Stock Analysis

For the quarter ended 30 June 2026, ePlus reported net sales of US$649.1 million, up 1.0%. Gross profit fell 1.5% to US$151.3 million, and grossMargineased to 23.3% from 23.9%. NetEarningsfrom continuing operations were US$30.3 million, down 5.4%, equal toDiluted Earnings per Shareof US$1.16 against …

First-half bookings reached $35.5 million, including a $20 million system sale. Bookings are lumpy and are not revenue.

Fourth-quarter revenue was $1.766 billion, up 28 per cent from $1.384 billion. Cloud revenue was $1.213 billion, up 31 per cent. For the full year, revenue was $6.572 billion, up 26 per cent from $5.215 billion, and Cloud revenue was $4.411 billion.

Closing annual contract value (ACV), the company's chosen metric in place of annual recurring revenue, was US$5.2 million, down from US$5.3 million at the end of the second quarter. It said US$0.1 million of contracts expired following one-off migrations. Net new ACV was nil …

Operating income was $83.0 million, a 29.9 per cent margin, andNet Incomewas $72.3 million, or $0.49 per diluted share ($0.50 basic). Adjusted EBITDA, a non-GAAP measure, was $101.1 million, aMarginof 36.4 per cent, up 900 basis points and above the company's 35 per cent …

Gross profit was $70.0 million, against $30.1 million in the first quarter. The operating loss narrowed to $78.5 million from $310.4 million, though the first quarter included a $266.5 million property impairment. Second-quarter costs included a $41.9 million loss on contract termination and $27.0 …

Working back from the stated growth rates, the year-earlier quarter was roughly $223 million and the preceding quarter roughly $437 million. Revenue has therefore more than doubled over twelve months while still rising by close to one tenth in a single quarter.