The fact that it is not a shell company further reduces speculative risk.

Analyst Insight

Investors should view this filing as a confirmation of EPLUS INC's operational stability and regulatory adherence, but not as a catalyst for immediate investment decisions. Seek out the full financial statements for revenue, net income, and growth metrics to make an informed investment choice.

Key Numbers

• 26,625,574 — Common Stock Outstanding (as of August 4, 2025, indicating the current share count)
• 1-34167 — Commission File Number (identifies EPLUS INC's registration with the SEC)
• 001-34167 — SEC File Number (identifies EPLUS INC's registration with the SEC)
• 0001022408 — Central Index Key (CIK) (unique identifier for EPLUS INC in SEC filings)

Key Players & Entities

• EPLUS INC (company) — registrant
• NASDAQ Global Select Market (company) — exchange where common stock is registered
• SEC (regulator) — Securities and Exchange Commission
• 26,625,574 (dollar_amount) — shares of common stock outstanding as of August 4, 2025
• 13595 Dulles Technology Drive (company) — principal executive offices address
• Herndon (company) — city of principal executive offices
• VA (company) — state of principal executive offices
• 20171-3413 (company) — zip code of principal executive offices
• 703-984-8400 (company) — registrant's telephone number
• Delaware (company) — state of incorporation

FAQ

Industry Context

EPLUS INC operates within the wholesale computer and peripheral equipment and software sector. This industry is characterized by rapid technological advancements, competitive pricing, and the need for efficient supply chain management to meet demand for hardware and software solutions.

Regulatory Implications

As a large accelerated filer, EPLUS INC is subject to comprehensive SEC reporting requirements, including timely filing of 10-Q reports and adherence to accounting standards. The company's confirmation of filing all required reports and Interactive Data Files demonstrates its commitment to regulatory compliance.

What Investors Should Do

1. Monitor future 10-Q and 10-K filings for detailed financial performance.
2. Review the company's business description and risk factors in full SEC filings.

Glossary

Large accelerated filer

A filer that meets certain public float and filing history requirements, indicating a significant level of public investor interest and regulatory scrutiny. (EPLUS INC is classified as a large accelerated filer, meaning it adheres to more stringent SEC reporting and disclosure requirements.)

Regulation S-T Rule 405

This rule mandates the electronic submission of Interactive Data Files (XBRL) for certain filings, ensuring machine-readable financial information. (EPLUS INC's confirmation of submitting all required Interactive Data Files indicates compliance with modern digital disclosure standards.)

Section 13 or 15(d) of the Securities Exchange Act of 1934

These sections outline the periodic reporting requirements for companies registered with the SEC, including the filing of annual (10-K) and quarterly (10-Q) reports. (EPLUS INC's statement of having filed all required reports confirms its ongoing compliance with fundamental securities law obligations.)

Year-Over-Year Comparison

This excerpt does not provide comparative financial data from previous filings, making it impossible to assess year-over-year changes in revenue, net income, margins, or other key performance indicators. Investors will need to consult the full 10-Q and prior filings to conduct such comparisons.

Filing Documents

• ef20050504_10q.htm (10-Q) — 889KB
• ef20050504_ex10-1.htm (EX-10.1) — 144KB
• ef20050504_ex31-1.htm (EX-31.1) — 15KB
• ef20050504_ex31-2.htm (EX-31.2) — 15KB
• ef20050504_ex32.htm (EX-32) — 9KB
• image1.gif (GRAPHIC) — 4KB
• 0001140361-25-029644.txt ( ) — 6009KB
• plus-20250630.xsd (EX-101.SCH) — 46KB
• plus-20250630_def.xml (EX-101.DEF) — 273KB
• plus-20250630_lab.xml (EX-101.LAB) — 484KB
• plus-20250630_pre.xml (EX-101.PRE) — 290KB
• plus-20250630_cal.xml (EX-101.CAL) — 59KB
• ef20050504_10q_htm.xml (XML) — 644KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3. Defaults Upon Senior Securities 38 Item 4. Mine Safety Disclosures 38 Item 5. Other Information 38 Item 6. Exhibits 39

Signatures

Signatures 40 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: financial losses resulting from national and international political instability fostering uncertainty and volatility in the global economy including

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) June 30, 2025 March 31, 2025 ASSETS Current assets: Cash and cash equivalents $ 480,178 $ 389,375 Accounts receivable—trade, net 700,873 516,925 Accounts receivable—other, net 38,606 19,382 Inventories 101,053 120,440 Deferred costs 66,898 66,769 Other current assets 14,708 28,500 Current assets of discontinued operations - 222,399 Total current assets 1,402,316 1,363,790 Deferred tax asset 9,852 3,658 Property, equipment, and other assets—net 107,538 98,657 Goodwill 202,979 202,858 Other intangible assets—net 76,450 82,007 Non-current assets of discontinued operations - 133,835 TOTAL ASSETS $ 1,799,135 $ 1,884,805 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current liabilities: Accounts payable $ 320,434 $ 324,580 Accounts payable—floor plan 129,415 89,527 Salaries and commissions payable 45,672 42,219 Deferred revenue 158,759 152,631 Other current liabilities 33,470 22,463 Current liabilities of discontinued operations - 166,463 Total current liabilities 687,750 797,883 Deferred tax liability—long-term - 1,454 Deferred revenue—long-term 78,404 81,759 Other liabilities 12,550 13,540 Non-current liabilities of discontinued operations - 12,546 TOTAL LIABILITIES 778,704 907,182 COMMITMENTS AND CONTINGENCIES ( Note 8 ) 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; 26,627 outstanding at June 30, 2025 and 26,526 outstanding at March 31, 2025 277 276 Additional paid-in capital 198,954 193,698 Treasury stock, at cost, 1,103 shares at June 30, 2025 and 1,056 shares at March 31, 2025 ( 74,052 ) ( 70,748 ) Retained earnings 888,653 850,956

View Full Filing

View this 10-Q filing on SEC EDGAR